For High Fixed Deposit Returns Up To 9%, Choose Small Finance Banks, Non Banking Financial Companies

For individual depositors, a bank fixed deposit (FD) is considered the safest form of investment, especially with a large commercial bank such as State Bank of India (SBI). The income from the bank FD is not only safe, but also accessible at any time since the saving instrument can be redeemed, even prematurely albeit at the cost of some interest income. However, the large banks offer relatively lower fixed deposit (FD) returns such as SBI offers only 6.65 per cent interest income per annum on its 1-year FD. In such a scenario, the depositors can embrace not-so-popular, but high-yielding alternative of depositing fixed deposits (FDs) with small finance banks and/ or non-banking financial companies (NBFCs). Unlike the large commercial banks such as SBI, small finance banks offer far higher interest rates on their fixed deposits (FDs), which are as high as 9 per cent in some cases. The small finance banks are just like the large commercial banks, but the only difference lies in the fact that they are not permitted to lend to the corporate buyers, thus sparing them the big ticket loans as well as the exposure to higher non-performing assets. Some of the most prominent small finance banks include Fincare Small Finance Bank, AU small finance bank, Ujjivan Small Finance Bank and Equitas Small Finance Bank. For individual depositors, small finance banks offer a boon to the investments for high rate of interest, sometimes as high as 200 basis points, in comparison to the mainstream banks. Fincare 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% .non-banking financial companies.Interest rate and risk:.Tax factor:.fixed deposits.Kerala Transport Finance Development Corporation.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height:20px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size:14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; width: 320px; } table, thead, tbody, th, td, tr { font-size:14px; } table th {padding:4px;} table td {padding:4px;} } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Tenure Interest Rate(p/a) 1 year 8.25% 2 years 8.25% 3 years 8.25% 4 years 8% 5 years 8% .Shriram Transport Finance Fixed Deposit (FD) Interest Rates.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height:20px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size:14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; width: 320px; } table, thead, tbody, th, td, tr { font-size:14px; } table th {padding:4px;} table td {padding:4px;} } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Tenure Interest rate(non-cumulative) 12 months 7.65% 24 months 7.65% 36 months 8% 48 months 8% 60 months 8.25%

For High Fixed Deposit Returns Up To 9%, Choose Small Finance Banks, Non Banking Financial Companies

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