BANK
CRISIL A1+
Suryoday Bank Fixed Deposit 2026
Interest rates for general and senior citizen investors
7.90%
Max Rate
7.40%
Min Rate
8.10%
Sr. Citizen Max
12M–60M
Tenor Range
FD Interest Rates
| Tenor | General | Senior Citizen | Payment |
|---|---|---|---|
| 5 Years | 7.90% | 8.10% | Cumulative |
| 1 year | 7.40% | 7.60% | Annual |
Indicative Returns on ₹1,00,000
For a ₹1,00,000 deposit in Suryoday Bank Fixed Deposit at the general rate, here is the projected interest and maturity value for each tenor.
| Tenor | Rate | Payment | Periodic Income | Total Interest | Maturity Value | Effective CAGR |
|---|---|---|---|---|---|---|
| 5 Years | 7.90% | Cumulative | — | ₹46,254 | ₹146,254 | 7.90% |
| 1 year | 7.40% | Annual | ₹7,400 | ₹7,400 | ₹100,000 | 7.40% |
Indicative only, at the general rate. Not investment advice.
About Suryoday Bank
Suryoday Small Finance Bank is a scheduled commercial bank that originally began operations as a microfinance institution in 2008 before transitioning into a retail bank in 2017. Headquartered in Navi Mumbai, the publicly listed bank operates a network of over 700 banking outlets across 16 states, serving more than 42 lakh customers. It specializes in financial inclusion by serving underbanked retail segments while simultaneously scaling its digital capabilities and offering premium yields on consumer deposits.
FD Calculator
Enter an amount above to see projections.
Year-wise Breakdown
| Year | Interest Earned | Cumulative |
|---|
Projections are indicative only. Not investment advice.
Enquire Now All Fixed DepositsPremature Withdrawal Rules
Yes, you can withdraw your Fixed Deposit prematurely. A lock-in period of 7 days applies. Premature withdrawal is allowed only after the deposit has completed 7 days from the date of booking. The applicable interest rate for the actual period the deposit remained with the bank will be paid. A penalty of 1% will be deducted from the applicable interest rate for premature withdrawal, as per the bank's policy.
Frequently Asked Questions
Is it safe to invest in Suryoday Small Finance Bank Fixed Deposits?
Yes, investing in Suryoday Bank FDs is safe. Just like major public and private sector banks in India, Suryoday Small Finance Bank is regulated by the Reserve Bank of India (RBI). Furthermore, all deposits are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to a maximum of ₹5 Lakh per depositor, covering both principal and interest amounts.
How is interest calculated and paid out on Suryoday Bank FDs?
Suryoday Bank calculates interest based on the tenure of the deposit. For short-term tenures of up to 6 months, interest is calculated on a simple interest basis at maturity. For tenures exceeding 6 months, interest is compounded quarterly for cumulative/reinvestment schemes, maximizing your yield via annualized returns.
What is the highest fixed deposit (FD) interest rate offered by Suryoday Bank?
The highest fixed deposit interest rate offered by Suryoday Small Finance Bank is 8.10% p.a. for regular regular investors and 8.25% p.a. for senior citizens. This peak rate is applicable on the 30-month tenure for domestic deposits under ₹3 Crores.
What is the minimum investment for Suryoday Bank FD
Minimum is ₹1,000
Is interest on Fixed Deposit Taxable
- FD interest is ADDED to your income tax slab
- TDS applies if interest > ₹40,000/year (₹50,000 for seniors)
- Use Form 15G/15H or new Form 121 to avoid TDS if below taxable limit [web:18]
- No EGR or capital gains tax benefit like mutual funds
Will a Savings account be opened while booking a FD in Suryoday Small Finance Bank?
No, a savings account will not be opened when booking an FD with Suryoday Small Finance Bank.
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View all →Disclaimer: Rates are indicative and subject to change. NBFC and corporate FDs are not covered under DICGC deposit insurance. Please read the FD terms carefully and consult your financial advisor before investing.
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