Suryoday Bank Revises Interest Rates On FD, Now Offers Highest 9.10% To Senior Citizens

Suryoday Small Finance Bank (SSFB) has revised their interest rates on fixed deposits (FDs) with effect from 07th August 2023.

Following the change in FD interest rates, the bank is now offering the general public an interest rate of 4.00% to 8.60% for FDs under Rs 2 Crore with maturities ranging from 7 days to 10 years. Whereas, for senior citizens, the bank is offering interest rates of 4.50% to 9.10% for the same period.

The bank offers the highest interest rates for the deposit period of 1 year to 3 years including 5 years tax saver FD that ranges between 8.25% to 8.60% for the general public and 8.75% to 9.10% for the senior citizens.

On the deposit period of 2 years to 3 years, the General public will get the highest interest rate of 8.60%, while the senior citizens will get the highest interest rate of 9.10%.

On deposit periods of 1 year to 15 Months and 5 years, the general public will get 8.25% and senior citizens will get 8.75%, respectively. In the deposit period of 15 months and 2 years, the general public will get 8.50% interest while the senior citizens will get 9% interest on their deposits.

One should note that Only Senior Citizens / Retired Personnel (60 years and above) who are Resident Indians are eligible for additional interest rates on FDs.

Interest Rates for Domestic Fixed Deposits Effective From August 07, 2023

Period	Interest Rate (% P.A.)	Senior Citizen Rate (% P.A.)
7 days to 14 days	4.00%	4.50%
15 days to 45 days	4.25%	4.75%
46 days to 90 days	4.50%	5.00%
91 days to 6 months	5.00%	5.50%
Above 6 months to 9 months	5.50%	6.00%
Above 9 months to less than 1 Year	6.00%	6.50%
1 Year	6.85%	7.35%
Above 1 Year to 15 months	8.25%	8.75%
Above 15 months to 2 years	8.50%	9.00%
Above 2 years to 3 years	8.60%	9.10%
Above 3 Years to less than 5 Years	6.75%	7.25%
5 Years	8.25%	8.75%
Above 5 years to 10 years	7.25%	7.75%

Source- Suryodaybank.com