Fixed Deposit: Banks That Are Paying Up to 7.5 % Interest Rate

Team BankBazaar
·1-min read
Photo by maitree rimthong from Pexels
Photo by maitree rimthong from Pexels

Fixed deposits are a popular investment option for many investors as they offer assured returns, high liquidity along with capital safety. Small finance banks usually offer fixed deposit interest rates higher than public, private or foreign banks. An investor may consider investing in FDs of small finance banks to earn higher returns after assessing the risk factors. If you’re planning to invest in an FD, here are the highest advertised rates by the small finance banks in India for non-senior citizen depositors.

Bank

<1 Year

>=1 to <=2

2 to <=3

3 to <=5

AU Small Finance Bank

5.5

6.6

6.75

6.5

Equitas Small Finance Bank

6.2

6.75

7

6.75

Fincare Small Finance Bank

5

6.3

6.5

6

Jana Small Finance Bank

6.5

7

7.5

7

Suryoday Small Finance Bank

6.5

6.75

7.15

7.5

Ujjivan Small Finance Bank

5.2

6.5

6.05

5.8

Disclaimer: Data as on respective banks’ websites on Nov 20, 2020. Interest rates are for normal fixed deposits amounting below Rs. 1 crore for tenures up to 5 years. Compiled by BankBazaar.com.

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