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FDs and Debt
With rising interest rates, FDs have become more attractive, but choosing between FDs and mutual funds depends on your investment preferences
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12 SFBs currently operational
Interestingly, in its Trends and Progress report for 2022-23, the RBI has said that the consolidated balance sheet of SFBs expanded at a pace faster t
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These banks giving over 9% on FDs
But after a big increase in the repo rates, banks have once again started paying more than 9 percent interest on FDs
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Small finance banks: Check out best FD interest rates
Whoever is offering you a higher interest rate than the prevailing risk-free rate, you must look at the difference and the reason for the same
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Interest rates: Even small finance banks are lowering them
However, even after lowering rates, small finance banks offer higher interest rates on fixed deposits of all tenures compared to commercial banks
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Fixed Deposits: These small finance banks provide up to 6.50% interest on 2-year deposit
SFBs provide basic banking activities to un-served and underserved sections of societies to improve financial inclusion in the country.
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Jana Small Finance Bank files IPO papers
The IPO comprises fresh issuance of equity shares worth Rs 700 crore and an offer for sale of up to 92,53,659 shares by existing shareholders
