Best FDs: 5 Small Finance Banks Offering Interest Rate Of Up To 9.50%

5 small finance banks are offering highly competitive interest rates to senior citizens and regular citizens on the fixed deposits after Reserve Bank of India increased the repo rate by 25 basis points to 6.50% earlier this year on February 8, 2023. Some of these banks are offering FD interest rates to senior citizens as high as 9.50%. Check details below:

1. Unity Small Finance Bank FD Rates: The bank is offering highest interest rate of 9.50% p.a. to senior citizens on its fixed deposits for the period of 1001 days. Regular citizens can fetch 9.00% interest rates for FDs maturing in 1001 days. The new rates became effective from February 15, 2023.

2. Jana Small Finance Bank FD Interest Rates: The small finance bank (SFB) is offering maximum interest rate of 8.80% to senior citizens while regular citizens can enjoy an interest rate of 8.10% p.a. for FDs for the period of 2 years to 3 years. Also, senior citizens can fetch 8.85% interest rate and regular citizens can get 8.15% interest rate on FDs maturing in 500 days also known as Jana 5-year Anniversary.

3. Suryoday Small Finance Bank FD Interest Rate: The bank is offering maximum interest rate of 8.51% to regular citizens and 8.76% interest rate to senior citizens for FD maturing in 999 days. The new rates came into effect on March 1, 2023. These rates are applicable on FDs of the amounts Rs 2 crore and above.

4. Ujjivan Small Finance Bank FD Interest Rate: Regular citizens can fetch an interest rate 8.25% while senior citizens can get an interest rate of 8.75% p.a. from Ujjivan Small Finance Bank for FDs for the tenure of 80 weeks or 560 days. These rates will be applicable for FDs under Rs 2 crore. The new rates became effective from March 8, 2023.

5. Utkarsh Small Finance Bank: The bank is offering a maximum interest rate of 8.25% to regular citizens and 9.00% interest rates to senior citizens for FDs maturing in 700 days.