Suryoday Small Finance Bank FD: Suryoday Small Finance Bank is offering interest rates ranging from 4 percent to 9.01 percent to common citizens on FD. At the same time, the bank is offering interest rates ranging from 4.50 percent to 9.25 percent to senior citizens.
The biggest power that senior citizens have is their savings, hence they look for ways of investment where they can get guaranteed and better returns. For most senior citizens, fixed deposit i.e. FD is an excellent means of investment. Generally, Small Finance Banks offer higher interest on FD as compared to big government and private banks. Recently Suryoday Small Finance Bank has increased its interest rates on FD.
Suryoday Small Finance Bank (SSFB) has increased the interest rates on FDs of select tenures with amounts less than Rs 2 crore. The bank has increased the interest rate on 25 month FD by 0.41 percent. The new interest rates of Suryoday Small Finance Bank have become effective from March 1, 2024.
Interest rate increased from 4 percent to 9.25 percent.
After this change, Suryoday Small Finance Bank is now offering interest rates from 4 percent to 9.01 percent to common citizens on FD. At the same time, the bank is offering interest rates ranging from 4.50 percent to 9.25 percent to senior citizens.
Interest rate up to 7.75 percent on savings account:
The bank is also offering interest rate up to 7.75 percent to its savings account customers in the slab of Rs 5 to Rs 25 crore.
Suryoday Small Finance Bank FD rates (less than Rs 2 crore)
7 days to 14 days: For general public – 4.00 per cent; For senior citizens – 4.50 per cent
15 days to 45 days: For general public – 4.25 per cent; For senior citizens – 4.75 per cent
46 days to 90 days: For general public – 4.50 per cent; For Senior Citizen – 5.00 per cent
91 days to 6 months: For General Public – 5.00 per cent; For senior citizens – 5.50 per cent
Above 6 months – 9 months: For general public – 5.50 per cent; For Senior Citizen – 6.00 per cent
Above 9 months – Less than 1 year: For General Public – 6.00 per cent; For Senior Citizen – 6.50 per cent
1 year: For General Public – 6.85 per cent; For Senior Citizen – 7.35 per cent
Above 1 year – 15 months: For General Public – 8.25 per cent; For senior citizens – 8.75 percent
Above 18 months – 2 years: For general public – 8.50 percent; For Senior Citizen – 9.00 per cent
Above 2 years – 2 years 1 day: For General Public – 8.60 per cent; For Senior Citizen – 9.10 per cent
2 years 2 days: For General Public – 8.65 per cent; For Senior Citizen – 9.10 per cent
2 years 3 days to less than 25 months: For General Public – 8.60 per cent; For Senior
Citizen – 9.10 per cent
2 years 1 month (25 months): For General Public – 9.01 per cent; For senior citizens – 9.25 percent
