

Small finance banks are currently offering competitive interest rates on one-year fixed deposits, with Jana and Ujjivan Small Finance Banks leading at 8.25%. Other banks like Equitas, Utkarsh, Unity, and AU Small Finance Bank follow with rates ranging from 7.25% to 8.2%. While these deposits are insured up to Rs 5 lakh by the DICGC, investors are advised to be cautious due to the unique risk profiles of small finance banks. Interest rates may decline in the coming months as the RBI maintains the current repo rate.


Small finance banks are currently offering competitive interest rates on one-year fixed deposits, with Jana and Ujjivan Small Finance Banks leading at 8.25%. Other banks like Equitas, Utkarsh, Unity, and AU Small Finance Bank follow with rates ranging from 7.25% to 8.2%. While these deposits are insured up to Rs 5 lakh by the DICGC, investors are advised to be cautious due to the unique risk profiles of small finance banks. Interest rates may decline in the coming months as the RBI maintains the current repo rate.
•Jana and Ujjivan Small Finance Banks lead with 8.25% interest.
•Equitas offers 8.2%, Utkarsh 8%, Unity 7.85%, and AU 7.25%.
•Deposits are insured by DICGC up to Rs 5 lakh.
•Investors should be cautious due to unique risk profiles.
•Interest rates may decline as RBI maintains current repo rate.
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