11 thoughts on “Get up to 9% in Small Bank FDs (9.5% for Senior Citizens) – February 2020”

  1. These banks were mostly microfinance institutions previously who will pass on the higher interest rates to poor people. So I would think twice before investing in these banks.

  2. Ujjivan Small Finance is a revolution in today’s banking with practically zero balance account, 9% interest on Fixed Deposit with zero penalty after 6 months and Mobile banking which is rated highest among all banks.

    Contact Nitin Goyal
    Mobile 88666-81683

  3. suresh @ myinvestmentideas.com

    Good update Amit. One of the biggest problem with these small finance banks is their location of operation. Since they operate in limited locations, all investors cannot take advantage of such high FD rates. Once they start operating from major locations, such small banks gains importance

  4. Hi Mr Amit

    I’m a NRI, will plan to invest NRE FD Rs1000000 ESAF small finance bank without saving account how this bank is it safe? my home town don’t have any branches in ESAF bank is it ok for do only online communication? Please help to answer

    Thank you have a good day

  5. people who prefer branch banking may go with yes bank…because ,”EVERY BRANCH IS HOME BRANCH” is their policy and also offers good int. on deposites

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