Finance
5 small finance banks offer interest of up to 9% on their fixed deposits
Depositors are accustomed to choosing a bank based on a number of factors which include rate of interest they offer, customer-friendly services they provide and the word-of-mouth feedback.
Besides large commercial banks, small finance banks also offer good interest rate on their fixed deposits.
Here, we give a lowdown on small finance banks which offer an interest in the range upward of 8 percent per annum. These are small finance banks which offer high interest rate:
Capital Small Finance Bank: Capital Small Finance Bank offers an interest of 7.15 percent per annum to investors for one-year fixed deposit.
Under the special category, it offers 7.6 percent for a term deposit of 400 days. The senior citizens are entitled to receive an interest of 8.10 percent per annum on 400 day-deposit.
Equitas Small Finance Bank: This bank offers 8.20 percent on its one-year fixed deposits (FD). For special duration deposits, the interest rate rises even higher.
A deposit of 444 days earns an interest of 8.50 percent per annum. A deposit of 888 days gives an interest of 8.25 percent. Interestingly, a longer duration FD such as for 5 years gives a lower interest rate i.e., 7.25 percent per annum.
| Small Finance Bank | Interest p.a. (%) | Duration |
| Capital Small Finance Bank | 8.10* | 400 days |
| Equitas Small Finance Bank | 8.5 | 444 days |
| Utkarsh Small Bank | 9.10* | 2-3 years |
| Jana Small Finance Bank | 9.0* | 2-3 years |
| Ujivan Small Finance Bank | 8.25 | 560 days |
(*These interest rates are offered to senior citizens)
Utkarsh Small Bank: It offers an interest of 8 percent per annum on one-year deposits. The highest interest rate of 8.5 percent is offered on the deposits of tenure that ranges between 2 to 3 years.
At the same time, senior citizens are entitled to 9.10 percent per annum interest on deposits of 2-3 years tenure.
They also stand to receive an interest of 8.85 percent per annum on deposits between 3-4 years.
Jana Small Finance Bank: It offers 8 percent on its one-year deposits. The highest interest rate of 8.5 percent is offered on deposits of tenure that range between 2-3 years.
Senior citizens are entitled to receive 9 percent interest on its fixed deposits with 2-3 years tenure.
Ujjivan Small Finance Bank: It offers an interest of 8.25 percent on fixed deposits of 12-month tenure. The highest interest rate of 8.25 percent is also given on the deposits with tenure of 560 days.
Meanwhile, senior citizens are entitled to an extra 50 basis points interest over and above these interest rates.
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Published: 25 Dec 2023, 10:29 AM IST
Finance
Stock market today: Dow, S&P 500, Nasdaq futures rise in search for another bounce-back week
US stock futures rose Sunday, as the major indexes looked for another week of gains toward the end of a rough month and quarter.
Futures attached to the benchmark S&P 500 (ES=F) rose 0.6%, with Nasdaq 100 (NQ=F) futures up 0.7%. Futures tied to the Dow Jones Industrial Average (YM=F) advanced around 0.4%.
As of 9:22:10 PM EDT. Market Open.
ES=F YM=F NQ=F
Tariffs continue to demand investor attention, as the April 2 deadline approaches for President Trump to enact reciprocal duties. Trump indicated on Friday that he is maintaining “flexibility” in relation to the tariffs’ rollout, but he hasn’t given a firm idea of what that would look like.
Other concerns for Wall Street include considerations over whether the year-to-date losses have only been a slowdown blip — or if the economy is heading into a recession. JPMorgan strategist Bruch Kasman, for one, pegs the chance of recession as high as 40%.
On the earnings front, quarterly results from Lululemon (LULU), Gamestop (GME), and Dollar Tree (DLTR) are all due this week amid a slower week of financial releases.
Looking at economic data for the week to come, a reading of the Fed’s preferred inflation gauge, the Personal Consumption Expenditures Index, is due Friday. The PCE comes alongside a treading of the University of Michigan’s consumer confidence survey, as well as updates to Purchasing Managers’ Indexes for the manufacturing and services sectors.
Coming soon
Stock market coverage for Monday, March 25, 2025.
ORLANDO, Fla. – This week on “Black Men Sundays,” it’s a throwback to Season 5 when host Corie Murray interviewed Jamil Frazier, an entrepreneur who’s founded more companies than most people have probably ever worked for.
“For me, it was always a dream, I always wanted to be in a position where I could give back,” Frazier said, discussing his motivation for creating scholarships, something stemming from his own experiences growing up.
He emphasized the importance of partnering with local schools and communities to establish scholarship funds, encouraging listeners to find out what they’re passionate about so they can start connecting with leaders in those fields.
But building wealth isn’t as easy as just meeting new people and making connections, however fruitful they may be.
[EXCLUSIVE: Become a News 6 Insider (it’s FREE) | PINIT! Share your photos]
Frazier stressed the importance of saving and investing on top of all that networking. The key, he says, is ensuring you invest consistently, regardless of the amount.
“If you have some sort of income coming in, take 10% of that and start putting it away to save. Take another 10% of that and put it away so that you can invest, and my philosophy — what I teach my students and what I teach my kids — it’s that last 10%, put it away so that you can give it away, so you can tithe or give it away in the form of scholarships. Live off of 70% of your income,” he said, encouraging listeners to invest in various vehicles such as real estate, the stock market and private equity, adding, “All of them work.”
Hear the interview and more in Season 6, Episode 8 of “Black Men Sundays.”
Black Men Sundays talks about building generational wealth. Check out every episode in the media player below.
Copyright 2022 by WKMG ClickOrlando – All rights reserved.
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Revenue: RM31.3m (up 2.7% from 3Q 2024).
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Net income: RM3.02m (down 23% from 3Q 2024).
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Profit margin: 9.7% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses.
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EPS: RM0.019 (down from RM0.025 in 3Q 2024).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Superlon Holdings Berhad shares are up 5.2% from a week ago.
What about risks? Every company has them, and we’ve spotted 2 warning signs for Superlon Holdings Berhad you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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