FD Rates up to 9%: How much will you get in return by investing Rs 5 lakh in key FDs from Equitas, Ujjivan, Utkarsh, & other small finance banks

A Fixed Deposit (FD) is a low-risk investment where you deposit a fixed amount with a bank for a set tenure at a predetermined interest rate.

ZeeBiz WebTeam | Feb 04, 2025, 02:31 PM IST

Following in the footsteps of main banks, many small finance banks have also increased their fixed deposit (FD) interest rates in the recent past. It has surely benefited investors who can now get a higher interest amount on the same FD. Since small finance banks face more competition in gaining customers, they often provide higher returns on similar duration FDs compared to what PSU lenders or other private sector banks offer.  

Here’s a look at top FD interest rates offered by leading small finance banks. Also know how much you can earn on a Rs 5 lakh investment in each of the FDs.

 

 Image: Pixabay, Freepik

 

(Disclaimer: Our calculations are projections and not investment advice. Do your due diligence or consult an expert for financial planning)

1/10

What is FD?

What is FD?

 

A Fixed Deposit (FD) is a non-market-linked investment where you deposit a fixed amount with a bank for a set tenure at a predetermined interest rate. It offers guaranteed returns and is ideal for investors with a low-risk appetite.

2/10

What are small finance banks?

What are small finance banks?


Small finance banks are specialised financial institutions set up to provide banking services to underserved and unbanked sections of society, such as small businesses, farmers, and low-income groups. These banks are regulated by RBI and offer basic banking services like savings accounts, fixed deposits, loans, and credit facilities.  

 

3/10

Equitas Small Finance Bank

Equitas Small Finance Bank

Equitas Small Finance Bank offers an interest rate of 8.25 per cent in its 888-day FD. If you invest Rs 5,00,000, the estimated maturity value will be Rs 6,09,890, with interest earned at Rs 1,09,890.

4/10

ESAF Small Finance Bank

ESAF Small Finance Bank


 
ESAF Small Finance Bank provides an interest rate of 8.38 per cent for a 888-day FD. For a Rs 5,00,000 investment, the estimated maturity value will be Rs 6,11,782.57, with interest earned at Rs 1,11,782.57.

5/10

Jana Small Finance Bank

Jana Small Finance Bank


 
Jana Small Finance Bank offers a 8.25 per cent interest rate on FDs with tenures ranging from 1 to 3 years. A Rs 5,00,000 investment will grow to Rs an estimated 6,38,799.30, with an interest of Rs 1,38,799.30 in the 3-year FD.

6/10

NorthEast Small Finance Bank

NorthEast Small Finance Bank

 

NorthEast Small Finance Bank provides its highest FD rate at 9 per cent for a tenure ranging from 18 months and 1 day to 36 months. Investing Rs 5,00,000 in the 3-year FD will give you an estimated maturity value of Rs 6,53,024.99, including Rs 1,53,024.99 in interest.

7/10

Suryoday Small Finance Bank

Suryoday Small Finance Bank

 

Suryoday Small Finance Bank gives an interest rate of 8.60 per cent for FDs with tenures from 2 to 3 years. For a Rs 5,00,000 investment in the 3-year FD, the estimated maturity value will be Rs 6,45,402.22, including the estimated interest of Rs 1,45,402.22.

8/10

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank

 

Ujjivan Small Finance Bank offers 8.25 per cent interest on FDs with a tenure of 12 months. If you invest Rs 5,00,000 in it, the estimated maturity value will be Rs. 5,42,543.81, and the estimated interest earned will be Rs 42,543.81.

9/10

Unity Small Finance Bank

Unity Small Finance Bank

 

Unity Small Finance Bank matches NorthEast Bank with a 9 per cent interest rate for its 1001-day FD. A Rs 5,00,000 investment in the 1001-day FD will result in an estimated maturity value of Rs 6,38,227.13, including the estimated interest of Rs 1,38,227.13.

10/10

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank

Utkarsh Small Finance Bank offers an 8.50 per cent interest rate for FDs with tenures ranging from 2 to 3 years, including a 1500-day option. A Rs 5,00,000 investment in the 3-year FD will grow to an estimated maturity of Rs 6,43,509.32, including an estimated interest of Rs 1,43,509.32.

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