Ujjivan Small Finance Bank
Ujjivan Small Finance Bank provides up to 7% rate of interest on financial savings accounts, which is undoubtedly a lot larger than the rates of interest on fastened deposits of main public sector banks. This financial institution gives a variety of financial savings accounts for protecting the wants of various kinds of prospects similar to Garima Savings Account, Regular Savings Account, Minor Savings Account, Senior Citizen Savings Account, Privilege Savings Account, and Digital Savings Account. Below are the rates of interest on home and non-resident financial savings accounts of Ujjivan Small Finance Bank that are in pressure from sixth March 2021.
| Amount | Interest Rate In % (p.a.) |
|---|---|
| Up to 1 lakh | 4.00% |
| > 1 Lakh to 25 Lakhs | 7.00% |
| > 25 lakhs to 10 Crores | 6.00% |
| > 10 crores | 6.75% |
| Source: Bank Website |
Utkarsh Small Finance Bank
Among the small finance banks, Utkarsh Small Finance Bank additionally gives larger rates of interest as much as 7% on financial savings accounts. For various kinds of buyer segments, the financial institution gives a plethora of financial savings account choices similar to Standard Savings Account, Premium Savings Account, Geo-Nex Savings Account, Salary Account, Basic Savings Bank Deposit Account, and Basic Savings Bank Deposit Account (small). Here are the rates of interest on home financial savings accounts that are in pressure from 1st July 2021.
| Balance in Rs | Rate of Interest |
|---|---|
| Balance Upto 1 Lakh | 5.00% p.a. |
| Incremental steadiness Above 1 Lakh upto 25 Lakhs | 6.00% p.a. |
| Incremental Balance Above 25 Lakhs upto 10 Crores | 7.00% p.a. |
| Incremental Balance Above 10 Crores | 6.75% p.a. |
| Source: Bank Website |
Equitas Small Finance Bank
Equitas Small Finance Bank additionally gives various kinds of financial savings accounts similar to Eva Savings Account, Eva Elite Savings Account, Wings Savings Account, Regular Savings Account,Elite, My Savings Account, Selfie Savings Account, and Basic and Small Savings Account. With impact from sixteenth August 2021, Equitas Small Finance Bank is promising the next rates of interest on financial savings accounts.
| Daily Closing Balance | Rate Slab |
|---|---|
| Up to Rs 1 lakh | 3.50% |
| Above Rs 1 lakh and upto Rs 1 cr | 7.00% |
| Above Rs 1 cr | 6.00% |
| Source: Bank Website |
Fincare Small Finance Bank
With as much as 7% rates of interest on financial savings accounts, Fincare Small Finance Bank permits free withdrawals in additional than 2 lakh ATMs, free transactions throughout NEFT, IMPS, RTGS, paperless account process, 24/7 web banking facility, superb debit card gives and rather more. This small finance financial institution gives a variety of financial savings account choices similar to Priority Account, Prime Savings Account, Priority Plus Account, BSBDA account, Pro-Priority Savings Account, 101 Priority, 101 First, power account and smart saver account. With impact from 1st July 2021, Fincare Small Finance Bank gives the next rates of interest on financial savings accounts.
| Savings Account Slab In Rs | Interest Rates In % (p.a.) |
|---|---|
| Up to and together with Rs 1 lakh | 4.50% |
| Above 1 lakh & together with 5 lakh | 6.00% |
| Above 5 lakh & together with 1 Cr | 7.00% |
| Above 1 Cr & together with 2 Cr | 6.00% |
| Above 2 Cr & together with 5 Cr | 5.75% |
| Above 5 Cr & together with 15 Cr | 4.50% |
| Above 15 Cr & together with 20 Cr | 4.00% |
| Above 20 Cr & together with 30 Cr | 3.25% |
| Above 30 Cr & together with 50 Cr | 3.00% |
| Above 50 Cr | 3.00% |
| Source: Bank Website |
AU Small Finance Bank
Along with larger rates of interest of as much as 7% AU Small Finance Bank gives a variety of financial savings accounts similar to AU Savings Account, AU Senior Citizen Account, AU Salary Account, AU Institution Account, AU Student Account AU Female Account, AU Kids Account, AU NRI Account, AU ABHI Account and AU Digital Savings Account. With impact from sixteenth July 2021, AU Small Finance Bank is providing the below-listed rates of interest on home, NRE, NRO financial savings accounts.
| Savings Account Incremental Amount slab | Rate of Interest Applicable (every year) |
|---|---|
| Balances lower than INR 1 Lac | 3.50% |
| Balances from INR 1 Lac to lower than INR 10 Lacs | 5.00% |
| Balances from INR 10 Lacs to lower than INR 25 Lacs | 6.00% |
| Balances from INR 25 Lacs to lower than INR 2 Crores | 7.00% |
| Balances from INR 2 Crores to lower than INR 10 Crores | 6.00% |
| Source: Bank Website |
Story published: August 29, Sunday, 2021, 13:33 P.M