Huge Returns on Bank FDs: These Small Finance Banks Offer Top Interest Rates of Up to 8.10%

Small Finance Banks: Banks are currently offering excellent returns on Fixed Deposits (FDs). Several small finance banks are providing top interest rates of up to 8.10% on FDs. Here are the names of these banks.

Bank FD Rates: Due to the prevailing geopolitical situation and uncertainty in global markets, many investors are once again seeking safety and stability. The Russia-Ukraine conflict has heightened economic concerns worldwide. In this climate, Fixed Deposits (FDs) are attracting attention as they offer attractive interest rates without the volatility often seen in equity markets.

Which banks are offering the highest interest rates?

Regarding small finance banks, FD interest rates vary significantly based on the chosen tenure. For deposits with a tenure of one to two years, small finance banks are offering a maximum interest rate of 8.10%; following them, ESAF Small Finance Bank offers 7.75% and Suryoday Small Finance Bank offers 7.60%.

Jana Small Finance Bank is also competitive in its offerings, providing interest of around 7.30%, while Ujjivan Small Finance Bank and AU Small Finance Bank offer rates of 7.40% and 7.10%, respectively. Additionally, Equitas Small Finance Bank offers 6.90% interest for this tenure.

For deposits with a tenure of two to three years:

Suryoday Small Finance Bank leads the pack with an interest rate of 8.10%. It is followed by ESAF Small Finance Bank, which offers 7.75%, while both Jana Small Finance Bank and Utkarsh Small Finance Bank offer an interest rate of 7.50%. Equitas Small Finance Bank offers an interest rate of 7.40%, while AU Small Finance Bank and Ujjivan Small Finance Bank offer 7.25%.

How much money will you receive over a period of three to five years?

Once again, Suryoday Small Finance Bank is offering the highest return at 7.90%. This is followed by Jana Small Finance Bank at 7.77% and Ujjivan Small Finance Bank at 7.55%. Utkarsh Small Finance Bank offers 7.25%, AU Small Finance Bank and Equitas Small Finance Bank offer 7%, and ESAF Small Finance Bank offers 6%.