Suryoday Small Finance Bank (SFB) has increased the interest rates on fixed deposits by 25-52 basis points (bps) across all tenors with effect from November 2, 2022.
After the revision, the bank is now offering an interest rate of 4 per cent to 8.01 per cent for general public and 4.50 per cent to 8.26 per cent for senior individuals on deposits of less than Rs 2 crore maturing in 7 days to 10 years. Regular customers can now get 8.01 per cent interest rate on deposits of 999 days, while senior ones can get 8.26 per cent interest rate.
The bank said in a statement, ‘This is the highest interest rate that the bank offers to its customers, plus your deposits in this bank are backed by DICGC, within 999 days from your taking an investment decision soon. -Duration targets will be met.
Suryoday Small Finance Bank Latest FD Interest Rates:
- Days 7 to 14: 4.00 percent for the general public; 4.50 percent for senior citizens
- 15 days to 45 days: 4.25 percent for the general public; 4.75 percent for senior citizens
- 46 days to 90 days: 4.50 percent for the general public; 5.00 percent for senior citizens
- 91 days to 6 months: 5.00 percent for the general public; 5.50 percent for senior citizens
- 6 months to 9 months: 5.50 percent for the general public; 6.00 percent for senior citizens
- More than 9 months to less than 1 year: 6.00 percent for general public; 6.50 percent for senior citizens
- 1 year to 1 year 6 months: 7.00 percent for general public; 7.50 percent for senior citizens
- Over 1 year 6 months to 2 years: 7.51 percent for the general public; 8.01 percent for senior citizens
- Above 2 years to 998 days: 7.51 percent for the general public; 8.01 percent for senior citizens
- 999 days: 8.01 percent for the general public; 8.26 percent for senior citizens
- 32 months 27 days to 3 years: 7.25 percent for general public; 7.75 percent for senior citizens
- Above 3 years to less than 5 years: 6.75 percent for general public; 7.25 percent for senior citizens
- 5 years: 6.75 percent for the general public; 7.25 per cent for senior citizens.
