FD Interest Rates: These Small Finance Banks Offer Up to 8.10%

Fixed deposit investors can earn up to 8.10% interest as several small finance banks continue to offer higher returns than many larger lenders. The latest rates may catch the attention of savers looking for stable income without market risk.
Fixed deposits remain a preferred option for risk-averse individuals because they offer assured returns for a fixed tenure. However, returns vary across banks and deposit periods, making rate comparison important before investing.

Interest rates on fixed deposits are revised from time to time based on Reserve Bank of India policy decisions and broader economic conditions. Banks also offer different returns depending on the tenure selected.

Top Rates

Several small finance banks are currently offering competitive rates for deposits under Rs 3 crore for regular citizens.

Suryoday Small Finance Bank is offering 8.10% for a tenure of 30 months.

ESAF Small Finance Bank is offering 8.00% for a tenure of 501 days.

Utkarsh Small Finance Bank is offering 7.75% for tenures between 371 days and three years.

Jana Small Finance Bank is offering 7.50% for deposits between one year and three years, and 7.77% for deposits above three years but below five years.

Ujjivan Small Finance Bank is offering 7.55% for a tenure of 24 months.

AU Small Finance Bank is offering 7.10% for a tenure of 30 months one day to 36 months.

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Investor Impact

Higher FD rates can improve returns for investors seeking predictable earnings. Even small differences in interest rates can lead to better maturity values, especially on larger deposits or longer tenures.

Choosing the right tenure is equally important, as the highest rate may not always match an investor's liquidity needs.

Key Checks

Investors should note these rates apply to regular citizens for deposits below Rs 3 crore. Banks usually offer higher rates for senior citizens.

All rates are based on respective bank websites and remain subject to change.

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