6 Small Finance Banks Giving Inflation Beating Returns Over 7% On FD To Regular Customers

Marion Steward

Utkarsh Small Finance Bank

The bank’s interest rates were last changed on May 9, 2022, and as a result, the bank now offers a maximum return of 7.25 percent to the general public.

Tenure General Customers
7 Days to 45 Days 3.00%
46 Days to 90 Days 3.25%
91 Days to 180 Days 4.25%
181 Days to 364 Days 5.75%
365 Days to 699 Days 6.90%
700 Days to 1000 Days 7.25%
1001 Days upto 5 Years 6.75%
Above 5 Years to 10 Years 6.00%
Source: Bank Website  

ESAF Small Finance Bank

ESAF Small Finance Bank

The bank made an interest rate change on fixed deposits on May 13, 2022, and as a result of the revision, the bank is now giving regular customers a maximum interest rate of 7.25 per cent on deposits maturing in 2 years to less than 3 years.

Period Normal Rate (%)
7 days to 14 days 4.00%
15 days to 59 days 4.50%
60 days to 90 days 5.00%
91 days to 182 days 5.25%
183 days to 1 year 5.50%
1 year 1 day to less than 2 years 6.60%
2 years to less than 3 years 7.25%
3 years to less than 4 years 5.75%
4 years to less than 5 years 5.75%
5 years to 10 years 5.25%
Source: Bank Website  

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank

Regular customers can get a maximum rate of 7.15 percent on deposits maturing in 990 days with Ujjivan Small Finance Bank’s Platina Fixed Deposit, which is a retail non-callable deposit product. The interest rates stated here are in effect as of May 1st, 2022.

TENURE Interest Rate (p.a.) (Under Rs. 2 Crores)
12 Months 6.90%
12 Months and 1 Day to 19 Months 6.40%
19 Months and 1 Day to 24 Months 7.00%
24 Months and 1 Day to 989 Days 6.90%
990 Days 7.15%
991 Days to 36 Months 6.90%
3 Years and 1 Day to 5 Years 6.65%
Source: Bank Website  

Suryoday Small Finance Bank

Suryoday Small Finance Bank

Effective March 10, 2022, the bank is offering the general public a maximum rate of 7% on deposits maturing in 3 Years.

Period Interest Rate (Per Annum)
7 days to 14 days 3.25%
15 days to 45 days 3.25%
46 days to 90 days 4.25%
91 days to 6 months 4.75%
Above 6 months to 9 months 5.25%
Above 9 months to less than 1 Year 5.75%
1 Year to 1 Year 6 Months 6.50%
Above 1 Year 6 Months to 2 Years 6.50%
Above 2 Years to less than 3 Years 6.25%
3 Years 7.00%
Above 3 Years to less than 5 Years 6.50%
5 Years 6.75%
Above 5 years to 10 years 6.00%
Source: Bank Website  

North East Small Finance Bank

North East Small Finance Bank

In force from 1st April 2022, the bank is offering non-senior citizens a maximum return of 7% on deposits maturing in 1111 days.

Period Interest Rate (Per Annum)
7 – 14 Days 3
15 – 29 Days 3
30 – 45 Days 3
46 – 90 Days 3.5
91 – 180 Days 4
181 – 365 Days 5
366 – 729 Days 6.75
730 – 1095 Days 6.75
1096 – 1110 Days 6.5
1111 Days 7
1112-1825 Days 6.5
1826 – 3650 Days 6.25
Source: Bank Website  

Jana Small Finance Bank

Jana Small Finance Bank

Regular customers at Jana Small Finance Bank will receive a maximum return of 7% on deposits maturing in 3 to 5 years. As of May 5, 2022, the interest rates shown below are in force.

Period Regular FD Interest Rate (p.a.)
7-14 days 2.50%
15-60 days 3.00%
61-90 days 3.75%
91-180 days 4.50%
181-364 days 5.50%
1 Year [365 Days] 6.50%
1 Year – 2 Years 6.50%
2 Years – 3 Years 6.75%
3 Year – 5 Years 7.00%
5 Years [1825 Days] 6.75%
5 Years- 10 Years 6.00%
Source: Bank Website  


https://www.goodreturns.in/personal-finance/investment/6-small-finance-banks-giving-inflation-beating-returns-over-7-on-fd-to-regular-customers-1249249.html

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