Suryoday Small Finance Bank Revises Interest Rates On FD, Check New Rates Here
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Investment
oi-Vipul Das
Suryoday Small Finance Bank revises its fixed deposit interest rates as of June 21, 2021. Suryoday Bank’s FD rate ranges from 3.25 per cent to 6% for general customers and 3.25 per cent to 6% for senior citizens for deposits ranging from 7 days to 10 years after the most recent adjustment. The bank offers the highest rate of interest on five-year deposits. The general public and elderly citizens will get 6.25 per cent and 6.50 per cent interest on their deposits, respectively.
Suryoday Small Finance Bank FD Rates
Below are the most recent fixed deposit interest rates of Suryoday Small Finance Bank which are in force from June 21, 2021 for a deposit amount of less than Rs 2 Cr.
| Tenure | Regular FD Rates | Senior Citizen FD Rates |
|---|---|---|
| 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% | 5.25% |
| Above 9 months to less than 1 Year | 5.75% | 5.75% |
| 1 Year to 1 Year 6 Months | 6.50% | 6.75% |
| Above 1 Year 6 Months to 2 Years | 6.50% | 6.50% |
| Above 2 Years to 3 Years | 6.25% | 6.50% |
| Above 3 Years to less than 5 Years | 6.75% | 6.75% |
| 5 Years | 6.25% | 6.50% |
| Above 5 years to 10 years | 6.00% | 6.00% |
| Source: Bank Website |
Note
Capital Small Finance Bank and Equitas Small Finance Bank both cut interest rates on June 3rd and 1st June 2021. On a 900-day FD, Capital Small Finance Bank provides the highest interest rate of 6.25 per cent, while Equitas Small Finance Bank provides the highest rate of 6.5 per cent on an 888-day FD. Among the interest rates on fixed deposits, Small Finance Banks always provide the highest rate. For instance, according to their websites, Utkarsh Small Finance Bank for a deposit period of 700 days and North East Small Finance Bank for a deposit period of 777 days are the banks that provide a 7% interest rate on FDs which is much higher than the interest rates of leading private and public sector banks.
Story first published: Tuesday, June 22, 2021, 15:55 [IST]
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