INSUBCONTINENT EXCLUSIVE:
FD interest rate: Small finance banks pay an annual return of up to 9.5% on deposits below Rs 1 croreSmall finance banks - which are banks
aimed primarily at financial inclusion - pay interest rates in a range of 3.5-9.5 per cent on FDs or fixed deposits of up to Rs 1 crore
period, known as term or lock-in
Financial planners often suggest fixed deposit for investors with a low risk appetite.Equitas Small Finance BankMaturity period
Months7.75%8.25%36 Months 1 Day to 45 Months7.75%8.25%45 Months 1 Day to 60 Months8.00%8.50%60 Months 1 Day to 120 Months7.25%7.75%(Source:
days4.00%4.50%15 days to 45 days4.00%4.50%46 days to 90 days5.00%5.50%91 days to 180 days5.50%6.00%181 days to 240 days7.50%8.00%241 days to
less than 1 Year7.75%8.25%1 Year to 2 Years8.50%9.00%Above 2 Years to 3 Years8.75%9.25%950 Days*9.00%9.50%Above 3 Years to less than 5
Years8.00%8.50%5 Years8.25%8.75%Above 5 Years to 10 Years7.25%7.75%Source: suryodaybank.com)Jana Small Finance BankMaturity period
(term)Interest rate with effect from October 17, 20187 days to 45 days6.00%46 days to 60 days6.50%61 days to 180 days7.00%181 days to 365
days8.00%More than 1 year up to 2 years8.25%More than 2 years up to 3 years8.50%More than 3 years up to 5 years8.00%More than 5 years up to
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 day to 5 years8.00%8.50%5 years 1 day to 7 years7%7.50%(Source: fincarebank.com)ESAF Small Finance BankMaturity
days6.50%7.00%91 - 179 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%(Source: esafbank.com)Utkarsh Small
interest rates on FDs compared to their larger counterparts.
