New Delhi : FDs continue to be the preferred investment option for a large number of Indians even today. After the increase in the repo rate by the RBI, banks have increased the interest rates on fixed deposits significantly.
Due to this, the attraction of people towards FD has increased again. However, most of the government and private banks are still not offering inflation-beating returns on FDs. Retail inflation declined marginally to 7.01 per cent in June. When you invest in an FD, it is better that you get returns above the inflation rate. Today we will tell you about some such FDs of Small Finance Banks, which are offering inflation-beating returns.
Ujjivan Small Finance Bank
This bank is currently offering 7.20 per cent return on FDs of less than Rs 2 crore from general customers. This return is on FDs of 2 maturity periods. 990 days on FDs and 42 months on single day to 60 months FDs. At the same time, the bank is offering 0.50 percent higher interest rate to senior citizens. The bank last changed its interest rates on June 13, 2022.
Jana Small Finance Bank
This small finance bank is offering high interest rate on FD ranging from 7.25 to 7.35 to the general citizens. At the same time, 8.05 percent to 8.15 percent interest rate is being offered on FDs from senior citizens. General and senior citizens can get this bumper return on FDs ranging from one year to 5 years.
ESAF Small Finance Bank
This bank is offering 7.25 percent return on FD to the general citizens. At the same time, 7.75 percent interest rate is being offered to senior citizens. This interest rate is being offered on FDs with tenures ranging from 2 years to less than three years.
Suryoday Small Finance Bank
This small finance bank is currently offering 7.49 percent interest rate to the customers. At the same time, 7.99 percent interest rate is being offered from senior citizens. This interest rate is being offered to customers on 999 days FD.
Utkarsh Small Finance Bank
This small finance bank is currently offering 7.25 percent interest rate on FDs of 700 to 1000 days. At the same time, 7.75 per cent return is being offered to senior citizens on FDs of this period.
