Fixed Deposit Interest Rates Offered By Small Finance Banks Compared Here

Last week, Capital Small Finance Bank revised it fixed deposit interest rates on select maturities. Fixed deposit (FDs) are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. Small finance banks focus on financial inclusion by provision of savings vehicles and supply of credit to small business units, small farmers, micro and small industries, and other unorganised sector entities. While the products are similar to those provided by mainstream commercial banks, the interest rates paid by the small finance banks are higher compared to their larger peers. 

Here's a comparison of fixed deposit (FD) interest rates paid by Capital Small Finance Bank, ESAF Small Finance Bank, Suryoday Small Finance Bank and Ujjivan Small Finance Bank: 

Capital Small Finance Bank

The following FD interest rates according to the bank's website - capitalbank.co.in:

ESAF Small Finance Bank

The following FD interest rates are applicable on deposits below Rs. 1 crore, according to the bank's website - esafbank.com:

Suryoday Small Finance Bank

The following FD interest rates are applicable on deposits below Rs. 2 crore with effect from February 25, 2019, according to the bank's website - suryodaybank.com:

Ujjivan Small Finance Bank

The following FD interest rates are applicable on deposits with effect from February 27, 2019, according to the bank's website - ujjivansfb.in:

The bank offers an additional 0.50 per cent interest rate for senior citizens, according to the bank's website, www.ujjivansfb.in.