Small Finance Banks (SFBs) provide higher interest rates than top lenders in the country. The interest rate in these SFBs typically ranges from 8 per cent to 9 per cent annually. As larger banks provide better interest rates to senior citizens, small finance banks also offer higher interest rates to senior citizens. However, rates vary from bank to bank.

This article will compare the one-year FD interest rate for senior citizens in banks like AU Small Finance Bank, Ujjivan Small Finance Bank, Utkarsh Small Finance Bank, and Equitas Small Finance Bank.

This SFB offers a 6.85 per cent interest rate to senior citizens on a 1-year FD scheme.

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Equitas Small Finance Bank offers a 7.75 per cent interest rate to senior citizens on a 1-year FD scheme.

Ujjivan Small Finance Bank gives a 7.75 per cent interest rate to senior citizens on a 1-year FD scheme.

This SFB offers a 6.50 per cent interest rate to senior citizens on a 1-year FD scheme.

This small finance bank gives a 7.90 per cent interest rate to senior citizens on a 1-year FD scheme.