Fixed deposit (FD) interest rates of most banks are coming down during the Corona period. This fall in fixed deposit rates has created problems for those who look at FDs as a short-term investment option. However, there are still some small financial banks, which are giving better returns on one year deposits. Jana Small Finance Bank and Utkarsh Small Finance Bank are still offering 6.25 per cent interest on one-year FDs for general depositors, while these banks are offering 6.75 per cent return on one-year FDs for senior citizens.
Jana Small Finance Bank FD Rates
According to the official website of Jana Small Finance Bank janabank.com/deposits/regular-fixed-deposit/, the FD interest rate is 2.50 percent for 7-14 days, while it is 3.00 percent for 15 to 60 days. At the same time, the interest rate for bank FDs of 61 to 90 days is 3.75 percent, while for tenors of 91 to 180 days, the interest rate of FD is 4.50 percent. The fixed deposit interest rate of Jana Small Finance Bank for 181 to 364 days is 5.50 per cent. At the same time, the interest rate on FD offered by the bank for one year or 365 days is 6.25 percent.
Interest Rates for Fixed Deposits
| Period | Regular FD Interest Rate (p.a.) Effective Date 07/05/2021 | Senior Citizen FD Interest Rate (p.a.) Effective Date 07/05/2021 |
| 7-14 days | (2.50% | 3.00% |
| 15-60 days | 3.00% | 3.50% |
| 61-90 days | 3.75% | 4.25% |
| 911-80 days | 450% | 5.50% |
| 181-364 days | 5.50% | 6.00% |
| 1 Year [365 Days] | 6.25% | 6.75% |
| > 1 Year- 2 Years | 6.50% | 7.00% |
| +2 Years-3 Years | 6.%50 | 7.00% |
| >3 Year- < 5 Years | 6.75% | 7.25% |
| SYears 1825 Days) 6.50% | 7.00% |
| >5 Years 10 Years 6.75% | 6.50% |
Utkarsh Small Finance Bank FD Rates
According to the official website of Utkarsh Small Finance Bank, utkarsh.bank, the bank offers 3.00 percent on deposits for a period of 7 to 45 days. Interest rate is 3.25 percent for fixed deposits of 46 to 90 days and 4.00 percent interest is getting for FD period of 91 to 180 days. At the same time, the fixed deposit rate for a period of 181 to 364 days is 5.75 percent, while Utkarsh Small Finance Bank is giving 6.25 percent interest on fixed deposit for a period of 365 to 699 days.
Utkarsh Small Finance Bank
INTEREST RATES ON DOMESTIC FIXED DEPOSITS
(With Premature Withdrawal Facility)
(For Deposits less than Rs. 2 Crorel)
| Sr. No. | Tenure | INTEREST RATES (P.A.)- W.E.F. July 01, 2021 General Customers | Senior Citizens |
| 1 | 7 Days to 45 Days | 3.00% | 3.50% |
| 2 | 46 Days to 90 Days | 3.25% | 3.75% |
| 3 | 91 Days to 180 Days | 4.00% | 4.50% |
| 4 | 181 Days to 364 Days | 5.75% | 6.25% |
| 5 | 365 Days to 699 Days | 6.25% | 6.75% |
| 6 | 700 day | 6.75% | 7.25% |
| 7 | 701 day to 3652 day | 6.00% | 6.50% |
