DCB Bank

DCB Bank has revised its FD interest rates for amounts less than Rs 2 crore. According to the DCB Bank website, the new rates are effective from May 22, 2024. The bank is offering the highest FD interest rate of 8 per cent to general customers and 8.55 per cent to senior citizens after the revision for the period of 19 months to 20 months.

IDFC FIRST Bank

IDFC First Bank has revised FD interest rates on amounts less than Rs 2 crore. The new rates are effective from May 15, 2024. After the change, the bank currently offers interest rates ranging from 3 per cent to 7.90 per cent for general citizens on deposits maturing in 7 days to 10 years. The bank offers 0.50 per cent additional interest to senior citizens. The bank offers interest rates ranging from 3.50 per cent to 8.40 per cent to senior citizens. The highest interest rate of 8 per cent is offered to general citizens and 8.40 per cent to senior citizens on a period of 500 days.

State Bank Of India

SBI has increased its FD interest rates on retail deposits (up to Rs 2 crore) and bulk deposits (above Rs 2 crore) for a certain period. According to the SBI website, the new FD rates are effective from May 15, 2024.

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Utkarsh Small Finance Bank

Utkarsh Small Finance Bank has revised its FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 1, 2024. After the revision, the bank is offering interest rates between 4 per cent to 8.50 per cent for general citizens while for senior citizens, the bank offers interest rates between 4.60 per cent to 9.10 per cent. The highest interest rate of 8.50 per cent is being offered to general citizens and 9.10 per cent to senior citizens for a period of 2 years to 3 years.

RBL Bank

RBL Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 1, 2024. RBL Bank offers the highest interest rate of 8 per cent on FDs maturing between 18 and 24 months. Senior citizens on the same FD tenure will earn an additional 0.50 per cent i.e. 8.50 per cent interest rate and super senior citizens (80 years and above) are eligible for an additional interest rate of 0.75 per cent i.e. 8.75 per cent.

Capital Small Finance Bank

Capital Small Finance Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 6, 2024. The bank is offering interest rates between 3.5 per cent to 7.55 per cent to general citizens. The bank is offering interest rates between 4 per cent to 8.05 per cent for senior citizens. The highest interest rate is being offered for a period of 400 days.

City Union Bank

City Union Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 6, 2024. The bank is offering interest rates between 5 per cent to 7.25 per cent for general citizens and 5 per cent to 7.75 per cent for senior citizens. The highest interest rate of 7.25 per cent to general citizens and 7.75 per cent to senior citizens is being offered for a period of 400 days.

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Whenever there is talk of savings, the name of fixed deposit (FD) definitely comes up. Your investment in fixed deposit is safe, and you also get guaranteed returns. If you also want to invest in FD then this is useful news for you.

In May 2024, many banks including Utkarsh Small Finance Bank, City Union Bank, RBL Bank and Capital Small Finance Bank revised their FD interest rates. Here is the list of revised FD rates in May.

Utkarsh Small Finance Bank
Utkarsh Small Finance Bank has revised its FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 1, 2024. After the amendment, the bank is providing interest rates between 4 percent to 8.50 percent for general citizens, while for senior citizens the bank is providing interest rates between 4.60 percent to 9.10 percent. The highest interest rate of 8.50 percent is being offered to general citizens and 9.10 percent to senior citizens for a tenure of 2 years to 3 years.

City Union Bank
City Union Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 6, 2024. The bank is offering interest rates between 5 percent to 7.25 percent for general citizens and between 5 percent to 7.75 percent for senior citizens. The highest interest rate of 7.25 percent is being offered to general citizens and 7.75 percent to senior citizens on a tenure of 400 days.

RBL Bank
RBL Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 1, 2024. RBL Bank offers the highest interest rate of 8 percent on FDs maturing between 18 to 24 months. On the same FD tenure, senior citizens will earn an additional interest rate of 0.50 percent i.e. 8.50 percent and super senior citizens (80 years and above) are eligible for an additional interest rate of 0.75 percent i.e. 8.75 percent.

Capital Small Finance Bank
Capital Small Finance Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 6, 2024. The bank is providing interest rates between 3.5 percent to 7.55 percent to common citizens. The bank is providing interest rates between 4 percent to 8.05 percent for senior citizens. The highest interest rate is being given on a period of 400 days.

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Whenever there is talk of savings, the name of fixed deposit (FD) definitely comes up. Your investment in fixed deposit is safe, and you also get guaranteed returns. If you also want to invest in FD then this is useful news for you.

In May 2024, many banks including Utkarsh Small Finance Bank, City Union Bank, RBL Bank and Capital Small Finance Bank revised their FD interest rates. Here is the list of revised FD rates in May.

Utkarsh Small Finance Bank
Utkarsh Small Finance Bank has revised its FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 1, 2024. After the amendment, the bank is providing interest rates between 4 percent to 8.50 percent for general citizens, while for senior citizens the bank is providing interest rates between 4.60 percent to 9.10 percent. The highest interest rate of 8.50 percent is being offered to general citizens and 9.10 percent to senior citizens for a tenure of 2 years to 3 years.

City Union Bank
City Union Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 6, 2024. The bank is offering interest rates between 5 percent to 7.25 percent for general citizens and between 5 percent to 7.75 percent for senior citizens. The highest interest rate of 7.25 percent is being offered to general citizens and 7.75 percent to senior citizens on a tenure of 400 days.

RBL Bank
RBL Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised FD interest rates are effective from May 1, 2024. RBL Bank offers the highest interest rate of 8 percent on FDs maturing between 18 to 24 months. On the same FD tenure, senior citizens will earn an additional interest rate of 0.50 percent i.e. 8.50 percent and super senior citizens (80 years and above) are eligible for an additional interest rate of 0.75 percent i.e. 8.75 percent.

Capital Small Finance Bank
Capital Small Finance Bank has revised FD interest rates for amounts less than Rs 2 crore. The revised rates are effective from May 6, 2024. The bank is providing interest rates between 3.5 percent to 7.55 percent to common citizens. The bank is offering interest rates between 4 percent to 8.05 percent for senior citizens. The highest interest rate is being given on a period of 400 days.

Highest FD Rates: Two banks give more interest on Fixed Deposit than PPF-Sukanya Samriddhi

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There was doubt about the stance of banks when once again there was no change in the repo rate by RBI . Consumers were wondering whether after this the banks will increase or reduce the interest rate? However, recently many banks have increased interest rates . There are still many banks that are offering interest rates of 9% and above on fixed deposits (FD) to senior citizens. Interest rates are available on FDs less than Rs 2 crore. Let us know about some such banks which are providing interest rate of more than 9% to senior citizens on FD.

Unity Small Finance Bank

Unity Small Finance Bank offers senior citizens an interest rate of 9.5% on FDs maturing in 1001 days.

Fincare Small Finance Bank

Fincare Small Finance Bank offers an interest rate of 9.21% to senior citizens on FDs maturing in 750 days.

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank offers an interest rate of 9.1% to senior citizens on FDs maturing between two to three years.

Equitas Small Finance Bank

Equitas Small Finance Bank offers 9% interest rate to senior citizens on FDs maturing in 444 days.

ESAF Small Finance Bank

ESAF Small Finance Bank offers 9% interest rate to senior citizens on FDs maturing between two to three years.

Jana Small Finance Bank

Jana Small Finance Bank offers an interest rate of 9% on FDs maturing between more than two years to less than three years.

Kotak Mahindra increased interest rates

Kotak Mahindra Bank has increased the interest rate on tenure of 3 years and above but less than 4 years by 50 bps to 7% from 6.50% and on tenure of 4 years and above but less than 5 years by 75 bps to 6.25%. From 7%. The bank offers interest rates between 2.75% to 7.25% to general citizens and 3.25% to 7.75% to senior citizens.

DCB Bank FD Rates

The bank has increased the interest rate for general citizens by 10 bps from 7.75% to 7.85% on tenure from 12 months 1 day to 12 months 10 days. For senior citizens, it has been increased from 8.25% to 8.35% over the same period.

ICICI and HDFC increased rates

The largest private sector banks, HDFC and ICICI Bank have given great news to the customers. Both banks have made changes in their interest rates on FD (Fixed Deposit). According to the bank, the lowest FD rate of 4.75% is offered for tenure between 7 days to 14 days and the highest FD rate of 7.25% is offered for tenure between 390 days to 15 months. At the same time, HDFC Bank has made changes in fixed deposit rates for amounts above Rs 5 crore, effective from December 5, 2023.

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The biggest power that senior citizens have is their savings, hence they look for ways of investment where they can get guaranteed and better returns. For most senior citizens, fixed deposit i.e. FD is an excellent means of investment. Generally, Small Finance Banks offer higher interest on FD as compared to big government and private banks. Here we are going to tell about some small finance banks which provide more than 9 percent interest rates on FD to senior citizens.

Equitas Small Finance Bank

Equitas Small Finance Bank offers FD interest rates ranging from 4 percent to 9 percent to general customers for periods between 7 days to 10 years. The highest interest rate of 9 percent is being offered on FD maturing in 444 days. Senior citizens get 0.50 per cent extra over the rates offered to general investors. These rates are applicable from August 21, 2023.

Fincare Small Finance Bank

Fincare Small Finance Bank is offering FD interest rates to senior citizens ranging from 3.60 percent to 9.21 percent for tenure between 7 days to 10 years. Highest interest rate of 9.21 percent on FD maturing in 750 days. Are being offered. These rates are applicable from October 28, 2023.

Jana Small Finance Bank

Jana Small Finance Bank is offering interest rates ranging from 3.50 percent to 9 percent to senior citizens for tenures between 7 days to 10 years. The highest interest rate of 9 percent is offered on FDs maturing in 365 days. These rates are applicable from January 2, 2024.

Suryoday Small Finance Bank

Suryoday Small Finance Bank is offering interest rates ranging from 4.50 percent to 9.10 percent to senior citizens for tenures between 7 days to 10 years. The highest interest rate of 9.10 percent is offered on FDs maturing in 2 years and 2 days. These rates are applicable from December 22, 2023.

Unity Small Finance Bank

is offering FD interest rates ranging from 4.50 percent to 9.50 percent to senior citizens for maturing periods between 7 days to 10 years. The highest interest rate of 9 percent is offered on FDs maturing in 1001 days. These rates are applicable from February 2, 2024.

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is offering interest rates ranging from 4.60 percent to 9.10 percent to senior citizens for a tenure between 7 days to 10 years. The highest interest rate of 9.10 percent is offered on FDs maturing between two years to three years. These are applicable from 21st August 2023.

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If you also want to keep money in FD, then it would be better to turn to small finance banks. For some time now, all banks have increased the interest rates on FD. Despite this, the interest rates in State Bank of India, Punjab National Bank and other big banks are low. Interest rates are much better in small finance banks. Let us know how much return is being received in which bank.

Keeping money in Fixed Deposit (FD) is considered very safe. Now, there is a government guarantee on the amount kept in banks up to Rs 5 lakh. Guarantee means that if the bank collapses, you will definitely get Rs 5 lakh. With this guarantee, FD in banks has been made even more effective.

AU small finance bank: If you deposit money in this bank for a period of 18 months, you will get interest at the rate of 8 percent. Since interest is earned on interest, the annual interest rate will be 8.24%.

Equitas Small Finance Bank: You can get 8.20 percent interest on FD for one year. You get 8 percent interest on deposits for 3 years, and up to 7.25 percent interest on keeping money in FD for 5 years.

Fincare Small Finance Bank: You can get interest up to 8.11 percent on making FD in this bank. This interest will be available on keeping the money for 3 years. 8 percent interest is being given for 5 years.

Jana Small Finance Bank: This bank offers 8.50 percent interest rate on keeping money for 1 year. If money is kept for 3 and 5 years, 7.25 percent interest will be given.

Suryoday Small Finance Bank: If you make FD in this bank for 3 years, you will get interest at the rate of 8.60 percent per annum. The interest will be 8.25 percent for 5 years.

Ujjivan Small Finance Bank: In this bank, 8.25 percent annual interest is offered on FD for 1 year. 7.20 percent interest is given for the period of 3 and 5 years.

Unity Small Finance Bank: If you keep money in Unity Small for 3 and 5 years, you will get 8.15 percent interest. If you keep the money only for one year, you will get interest at the rate of 7.85 percent.

Utkarsh Small Finance Bank: If you want to keep money in this bank for 3 years, you can get 8.50 percent annual interest, whereas for 1 year you will get 8 percent interest.

Let us tell you that this interest rate is till 19 February 2024. Banks can make changes in these at any time. Also note one tip that if you have to keep more than Rs 5 lakh in FD, then keep it in different banks. If any bank collapses under any circumstances, you can get back Rs 5 lakh kept in the bank.

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Shriram Transport Finance is offering 8.75 percent interest

On August 10 of this month, Shriram Transport Finance has increased its fixed deposit (FD) interest rates. Now Shriram Transport Finance is giving the highest interest of 8.25% to the general citizens while 8.75% to the senior citizens. The company is offering this interest on FDs made with maturity of 5 years. In addition, the company is paying 0.50 percent more interest to senior citizens than normal customers.

Utkarsh Small Finance Bank is offering up to 8.25% interest on FD

Utkarsh Small Finance Bank has also increased the interest rates on its fixed deposits with effect from August 12.The bank has increased the interest rates for tenors ranging from 700 days to 5 years on maturity up to 2 crores. The bank will now pay an interest of 7.50% to general citizens and 75 basis points more i.e. 8.25% to senior citizens. The bank also said that senior citizens will get an additional 75 basis points, or 0.75 per cent, of interest from a regular customer on any tenure.

Jana Small Finance Bank is offering 8.15% interest to senior citizens

Jana Small Finance Bank has subsequently increased the interest rates on fixed deposits (FD).The bank will now pay an interest of 7.35% for general citizens and 8.15% for senior citizens on FDs made for tenures ranging from 3 days to 5 years. Jana Small Finance Bank has also increased the interest rates on FDs for senior citizens by 80 basis points. The new increased rates of the bank are applicable from June 15.

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Senior citizens can earn the benefit of higher interest on FDs maturing in 7 days to 10 years. Even if there is no desire to invest for a long time, then even two years FD is earning well. There are 5 banks that are giving interest from 7.50 percent to 8.25 percent on FD to senior citizens.

1- Utkarsh Small Finance Bank

Utkarsh Small Finance Bank has changed the FD rate on August 12, 2022. The new rates are applicable for new FD and old FD. This bank runs FDs of 2 years or 730 days for senior citizens and 8.25 percent interest is being given on it. The benefit of 7.50 percent interest is being given to the general public on FD and 8.25% to senior citizens.

2-Jan Small Finance Bank

The new FD rates of Jana Small Finance Bank are applicable from June 15, 2022. The benefit of the new rates is being given on deposits of less than 2 crores. Jana Small Finance Bank is offering interest at the rate of 8.05 percent to senior citizens. 8.05 percent interest is being given to senior citizen customers on FDs maturing in 1 to 2 years.

3-bandhan bank

The FD rate of Bandhan Bank has been changed with effect from August 22, 2022. The benefit of new rates is being given on retail accounts of less than Rs 2 crore. Bandhan Bank is giving 7.50 percent interest to senior citizens on FDs maturing in more than 18 months but less than 2 years. The same rate is also being given on FDs with tenures ranging from 2 years to 3 years and 3 years to more than 5 years.

4-IndusInd Bank

The FD rate of IndusInd Bank is effective from August 12, 2022. 7.50 percent interest is being given to senior citizens on FDs of less than 2 crores and FDs maturing in less than 2 years from 1 year 7 months. The same rate is also being given on FDs from 2 years 6 months to 2 years 9 months, FDs of 2 years 9 months to less than 3 years, FDs of less than 3 years to 61 months, FDs of more than 61 months.

5-Yes Bank

The interest rates for Yes Bank FD are effective from August 10, 2022. A minimum deposit of Rs 10,000 is mandatory to open an FD in Yes Bank, and reinvestment is allowed for a minimum tenure of 6 months and 1 day. Yes Bank has promised an interest rate of 7.50% to senior citizens on FDs maturing in 18 months to less than 3 years.

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Shriram Transport Finance is offering 8.75 percent interest

On August 10 of this month, Shriram Transport Finance has increased its fixed deposit (FD) interest rates. Now Shriram Transport Finance is giving the highest interest of 8.25% to the general citizens while 8.75% to the senior citizens. The company is offering this interest on FDs made with maturity of 5 years. In addition, the company is paying 0.50 percent more interest to senior citizens than normal customers.

Utkarsh Small Finance Bank is offering up to 8.25% interest on FD

Utkarsh Small Finance Bank has also increased the interest rates on its fixed deposits with effect from August 12.The bank has increased the interest rates for tenors ranging from 700 days to 5 years on maturity up to 2 crores. The bank will now pay an interest of 7.50% to general citizens and 75 basis points more i.e. 8.25% to senior citizens. The bank also said that senior citizens will get an additional 75 basis points, or 0.75 per cent, of interest from a regular customer on any tenure.

Jana Small Finance Bank is offering 8.15% interest to senior citizens

Jana Small Finance Bank has subsequently increased the interest rates on fixed deposits (FD).The bank will now pay an interest of 7.35% for general citizens and 8.15% for senior citizens on FDs made for tenures ranging from 3 days to 5 years. Jana Small Finance Bank has also increased the interest rates on FDs for senior citizens by 80 basis points. The new increased rates of the bank are applicable from June 15.

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In such a situation, the Reserve Bank of India had announced a hike in prime lending rates in June, which prompted banks to increase FD interest rates. Now that some lenders are offering higher interest rates for senior citizens on certain tenures, let us know which banks are offering higher interest rates on FDs to senior citizens.

Ujjivan Small Finance Bank

It is offering interest rates of up to 7.30 per cent for small finance lenders with tenures as low as 18 months and one day in 24 months. At the same time, for 15 months one day to 18 months is 7.70 percent. USFB offers the highest interest rate of 7.20 per cent for tenures ranging from 24 months one day to 989 days. At the same time, it offers an interest rate of 7.80 percent for a tenor of 24 months. Apart from this, the interest rate for 990 days and 42 months from 1 day to 60 months is 7.40 percent.

Utkarsh Small Finance Bank

The highest interest rate offered by the lender is 7.75 per cent for a tenure of 700 to 1000 days. It offers 7.40 per cent for tenures ranging from 365 to 699 days and 7.25 per cent for tenures ranging from 1001 to 5 years.

Suryodaya Small Finance Banks

The bank offers the highest interest rate of 7.99 per cent for a tenure of 999 days. Offers an interest rate of 7.50 per cent on tenures ranging from 2 years to 998 days and 1000 days to 3 years. The bank offers an interest rate of 7.25 per cent for a tenure of 5 years.

ESAF Small Finance Bank

The bank offers the highest interest rate of 7.75 per cent for a tenure of two to three years. The bank offers an interest rate of 7.10 percent on tenors ranging from 1 year 1 day to less than 2 years.

Fincare Small Finance Bank

The highest rate of interest offered by Fincare Small Finance Bank is 7.50 percent for 59 months to 66 months and 36 months 1 day to 42 months. It offers an interest rate of 7.25 per cent over a period of 42 to 59 months.

Equitas Small Finance Bank

This bank offers the highest interest rate of 7.50 per cent for a tenure of 888 days. It offers 7.40 percent interest on tenors ranging from 889 days to 3 years. The bank offers an interest rate of 7.10 per cent for tenures ranging from one year to 18 months.

AU Small Finance Bank

This Jaipur based lender offers the highest interest rate of 7.40 per cent for tenures of 24 to 45 months and 60 to 120 months. It offers 7.10 percent on tenures ranging from 12 months and 1 day to 15 months.

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Due to this, the attraction of people towards FD has increased again. However, most of the government and private banks are still not offering inflation-beating returns on FDs. Retail inflation declined marginally to 7.01 per cent in June. When you invest in an FD, it is better that you get returns above the inflation rate. Today we will tell you about some such FDs of Small Finance Banks, which are offering inflation-beating returns.

Ujjivan Small Finance Bank

This bank is currently offering 7.20 per cent return on FDs of less than Rs 2 crore from general customers. This return is on FDs of 2 maturity periods. 990 days on FDs and 42 months on single day to 60 months FDs. At the same time, the bank is offering 0.50 percent higher interest rate to senior citizens. The bank last changed its interest rates on June 13, 2022.

Jana Small Finance Bank

This small finance bank is offering high interest rate on FD ranging from 7.25 to 7.35 to the general citizens. At the same time, 8.05 percent to 8.15 percent interest rate is being offered on FDs from senior citizens. General and senior citizens can get this bumper return on FDs ranging from one year to 5 years.

ESAF Small Finance Bank

This bank is offering 7.25 percent return on FD to the general citizens. At the same time, 7.75 percent interest rate is being offered to senior citizens. This interest rate is being offered on FDs with tenures ranging from 2 years to less than three years.

Suryoday Small Finance Bank

This small finance bank is currently offering 7.49 percent interest rate to the customers. At the same time, 7.99 percent interest rate is being offered from senior citizens. This interest rate is being offered to customers on 999 days FD.

Utkarsh Small Finance Bank

This small finance bank is currently offering 7.25 percent interest rate on FDs of 700 to 1000 days. At the same time, 7.75 per cent return is being offered to senior citizens on FDs of this period.

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