Senior Citizen Highest FD Rate: Suryoday Small Finance Bank is giving 9.10% interest to general customers on 5-year Fixed Deposit (FD). At the same time, the bank is giving 9.60% interest to senior citizens on FDs of the same period.
With interest rates rising, fixed deposits have become a good investment option. Many banks are paying more than 9% interest on Fixed Deposit (FD). One such bank is Suryoday Small Finance Bank. Suryoday Small Finance Bank has revised the interest rates on its Fixed Deposits. The bank has increased the interest rate of fixed deposits (FD) from 1 to 5 years by 49 to 160 basis points (0.49% to 1.60%). The new interest rates of Suryoday Small Finance Bank are effective from 5 May 2023.
9.6% interest is being received on FD for this period
Suryoday Small Finance Bank is giving 9.10% interest to general customers on 5-year Fixed Deposit (FD). At the same time, the bank is giving 9.60% interest to senior citizens on FDs of the same duration. Suryoday Small Finance Bank is offering 4% to 9.10% interest to its general customers on Fixed Deposits ranging from 7 days to 10 years.
At the same time, the bank is giving 4.50% to 9.60% interest on FDs of this duration to senior citizens. Suryoday Small Finance Bank is paying 7.25% interest to general customers on fixed deposits above 5 years and up to 10 years. At the same time, 7.75% interest is being given to senior citizens on FDs of this period.
Bank is giving up to 7% interest on savings account
Suryoday Small Finance Bank is offering up to 7% interest on savings account customers with a balance above Rs 5 lakh and up to Rs 2 crore. Suryoday Small Finance Bank is protected by Deposit Insurance and Credit Guarantee Corporation (DICGC). That is, your investment up to Rs 5 lakh is covered under insurance.
Suryoday Small Finance Bank is paying 3.75% interest on deposits up to Rs 1 lakh in savings account. At the same time, interest of 6.75% is being received on deposits above Rs 1 lakh and up to Rs 5 lakh. The bank is paying 7% interest on savings account deposits above Rs 50 lakh and up to Rs 2 crore.
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