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4 Best Small Finance Bank FDs With Good Returns Up To 7.5%
Currently, fixed deposits of some banks are providing high interest rates i.e. spanning from 7% to 7.5% respectively. FDs ranging from 7 days to 10 years of maturity period are provided by top lenders such as State Bank of India (SBI), ICICI, HDFC Bank, Axis Bank and many others. But opposing to these banks there are still some small finance banks that give higher interest rates of more than 7.5% to regular customers and 8% to senior citizens through defined tenures. Below are some finance banks that provide up to 7.5% returns on their FDs.
Jana Small Finance Bank FD
On FDs spanning from 7 days to 10 years, Jana Small Finance Bank offers 2.5 percent to 7.25 percent interest. For these deposits, elderly people get an additional 50 basis points i.e. interest ranging from 3% to 7.75%. For the maturity period of 3 years to less than 5 years this bank fetches the highest returns of 7.25% and 7.75% to general customers and senior citizens on deposits. The new FD interest rates are effective as of 22 December of Jana Small Finance Bank.
| Tenure | ROI in % |
|---|---|
| 7-14 days | 2.50 |
| 15-60 days | 3.00 |
| 61-90 days | 3.75 |
| 91-180 days | 4.50 |
| 181-364 days | 6.00 |
| 1 Year | 6.75 |
| > 1 Year - 2 Years | 7.00 |
| >2 Years-3 Years | 7.00 |
| > 3 Year- < 5 Years | 7.25 |
| 5 Years | 7.00 |
| > 5 Years - 10 Years | 6.50 |
Utkarsh Small Finance Bank FD
For FDs maturing in 7 days to 10 years this bank fetches interest rates ranging from 3 percent to 7 percent to the general public and 3.50 percent to 7.50 percent to senior citizens. Whereas for the maturity period of 700 days senior citizens as well as the general public will get the highest interest rate from this bank i.e. 7.5% and 7% respectively. The interest rates are effective from 19 October.
| Tenure | ROI in % |
|---|---|
| 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 |
| 701 Days to 3652 Days | 6.75 |
Suryoday Small Finance Bank FD
Currently, the interest rates are ranging from 4% to 7.50% for general customers on FD of this bank. For the maturity period of 5 years Suryoday Bank provides a higher interest rate of 7.50%. The current interest rates of this bank are in effect from 15 September.
| Tenure | ROI in % |
|---|---|
| 7 days to 14 days | 4.00 |
| 15 days to 45 days | 4.00 |
| 46 days to 90 days | 5.00 |
| 91 days to 6 months | 5.50 |
| > 6 months to 9 months | 6.25 |
| > 9 months to less than 1 Year | 6.50 |
| 1 Year to 2 years | 6.75 |
| > 2 Years to 3 Years | 7.15 |
| > 3 Years to less than 5 Years | 7.25 |
| 5 Years | 7.50 |
| > 5 years to 10 years | 7.00 |
North East Small Finance Bank FD
On FDs maturing in 7 days to 10 years this bank fetches interest rates ranging from 3 percent to 7.5 percent. For a maturity period of 730 days to less than 1095 days North East Small Finance Bank is currently giving a higher interest rate of 7.5%. The new FD interest rates are valid as of 14 September respectively.
| Tenure | ROI in % |
|---|---|
| 7-14 Days | 3.00 |
| 15-29 Days | 3.00 |
| 30-45 Days | 3.25 |
| 46-90 Days | 4.00 |
| 91-180 Days | 4.25 |
| 181-364 Days | 5.25 |
| 365 days to 729 days | 7.00 |
| 730 days to less than 1095 days | 7.50 |
| 1096 days to less than 1825 days | 6.50 |
| 1826 days to less than 3650 days | 6.25 |
