Suryoday Small Finance Bank (SFB) has changed the interest rates on FDs of less than Rs 2 crore. According to the official website of the bank, the new rates have come into effect from December 6, 2022. Mature in 5 years The bank is offering a maximum of 9.01% interest to the common citizen on the upcoming Fixed Deposit, while it is offering 9.26% interest to the senior citizens.

Only senior citizens and retired employees who are resident Indians and are at least 60 years old are eligible for the additional interest rate benefit. Interest calculation on Term Deposits Simple interest is paid on maturity for deposits of less than 6 months, on quarterly basis for deposits of more than 6 months.

FD Interest Rates Suryoday Small finance bank revises fixed deposit rates now offer over 9 percent check details

Suryoday SFB is offering 4% interest on FDs maturing in 7 days to 14 days and 4.25% interest on FDs maturing in 15 to 45 days. The interest rate on deposits of 46 to 90 days is 4.50%, while deposits of 91 days to 6 months will get 5% interest.

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