The FD rates of top small finance banks range from 6% to 8.30% depending on the tenure of the deposit. Currently, Utkarsh Small Finance Bank provides the highest returns at 8.10% for the general public and 8.25% for senior citizens, on a tenure of 666 days.
A fixed deposit is one of the most popular investments in India. Small Finance Banks offer attractive interest rates on FDs to their customers. Let us take a look at the interest rates they offer.
An FD, also known as a Fixed Deposit is a type of term deposit. It allows you to invest money for a specific period. In the end, you receive a lump sum amount after earning cumulative interest during the time period.
If you want to start a fixed deposit in a small finance bank, here is the year-wise interest rate offered by some top small finance banks -
Utkarsh Small Finance Bank offers FD rates between 6.00% and 8.10% . They offer 0.50% to 0.60% more returns to senior citizens. Let’s look at the rates offered by them based on the tenure of your fixed deposit -
|
Tenure of FD |
General Public |
Senior Citizen |
|---|---|---|
|
181 Days to 370 Days |
6.00% |
6.50% |
|
371 Days to 665 Days |
7.25% |
7.75% |
|
666 Days |
8.10% |
8.25% |
|
667 Days to 2 Years |
7.25% |
7.75% |
|
2 Years to 3 Years |
7.50% |
8.00% |
|
Above 3 Years to less than 4 Years |
7.25% |
7.75% |
|
4 Years to 5 Years |
7.00% |
7.50% |
|
Above 5 Years to 10 Years |
6.75% |
7.25% |
Shivalik Small Finance Bank offers FD interest rates from 6.00% to 7.80% for the general public and 6.50% to 8.30% for senior citizens. The following are the rates offered by them based on FD tenures -
|
Tenure of FD |
General Public |
Senior Citizen |
|---|---|---|
|
6 months to less than 9 months |
6.00% |
6.50% |
|
9 months to 12 months |
6.00% |
6.50% |
|
12 months 1 day to 16 months |
6.75% |
7.25% |
|
16 months 1 day to 17 months |
7.05% |
7.55% |
|
17 months 1 day to <18 months |
6.75% |
7.25% |
|
18 months to 21 months |
7.00% |
7.50% |
|
21 months 1 day to 22 months |
7.80% |
8.30% |
|
21 months 1 day to 22 months |
7.80% |
8.30% |
|
22 months 1 day to 24 months |
7.00% |
7.50% |
|
24 months 1 day to 36 months |
6.75% |
7.25% |
|
36 months 1 day to 60 months |
6.25% |
6.75% |
|
60 months 1 day to 120 months |
6.25% |
6.75% |
|
Tax saver FD 5 Years (60 months) |
6.25% |
6.75% |
Suryoday Bank’s fixed deposit interest rates range from 5.50% to 8.10% based on your age and the tenure of your FD. Here are the detailed rates -
|
Tenure of FD |
General Public |
Senior Citizen |
|---|---|---|
|
6 Month 1 Day |
6.50% |
6.65% |
|
Above 6 Months 1 Day to 9 Months |
5.50% |
5.65% |
|
Above 9 Months to less than 1 Year |
6.00% |
6.15% |
|
1 Year |
7.25% |
7.40% |
|
Above 1 Year to Less than 18 Months |
7.25% |
7.40% |
|
18 Months |
7.60% |
7.75% |
|
Above 18 Months to 2 Years |
7.25% |
7.40% |
|
Above 2 Years to less than 30 Months |
7.25% |
7.40% |
|
30 Months |
8.10% |
8.25% |
|
Above 30 Months to 3 Years |
7.25% |
7.40% |
|
Above 3 Years to less than 5 Years |
6.75% |
6.90% |
|
5 Years |
7.90% |
8.05% |
Northeast Small Finance Bank offers FDs from a 6-month duration to 10 years. Senior citizens are offered 0.25% higher rates than the general public. The following table details the rates based on the tenure of the fixed deposit -
|
Tenure of FD |
General Public |
Senior Citizen |
|---|---|---|
|
6 months 1 day - 1 year |
6.25% |
6.50% |
|
1 year 1 day - 1.5 years |
7.25% |
7.25% |
|
1.5 years 1 day - 1.5 years 2 days |
7.75% |
7.75% |
|
1.5 years 3 days - 3 years |
7.50% |
7.50% |
|
3 years 1 day - 5 years |
7.00% |
7.25% |
|
5 years 1 day - 10 years |
6.50% |
6.75% |
South Indian Bank offers fixed deposit interest rates from 2.90% to 6.80% . Take a look at the rates of interest based on FD tenures and age -
|
Tenure of FD |
General Public |
Senior Citizen |
|---|---|---|
|
181 days to 270 days |
5.50% |
6.00% |
|
271 days to less than 1 year |
5.90% |
6.40% |
|
1 year |
6.25% |
6.75% |
|
Above 1 year to 371 days |
5.85% |
6.35% |
|
372 days |
6.40% |
6.90% |
|
373 days to less than 18 months |
6.05% |
6.55% |
|
18 months |
6.60% |
7.10% |
|
Above 18 months to less than 30 months |
5.85% |
6.35% |
|
30 months |
6.80% |
7.30% |
|
Above 30 months to less than 5 years |
6.20% |
6.70% |
|
5 years to less than 66 months |
5.70% |
6.20% |
Bajaj Finserv offers fixed deposits ranging from 12 to 60 months (1-5 years). The rates range from 6.60% to 7.40% for the general public and 6.95% to 7.75% for senior citizens. The following table details the rates offered based on the duration of your fixed deposit -
|
Tenure of FD |
General Public |
Senior Citizen |
|---|---|---|
|
12 to 17 months |
6.60% |
6.95% |
|
18 to 30 months |
6.85% |
7.20% |
|
31 to 60 months |
7.40% |
7.75% |
Shriram Finance’s FD interest rates start at 6.75% and go up to 7.25%. They offer higher interest rates, an additional 0.50%, for senior citizens. Let’s take a look at the interest rates offered by them based on the tenure of the fixed deposit and the age category -
|
Tenure of FD |
General Public |
Senior Citizen |
|---|---|---|
|
12 months |
6.75% |
7.25% |
|
15 months |
7.05% |
7.55% |
|
18 - 23 months |
7% |
7.50% |
|
24 - 35 months |
7.05% |
7.55% |
|
36 - 60 months |
7.25% |
7.75% |
Here is a list of some other popular small finance banks and their fixed deposit interest rates -
|
Name of the Bank |
General Public |
Senior Citizen |
|---|---|---|
|
2.75% - 7.75% |
3.25% - 8.00% |
|
|
3.50% - 7.25% |
4.00% - 7.75% |
|
|
5.50% - 7.15% |
4.00% - 7.65% |
|
|
3.50% - 7.55% |
4.00% - 8.05% |
|
|
3.50% - 7.00% |
4.00% - 7.50% |
|
|
3.50% - 7.77% |
3.50% - 8.00% |
|
|
4.00% - 7.25% |
4.00% - 7.75% |
Note: Rates mentioned as of 5 June 2026 and can be revised by the small finance bank without notice. Please check with the bank before opening an account.
Moneyview Says
Interest rates offered by Small Finance Banks (SFBs) vary significantly based on the duration you lock in your funds. To get the highest possible returns, look for the bank's specific promotional window or peak tenure.
When choosing a fixed deposit for yourself, the interest rate is a prominent point to consider. But there are other things that you should consider. Some of them are mentioned below -
The application process and the documents required to start a fixed deposit.
You might need to prematurely withdraw your deposit. So, you should check the penalty charged by the bank or financial institutions where you start an FD.
Various financial institutions may have different types of fixed deposit schemes. Choose the one that suits your requirements.
Cross-check the credibility of the bank or the small finance bank you choose.
Choose an institution whose interest rate is higher than the expected inflation rate during the tenure you want to invest the money.
To know more Fixed Deposit articles here:
Your Dream Home is Now a Click Away
You can start a fixed deposit with either a bank or a small finance bank, the choice is yours! It is advisable to open a fixed deposit with a bank or NBFC that you already have an account with. That way, you won’t have to submit additional documents and the application process will be easy.
Please note that fixed deposits are not tax-saving investment options. You will have to pay taxes on the interest earned based on your tax-slab.
Fixed deposits are considered safe investments as your money doesn’t dapple in the market and there is no risk of losing it. You will get the interest that was promised to you when you start the fixed deposit.
Fixed Deposit Insights and Guides
Recurring Deposit Insights and Guides
Tax, Filing & Linking Guide
Credit Card Insights
Banking & Investment Tips
Disclaimer
The starting interest rate depends on factors such as credit history, financial obligations, specific lender's criteria and Terms and conditions. Moneyview is a digital lending platform; all loans are evaluated and disbursed by our lending partners, who are registered as Non-Banking Financial Companies or Banks with the Reserve Bank of India.
This article is for informational purposes only and does not constitute financial or legal advice. Always consult with your financial advisor for specific guidance.
Was this information useful?
