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FD interest rates: SBI vs. small finance banks - See the difference
Live MintIf you are looking to invest in a fixed deposit scheme, it is recommended to compare the FD interest rates offered by different banks. Interest rates: SBI vs. small finance banks Here we share the difference between interest rates offered by State Bank of India and small finance banks across tenures. On a 2-year duration, the highest interest of 8.25 percent is offered by Jana Small Finance Bank which is 125 basis points higher than what the SBI offers. On a 5-year duration, SBI offers 6.5 percent whereas the small finance banks offer 7.25 percent per annum. Small finance Banks Notably, small finance banks typically offer higher interest rates on term deposits than what the mainstream banks offer.
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