High interest FDs: If you are someone looking for fixed deposits with higher interest rates, then small finance banks can be a good option for you. Small finance banks typically offer higher interest rates compared to traditional banks.
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Moreover, under the guidance and regulation of the RBI, investing in FDs offered by private and small finance banks is considered safe.
Some small finance banks are currently offering attractive interest rates on fixed deposits (FDs), reaching up to 9%. If you seek slightly higher interest rates on FDs, it’s advisable to secure them now before potential rate reductions.
Here’s a list of small finance banks offering high interest rates for FDs. However, it is important to note that these rates apply to deposits of up to Rs 2 crore.
Small finance banks with highest interest FDs
Unity Small Finance Bank
Unity Small Finance Bank is currently providing a 9% interest rate for FDs maturing in 1001 days.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is currently offering an interest rate of 8.5% for FDs maturing between two and three years.
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Suryoday Small Finance Bank
Suryoday Small Finance Bank is currently providing an interest rate of 8.65% for FDs maturing in two years and two days.
Jana Small Finance Bank
Jana Small Finance Bank is currently offering an interest rate of 8.5% for FDs maturing in 365 days.
Equitas Small Finance Bank
Equitas Small Finance Bank is providing an interest rate of 8.5% for FDs maturing in 444 days.
ESAF Small Finance Bank
ESAF Small Finance Bank is offering an interest rate of 8.25% for FDs maturing between two and less than three years.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank is also offering an interest rate of 8.5% for FDs maturing between two and three years.
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AU Small Finance Bank
This bank is providing an interest rate of 8% for FDs maturing in 18 months.
