Bank FD Rates: People can earn decent returns by investing in bank Fixed Deposits (FDs) without any hassle. If you are looking for a safe investment avenue, don’t delay. We are here to tell you about opportunities to earn good returns through bank FD schemes.
Many banks are offering attractive interest rates on FDs, ensuring a smooth investment experience. A key benefit is the annual interest payout on your investment. It is worth knowing which banks offer what rates, as this clarity will help resolve any confusion you might have.
Which banks are offering what interest rates?
Starting with Small Finance Banks, interest rates vary significantly based on the chosen tenure. For deposits with a tenure of one to two years, Small Finance Banks are offering rates as high as 8.10%; ESAF Small Finance Bank follows with 7.75%, and Suryoday Small Finance Bank offers 7.60%.
Jana Small Finance Bank is also competitive, offering interest rates up to approximately 7.30%. Meanwhile, Ujjivan Small Finance Bank and AU Small Finance Bank offer 7.40% and 7.10%, respectively. Additionally, Equitas Small Finance Bank offers an interest rate of 6.90% for this tenure.
Interest rates for two-to-three-year deposits
Suryoday Small Finance Bank leads the pack with an interest rate of 8.10%. It is followed by ESAF Small Finance Bank at 7.75%, while both Jana Small Finance Bank and Utkarsh Small Finance Bank offer 7.50%. Equitas Small Finance Bank offers 7.40%, while AU Small Finance Bank and Ujjivan Small Finance Bank both offer 7.25%. What returns are available for tenures of three to five years?
Suryoday Small Finance Bank is once again offering the highest return at 7.90 per cent. Following this, Jana Small Finance Bank offers 7.77 per cent, and Ujjivan Small Finance Bank offers 7.55 per cent. Utkarsh Small Finance Bank offers 7.25 per cent; AU Small Finance Bank and Equitas Small Finance Bank offer 7 per cent; and ESAF Small Finance Bank offers per cent.