Small finance banks are offering some of the highest fixed-deposit rates in the market, with selected tenures paying as much as 8.50 per cent. Several such lenders currently offer rates above 8 per cent.
Large banks, by comparison, are offering rates of up to about 6.75 per cent. Depositors should compare tenure, premature-withdrawal rules and deposit-insurance limits—not only the headline rate—before choosing where to place their money.
Source: Business Standard. This report is an original summary based on the cited source.
