https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9119163
dhinchakrohit
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Equitas 888 days 8.20% w.e.f. 1st March
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List of 6 small Finance Banks that Offers Highest Interest Rate on FDs to Senior Citizens
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Unity Small Finance Bank:
On FDs of 1001 days, Unity Small Finance Bank is offering interest rates of 9.00 per cent to the general public and 9.50 to senior citizens. The new rates are effective from February 15, 2023.
Jana Small Finance Bank:
On FDs of over two to three years, Jana Small Finance Bank is offering interest rates of 8.10 per cent to the general public and 8.80 per cent to senior citizens. The new rates are effective from February 1, 2023.
Suryoday Small Finance Bank:
On FDs of 999 days, Suryoday Small Finance Bank is offering interest rates of 8.51 per cent to the general public and 8.76 per cent to senior citizens. These rates are effective from December 21, 2022.
Ujjivan Small Finance Bank:
On FDs of 560 days, Ujjivan Small Finance bank is offering interest rates of 8.00 per cent to the general public and 8.75 per cent to senior citizens. The new rates are effective from November 5, 2022.
Utkarsh Small Finance Bank:
On FDs of 700 days, Utkarsh Small Finance Bank is offering interest rates of 8.00 per cent to the general public and 8.75 per cent to senior citizens. These rates are effective from November 21, 2022.
North East Small Finance Bank:
On FDs of 111 days, North East Small Finance Bank is offering interest rates of 8.00 per cent to the general public and 8.75 per cent to senior citizens.
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https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9119674
Ujjivan online account open not working.
Without account max FD of 90k only possible
Unity online process not understandable. They are taking your contact and basic details on Google forms 
and saying we'll call back.
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9125656
Ujjivan sounds the best. It has zero MAB and zero debit card AMC for the senior citizen savings account. Also offers monthly, quarterly, and annual payout. Good for a regular income stream without any charges. But alas the online account opening isn't working as you mentioned and there is no branch in my town.
Does any other bank offer >8% interest with a payout option for senior citizen fd that can be availed without paying useless debit card AMC charges or AMB or similar charges? I'm looking for something like that for my father who is a senior citizen.
Does any other bank offer >8% interest with a payout option for senior citizen fd that can be availed without paying useless debit card AMC charges or AMB or similar charges? I'm looking for something like that for my father who is a senior citizen.
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Nice thread vu+
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9119724
North East Small Finance Bank:
On FDs of
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9119804
| Small Finance Bank | Tenure of FD | Interest Rate for General Public | Interest Rate for Senior Citizens | Effective Date |
|---|---|---|---|---|
| Unity Small Finance Bank | 1001 days | 9.00% | 9.50% | February 15, 2023 |
| Jana Small Finance Bank | 2-3 years | 8.10% | 8.80% | February 1, 2023 |
| Suryoday Small Finance Bank | 999 days | 8.51% | 8.76% | December 21, 2022 |
| Ujjivan Small Finance Bank | 560 days | 8.00% | 8.75% | November 5, 2022 |
| Utkarsh Small Finance Bank | 700 days | 8.00% | 8.75% | November 21, 2022 |
| North East Small Finance Bank | 111 days | 8.00% | 8.75% | N/A |
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9141856
Jana bank has charges on NEFT, RTGS, IMPS all 3 No charges online
But debit card charges are there. Cannot find virtual DC option
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9119805
Can you add the details about banks which can be opened online?
Use/Edit the table added above.
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9119966
Utkarsh went up to 9% for Seniors - https://www.utkarsh.bank/uploads/home_sidebar_f...
Do they allow FD without Savings Account ?
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9120113
bandhan 8.5% for 600days
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9120160
Regular or Seniors ?
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source - livemint
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9121255
Utkarsh small finance bank is now offering 8.25% for 700 days.
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9122942
Which small finance bank safest from above?
I am planning to do fd in equitas..Any issue in this bank?
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9124017
+1.. Can anyone tell me the safest out of these banks?
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9125891
Please help on which banks can be opened online
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9128707
TMB giving 8.5% for senior citizens for 300 days..Can be opened online.
https://www.livemint.com/money/personal-finance...
https://www.livemint.com/money/personal-finance...
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9130486
How are the reviews about Jana small finance Bank?
Min balance
App/netbanking experience
Extra charges on tranfers or others
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9138892
ESAF BM saying cannot give FD without SB.. can anyone confirm this?
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9141825
How are your views about Utkarsh small finance bank?
Is there a bank where we can open multiple FDs of small amounts without opening bank account??
@dhinchakrohit @caks2006407 @InvestPotato @Jarvis.-. @Pikachu @Pikachu_1 @equalizer
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9141829
All banks are same till u keep 5Lakhs. I chose Equitas.
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How safe are these banks when it comes to FD? What are RBI guidelines for FDs or it comes under 5L insurance?
Also what happens if you break FD say after 2 years or lesser period than originally planned ?
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9151792
Are small finance banks covered under Deposit Insurance?
All commercial banks, including branches of foreign banks functioning in India, local area banks, regional rural banks, small finance banks and payment banks, are covered under the Deposit Insurance Scheme.
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9266095
Guys any idea about Suryoday Small Finance Bank.
https://www.suryodaybank.com/deposits/fixed-dep...
9.10% for non seniors 5 years .
I saw this small finance bank is backed by dicgc insurance too.
https://www.dicgc.org.in/FD_ListOfInsuredBank...ml
Also can we close accounts of such small finance banks without branch visits?
Never have any experience of opening FD without a savings account. How does it work if I don't open an acc and yet have FD.
Looking for suggestions
@raman12 @dhinchakrohit @InvestPotato
https://www.desidime.com/discussions/list-of-6-small-finance-banks-that-offers-highest-interest-rate-on-fds-to-senior-citizens?page=1#post_9266140
I went for Jana small finance Bank. Experience was good, took 1 week tmfor debit card which was mandatory and without which no transaction could be done, only limited access. Branch I was not given which I wanted but another one in different district but I am told I can transfer whenever I want by going to new branch that I want.
No exp with suryodaya bank but it should be okay if it's nearby your home
No exp with suryodaya bank but it should be okay if it's nearby your home
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