Small Finance Bank FD Rates: Compare Senior Citizen 1-year FD interest rate in banks like AU Small Finance Bank, Ujjivan Small Finance Bank & others

Small Finance Banks (SFBs) provide higher interest rates than top lenders in the country. The interest rate in these SFBs typically ranges from 8 per cent to 9 per cent annually. As larger banks provide better interest rates to senior citizens, small finance banks also offer higher interest rates to senior citizens. However, rates vary from bank to bank.

This article will compare the one-year FD interest rate for senior citizens in banks like AU Small Finance Bank, Ujjivan Small Finance Bank, Utkarsh Small Finance Bank, and Equitas Small Finance Bank.

AU Small Finance Bank

This SFB offers a 6.85 per cent interest rate to senior citizens on a 1-year FD scheme.

Equitas Small Finance Bank

Equitas Small Finance Bank offers a 7.75 per cent interest rate to senior citizens on a 1-year FD scheme.

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank gives a 7.75 per cent interest rate to senior citizens on a 1-year FD scheme.

Utkarsh Small Finance Bank

This SFB offers a 6.50 per cent interest rate to senior citizens on a 1-year FD scheme.

Suryoday Small Finance Bank

This small finance bank gives a 7.90 per cent interest rate to senior citizens on a 1-year FD scheme.

Maturity amount calculations on Rs 5,00,000 deposit in these banks