Bank fd interest rates

As RBI Keeps cutting the interest rates , Fd rates are quite low in all popular banks …

i want know that are small finance banks like au small finance , and ujjivan are safe for Fixed deposit … do they come under that reliability of 5 lakh coverage of DICGC as like other banks ???

No they are nbfc categories. They dont have banking license. Hence they are not under insurance cover

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Despite the high rates, many investors may think that small finance banks are not safe for making investments. … Depositors in these banks are also insured up to a maximum of Rs 5 lakh for both principal and interest amount held by them. So, even if banks get liquidated, investors’ deposits up to Rs 5 lakh are safe.

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