Finance
Mr. BillionhairSmall Finance Banks Crush It with 8% Fixed Deposits
Folks, listen up! Small finance banks are absolutely dominating the fixed deposit game with rates hitting an incredible 8%! That's right, 8%! Meanwhile, the big banks are floundering around at a measly 6.25%. IDFC and Equitas are trying to keep up at 7.40%, but let's be honest, the little guys are taking home the trophy! It’s a total bank brawl, and the small players are winning huge!
few days ago | Amit Kumar
Quick rundown
1.Small finance banks offer the highest FD rates.
2.ESAF and Jana SFBs lead with 8% interest on select tenures.
3.Private banks like IDFC and Equitas offer over 7% rates.
4.Public sector banks lag with rates mostly under 6.6%.
5.Special schemes offer slightly better but still lower returns.
