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  • Fixed Deposit BYTES FROM OUR KITCHEN

    Small Finance Bank FD Rates

    When it comes to investing, Fixed Deposits (FDs) or Term Deposits are a favourite among the masses. This is because the risk involved is zero as compared to other modes of investment. The fact that you can avail the interest at regular intervals or on the date of maturity makes it all the more lucrative. While most banks operating in the country offer attractive interest rates for investing in FDs, small finance banks tend to offer higher interest rates on FD .

    Fixed deposit offered by small finance banks

    Most small finance banks offer fixed deposit accounts for its customers. The interest offered by these banks are competitive and at par with the bigger banks. Apart from this, there is a wide range of tenure options offered as well.

    There are as many as 10 small finance banks that operate in the country. They are:

    • Ujjivan Small Finance Bank
    • Jana Small Finance Bank
    • Equitas Small Finance Bank
    • AU Small Finance Bank
    • Capital Small Finance Bank
    • Fincare Small Finance Bank
    • ESAF Small Finance Bank
    • North East Small Finance Bank
    • Suryoday Small Finance Bank
    • Utkarsh Small Finance Bank

    Fixed Deposit Interest Rates Offered By Top Small Finance Banks

    Listed below are the interest rates offered to the general public and senior citizens for investing in FDs depending on the tenure by various small finance banks.

    FD rates offered on various tenures for deposits up to Rs.2 crore by Ujjivan Small Finance Bank

    Tenure Interest rate p.a. (Senior citizens) Interest rate p.a. (General Public)

    7 days to 29 days

    6%

    5.50%

    30 days to 89 days

    6.75%

    6.25%

    90 days to 179 days

    7.25%

    6.75%

    180 days to 364 days

    8%

    7.50%

    1 year to 2 years

    8.80%

    8.30%

    2 years 1 day to 734 days

    8%

    7.50%

    735 days

    8.75%

    8.25%

    736 days to 798 days

    8%

    7.50%

    799 days

    9.10%

    8.60%

    800 days to 3 years

    8%

    7.50%

    3 years 1 day to 5 years

    7.50%

    7%

    5 years 1 day to 10 years

    7%

    6.50%

    Note: The rates are effective as of 27 February 2019

    FD rates offered on various tenures for deposits up to Rs.2 crore by Jana Small Finance Bank

    Tenure Interest rate p.a. (Senior citizens) Interest rate p.a. (General Public)

    7 days to 45 days

    6.60%

    6%

    46 days to 60 days

    7.10%

    6.50%

    61 days to 180 days

    7.60%

    7%

    181 days to 1 year

    9.10%

    8.50%

    1 year 1 day to 2 years

    9.10%

    8.50%

    2 years 1 day up to 3 years

    9.10%

    8.50%

    3 years

    9.60%

    9%

    3 years 1 day to 5 years

    9.10%

    8.50%

    5 years 1 day to 10 years

    7.60%

    7%

    Note: The rates offered to the general public are effective as of 14 December 2018 while the rates offered to senior citizens are effective as of 30 January 2019.

    FD rates offered on various tenures for deposits up to Rs.2 crore by Equitas Small Finance Bank

    Tenure Interest rate p.a. (Senior citizens) Interest rate p.a. (General Public)

    7 days to 14 days

    5.75%

    5%

    15 days to 29 days

    6.25%

    5.50%

    30 days to 45 days

    6.75%

    6%

    46 days to 62 days

    7%

    6.25%

    63 days to 90 days

    7%

    6.25%

    91 days to 120 days

    7.25%

    6.50%

    121 days to 180 days

    7.25%

    6.50%

    181 days to 210 days

    7.50%

    6.75%

    211 days to 270 days

    7.50%

    6.75%

    271 days to up to a year

    8.25%

    7.50%

    12 months to 18 months

    8.95%

    8.20%

    18 months 1 day to 2 years

    9.15%

    8.40%

    2 years 1 day to 3 years

    9.30%

    8.55%

    3 years 1 day to 4 years

    7.75%

    7%

    4 years 1 day to 5 years

    7.75%

    7%

    5 years 1 day to 10 years

    7.75%

    7%

    Note: The rates offered are effective as of 16 April 2019.

    FD rates offered on various tenures for deposits up to Rs.2 crore by AU Small Finance Bank

    Tenure Interest rate for senior citizens (p.a.) Interest rate for general public (p.a.)

    7 days to 1 month 15 days

    6%

    5.50%

    1 month 16 days to 3 months

    7.25%

    6.75%

    3 months 1 day to 6 months

    7.40%

    6.90%

    6 months to 13 months

    7.51%

    7.01%

    13 months 1 day to 18 months

    8.13%

    7.63%

    18 months 1 day to 2 years

    8.37%

    7.87%

    2 years 1 day to 3 years

    8.60%

    8.10%

    3 years 1 day to 3 years 9 months

    8.03%

    7.53%

    3 years 9 months 1 day to 5 years

    8.27%

    7.77%

    5 years 1 day to 10 years

    7.80%

    7.30%

    Note: The rates offered are effective as of 15 April 2019.

    FD rates offered on various tenures for deposits up to Rs.2 crore by Capital Small Finance Bank

    Tenure Interest rate p.a. (Senior citizens) Interest rate p.a. (General Public)

    15 days to 30 days

    5.90%

    5.40%

    31 days to 45 days

    6.25%

    5.75%

    46 days to 89 days

    6.75%

    6.25%

    90 days to 179 days

    7.15%

    6.65%

    180 days to up to a year

    7.50%

    7%

    1 year to 5 years

    8.15%

    7.65%

    5 years to 10 years

    8%

    7.50%

    400 days

    8.35%

    7.85%

    900 days

    8.20%

    7.70%

    Note: The rates offered are effective as of 29 April 2019.

    FD rates offered on various tenures for deposits up to Rs.2 crore by Fincare Small Finance Bank

    Tenure Interest rate p.a. (Senior citizens) Interest rate p.a. (General Public)

    7 days to 45 days

    4.50%

    4%

    46 days to 90 days

    4.50%

    4%

    91 days to 180 days

    6.50%

    6%

    181 days to 364 days

    7.50%

    7%

    1 year to 1 year 3 months

    8.50%

    8%

    1 year 3 months 1 day to 18 months

    8.75%

    8.25%

    18 months 1 day to 21 months

    9%

    8.50%

    21 months 1 day to 2 years

    9.25%

    8.75%

    2 years 1 day to 3 years

    9.50%

    9%

    3 years 1 day to 5 years

    8.50%

    8%

    5 years 1 day to 7 years

    7.50%

    7%

    Note: The interest rates are subject to change as per the discretion of Fincare Small Finance Bank.

    FD rates offered on various tenures for deposits up to Rs.2 crore by ESAF Small Finance Bank

    Tenure Interest rate p.a. (Senior citizens) Interest rate p.a. (General Public)

    7 days to 15 days

    6%

    5.50%

    15 days to 59 days

    6%

    5.50%

    60 days to 90 days

    6.75%

    6.25%

    91 days to 179 days

    7.25%

    6.75%

    180 days to 363 days

    8%

    7.50%

    364 days

    6.10%

    5.60%

    365 days to 727 days

    9.25%

    8.75%

    728 days

    7.30%

    6.80%

    729 days to 1091 days

    8.50%

    8%

    1092 days

    6.16%

    5.66%

    1093 days to 1819 days

    7.80%

    7.30%

    1820 days

    6.15%

    5.65%

    1821 days to 3652 days

    7.80%

    7.30%

    Note: The rates offered are effective 1 March 2019.

    FD rates offered on various tenures for deposits up to Rs.1 crore by North East Small Finance Bank

    Tenure Interest rate p.a. (Senior citizens) Interest rate p.a. (General Public)

    7 days to 14 days

    6.50%

    6%

    15 days to 29 days

    7%

    6.50%

    30 days to 45 days

    7.25%

    6.75%

    46 days to 90 days

    7.50%

    7%

    91 days to 180 days

    7.75%

    7.25%

    181 days to 364 days

    8%

    7.50%

    1 year to up to 2 years

    9%

    8.50%

    2 years to up to 3 years

    8.50%

    8%

    3 years to up to 5 years

    7.75%

    7.25%

    5 years to up to 10 years

    7.25%

    6.75%

    Note: North East Small finance bank is offering the abovetomentioned interest rates as of 10 May 2019. It can be revised at the discretion of the bank.

    FD rates offered on various tenures for deposits up to Rs.2 crore by Suryoday Small Finance Bank

    Tenure Interest rate p.a. (Senior citizens) Interest rate p.a. (General Public)

    7 days to 14 days

    4.50%

    4%

    15 days to 45 days

    4.50%

    4%

    46 days to 90 days

    5.50%

    5%

    91 days to 180 days

    6%

    5.50%

    181 days to 240 days

    8%

    7.50%

    241 days to up to 1 year

    8.25%

    7.75%

    1 year to 2 years

    9%

    8.50%

    2 years 1 day to 3 years

    9.25%

    8.75%

    950 days

    9.50%

    9%

    3 years 1 day to up to 5 years

    8.50%

    8%

    5 years

    8.75%

    8.25%

    5 years 1 day to 10 years

    7.75%

    7.25%

    Note: The interest rates are effective as of 25 February 2019.

    FD rates offered on various tenures for deposits up to Rs.2 crore by Utkarsh Small Finance Bank

    Tenure Interest rate p.a. (Senior citizens) Interest rate p.a. (General Public)

    7 days to 15 days

    5.50%

    5%

    16 days to 28 days

    29 days to 45 days

    46 days to 90 days

    6.25%

    5.75%

    91 days to 120 days

    7.50%

    7%

    121 days to 180 days

    181 days to 210 days

    7.75%

    7.25%

    211 days to 270 days

    271 days to up to 1 year

    8%

    7.50%

    1 year to 455 days

    9%

    8.50%

    456 days to up to 2 years

    9.50%

    9%

    2 years 1 day to up to 3 years

    8.35%

    7.85%

    3 years 1 day to up to 5 years

    7.50%

    7%

    5 years

    8.50%

    8%

    5 years 1 day to 10 years

    7.50%

    7%

    Note: The interest rates are effective as of 28 February 2019.

    FAQs on Small Finance Bank FD rates

    1. Do all Small Finance Banks offer 0.50% more interest to senior citizens for opening an FD?

    2. While most banks offer 0.50% more interest to the senior citizens for opening an FD, there are other banks as well who offer more than 0.50% interest.
    3. Which Small Finance Bank offers the highest interest rate to senior citizens?

    4. Jana Small Finance bank offers the highest interest rate to senior citizens. The bank offers an interest of 9.60% p.a. for an FD account opened for 3 years.
    5. What are the minimum and maximum tenure for which an FD can be opened?

    6. The minimum and maximum tenure for which an FD can be opened is 7 days and 10 years, respectively.
    7. Can a term deposit be opened with Rs.1,000?

    8. Yes, you can open a term deposit with Rs.1,000.
    9. Do Small Finance Banks offer special FD tenures?

    10. Yes, special FD tenures are offered by Small Finance Banks.

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