Bank FD Rates: This Bank Pays 9% Interest Rate, Senior Citizens Get 9.50%

Consider this: a one-year fixed deposit of less than Rs 1 crore in State Bank of India (SBI) fetches an interest rate of 6.40 per cent. Compared to this, a similar deposit fetches an interest rate of 8 per cent in Fincare Small Finance Bank; 8.75 per cent in ESAF Small Finance Bank; 8 per cent in Ujjivan Small Finance Bank; and 7 per cent in AU Small Finance Bank. Leading public and private sector lenders like SBI, ICICI Bank, HDFC Bank, Punjab National Bank (PNB), Axis Bank, among others offer compelling interest rates on fixed deposits. However, there are some banks which offer equally competitive, rather better, interest rates but are not that famous. (Also Read: Tax-Saving Fixed Deposits: SBI Vs HDFC Bank Vs ICICI Bank Vs Axis Bank) Small finance banks provide financial inclusion to small businesses, micro and small industries, and farmers, among others. The aim of small finance banks is to lend credit to the underserved population of the country. They may not be popular among the general public but their interest rates are higher than leading banks. Given below are interest rates on fixed deposits offered by four small finance banks - Fincare Small Finance Bank, ESAF Small Finance Bank, Ujjivan Small Finance Bank, and AU Small Finance Bank: Fixed Deposit (FD) Interest Rates Of ESAF Small Finance Bank . Retail Term Deposit (Less than INR 1 Cr) Rate of Interest Applicable from 1st April 2018 Domestic Tenure Normal Senior Citizen 7 - 14 days 5.75% 6.25% 15 - 59 days 5.75% 6.25% 60 - 90 days 6.50% 7.00% 91 - 179 days 6.75% 7.25% 180 - 363 days 7.50% 8.00% 364 days 5.60% 6.10% 365 - 727 days 8.75% 9.25% 728 days 6.80% 7.30% 729 - 1091 days 8.00% 8.50% 1092 days 5.66% 6.16% 1093 - 1819 days 7.00% 7.50% 1820 days 5.65% 6.15% 1821 - 3652 days 7.00% 7.50% .SBI Bank Fixed Deposits Vs Post Office Term Deposit: Interest Rate, Income Tax Benefits, Other Details. TENURE BUCKETS Interest Rate / Card Rate p.a. (%) Senior Citizen Interest Rate p.a. (%) 7 Days to 1 Month 15 Days 5.50% 6.00% 1 Month 16 Days to 3 Months 6.75% 7.25% 3 Months 1 Day to 6 Months 6.90% 7.40% 6 Months 1 Day to 12 Months 7.00% 7.50% 12 Months 1 Day to 18 Months 7.15% 7.65% 18 Months 1 Day to 24 Months 7.15% 7.65% 24 Months 1 Day to 36 Months 7.25% 7.75% 36 Months 1 Day to 45 Months 7.30% 7.80% 45 Months 1 Day to 60 Months 7.40% 7.90% Above 60 Months* 7.25% 7.75% .5 Investment Schemes That Can Make You Money, Offer Security. Tenure General Public Senior citizens 7 days to 45 days 4% 4.50% 46 days to 90 days 4% 4.50% 91 days to 180 days 6% 6.50% 181 days to 364 days 7% 7.50% 12 months to 15 months 8% 8.50% 15 months 1 day to 18 months 8.25% 8.75% 18 months 1 day to 21 months 8.50% 9% 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% 8.50% 5 years 1 day to 7 years 7% 7.50% . 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%

Bank FD Rates: This Bank Pays 9% Interest Rate, Senior Citizens Get 9.50%

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