Small Finance Bank FD Interest Rate: There is good news for those investing in FD. Actually, for your information, let us tell you that many big small finance banks are offering huge interest on savings accounts as well as fixed deposits i.e. FD. Let us know in the news below which banks are giving more interest on FD-
Many small finance banks in the country are offering better returns on deposits to customers as compared to big banks like State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank, ICICI Bank. These small finance banks are offering bumper interest on savings accounts as well as fixed deposits i.e. FD. In this series, Jana Small Finance Bank is giving up to 9 percent interest on FD to its customers.
Recently, Jana Small Finance Bank has changed the interest rates on fixed deposits. These interest rates are applicable from January 2, 2024. After the change, the bank is now giving a maximum return of 9.00 percent for senior citizens and 8.50 percent for the general public on a period of one year.
Jana Small Finance Bank FD rates for general customers
Jana Small Finance Bank is now offering 3.00 percent interest rate on FDs maturing in 7-14 days, while 4.25 percent interest rate on FDs maturing in 15-60 days. For 61-90 days FD the bank is now offering interest rate of 5.00 per cent and with the tenure of 91-180 days it is 6.50 per cent. The interest rate on deposits maturing in 181-364 days is 8.00 per cent, while the interest rate on deposits maturing in 365 days is currently 8.50 per cent.
Is it safe to keep money in small finance banks?
If you are a bank customer, then you must know that if your bank defaults or goes bankrupt, you get an insurance cover of up to Rs 5 lakh on the amount deposited in the bank. This amount is given to you by Deposit Insurance and Credit Guarantee Corporation i.e. DICGC. Let us tell you that DICGC is a company wholly owned by the Reserve Bank. DICGC insures the banks of the country. Most of the banks in the country are registered with DICGC.
