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Suryoday Small Finance Bank Revises Fixed Deposit Interest Rates: Check New Rates Here

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Suryoday Small Finance Bank revised interest rates on its domestic term deposits which are in force from 9th August 2021. This small finance bank allows deposit tenure ranging from 7 days to 10 years and an individual is required to deposit a minimum amount of Rs 1,000 and thereafter in multiples of Rs 1. With both regular fixed deposits and senior citizen deposits Suryoday Small Finance Bank also offers traditional or cumulative/re-investment options on deposits. Here are the latest fixed deposit interest rates of Suryoday Small Finance Bank which you need to know if you are going to open a fixed deposit account with the bank.

 
Suryoday Small Finance Bank Revises Interest On FD: Check New Rates Here

Suryoday Small Finance Bank Regular FD Rates

For a deposit amount of less than Rs 2 Cr, Suryoday Small Finance Bank offers interest rates ranging from 3.25% to 6.75% to the regular citizens. The bank offers the highest interest rates on deposits maturing in 3 years to less than 5 years. After the most recent revision, following are the interest rates on fixed deposits of Suryoday Small Finance Bank for the general public.

PeriodInterest Rate (p.a.)Annualised Yield %
7 days to 14 days3.25%3.25%
15 days to 45 days3.25%3.25%
46 days to 90 days4.25%4.25%
91 days to 6 months4.75%4.75%
Above 6 months to 9 months5.25%5.35%
Above 9 months to less than 1 Year5.75%5.88%
1 Year to 1 Year 6 Months6.50%6.66%
Above 1 Year 6 Months to 2 Years6.50%6.66%
Above 2 Years to less than 3 Years6.25%6.40%
3 Year6.75%6.92%
Above 3 Years to less than 5 Years6.75%6.92%
5 Years6.25%6.40%
Above 5 years to 10 years6.00%6.14%
Source: Bank Website

Suryoday Small Finance Bank FD Rates For Senior Citizens

Resident Indian senior citizens who are 60 years and above are eligible to get additional rates on their deposits if compared to the general public. The bank offers a higher interest rate of 7.30% on deposits maturing in 3 years to senior citizens. For a deposit amount of less than Rs 2 Cr, senior citizens will get the following interest rates on their deposits.

PeriodInterest Rate (p.a.)Annualised Yield %
7 days to 14 days3.25%3.25%
15 days to 45 days3.25%3.25%
46 days to 90 days4.25%4.25%
91 days to 6 months4.75%4.75%
Above 6 months to 9 months5.25%5.35%
Above 9 months to less than 1 Year5.75%5.88%
1 Year to 1 Year 6 Months6.75%6.92%
Above 1 Year 6 Months to 2 Years6.50%6.66%
Above 2 Years to less than 3 Years6.50%6.66%
3 Year7.30%7.50%
Above 3 Years to less than 5 Years6.75%6.92%
5 Years6.50%6.66%
Above 5 years to 10 years6.00%6.14%
Source: Bank Website

Read more about: fd fixed deposit investment
Story first published: Sunday, August 29, 2021, 16:55 [IST]
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