Latest FD Interest Rates, Aug 1, 2023: Top 6 SFBs Offering FD Interest Rate Up To 9.60% After Revision

Fixed Deposits emerged as one of the most famous investment tools in India. FDs are not only risk-free investments but offer assured returns on maturity with attractive interest rates. Several leading small finance banks recently revised interest rates on fixed deposits in last 2 months. Below are top 7 small finance banks (SFBs) that offer fixed deposit interest rates up to 9.1%:

1. AU Small Finance Bank: The small finance bank offers 6.75% interest rate for less than 1- year tenure, 7.5% interest rate for FDs maturing in 1-2 years tenure, 7.75% interest rate for 2-3 years fixed deposits tenure, and 7.5% interest rate for 3-5 years tenure FDs. The bank revised its FD interest rate effective from June 5, 2023.

2. Equitas Small Finance Bank: It offers 6.25% interest rate to FD maturing in less than 1-year period, 8.5% interest rate each for 1-2 years and 2-3 years FDs, and 7.5% interest rate on 3 to 5 years fixed deposits. The bank last revised its fixed deposit interest rate on June 5, 2023. The bank offers 8.50% interest rate for 444 days and 888 days tenure FDs.

3. Fincare Small Finance Bank: Fincare Small Finance offers residents an interest rate of 6.25% for FDs maturing in less than a year. It offers an interest rate of 8.11% for FDs with the tenure of 1-2 years, maximum 8.51% interest rate for 2-3 years FD tenor, and 8.25% interest rate for FDs with the maturity of 3 to 5 years. The bank revised its fixed deposit interest rate on July 26. The highest interest rate of 8.51 is available to regular citizens and 9.11% interest rate to senior citizens for 750 days FD tenure.

4. Jana Small Finance Bank: The leading small finance bank offers maximum 7% interest rate for FDs maturing in less than 12-months tenure, 8.5% interest rate for 1-2 years FDs, 7.35% interest rate and 7.25% interest rate for 2-3 years and 3-5 years FDs. It introduced revision in FD interest rate on May 30, 2023. It offers highest interest rate of 9.00% to senior citizens for 366-499 days FD while regular citizens get 8.50% interest rates.

5. Suryoday Small Finance Bank: The bank offers minimum interest rate of 6% for FDs maturing in less then 1-year. The FD rates goes to 8.5% if you opt for 1-2 years tenure, 8.6% interest rate for 2-3 years FDs, and offers highest interest rate among all SFBs at 9.1% interest rate for 3-5 years tenure. The bank revised its FD interest rates on July 5. The bank offers highest FD interest rate of 9.60% to senior citizens for the tenure of 5 years and 9.1% interest rate to regular citizens for the same tenure.

6. Ujjivan Small Finance Bank: The bank offers minimum 6.5% interest rates if you opt for less than 1-year FD tenor, 8.25% interest rate for 1-2 years FDs, 7.75% interest rate on 2-3 years FD, and 7.2% interest rate on 3-5 years FD. It updated its fixed deposit interest rates on June 1, 2023.