INSUBCONTINENT EXCLUSIVE:
ESAF Small Finance Bank offers 8.75% interest on a fixed deposit of 365-727 days.Small finance banks (SFBs) are focused on financial
inclusion by provision of savings vehicles and supply of credit to small business units, small farmers, micro and small industries, and
other unorganised sector entities
Small finance banks aim to run high-technology low-cost operations
They offer higher interest rates than mainstream commercial banks
Compared to small finance banks, lenders such as State Bank of India (SBI), HDFC Bank and ICICI Bank have a bigger reach but it is actually
small finance banks - such as ESAF Small Finance Bank, AU Small Finance Bank and Utkarsh Small Finance Bank - that offer better interest
However, small finance banks provide better rate of return on fixed deposits compared to traditional commercial banks.For example, SBI, the
largest lender of the country, pays interest at the rate of 6.80 per cent on afixed deposits of a maturity period of one to less than two
ESAF Small Finance Bank pays an 8.75 per cent interest on a fixed deposit of 365-727 days; AU Small Finance Bank pays an annual return of
8.25 per cent on a fixed deposit of 13 months one day to 18 months, and Utkarsh Small Finance Bank pays a return of 8.5 per cent on a fixed
deposit of one year to 455 days
Senior Citizens7 - 14 days5.50%6.00%15 - 59 days5.50%6.00%60 - 90 days6.25%6.75%91 - 179 days6.75%7.25%180 - 363 days7.50%8.00%364
days5.60%6.10%365 - 727 days8.75%9.25%728 days6.80%7.30%729 - 1091 days8.00%8.50%1092 days5.66%6.16%1093 - 1819 days7.00%7.50%1820
Offered By SBI, Post Office)FD interest rates of AU Small Finance BankTENURE BUCKETSResident / NRE* / NRO Interest Rate (%)Senior Citizens
Resident / NRE* / NRO Interest Rate (%)7 Days to 1 Month 15 Days5.50%61 Month 16 Days to 3 Months6.75%7.253 Months 1 Day to 6
Months6.90%7.46 Months 1 Day to 13 Months7.00%7.513 Months 1 Day to 18 Months8.25%8.7518 Months 1 Day to 24 Months8.50%924 Months 1 Day to
36 Months7.75%8.2536 Months 1 Day to 45 Months7.75%8.2545 Months 1 Day to 60 Months8.00%8.560 Months 1 Day to 120 Months7.25%7.75Source:
BankTENURESINTEREST RATES (% P.A.) - W.E.F September 27, 2018General CustomersSenior Citizens7 Days to 15 days3.50%4.00%16 Days to 28
Days3.50%4.00%29 Days to 45 Days4.00%4.50%46 Days to 90 Days4.50%5.00%91 Days to 120 Days5.00%5.50%121 Days to 179 Days5.50%6.00%180 Days to
210 Days6.00%6.50%211 Days to 270 Days7.00%7.50%271 Days to less than 1 Year7.50%8.00%1 Year to 455 Days8.50%9.00%456 Days to less than 2
years9.00%9.50%2 Years to less than 3 Years7.85%8.35%3 Years to less than 5 Years7.00%7.50%5 Years8.00%8.50%More than 5 Years to 10
