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Small Finance Bank FD Rates

The 8%+ rates — and the ₹5 lakh DICGC limit that governs them.

By Nishit Kumar, Founder & Editor
Updated 17 August 2026
BankTypeGeneral publicSenior citizenBest tenure
Shivalik Small Finance BankSFB8.00%8.50%Specified tenures
Unity Small Finance BankSFB8.00%8.50%Specified tenures
Jana Small Finance BankSFB7.80%8.30%2–3 years
Suryoday Small Finance BankSFB7.75%8.25%2–3 years
Utkarsh Small Finance BankSFB7.75%8.25%2–3 years

Data as of 15 Aug 2026Source: Bank rate cards and published comparisons, August 2026 (deposits below ₹3 crore)Pending issuer verification

Worth knowing.Small finance banks pay the most because they are raising deposits to fund higher-risk lending. That is not a reason to avoid them — it is a reason to respect the ₹5 lakh DICGC insurance limit, which covers principal plus interest per depositor per bank. Splitting across banks keeps every rupee insured. Remember FD interest is taxed at your slab rate on accrual, so a 7% FD nets roughly 4.9% in the 30% bracket.

Questions

How often is this rate table updated?

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Advertised rates are the best case, reserved for applicants with a high credit score, stable income and a favourable profile. Your offer depends on your credit score, employer, income and existing obligations. Treat published rates as the floor, not the quote.

Worth knowing.Rates, fees and terms change frequently and vary by applicant. Everything here is general information, not personalised advice. Confirm the current terms directly with the institution before you apply. How we research and rate.