These Five Small Finance Banks Revise Their FD Interest Rates, Offering Seniors Up To 9.30 Per Cent

Ahead of the Budget 2025 and Reserve Bank of India’s (RBI) monetary policy committee meeting for the first week of February 2025, five small finance banks have revised their fixed deposit (FD) interest rates during the week ending on January 25, 2025. Senior citizens can avail of a maximum of 9.30 per cent following this revision. Here are the interest rates for senior citizens (individuals 60 years and above) for less than Rs 3 crore callable FDs.

AU Small Finance Bank

After revising the rates on January 20, 2025, the bank offers seniors the highest 8.60 per cent. It offers:

• 7.75 per cent for 6 months one day to 12 months

• 8.35 per cent for 12 months one day to 15 months

• 8.00 per cent for 15 months one day to less than 18 months

• 8.60 per cent for 18 months

• 8.25 per cent for 18 months one day to 24 months

• 8.00 per cent for 24 months one day to 45 months

• 7.75 per cent for 45 months one day to 120 months.

Also Read: Rethinking Retirement Planning For Non-Traditional Families

Jana Small Finance Bank

The bank offers a maximum of 8.75 per cent to senior citizens. It categorises FDs in two segments, ‘less than Rs 10 lakh’ and ‘equal to or more than Rs 10 lakh’, and offers rates differently for these segments. After revision on January 21, 2025, it provides:

Less Than Rs 10 Lakh FDs:

• 8.00 per cent for 181 to 364 days

• 8.75 per cent for 365 days

• 8.75 per cent for more than one year to two years (730 days)

• 8.75 per cent for more than years to three years (1095 days)

• 7.75 per cent for more than three years to less than five years

• 8.20 per cent for five years (1825 days)

• 7.00 per cent for more than five years to 10 years

Equal To Or More Than Rs 10 Lakh FDs:

• 8.00 per cent for 181 to 364 days

• 8.75 per cent from 365 days to three years

• 7.75 per cent for more than three years to less than five years

• 8.20 per cent for five years (1825 days)

• 7.00 per cent for more than five years to 10 years.

Also Read: 63-Year-Old Income Tax Act Likely To Be Overhauled In The Budget

North East Small Finance Bank

The bank revised rates on January 18, 2025. Seniors can receive up to 9.00 per cent interest for FD tenure of 18 months one day to 36 months. Here are the interest rates for seniors:

• 7.50 per cent for 6 months one day to 12 months

• 8.75 per cent for 12 months one day to 18 months

• 9.00 per cent for 18 months one day to 36 months

• 8.50 per cent for 36 months one day to 60 months

• 6.75 per cent for 60 months one day to 120 months.

ESAF Small Finance Bank

This SFB offers a maximum of 8.88 per cent for ‘888 days’. Rates for other tenure for seniors are:

• 6.50 per cent for 183 days to one year

• 8.25 per cent for one year one day to less than two years

• 8.50 per cent for two years to 887 days

• 8.88 per cent for 888 days

• 8.50 per cent for 889 days to less than three years

• 7.25 per cent for three years to less than five years

• 6.75 per cent for five years to 10 years.

  The rates were revised on January 20, 2025.

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Shivalik Small Finance Bank

The bank revised the rates on January 22, 2025. It offers the highest 9.30 per cent to senior citizens. The rates for seniors are:

6.50 per cent for 6 months to 12 months

9.30 per cent for 12 months one day to less than 18 months

8.80 per cent for 18 months to 24 months

8.00 per cent for 24 months one day to 36 months

7.00 per cent for 36 months one day to 60 months

6.75 per cent for 60 months one day to 120 months.

Read Outlook Money‘s Budget 2025-26 coverage here.

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