INSUBCONTINENT EXCLUSIVE:
Since small finance banks need more customers, their FD interest rates are higher than larger lenders.Fixed deposits of small finance banks
offer higher interest rates than larger peers like State Bank of India (SBI), HDFC Bank and ICICI Bank, all of which recently hiked their FD
Small finance banks cater to niche customers, especially focussing on extending banking facilities to the under-banked customers
Since these banks are new and need more customers, interest rates on their deposit schemes are much higher than larger lenders, say experts
Consider this: on a one-year fixed deposit, while SBI offers FD interest rate of 6.7 per cent, HDFC Bank 7.25 per cent and ICICI Bank 6.75
Suryoday Small Finance Bank 8.5 per cent and North East Small Finance Bank 8.5 per cent.Given below are the fixed deposit or FD interest
rates offered by Suryoday Small Finance Bank, Utkarsh Small Finance Bank, Jana Small Finance Bank, Equitas Small Finance Bank, and North
East Small Finance Bank:FD interest rates offered by Suryoday Small Finance BankThe following FD interest rates are for deposits below Rs 1
days5.00%5.00%91 days to 180 days5.50%5.75%181 days to 240 days7.50%7.75%241 days to 364 days7.75%8.00%12 months to 24 months8.50%8.75%gt;24
rates offered by Utkarsh Small Finance BankThe following FD interest rates are for deposits below Rs 1 crore from utkarsh.bank:TenureRate of
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 Days8.25%8.75%456 Days to Less than 2 Years8.50%9.00%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 Years7.00%7.50%FD interest rates offered by Equitas Small
Finance BankFixed deposit Interest rates for Domestic/NRE/NRO (for INR) with effect from July 5, 2018 according to
days6.50%181 - 210 days6.75%211- 270 days6.75%271- 364 days7.50%1 year to 18 months8.00%18 months 1 day to 2 years7.75%2 years 1 day to 3
Finance BankThe following FD interest rates of Jana SFB are effective from July 18, 2018, 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
BankThe following interest rates are from nesfb.com, the official website of the bank:Post offices also offer fixed deposits, the interest
