Senior citizen FD rates: After six consecutive repo rate hikes by the Reserve Bank of India (RBI), private, government to small finance banks have revised interest rates on fixed deposits (FDs) across investment tenures. However,
small finance banks (SFBs) continue to offer the highest interest rates on fixed deposits (FDs) to general and senior citizens ranging from 8 per cent to 9 per cent.
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Take a look at the list of six top small finance banks which offer high-interest rates
- Unity Small Finance Bank: On FDs of 1001 days, Unity Small Finance Bank is offering interest rates of 9.00 per cent to the general public and 9.50 to senior citizens. The new rates are effective from February 15, 2023.
- Jana Small Finance Bank: On FDs of over two to three years, Jana Small Finance Bank is offering interest rates of 8.10 per cent to the general public and 8.80 per cent to senior citizens. The new rates are effective from February 1, 2023.
- Suryoday Small Finance Bank: On FDs of 999 days, Suryoday Small Finance Bank is offering interest rates of 8.51 per cent to the general public and 8.76 per cent to senior citizens. These rates are effective from December 21, 2022. Read More: NPPA Fixes Retail Prices Of 74 Medicine Formulations; BP, Diabetes Drugs Also See Rate Fixing
- Ujjivan Small Finance Bank: On FDs of 560 days, Ujjivan Small Finance bank is offering interest rates of 8.00 per cent to the general public and 8.75 per cent to senior citizens. The new rates are effective from November 5, 2022.
- Utkarsh Small Finance Bank: On FDs of 700 days, Utkarsh Small Finance Bank is offering interest rates of 8.00 per cent to the general public and 8.75 per cent to senior citizens. These rates are effective from November 21, 2022.
- North East Small Finance Bank: On FDs of 111 days, North East Small Finance Bank is offering interest rates of 8.00 per cent to the general public and 8.75 per cent to senior citizens.
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