Fixed Deposit Interest rates

Compare These FD Interest Rates Before Depositing Into One

Fixed Deposit Interest rates

Source: hdfcbank.com

Reserve Bank of India is not looking very comfortable with the inflation numbers across food and fuel segments. Because there are fewer chances of changes being made in the monetary policy by Reserve Bank of India. Due to this, it is unlikely that interest rates will go down so for those who want to invest in fixed deposit there is nothing unusual to be taken care of.  There are many small finance banks that provide an interest rate of about 7 percent over the longer term of 5 to 7 years and the rates vary in the medium term tenure. FinanceShed brings a comparison of Fixed Deposit Interest Rates by small finance banks.

 

Ujjivan Small Finance Bank

Fixed Deposit Interest rates

Source: corporatenewsforu.files.wordpress.com

Ujjivan small finance bank provides three FD schemes to fulfill short term as well as long term needs of depositors. These schemes are Ujjivan SFB deposit scheme, Ujjivan SFB TASC, and Ujjivan SFB Tax saver FD scheme. This bank provides an additional facility of checking the maturity amount of the scheme by Ujjivan SFB Interest rate calculator. Here are interest rates offered by this bank for different tenure. This bank provides 0.50 percent additional interest to senior citizens.

 

Tenure Interest Rate (per annum)
(Under Rs. 1 crore)
7 Days to 29 Days 5.50%
30 Days to 89 Days 6.25%
90 Days to 179 Days 6.75%
180 Days to 364 Days 7.50%
1 Year to 2 Years 8.30%
2 Years to 734 Days 7.50%
735 Days 8.25%
736 Days to 798 Days 7.50%
799 Days 8.60%
800 Days to 3 Years 7.50%
3 Years to 5 Years 7.00%
5 Years to 10 Years 6.50%

 

AU Small Finance Bank

Fixed Deposit Interest rates

Source: cdn.dnaindia.com

AU small Finance Bank is one of the fastest growing banks with interest rates as high as 9.00% per annum. This bank is one of those banks that took permission from RBI for setting up a small finance bank in 2015 and is currently one of the highest interest rate providers in 2019.

Tenure Buckets General public Senior Citizens
7 Days to 1 Month 15 Days 5.50% 6.00%
1 Month 16 Days to 3 Months 6.75% 7.25%
3 Months to 6 Months 6.90% 7.40%
6 Months to 13 Months 7.00% 7.50%
13 Months to 18 Months 8.25% 8.75%
18 Months to 24 Months 8.25% 8.75%
24 Months to 36 Months 8.50% 9.00%
36 Months to 45 Months 7.75% 8.25%
45 Months to 60 Months 8.00% 8.50%
60 Months to 120 Months 7.25% 7.75%

 

ESAF Small Finance Bank

Fixed Deposit Interest rates

Source: businessfortnight.com

ESAF small finance bank, having its headquarters at Kerala, got its license in 2016. Since then it has grown to a great extent in such a small span. It provides various types of fixed deposits schemes with a certain amount of fixed deposit rates in order to cater to each and every type of investor.

Tenure of deposit Rate of Interest effective from March 1, 2019
  Normal Rate Rate for Senior Citizens
7 – 14 days 5.50% 6.00%
15 – 59 days 5.50% 6.00%
60 – 90 days 6.25% 6.75%
91 – 179 days 6.75% 7.25%
180 – 363 days 7.50% 8.00%
364 days 5.60% 6.10%
365 – 727 days 8.75% 9.25%
728 days 6.80% 7.30%
729 – 1091 days 8.00% 8.50%
1092 days 5.66% 6.16%
1093 – 1819 days 7.30% 7.80%
1820 days 5.65% 6.15%
1821 – 3652 days 7.30% 7.80%