Fixed Deposit Interest Rates: Here's What Small Finance Banks Offer

INSUBCONTINENT EXCLUSIVE:
Small finance banks pay higher interest rates on fixed deposits compared to commercial banksLast week, Utkarsh Small Finance Bank revised it
fixed deposit interest rates
Fixed deposit (FDs) are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking
financial companies (NBFCs) and post offices
Small finance banks focus 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 pay higher interest rates on fixed deposits compared to commercial banks.Here's a comparison of fixed deposit (FD)
interest rates paid by Utkarsh Small Finance Bank, Capital Small Finance Bank ESAF Small Finance Bank and Jana Small Finance Bank:Utkarsh
Small Finance BankThe following FD interest rates are applicable on deposits below Rs
2 crore, according to the bank's website - utkarsh.bank:Interest rates with effect from February 28, 2019TenuresGeneral CustomersSenior
Citizens7 Days to 15 days5.00%5.50%16 Days to 28 Days5.00%5.50%29 Days to 45 Days5.00%5.50%46 Days to 90 Days5.75%6.25%91 Days to 120
Days7.00%7.50%121 Days to 180 Days7.00%7.50%181 Days to 210 Days7.25%7.75%211 Days to 270 Days7.25%7.75%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
applicable with effect from November 19, 2018, according to the bank's website - capitalbank.co.in:SlabGeneral publicSenior citizens15
Days to 30 Days5.25%5.75%31 Days to 45 Days5.75%6.25%46 Days to 89 Days6.50%7.00%90 Days to 179 Days6.85%7.35%180 Days to less than 1
Finance BankThe following FD interest rates are applicable on deposits below Rs
1 crore, according to the bank's website - esafbank.com:Tenure of depositRate of Interest effective from November 1, 2018General
publicSenior 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
2 crore, according to the bank's website - janabank.com:PeriodRegular FD Interest rate (p.a)Senior Citizen FD Interest rate (p.a)Effective
from December 14, 2018Effective from January 30, 20197-45 days6.00%6.60%46-60 days6.50%7.10%61-180 days7.00%7.60%181-365 days8.50%9.10%gt; 1
year - 2 years8.50%9.10%gt; 2 years - < 3 years8.50%9.10%= 3 years9.00%9.60%gt; 3 years - 5 years8.50%9.10%gt; 5 years - 10