FD) for a longer period can book deposits now and lock in the higher rate of interest. There are multiple small finance banks that are offering interest rates of up to 8.75% on fixed deposits maturing in five years. Do note that these interest rates are available on deposits of up to Rs 3 crore.
Here are the best interest rates on five-year FDs offered by small finance banks
Suryoday Small Finance Bank is offering an 8.75% interest rate on its FDs maturing in five years.
Unity Small Finance Bank is offering an 8.65% interest rate on its FDs maturing in five years.
Utkarsh Small Finance Bank is offering an 8.35% interest rate on its FDs maturing in five years.
Source: Paisabazaar.com as of 27 August 2024
AU Small Finance Bank is offering a 7.75% interest rate on its FDs maturing in five years.
Similarly, Equitas Small Finance Bank is offering an interest rate of 7.75% on its FDs maturing in five years. Moreover, Jana Small Finance Bank is also offering