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Small Northeast Financing Bank
For a deposit amount of less than Rs 2 Cr, North East Small Finance Bank is now the only bank that offers an interest rate of 6.75% to the ordinary public and 7.25% to seniors on 3-year deposits . As of April 19, 2021, the bank promises the following interest rates on deposits up to 3 years.
| Mandate | Interest rate for ordinary citizens in% pa | Interest rate for the elderly in pa |
|---|---|---|
| 7-14 days | 3 | 3.5 |
| 15-29 days | 3 | 3.5 |
| 30-45 days | 3 | 3.5 |
| 46-90 days | 3.5 | 4 |
| 91-180 days | 4 | 4.5 |
| 181-365 days | 5 | 5.5 |
| 366 days to 729 days | 6.75 | 7.25 |
| 730 days to less than 1095 | 6.75 | 7.25 |
| Source: Bank website |
Small Ujjivan Financial Bank
For deposit amount less than Rs 2 Cr, Ujjivan Small Finance Bank now promises the following interest rates on fixed deposits made by ordinary or senior citizens.
| Period | Regular FD interest rate (pa) | FD interest rate for the elderly (pa) |
|---|---|---|
| 7-14 days | 2.50% | 3.00% |
| 15-60 days | 3.00% | 3.50% |
| 61-90 days | 3.75% | 4.25% |
| 91-180 days | 4.50% | 5.00% |
| 181-364 days | 5.50% | 6.00% |
| 1 year[365 Days] | 6.25% | 6.75% |
| > 1 year – 2 years | 6.50% | 7.00% |
| > 2 years-3 years | 6.50% | 7.00% |
| Source: Bank website, Effective date: 05/07/2021 |
Jana Small Finance Bank
For interest rates on deposits below Rs 2 Cr, here are Jana Small Finance Bank’s most revised interest rates on deposits up to 3 years.
| Mandate | Regular FD interest rate (pa) | FD interest rate for the elderly (pa) |
|---|---|---|
| 7 – 14 days | 3.50% | 4.00% |
| 15 – 29 days | 3.50% | 4.00% |
| 30 – 45 days | 3.50% | 4.00% |
| 46 – 62 days | 4.00% | 4.50% |
| 63 – 90 days | 4.00% | 4.50% |
| 91 – 120 days | 4.75% | 5.25% |
| 121 – 180 days | 4.75% | 5.25% |
| 181 – 210 days | 5.25% | 5.75% |
| 211 – 270 days | 5.25% | 5.75% |
| 271 – 364 days | 5.25% | 5.75% |
| 1 year to 18 months | 6.35% | 6.85% |
| 18 months 1 day to 2 years | 6.25% | 6.75% |
| 2 years 1 day to 887 days | 6.35% | 6.85% |
| 888 days | 6.50% | 7.00% |
| 889 days to 3 years | 6.35% | 6.85% |
| Source: Bank website, from June 1, 2021 |
Small Equitas Corporate Bank
Check out the most recent interest rates on 3-year term deposits for ordinary citizens and seniors.
| Mandate | Regular FD interest rate (pa) | FD interest rate for the elderly (pa) |
|---|---|---|
| 7 days to 29 days | 2.90% | 3.40% |
| 30 days to 89 days | 3.50% | 4.00% |
| 90 days to 179 days | 4.25% | 4.75% |
| 180 days to 364 days | 4.75% | 5.25% |
| 1 year to 2 years | 6.00% | 6.50% |
| 2 years and 1 day to 3 years | 6.50% | 7.00% |
| Source: Bank website, with effect from August 16, 2021 |
Suryoday Small Finance Bank
For fixed deposits of an amount less than Rs 2 Cr, this small financing bank promises an interest rate of 6.25% to the general public and 6.50% to seniors on deposits of less than 3 years. Here are the latest interest rates on the bank’s term deposits.
| Period | Interest rate (per year) | FD interest rate for the elderly (pa) |
|---|---|---|
| 7 days to 14 days | 3.25% | 3.25% |
| 15 days to 45 days | 3.25% | 3.25% |
| 46 days to 90 days | 4.25% | 4.25% |
| 91 days to 6 months | 4.75% | 4.75% |
| More than 6 months to 9 months | 5.25% | 5.25% |
| More than 9 months to less than 1 year | 5.75% | 5.75% |
| 1 year to 1 year 6 months | 6.50% | 6.75% |
| Above 1 year 6 months to 2 years | 6.50% | 6.75% |
| More than 2 years to less than 3 years | 6.25% | 6.50% |
| Source: Bank website, (Effective: from September 09, 2021) |
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