Fixed deposit is one of the most secure ways to invest part of your money. Bank fixed deposit interest rates paid by different banks vary, you may need to compare rates to obtain the best one. A fixed deposit often yields a greater interest rate than a conventional savings account
Let's take a look at the small finance banks that offer up to 9 per cent FD interest rate for general citizens
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Suryoday Small Finance Bank
The bank is offering general public with interest at a rate of 4.00 percent to 8.60 percent. The highest interest rate of 8.60% is offered on tenure above 2 years to 3 years. The new rates are applicable from August 7, 2023.
Unity Small Finance Bank FD rates
Unity Small Finance Bank offers interest rates between 4.50 per cent and 9 per cent for tenure ranging from seven days and 10 years. The bank offers 9% interest rate on tenure of 1001 Days (2Y.7m) and 7.65% on tenure of 1002 days - 3 year.
Fincare Small Finance Bank FD rates
Fincare Small Finance Bank offers interest rates between 3 per cent and 8.61 per cent for tenure ranging from seven days to 10 years. The highest interest rate of 8.61 per cent is being offered on 750 (Approx. 2 years) days tenure and 8.15% on tenure between 751 to 30 months (approx. between 2y to 3 y) The rates are effective from October 28, 2023.
ESAF Small Finance Bank FD rates for senior citizens
ESAF Small Finance Bank offers interest rates between 4 per cent and8.50 per cent for tenure ranging from seven days to 10 years. The highest interest rate of 8.50 per cent is being offered on FDs maturing between two years and less than three years. The rates are effective from April 14, 2023.
Jana Small Finance Bank FD rates
Jana Small Finance Bank offers interest rates between 3 per cent and 8.50 per cent for tenure ranging from seven days to 10 years. The interest rate for FDs maturing between two years and three years is 8.5 per cent in Jana Small Finance Bank.
Shivalik SFB FD interest rate
Shivalik Small Finance Bank offers interest rates between 3.75 per cent and 8.10 per cent for tenure ranging from seven days to 10 years. The bank offers interest rate of 8 per cent on FDs maturing between two years and less than three years. The rates are effective from November 24, 2023.
