Suryoday SFB Revises Interest Rates On FDs, Now Offers 9.60% To Senior Citizens; Check Rates

Private sector lender Suryoday Small Finance Bank (SSFB) revises interest rates on fixed deposits (FDs) under Rs. 2 crores. The new rates are effective from May 5, 2023, according to the bank's website.

Following the revision, the bank is now FDs with maturities ranging from 7 days to 10 years to the general public at an interest rate of 4% to 9.10% and senior citizens at an interest rate of 4.50% to 9.60%.

The bank is now offering 9% and above the interest rate on two maturity periods that is 999 days and five years. Under 999 days deposit period, the bank offers 9% interest to the general public and 9.50% to senior citizens.

While under the five years deposit period, the bank offers 9.10% to the general public and 9.60% to senior citizens. Under 5 years FD period, the bank offers the highest interest rates.

Interest Rates On Fixed Deposits Below Rs. 2 Crore w.e.f. May 05, 2023

Period	General Rates (%p.a.)	Senior Citizens Rates (%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 2 Year New	8.50%	9.00%
Above 2 years to 998 days	7.51%	8.01%
999 DaysNew	9.00%	9.50%
32 Months 27 Days to 3 Years	7.25%	7.75%
Above 3 Years to less than 5 Years	6.75%	7.25%
5 YearsNew	9.10%	9.60%
Above 5 years to 10 years	7.25%	7.75%

Source - Suryodaybank.com