FD interest rate hike: Suryoday Small Finance Bank is offering interest rates ranging from 4.50 percent to 9.25 percent to senior citizens.
Suryoday Small Finance Bank FD Rate: Compared to major banks, small finance banks offer higher interest rates on fixed deposits. Suryoday Small Finance Bank is also one such SFB. This bank has increased its interest rates on FD. The bank has increased the interest rate on FDs of some selected tenures with amounts less than Rs 2 crore. The new interest rate has come into effect from March 1, 2024. Suryoday Small Finance Bank has increased the interest rate on 25 month FD by 0.41 percent. The bank gave this information by issuing a press release.
Interest rate increased from 4% to 9.01%
After this change, now the bank is offering interest rates ranging from 4 percent to 9.01 percent to ordinary citizens on FD amount of less than Rs. 2 crores. At the same time, the bank is offering interest rates ranging from 4.50 percent to 9.25 percent to senior citizens.
8.25% rate on 5 year FD
Suryoday Small Finance Bank is offering 6.85 percent interest to general citizens and 7.35 percent interest to senior citizens on 1 year FD. The interest rate on FD from 15 months to 2 years is 8.50 percent and 9 percent. On 5 year FD, the bank is offering 8.25 percent interest rate to general citizens and 8.75 percent interest rate to senior citizens. On FDs of more than 5 years and up to 10 years, the bank is offering 7.25 percent interest rate to general citizens and 7.75 percent interest rate to senior citizens.
Interest rate on 7 day FD
Apart from this, the interest rate on FD of 7 days to 14 days is 4 percent and 4.50 percent for general citizens and senior citizens respectively, 4.25 percent and 4.75 percent for FD of 15 days to 45 days, FD of 46 days to 90 days. The interest rate is 4.50 percent and 5 percent for FD, 5 percent and 5.50 percent for FD from 91 days to 6 months.
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