New Delhi: FD has been very popular among investment options. Many types of facilities are available on FD. It is also safe to invest in FD. It provides guaranteed returns. Investors in FDs get a better interest rate than a savings account. Many banks, including State Bank, ICII Bank, Axis Bank, HDFC, are offering 7 to 7.5% interest on fixed deposits. While there are some small finance banks, which are paying more interest than these big banks. At the same time, these banks are offering up to 8 percent interest to senior citizens.
High Interest on Small Finance Bank FD
In such a situation, it is beneficial for those investors who are unhappy with the fall in FD interest rates in the last few months. Presently, SBI is offering an interest rate of 4.90% on deposits up to Rs 2 crore for tenure between 1 year and 2 years. Small finance banks generally offer higher interest rates on FDs than commercial banks. Currently, many banks are offering interest rates on FDs ranging from 2.5 percent to 7.5 percent. So let’s tell you which bank is paying interest at what rate.
Jan Finance Small Bank
Jan Finance Small Bank is paying interest between 2.5 per cent and 7.50 per cent on FD for a period ranging from 7 days to 10 years. Apart from this, the bank gives an additional interest of 0.50 percent to senior citizens. These deposits will earn interest rates for senior citizens from 4 percent to 8 percent.
This is new interest rates
7-14 days 2.50%
15-60 days 3%
61-90 days 3.75%
91-180 days 4.5%
181–364 days 6%
1 year [365 days] 6.75%
1 year to 2 years 7.00%
2 years to 3 years 7.00%
3 years to 5 years 7.25%
5 years 7.00%
5 years to 10 years 6.50%
These interest rates apply to deposits below Rs 2 crore. For more information, you can visit the bank’s website.
Utkarsh Small Finance Bank
Utkarsh Small Finance Bank offers interest rates from 3.50% to 7.50% to senior citizens on FDs maturing 3% to 7% and 7 days to 10 years.
This is new interest rates
7 days to 45 days 3.00%
46 days to 90 days 3.25%
91 days to 180 days 4.00%
181 days to 364 days 6.00%
365 days to 699 days 6.75%
700 days 7.00%
Suryoday Small Finance Bank
While FD rate for general customers of Sunrise Bank ranges from 4% to 7.50%. The bank pays the highest interest on deposits maturing in 5 years. 7.50% interest rate will be available on these deposits. Suryoday Bank’s new FD interest rates are effective from September 15.
This is new interest rates
7 days to 14 days 4.00%
15 days to 45 days 4.00%
46 days to 90 days 5.00%
5.50% from 91 days to 6 months
6.25% over 6 months to 9 months
1 year less than 9 months 6.50%
1 year to 2 years 6.75%
2 years to 3 years up 7.15%
Less than 3 years 5 years more than 7.25%
5 years 7.50%
5 years to 10 years above 7%
Canara Bank FD’s latest interest rates
On 7-45 days – 2.95%
46- 90 days – 3.90%
91-179 days – 4%
180-1 years- 4.45%
Over a period of 1 year – 5.20%
More than 1 and less than 2 years – 5.20%
2 years or more and less than 3 years – 5.40%
3 years or more and less than 5 years – 5.50%
For 5 years or more and up to 10 years – 5.50%
SBI FD’s latest interest rates
7 to 45 days 2.90
46 to 179 days 3.90
180 to 210 days 4.40
211 less than 1 year 4.40
4.90 over 1 and under 2 years
5.10 over 2 and under 3 years
5.30 over 3 and under 5 years
5.40 over 5 and under 10 years
