Suryoday Small Finance Bank Revises Fixed Deposit Interest Rates: Check New Rates Here
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Investment
oi-Vipul Das
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 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.
| Period | Interest Rate (p.a.) | Annualised Yield % |
|---|---|---|
| 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 Year | 6.75% | 6.92% |
| Above 3 Years to less than 5 Years | 6.75% | 6.92% |
| 5 Years | 6.25% | 6.40% |
| Above 5 years to 10 years | 6.00% | 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.
| Period | Interest Rate (p.a.) | Annualised Yield % |
|---|---|---|
| 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 | 6.50% | 6.66% |
| Above 2 Years to less than 3 Years | 6.50% | 6.66% |
| 3 Year | 7.30% | 7.50% |
| Above 3 Years to less than 5 Years | 6.75% | 6.92% |
| 5 Years | 6.50% | 6.66% |
| Above 5 years to 10 years | 6.00% | 6.14% |
| Source: Bank Website |
Story first published: Sunday, August 29, 2021, 16:55 [IST]
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