Up To 8.2% Annual Return On Fixed Deposit? Read This

Small finance banks offer higher fixed deposits (FDs) compared with conventional commercial counterparts, such as State Bank of India, HDFC Bank, ICICI Bank and Kotak Mahindra Bank. Primarily aimed at financial inclusion, small finance banks - from the likes of Utkarsh, Ujjivan, Jana and Equitas - currently pay annual returns to the tune of 3.5-85 per cent on retail fixed deposits, which are fixed deposits up to Rs 2 crore. Fixed deposits, or term deposits, are financial instruments in which a sum of money is locked in for a pre-defined period of time for a "fixed" rate of interest..Here are current interest rates of some popular small finance banks:.Ujjivan Small Finance Bank.table.ujjivansfb { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.ujjivansfb th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.ujjivansfb td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.ujjivansfb th:nth-child(1), table.ujjivansfb td:nth-child(1) { width: 40%; text-align: left; } table.ujjivansfb th:last-child, table.ujjivansfb td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.ujjivansfb { display: table; min-width: 280px; max-width: 100%; } table.ujjivansfb th, table.ujjivansfb td, table.ujjivansfb th:nth-child(n+1), table.ujjivansfb td:nth-child(n+1) { display: table-cell; line-height: normal; } . Maturity Period Interest Rate With Effect From August 4 Seven to 29 days 3.05% 30 to 89 days 4.05% 90 to 179 days 4.80% 180 to 364 days 5.20% One to two years 6.50% Two years and one day to three years 6.05% Three years and one day to five years 5.80% Five years and one day to 10 years 5.55% (Source: ujjivansfb.in) .According to its website, Ujjivan Small Finance Bank provides an additional 0.50% interest rate to senior citizens .Equitas Small Finance Bank.table.equitas { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.equitas th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.equitas td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.equitas th:nth-child(1), table.equitas td:nth-child(1) { width: 40%; text-align: left; } table.equitas th:last-child, table.equitas td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.equitas { display: table; min-width: 280px; max-width: 100%; } table.equitas th, table.equitas td, table.equitas th:nth-child(n+1), table.equitas td:nth-child(n+1) { display: table-cell; line-height: normal; } . Maturity Period Interest Rate With Effect From November 5 Seven to 14 days 3.60% 15 to 29 days 3.60% 30 to 45 days 3.75% 46 to 62 days 4.25% 63 to 90 days 5.25% 91 to 120 days 5.60% 121 to 180 days 5.60% 181 to 210 days 5.75% 211 to 270 days 5.75% 271 to 364 days 6.20% One year to 18 months 6.75% 18 months and one day to two years 6.75% Two years and one day to 887 days 7.00% 888 days 7.00% 889 days to three years 7.00% Three years and one day to four years 6.75% Four years and one day to five years 6.75% Five years and one day to 10 years 6.75% (Source: equitasbank.com) .According to its website, Equitas Small Finance Bank provides 0.50% extra return to senior citizen depositors (not applicable for NRE and NRO accounts).Utkarsh Small Finance Bank.table.utkarsh { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.utkarsh th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.utkarsh td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.utkarsh th:nth-child(1), table.utkarsh td:nth-child(1) { width: 40%; text-align: left; } table.utkarsh th:last-child, table.utkarsh td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.utkarsh { display: table; min-width: 280px; max-width: 100%; } table.utkarsh th, table.utkarsh td, table.utkarsh th:nth-child(n+1), table.utkarsh td:nth-child(n+1) { display: table-cell; line-height: normal; } . Maturity Period Interest Rate With Effect From October 19 General Public Senior Citizen Seven to 45 days 3.00% 3.50% 46 to 90 days 3.25% 3.75% 91 to 180 days 4.00% 4.50% 181 to 364 days 6.00% 6.50% 365 days to 699 days 6.75% 7.25% 700 days 7% 7.50% 701 to 3,652 days 6.75% 7.25% (Source: utkarsh.bank) .Jana Small Finance Bank.table.janabank { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.janabank th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.janabank td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.janabank th:nth-child(1), table.janabank td:nth-child(1) { width: 40%; text-align: left; } table.janabank th:last-child, table.janabank td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.janabank { display: table; min-width: 280px; max-width: 100%; } table.janabank th, table.janabank td, table.janabank th:nth-child(n+1), table.janabank td:nth-child(n+1) { display: table-cell; line-height: normal; } . Maturity Period Interest Rate With Effect From November 18 General Public Senior Citizen Seven to 14 days 3.00% 3.50% 15 to 60 days 3.75% 4.25% 61 to 90 days 4.50% 5.00% 91 to 180 days 5.61% 6.14% 181 to 364 days 6.66% 7.17% One year (365 days) 7.08% 7.61% One to two years 7.19% 7.71% Two to three years 7.71% 8.24% Three to five years 7.19% 7.71% Five years (1,825 days) 7.19% 7.71% Five years to 10 years 6.66% 7.19% (Source: janabank.com) .Meanwhile, the country's top banks including State Bank of India, Axis Bank, Punjab National Bank and HDFC Bank offer interest rates up to 5.50 per cent on fixed deposits at present.

Up To 8.2% Annual Return On Fixed Deposit? Read This

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