Best FD Interest Rates: If you want to get the highest return on Fixed Deposit, then you have a tremendous opportunity. Suryoday Small Finance Bank has increased the rates on FDs of less than Rs 2 crore by 40 to 160 basis points.
Along with this increase, this small finance bank is offering 4% to 9.10% annual interest on FDs to the general public. For senior citizens, the rates are around 50 basis points and even higher. This bank is offering interest rates ranging from 4.5% to 9.60% on FDs to senior citizens. The new rates have also come into effect from 5 May 2023.
- The interest rate for FD with a tenure of 1 year stands at 6.85%. Whereas, for a period of 1 to 2 years, the rate has increased to 8.50%. On FD of 999 days, this bank is offering interest at the rate of 9% to the common people. Whereas, is offering interest at the highest rate of 9.10% for a period of 5 years.
- Depositors will be able to get the benefit of interest at the rate of 7.25% for a period ranging from 32 months 27 days to 3 and 5 to 10 years. This bank is offering interest at the rate of 7.51% on FDs for 2 years to 998 days.
- Talking about FDs with a tenure of less than 1 year, the FD rates of this bank are between 4% to 6%. You can get FD done for at least 7 days.
- Senior citizens will get interest at the rate of 7.35% on 1 year FD in Suryoday Small Finance Bank. Whereas, on FDs of more than 3 years but less than 5 years, this bank is offering interest at the rate of 7.25%. This bank is offering interest at the rate of 7.75% on FDs ranging from 32 months 27 days to 3 years and 5 years to 10 years.
- This bank is offering the highest interest rate on FD of 5 years. This bank is offering interest at the rate of 9.6% on 5-year FD to senior citizens.
- The special thing is that if a senior citizen wants to get close to 9% interest even on FDs of less than 5 years, then this bank is also giving special offers to such investors. This bank is also offering 9% interest on FDs of 1 to 2 years. Whereas, this bank is offering interest at the rate of 9.5% on 999 days FD. This bank is offering interest at the rate of 9.01% on FDs ranging from 2 years to 998 days.
- This bank is offering interest at the rate of 4.50% to 6.50% to senior citizens for a short period of 7 days to 1 year.
Let us tell you that interest on FDs of more than 6 months in Suryoday Small Finance Bank is calculated on a quarterly basis. However, interest is paid at the time of FD maturity.
