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Suryoday Small Finance Bank Revises Interest Rates On FD: Latest Rates Here
Suryoday Small Finance Bank offers fixed deposit schemes with attractive interest rates to both regular citizens and senior citizens. The bank requires a minimum deposit amount of Rs 1000 and thereafter in multiples of Rs. 1/- to open a fixed deposit account for a maturity period ranging from 7 days to 10 years. Suryoday SFB offers multiple benefits on its fixed deposit schemes such as cumulative/re-investment plans, auto-renewing of FD, premature withdrawal option, additional interest rate for senior citizens, and so on. With effect from 9th September 2021, the bank has revised interest rates on domestic fixed deposits of less than Rs 2 Cr which are as follows.
Suryoday Small Finance Bank Interest Rates On Regular Deposits
For a deposit amount of less than Rs 2 Cr and with effect from 9th September 2021, Suryoday Small Finance Bank is currently offering the following interest rates to the general public on their deposits.
| Period | Interest Rate (p.a.) | Annualized Yield (p.a.) |
|---|---|---|
| 7 days to 14 days | 3.25% | 3.25% |
| 15 days to 45 days | 3.25% | 3.25% |
| 46 days to 90 days | 4.25% | 4.25% |
| 91 days to 6 months | 4.75% | 4.75% |
| Above 6 months to 9 months | 5.25% | 5.35% |
| Above 9 months to less than 1 Year | 5.75% | 5.88% |
| 1 Year to 1 Year 6 Months | 6.50% | 6.66% |
| Above 1 Year 6 Months to 2 Years | 6.50% | 6.66% |
| Above 2 Years to less than 3 Years | 6.25% | 6.40% |
| 3 Years | 7.00% | 7.19% |
| Above 3 Years to less than 5 Years | 6.50% | 6.66% |
| 5 Years | 6.75% | 6.92% |
| Above 5 years to 10 years | 6.00% | 6.14% |
| Source: Bank Website, W.e.f. September 9, 2021 |
Suryoday Small Finance Bank FD Interest Rates For Senior Citizens
Suryoday Small Finance Bank is presently offering the following interest rates on deposits of less than Rs 2 crore to Senior Citizens / Retired Personnel aged 60 years or above.
| Period | Interest Rate (p.a.) | Annualized Yield (p.a.) |
|---|---|---|
| 7 days to 14 days | 3.25% | 3.25% |
| 15 days to 45 days | 3.25% | 3.25% |
| 46 days to 90 days | 4.25% | 4.25% |
| 91 days to 6 months | 4.75% | 4.75% |
| Above 6 months to 9 months | 5.25% | 5.35% |
| Above 9 months to less than 1 Year | 5.75% | 5.88% |
| 1 Year to 1 Year 6 Months | 6.75% | 6.92% |
| Above 1 Year 6 Months to 2 Years | 6.75% | 6.92% |
| Above 2 Years to less than 3 Years | 6.50% | 6.66% |
| 3 Years | 7.30% | 7.50% |
| Above 3 Years to less than 5 Years | 6.50% | 6.66% |
| 5 Years | 7.00% | 7.19% |
| Above 5 years to 10 years | 6.00% | 6.14% |
| Source: Bank Website, W.e.f. September 9, 2021 |
