As SBI Fixed Deposit Interest Rates Rise, Small Finance Banks Pay As High As 9%

Ujjivan small finance bank offers FD interest rate of 8 per cent on its one-year fixed deposits

Even after increasing the fixed deposit (FD) interest rates on May 28, the State Bank of India still offers the rate of just 6.65 per cent on its one-year fixed deposits (FD). As the SBI FD interest rates continue to stay below the 7 per cent level, the depositors now have a reason to look for alternative savings. Even the post offices fixed deposits also pay just 6.6 per cent on its one-year deposits, the interest rates offered by small finance banks outpace their large counterparts by a wide margin, sometimes as high as 225 basis points (2.25 per cent).

Sample this. Ujjivan small finance bank offers FD interest rate of 8 per cent on its one-year fixed deposits (FDs).

Ujjivan Small Finance Bank Fixed Deposit (FD) Interest Rates

TENURE	Interest Rate (pa) (Under Rs. 1 Crore)
7 Days to 29 Days	5.50%
30 Days to 89 Days	6.25%
90 Days to 179 Days	6.75%
180 Days to 364 Days	7.50%
1 Year to 2 Years	8.00%
2 Years and 1 Day to 3 Years	7.50%
3 Years and 1 Day to 5 Years	7.00%
5 Years and 1 Day to 10 Years	6.50%
Additional Interest Rate for Senior Citizens	0.50%
Savings Bank Account

Fincare small finance bankFincare Small Finance Bank Fixed Deposit (FD) Interest Rates

Tenure	General Public	Senior Citizens**
7 days to 45 days	4.00%	4.50%
46 days to 90 days	4.00%	4.50%
91 days to 180 days	6.00%	6.50%
181 days to 364 days	7.00%	7.50%
12 months to 15 months	8.00%	8.50%
15 months 1 day to 18 months	8.25%	8.75%
18 months 1 day to 21 months	8.50%	9.00%
21 months 1 day to 24 months	8.75%	9.25%
24 months 1 day to 36 months	9.00%	9.50%
3 years 1 day to 5 years	8.00%	8.50%
5 years 1 day to 7 years	7.00%	7.50%
5 years 1 day to 7 years	7.00%	7.50%

AU Small Finance Bank Fixed Deposit (FD) Interest Rates

TENURE BUCKETS	Interest Rate / Card Rate p.a. (%)	Senior Citizen Interest Rate p.a. (%)	For NRE*/NRO Interest Rate p.a. (%)
7 Days to 1 Month 15 Days	5.50%	6.00%	5.50%
1 Month 16 Days to 3 Months	6.75%	7.25%	6.75%
3 Months 1 Day to 6 Months	6.90%	7.40%	6.90%
6 Months 1 Day to 12 Months	7.00%	7.50%	7.00%
12 Months 1 Day to 18 Months	7.15%	7.65%	7.15%
18 Months 1 Day to 24 Months	7.15%	7.65%	7.15%
24 Months 1 Day to 36 Months	7.25%	7.75%	7.25%
36 Months 1 Day to 45 Months	7.30%	7.80%	7.30%
45 Months 1 Day to 60 Months	7.40%	7.90%	7.40%
Above 60 Months*	7.25%	7.75%	7.25%

fixed deposit interest rateEquitas Fixed Deposit (FD) Interest Rates

Tenure	interest rates
7 - 14 days	5.00%
15 - 29 days	5.50%
30 - 45 days	6.00%
46 - 62 days	6.25%
63 - 90 days	6.25%
91 - 120 days	6.50%
121 - 180 days	6.50%
181 - 210 days	6.75%
211 - 270 days	6.75%
271 - 364 days	7.00%
1 year to 18 months	7.50%
18 months 1 day to 2 year	7.75%
2 years 1 day to 3 years	7.75%
3 years 1 day to 4 years	7.00%
4 years 1 day to 5 years	7.00%
5 years 1 day to 10 years	7.00%