INSUBCONTINENT EXCLUSIVE:
Small finance banks pay interest rates in a range of 4-9.5% in fixed deposit (FD) accountsSmall finance banks often pay higher interest
rates on fixed deposits than their larger peers
term deposits - or fixed deposits (FDs) - of below Rs 1 crore across different maturities, small finance banks pay interest rates in a range
small business units, and micro and small industries in the unorganised sector through low-cost operations, according to the Reserve Bank of
India (RBI).Here's a comparison of interest rates paid by small finance banks such as Jana Small Finance Bank, Fincare Small Finance Bank,
ESAF Small Finance Bank Equitas Small Finance Bank and Utkarsh Small Finance Bank on fixed deposits of up to Rs 1 crore in different
maturity periods:Jana Small Finance BankHere are interest rates paid by Jana SFB on regular fixed deposits with effect from September 8,
according to its website - janabank.com:TermInterest rate7 days to 45 days6.00%46 days to 60 days6.50%61 days to 180 days7.00%181 days to
365 days8.00%366* days8.25%367 days to 3 years8.50%More than 3 years up to 5 years8.00%More than 5 years up to 10 years7.00%Fincare Small
fincarebank.com:TermInterest rate for general publicInterest rate for senior citizen7 days to 45 days4.00%4.50%46 days to 90
days4.00%4.50%91 days to 180 days6.00%6.50%181 days to 364 days7.00%7.50%12 months to 15 months8.00%8.50%15 months 1 day to 18
months8.25%8.75%18 months 1 day to 21 months8.50%9.00%21 months 1 day to 24 months8.75%9.25%24 months 1 day to 36 months9.00%9.50%3 years 1
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 - 1,091 days8.00%8.50%1,092
days5.66%6.16%1,093 - 1,819 days7.00%7.50%1,820 days5.65%6.15%1,821 - 3,652 days7.00%7.50%Equitas Small Finance BankEquitas Small Finance
Bank pays the following interest rates on fixed deposits with effect from July 5, according to the bank's website -
equitasbank.com:TermInterest rate7 - 14 days5.00%15 - 29 days5.50%30 - 45 days6.00%46 - 62 days6.25%63 - 90 days6.25%91- 120 days6.50%121-
180 days6.50%181 - 210 days6.75%211- 270 days6.75%271- 364 days7.50%1 year to 18 months8.00%18 months 1 day to 2 years7.75%2 years 1 day to
3 years7.75%3 years 1 day to 4 years7.00%4 years 1 day to 5 years7.00%5 years 1 day to 10 years7.00%Utkarsh Small Finance BankUtkarsh Small
Finance Bank pays the following interest rates on fixed deposits with effect from March 14, according to its website -
utkarsh.bank:TermInterest rateGeneral publicSenior citizen7 Days to 15 Days3.50%4.00%16 Days to 28 Days3.50%4.00%29 Days to 45
Days4.00%4.50%46 Days to 90 Days4.50%5.00%91 Days to 120 Days5.00%5.50%121 Days to 179 Days5.50%6.00%180 Days to 210 Days6.00%6.50%211 Days
to 270 Days7.00%7.50%271 Days to Less than 1 Year7.50%8.00%1 Year to 455 Days8.25%8.75%456 Days to Less than 2 Years8.50%9.00%2 Years to
Less than 3 Years7.85%8.35%3 Years to Less than 5 Years7.00%7.50%5 Years8.00%8.50%More than 5 Years to 10 Years7.00%7.50%Fixed deposits or
