Tag: Small Finance Banks

Overdue FDs to earn lower interest after this RBI tweak; what you should do

The Reserve Bank of India (RBI) has amended the rules regarding how banks will pay interest on overdue, unclaimed fixed deposits (FDs). As per the...

Invest with care in small finance banks as they also cut rates

The days of small finance banks offering over 7% returns on fixed deposits (FDs) are coming to an end. Most have started reducing interest rates...

Small finance banks lower interest rates

NEW DELHI: The days of small finance banks offering over 7% returns on fixed deposit (FD) are coming to an end. Most of them have...

Do non-callable fixed deposits offer any advantages?

In a non-callable fixed deposit, banks don’t allow customers to withdraw the FD prematurely. The depositor must wait until the maturity of the FD. Due...

Why SFBs are offering higher deposit rates than large commercial banks?

Equitas Small Finance Bank has hiked its interest rate on deposits between ₹1 lakh and ₹5 crore to 7% from 5.5%, with effect from 10...