Which small finance bank gives highest interest on fixed deposits?
Currently, Unity Small Finance Bank is giving the highest interest rate of 9.50 per cent on fixed deposits to senior citizens.
Shivalik Small Finance Bank has hiked fixed deposit interest rates to as high as 8.10 per cent for 1 year to 18 months tenure. Senior citizens will get an additional of 0.50 per cent i.e. 8.60 per cent on this FD. But is the interest rate of 8.60 per cent highest interest rate that any of the small finance banks currently provide in the country to senior citizens? Senior citizens can currently get highest of 9.50 per cent interest if they open an FD of 1,001 days with Unity Small Finance Bank. General citizens will get 9.00 per cent interest on this FD. This is also the highest interest rate that any small finance bank currently gives to general citizens.
Let’s see the highest interest rates that you can get by opening an FD with any of the small finance banks in the country:
Highest RoI being currently given by Small Finance Banks on FDs:
| Bank | RoI (in %) General Citizens | RoI (in %) Senior Citizens | Tenure |
| Shivalik Small Finance Bank | 8.10 | 8.60 | 1 year to 18 months |
| Unity Small Finance Bank | 9.00 | 9.50 | 1001 days |
| Suryoday Small Finance Bank | 8.60 | 9.10 | >2 years – 3 years |
| Fincare Small Finance Bank | 8.61 | 9.21 | 750 days |
| Jana Small Finance Bank | 8.50 | 9.00 | >2 years – 3 years (1095 days) |
| Equitas Small Finance Bank | 8.50 | 9.00 | 444 days |
| North East Small Finance Bank | 8.50 | 9.25 | 555 days |
| ESAF Small Finance Bank | 8.50 | 9.25 | 2 years < 3 years |
| Utkarsh Small Finnace Bank | 8.50 | 9.10 | 2 years – 3 years |
| Ujjivan Small Finance Bank | 8.25 | 8.75 | 1 year |
| AU Small Finnace Bank | 8.00 | 8.50 | 2 yrs 1 day to 3 years |
| Capital Small Finnace Bank | 7.50 | 8.00 | 1 year |
Whereas, Fincare Small Finance Bank is giving as high as 8.61 per cent interest rate on FDs of 750 days. While, senior citizens will get 0.60 per cent additional rate on this FD. Elderly will get 9.21 per cent on this FD.
Suryoday Small Finance Bank gives as high as 8.60 per cent interest rate on FDs of tenure of above 2 years to 3 years. Senior citizens on the other hand will get 0.50 per cent more on this FD. They will get 9.10 per cent interest rate.
Jana Small Finance Bank is giving 8.50 per cent interest rate on FDs of 1095 days. While, Equitas Small Finance Bank is also giving as high as 8.50 per cent rate on FDs of 444 days tenure. Senior citizens will get 9.00 interest on both these FDs.
Another small finance bank, the North East SFB is giving 8.50 per cent interest rate on FDs of 555 days. Senior citizens will get an impressive 0.75 per cent additional rate on this FD. Elderly will get 9.25 per cent interest.
Utkarsh Small Finance Bank is also giving interest rate of as high as 8.50 per cent on FDs of 2 years to 3 years. Senior citizens get 0.60 per cent additional rate on this FD.
On the other hand, Ujjivan Small Finance Bank is giving as high as 8.25 per cent interest on FDs of 1 year. Elderly will get 8.75 per cent interest on this FD.
Whereas, AU Small Finance Bank is giving highest of 8.00 per cent on FDs of 2 years 1 day to 3 years. Plus, senior citizens will get 0.50 per cent additional rates
Capital Small Finance Bank is giving only 7.50 per cent highest interest on FDs. This FD is of 1 year. Elderly will get 8 per cent on this particular FD.