Bank FD: 3 Small Finance Banks Offering Up to 8.15% Fixed Deposit Interest; Check Here

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Some small finance banks including the Suroday Small Finance Bank, Jana Small Finance Bank and Ujjivan Small Finance Bank are offering interest rates that beat current inflation rates

Inflation Beating Fixed Deposit Interest Rates: The retail inflation in India has cooled off in June to 7.01 per cent on the Reserve Bank of India hiking its repo rates, but is still above the central bank’s upper tolerance limit. In a bulletin released earlier this month, the RBI said that inflation may be peaking in India, but the prediction may be premature. In this scenario, and given that markets have been volatile for months now, investors are looking for safe ways to invest that will give them high returns. Bank FDs are a good way to save money and get interests, but they often provide a low rate of return.

Read More: How much salary will increase if 8th Pay Commission is implemented?

With the CPI being 7.01 per cent in July, traditional bank fixed deposits that provide interest rates in the 2-6 per cent brackets, may not be fruitful for investors who want inflation-beating interest rates on their deposits. However, some small finance banks including the Suroday Small Finance Bank, Jana Small Finance Bank and Ujjivan Small Finance Bank are offering interest rates that beat current inflation rates with their FD interest Rates. These are applicable for deposits below Rs 2 crore.

Suryoday Small Finance Bank FD Rates

7 days to 14 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent

15 days to 45 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent

46 days to 90 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent

91 days to 6 months: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent

More than 6 months to 9 Months: For General Public – 5.25 per cent; For Senior Citizens – 5.75 per cent

More than 9 months to Less than 1 Year: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent

1 Year to 1 Year 6 Months: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent

More than 1 Year 6 Months to Less than 2 Years: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent

Above 2 Years to 998 days: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent

999 Days: For General Public – 7.49 per cent; For Senior Citizens – 7.99 per cent

1000 Days up to 3 Years: For General Public – 7.00 per cent; For Senior Citizens – 6.80 per cent

Above 3 Years to Less than 5 Years: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent

5 years: For General Public – 6.75 per cent; For Senior Citizens – 7.25 per cent

5 Years and Above to 10 Years: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent

Read More: Monthly Income Scheme: From deposit limit to taxation, 10 important details to know about this account

Jana Small Finance Bank FD Interest Rates7 days to 14 days: For General Public – 2.50 per cent; For Senior Citizens – 3.30 per cent

15 days to 60 days: For General Public – 3.00 per cent; For Senior Citizens – 3.80 per cent

61 days to 90 days: For General Public – 3.75 per cent; For Senior Citizens – 4.55 per cent

91 days to 180 days: For General Public – 4.50 per cent; For Senior Citizens – 5.30 per cent

181 days to 364 days: For General Public – 5.50 per cent; For Senior Citizens – 6.30 per cent

1 Year (365 days): For General Public – 6.50 per cent; For Senior Citizens – 7.30 per cent

1 Year and above to 2 Years: For General Public – 7.00 per cent; For Senior Citizens – 7.80 per cent

2 Years and Above to Less than 3 Years: For General Public – 7.25 per cent; For Senior Citizens – 8.05 per cent

3 Years and Above to Less than 5 Years: For General Public – 7.25 per cent; For Senior Citizens – 8.05 per cent

5 years (1825 Days): For General Public – 7.35 per cent; For Senior Citizens – 8.15 per cent

5 Years and Above to 10 Years: For General Public – 6.00 per cent; For Senior Citizens – 6.80 per cent

Ujjivan Small Finance Bank FD Interest Rates7 days to 29 days: For General Public – 2.90 per cent; For Senior Citizens – 3.40 per cent

30 days to 89 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent

90 days to 179 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent

6 months: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent

6 months and above to less than 9 months: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent

9 months: For General Public – 5.05 per cent; For Senior Citizens – 5.55 per cent

9 months and above to less than 1 year: For General Public – 6.50 per cent; For Senior Citizens – 7.30 per cent

1 year: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent

12 Months and 1 Day to 15 Months : For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent

15 Months and 1 Day to 18 Months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent

18 Months and 1 Day to less than 24 Months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent

24 Months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent

990 Days: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent

991 Days to 36 Months: For General Public – 7.20 per cent; For Senior Citizens – 7.70 per cent

18 Months and 1 Day to less than 24 Months: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent

36 Months and 1 Day to 42 Months: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent

42 Months and 1 Day to 60 Months: For General Public – 7.20 per cent; For Senior Citizens – 7.70 per cent

60 Months and 1 day to 120 Months: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent