List of 6 small Finance Banks that Offers Highest Interest Rate on FDs to Senior Citizens
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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.
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.
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.
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.
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.
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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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.
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.
Nice thread vu+
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 |
Jana bank has charges on NEFT, RTGS, IMPS all 3 No charges online
But debit card charges are there. Cannot find virtual DC option
Can you add the details about banks which can be opened online?
Use/Edit the table added above.
Utkarsh went up to 9% for Seniors - https://www.utkarsh.bank/uploads/home_sidebar_f...
Do they allow FD without Savings Account ?
Yes
bandhan 8.5% for 600days
source - livemint
Utkarsh small finance bank is now offering 8.25% for 700 days.
Which small finance bank safest from above?
I am planning to do fd in equitas..Any issue in this bank?
+1.. Can anyone tell me the safest out of these banks?
Please help on which banks can be opened online
https://www.livemint.com/money/personal-finance...
How are the reviews about Jana small finance Bank?
Min balance
App/netbanking experience
Extra charges on tranfers or others
ESAF BM saying cannot give FD without SB.. can anyone confirm this?
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
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 ?
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.
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
No exp with suryodaya bank but it should be okay if it's nearby your home