INSUBCONTINENT EXCLUSIVE:
Many banks have raised their fixed deposit or FD interest rates recently.Fixed deposits or FDs are popular among small savers
As compared to market-linked instruments like stocks or bonds, FDs guarantee secure investment return over a period of time
Usually, new savers with low risk-appetite look for guaranteed return
Bank fixed deposits fit the bill in such cases perfectly
Key banks like State Bank of India or SBI and HDFC Bank have recently increased their FD interest rates
Small finance banks like Jana Small Finance Bank, Fincare Small Finance Bank and ESAF Small Finance Bank also offer competitive fixed
deposit or FD interest rates.Small finance banks cater to under penetrated areas of the country
This is not to say that they do not lend money and offer deposits to urban areas
In fact, the FD interest rates of small finance banks beat the ones offered by top banks like SBI and HDFC Bank.SBI FD interest rate for a
1-year tenure is 6.70 per cent
HDFC Bank interest rates on FDs of a 1-year tenure are 7.75 per cent
However, on a one-year FD, Jana Small Finance Bank pays 8 per cent interest rate, Fincare Small Finance Bank pays 8 per cent and ESAF Small
Finance Bank 8.75 per cent.Many banks have raised their fixed deposit or FD interest rates recently.TheIndianSubcontinent compares fixed
deposit or FD interest rates of SBI, HDFC Bank, Jana Small Finance Bank, Fincare Small Finance Bank, and ESAF Small Finance Bank
The following FD interest rates may help you decide which bank is best for fixed deposit:Fixed deposit interest rates in SBISBI revised its
interest rates on retail fixed deposits with effect from August 30, stated sbi.co.in
The following FD interest rates are for deposits below Rs 1 crore:(All figures in % per annum)TermInterest rate for general public w.e.f
30.07.2018Interest rate for senior citizens w.e.f
30.07.20187 days to 45 days5.756.2546 days to 179 days6.256.75180 days to 210 days6.356.85211 days to less than 1 year6.46.91 year to less
deposit interest ratesGiven below are the latest FD interest rates paid by HDFC Bank on various maturities:The following HDFC Bank FD
days6.25%6.75%91 days - 6 months6.25%6.75%6 mnths 1 day- 6 mnths 3 days6.75%7.25%6 mnths 4 days6.75%7.25%6 mnths 5 days- 9 mnths6.75%7.25%9
mnths 1 day- 9 mnths 3 days7.00%7.50%9 mnths 4 days7.00%7.50%9 months 5 days - 9 months 15 days7.00%7.50%9 months 16 days7.00%7.50%9 months
17 days < 1 Year7.00%7.50%1 Year7.25%7.75%1 year 1 day - 1 year 3 days7.25%7.75%1 year 4 days7.25%7.75%1 year 5 days - 1 Year 15
deposit or FD interest rates of Jana Small Finance BankThe following FD interest rates of Jana SFB are effective from 18/07/2018 (subject to
change from time to time), according to janabank.com:PeriodInterest Rate (p.a.)7 days to 45 days6.00%46 days to 60 days6.50%61 days to 180
days7.00%181 days to 365 days8.00%366* days8.50%367 days to 3 years8.25%More than 3 years up to 5 years8.00%More than 5 years up to 10
years7.00%FD interest rates of Fincare Small Finance BankThe following FD interest rates are from fincarebank.com:TenureGENERAL PUBLICSENIOR
CITIZENS**7 days to 45 days4.00%4.50%46 days to 90 days4.00%4.50%91 days to 180 days6.00%6.50%181 days to 364 days7.00%7.50%12 months to 15
months8.00%8.50%15 months 1 day tole months8.25%8.75%18 months 1 day to 21 months8.50%9.00%21 months 1 day to 24 months8.75%9.25%24 months 1
day to 36 months9.00%9.50%3 years 1 day to 5 years8.00%8.50%5yearsl dayto7years7.00%7.50%FD interest rates of ESAF Small Finance BankThe
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 days5.65%6.15%1821 - 3652 days7.00%7.50%The post office fixed deposit scheme offers interest rates from 6.6 per cent to
