INSUBCONTINENT EXCLUSIVE:
The interest rate offered by ESAF finance bank ranges between 5.75% and 8%
As the fixed deposit (FD)
interest rates offered by State Bank of India (SBI) and other mainstream banking corporations hover around 6.4% (for one-year deposits),
there are small finance banks such as ESAF Small Finance Bank that continue to offer a rate which is as high as 8.75% to an average investor
To this, one can add 50 basis points if the investor happens to be a senior citizen
Fixed Deposits (FDs) By SBI, ICICI Bank, HDFC Bank ExplainedThe State Bank of India (SBI) offers interest on the FD at a rate of 6.4%, lower
than the small finance banks by at least 75 basis points and a maximum of 235 basis points.AU Small Finance Bank: The interest rates offered
by AU Small Finance Bank are in the range of 5.5% to 7.40% depending on the duration for which you make the fixed deposit (FD)
One year long fixed deposit (upto 18 months) fetches an interest of 7.15%.TENURE BUCKETSInterest Rate / Card Rate p.a
(%)Senior Citizen Interest Rate p.a
Months7.00%7.50%12 Months 1 Day to 18 Months7.15%7.65%18 Months 1 Day to 24 Months7.15%7.65%24 Months 1 Day to 36 Months7.25%7.75%36 Months
1 Day to 45 Months7.30%7.80%45 Months 1 Day to 60 Months7.40%7.90%Above 60 Months*7.25%7.75%Utkarsh Small Finance Bank: The interest rates
offered by Utkarsh range between 3.5% to 8.5% depending on the duration for which you make the fixed deposit
The one-year long deposit (upto 455 days) fetches an interest of 8.25% and slightly longer deposit (upto a period of 2 years) offers an
interest of 8.5% per annum
finance bank ranges between 5.75% and 8%, depending on the duration for which the money is parked with the bank
A one-year duration deposit (upto 727 days) offers an interest at the rate of 8.75%, while the interest rate offering declines as the
For instance, a deposit made for 728 days fetches an interest at the rate of 6.8%.Retail Term Deposit (Less than INR 1 Cr)Rate of Interest
days6.75%7.25%180 - 363 days7.50%8.00%364 days5.60%6.10%365 - 727 days8.75%9.25%728 days6.80%7.30%729 - 1091 days8.00%8.50%1092
days5.66%6.16%1093 - 1819 days7.00%7.50%1820 days5.65%6.15%1821 - 3652 days7.00%7.50%The above interest rates are meant for retail customers
