BANK
Suryoday Bank Fixed Deposit
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 |
Key Details
| Type | BANK FD |
| Rate Range | 7.40% – 7.90% |
| Tenors | 12M to 60M |
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.
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.
