Fixed Deposits: The majority of people start by investing in fixed deposits (FDs), as this is the most solid alternative for rewards. Interest in FD is stronger now than it was two years ago. Here, we’ll inform you about those FDs where the average investor receives an interest rate greater than 8%. The majority of the nation’s small finance banks give FD interest rates greater than 8%.
AU Small Finance Bank
Ordinary persons can apply for FDs from AU Small Finance Bank with terms ranging from seven days to ten years. There is a range of 3.75% to 8% interest on this. FDs maturing in 18 months are eligible for a maximum interest rate of 8%. These prices will be in effect as of January 24, 2024.
Equitas Small Finance Bank
The Equitas Small Finance Bank offers regular citizens term deposits (FDs) ranging from seven days to ten years. This has an interest rate ranging from 3.5% to 8.50%. The maximum interest rate for FDs maturing in 444 days is 8.50%. These prices will be in effect as of August 21, 2023.
ESAF Small Finance Bank
For FDs of seven days to ten years, the ESAF Small Finance Bank offers interest rates to regular residents ranging from 4% to 8.25%. If the FD is for two years or less, the maximum interest rate is 8.25%. The interest rates for FDs are effective as of January 1, 2024.
Fincare Small Finance Bank
Fincare Small Finance Bank provides interest rates to the general public for terms varying from seven days to ten years, with rates ranging from 3% to 8.61%. 8.61% is the highest interest rate that is currently offered on FDs maturing in 750 days. These prices will be in effect as of October 28, 2023.
Jana Small Finance Bank
Common individuals can invest in fixed-rate notes (FDs) at Jana Small Finance Bank for terms ranging from seven days to ten years, with interest rates ranging from 3% to 8.50%. FDs that mature in 365 days are eligible for a maximum interest rate of 8.50%. The FD rates listed below will take effect on January 2, 2024.
Suryoday Small Finance Bank
Common individuals can get 4% to 8.65% interest on FDs with terms ranging from seven days to ten years from Suryoday Small Finance Bank. The maximum interest rate on FDs maturing in two years and two days is 8.65%. These prices will be in effect starting on December 22, 2023.
Ujjivan Small Finance Bank
General individuals can take advantage of interest rates ranging from 3.75% to 8.25% at Ujjivan Small Finance Bank for terms ranging from seven days to ten years. On FDs maturing in 560 days, it is offering a maximum interest rate of 8.25%. These prices will be in effect as of June 1, 2023.
