Suryoday Small Finance Bank offers FD interest rates of 4.00-8.51% p.a. to the general public and 4.50-8.76% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Suryoday Small Finance Bank Tax Saving FDs is 8.51% p.a. for the general public and 8.76% p.a. for senior citizen depositors for tenures of 5 years. The bank also offers various fixed deposit products for NRIs, such as NRO and NRE fixed deposits. Suryoday Small Finance Bank has been recognised as a scheduled bank by the RBI, which makes its depositors eligible for deposit insurance provided by the Depositor Insurance and Credit Guarantee Corporation (DICGC). The deposit insurance cover from DICGC, an RBI subsidiary, insures cumulative deposits up to Rs 5 lakh made by each depositor, including his fixed deposits, savings, current, and recurring deposits, in each scheduled bank in case of the failure or merger/amalgamation of a scheduled bank.
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*Rates are subject to change as per the bank's discretion.
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Suryoday Small Finance Bank FD Interest Rates (p.a.) Highlights 2023 | |
| Highest slab rate | 8.51% (for 999 days) |
| For 1 year | 7.00% |
| For 2 years | 8.01% |
| For 3 years | 7.25% |
| For 4 years | 6.75% |
| For 5 years | 6.75% |
| Tax-Saving FD | 6.75% |
The interest rates are updated as of 24 January 2023
Card limit is 100% of FD Amount
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8%INTEREST ON FD| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 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 to 1 year 6 months | 7.00 | 7.50 |
| Above 1 year 6 months to 2 years | 8.01 | 8.51 |
| Above 2 years to 998 days | 7.51 | 8.01 |
| 999 days | 8.51 | 8.76 |
| 32 months 27 days to 3 years | 7.25 | 7.75 |
| Above 3 years to less than 5 years | 6.75 | 7.25 |
| 5 years | 6.75 | 7.25 |
| Above 5 years to 10 years | 6.00 | 6.50 |
Note: 1. Only senior citizens who are resident Indians are eligible for additional interest rates (25-50 bps)
FDs of up to ₹5 lakhs insured by RBI
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| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| Tax Savings Fixed Deposit (5 years) | 6.75 | 7.25 |
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| Tenure | Interest Rates (% p.a.) |
| 1 year to 1 year 6 months | 7.00 |
| Above 1 year 6 months to 2 years | 8.01 |
| Above 2 years to 998 days | 7.51 |
| 999 days | 8.51 |
| 32 months 27 days to 3 years | 7.25 |
| Above 3 years to less than 5 years | 6.75 |
| 5 years | 6.75 |
| Above 5 years to 10 years | 6.00 |
| Tenure | Interest Rates (% p.a.) |
| 7 days to 14 days | 4.00 |
| 15 days to 45 days | 4.25 |
| 46 days to 90 days | 4.50 |
| 91 days to 6 months | 5.00 |
| Above 6 months to 9 months | 5.50 |
| Above 9 months to less than 1 year | 6.00 |
| 1 year to 1 year 6 months | 7.00 |
| Above 1 year 6 months to 2 years | 8.01 |
| Above 2 years to 998 days | 7.51 |
| 999 days | 8.51 |
| 32 months 27 days to 3 years | 7.25 |
| Above 3 years to less than 5 years | 6.75 |
| 5 years | 6.75 |
| Above 5 years to 10 years | 6.00 |
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Planning your investment before investing makes it worth an investment. This is the idea behind an FD calculator. This is a tool that is available free of cost on Paisabazaar.com. Using this fixed deposit calculator, interested customers can have an idea of how much they will earn by putting their money in any of the FD schemes by Suryodaya Small Finance Bank.
To use the tool for returns on Suryoday fixed deposit schemes, the customer needs to enter FD amount, tenure (in years and/or months), and the corresponding FD rate from the list of current Suryoday Small Finance Bank FD rates. On submission, the calculator shall display the interest earned as well as the maturity amount.
Q. What is the highest Suryoday Small Finance Bank FD rate currently?
At present, Suryoday Small Finance Bank offers the highest FD interest rate at 8.51% for general public and 8.76% for senior citizens. This FD rate applies to deposits maturing in 5 years.
Q. Can I premature withdraw my tax saver FD?
No. Premature withdrawal is not allowed in a 5-year tax saver FD.
Q. How to avoid TDS?
To avoid TDS, the depositor is required to submit Form 15G (15H for senior citizens). This form needs to be submitted, properly filled and duly signed, every financial year.
Q. I’ve lost my PAN card. How do I open a Suryoday Bank FD?
Those who are not able to furnish their PAN can still open a fixed deposit with Suryoday Bank by submitting a filled and signed Form 60/61.
