Higher FDs at Small Finance Banks
Looking for a higher interest rate on fixed deposits (FDs)? You have the option to go to small finance banks (earlier non-banking finance company—NBFC) licensed by the Reserve Bank of India (RBI). With competition among small finance banks (SFBs), customers can expect to get interest rates up to 150-200 basis points (bps) higher than those offered by scheduled commercial banks (public and...
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