Fixed deposit (FD) rates of interest have been nosediving since outbreak of the Covid-19 pandemic. This slide in mounted deposit charges have prompted issues for individuals who have a look at FD as small-term funding choice. However, there are nonetheless some small monetary banks that gives higher return on one yr financial institution mounted deposits. Jana Small Finance Bank and Utkarsh Small Finance Bank nonetheless providing 6.25 per cent mounted deposit rate of interest on one yr FD for regular depositors whereas they’re providing 6.75 per cent return on one yr FD for senior residents. So, these two banks are nonetheless providing as much as 6.75 per cent return on one yr financial institution FD.
Jana Small Finance Bank FD charges
As per the official web site of Jana Small Finance Bank — janabank.com/deposits/regular-fixed-deposit/ — Jana Small Finance Bank FD rate of interest for 7-14 days is 2.50 per cent whereas the identical mounted deposit fee provided for 15 to 60 days is 3.00 per cent. For 61 to 90 days financial institution FD, rate of interest provided by the small finance financial institution is 3.75 per cent whereas for 91 to 180 days tenor, FD rate of interest provided is 4.50 per cent. For 181 to 364 days tenure, Jana Small Finance Bank mounted deposit rate of interest provided is 5.50 per cent whereas for one yr or twelve months tenure, FD rate of interest provided by Jana Small Finance Bank is 6.25 per cent.
View Full PictureSource: Jana Small Finance Bank official web site
For senior residents, Jana Small Finance Bank is providing an extra 0.50 per cent return throughout all tenors.
Utkarsh Small Finance Bank FD charges
As per the official web site of Utkarsh Small Finance Bank — utkarsh.financial institution — the small finance financial institution is providing 3.00 per cent FD rate of interest on deposits for the tenure of seven to 45 days. For 46 to 90 days mounted deposits, rate of interest provided is 3.25 per cent whereas 91 to 180 days FD tenure will yield 4.00 per cent curiosity at this small finance financial institution. On financial institution mounted deposits for the tenure of 181 to 364 days, mounted deposit fee provided is 5.75 per cent. On mounted deposits for tenure from 365 to 699 days, FD rate of interest provided at Utkarsh Small Finance Bank is 6.25 per cent.
View Full PictureSource: Utkarsh Small Finance Bank official web site
Utkarsh Small Finance Bank can be providing an extra 50 bps return throughout tenors. So, on one yr financial institution mounted deposits, this small finance financial institution is providing as much as 6.75 per cent FD rate of interest to its depositors.
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