With the Reserve Bank maintaining the interest rate regime at an elevated level, banks continue to offer attractive rates on fixed deposits to attract new customers. Over the past two years, all banks, including small finance banks, have been raising their FD rates to secure more deposits amidst the high repo rate environment.
Compared to large banks and PSU lenders, small finance banks face greater challenges in attracting new customers to their fixed deposit plans. As a result, they often offer higher interest rates than scheduled commercial banks.
In this story, we will examine the 3-year fixed deposit rates for general customers and senior citizens offered by various small finance banks in 2025.
FD rates from the top 10 small finance banks in January 2025:
- Unity Small Finance Bank
The small finance bank offers the highest FD interest rates up to 9.5% on a deposit tenure of 1001 days. General customers are offered a 9% rate and senior citizens 9.5% on deposits parked with the bank for 1001 days.
- North-East Small Finance Bank
The small finance bank is currently offering the highest interest rate of 9% on FDs booked for 1.5 years to 3 years by both general customers and senior citizens.
Also read: UPI Fraud Alert: What is Jump Deposit Scam everyone is talking about?
- Suryoday Small Finance Bank
This bank is offering senior citizens the highest rate of 9.10% on FDs parked for 3 years. For general customers subscribing to the same tenure FDs, the bank offers an 8.6% interest rate.
- Utkarsh Small Finance Bank
The small finance bank’s FD interest rate for senior citizens booking a 3-year FD is 9.10%, while general customers are getting 8.5%.
- Jana Small Finance Bank
The small finance lender provides an interest rate of 8.75% to senior citizens on its 3-year FD and 8.25% to general customers on the same tenure product.
- Ujjivan Small Finance Bank
It offers senior citizens an 8.75% rate on fixed deposits (FDs) booked for 3 years, while general customers are offered 8.25% on same-tenure deposits.
- Equitas Small Finance Bank
It offers an 8.75% interest rate to senior citizens on fixed deposits maturing in three years and an 8.25% for general citizens.
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