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Unity SFB is giving 9 per cent interest rate on FDs of 1001 days. (Photo Credit: pixabay)

Suryoday Small Finance Bank has increased interest rates on fixed deposits. The SFB will now give 8.60 per cent interest rate on FDs of tenure of above 2 years to 3 years. Senior citizens on the other hand will get 0.50 per cent more on this FD. They will get 9.10 per cent interest rate. Interest rate of 8.60 per cent interest rate is the second highest rate any small finance bank is currently giving to general citizens in the country.

Let’s see the highest interest rate that depositors can get by opening an FD with any of the small finance banks in the country:

Highest RoI being currently given by Small Finance Banks on FDs:

Currently, the highest interest rate that citizens can get by opening a fixed deposit with any small finance bank in the country is 9 per cent. Unity SFB is giving 9 per cent interest rate on FDs of 1001 days. Currently, this is the highest rate that the citizens can get by opening an FD with the any small finance bank in the country. Senior citizens will get 9.50 per cent on this FD as the lender gives 0.50 per cent additional rate to the elderly.

After interest rate of 8.60 per cent, next highest interest rate given by any small finance bank on FDs is 8.50 per cent. Jana Small Finance Bank is giving 8.50 per cent interest rate on FDs of 366-499 days. While, Equitas Small Finance Bank is also giving 8.50 per cent rate on FDs of two tenures. One is of on 888 days FD. While, other is on FDs of 444 days tenure.

Another small finance bank, the North East SFB is giving 8.50 per cent interest rate on FDs of 555 days. Senior citizens will get an impressive 0.75 per cent additional rate on this FD. Elderly will get 9.25 per cent on this FD.

ESAF SFB is also giving 8.50 per cent rate of interest on FDs of 2 years to less than 3 years. Senior citizens get 0.50 per cent additional rate on this FD.

Next best interest rate is of 8.51 per cent. Fincare Small Finance Bank is giving 8.51 per cent interest rate on FDs of 750 days. While, senior citizens will get 0.60 per cent additional rate on this FD. Elderly will get 9.11 per cent on this FD.

Utkarsh Small Finance Bank is giving slightly lower interest rate of 8.25 per cent on FDs of 1,000 days to 1,500 days. Senior citizens get 0.60 per cent additional rate on this FD.

Shivalik Small Finance Bank on the other hand is giving highest of 8 per cent on FDs of
18 months to less than 24 months. Elderly will get 0.50 per cent additional rate i.e. 8.50 per cent on this FD.

Whereas, AU Small Finance Bank is giving highest of 7.75 per cent on FDs of 24 Months 1 Day to 36 Months. Plus, senior citizens will get 0.50 per cent additional

Capital Small Finance Bank is giving only 7.50 per cent interest as its highest FD rate. This FD is of 1 year. Elderly will get 8 per cent on this particular FD.