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Suryoday SFB Revises Interest Rates On FDs, Now Offers 9.60% To Senior Citizens; Check Rates
Private sector lender Suryoday Small Finance Bank (SSFB) revises interest rates on fixed deposits (FDs) under Rs. 2 crores. The new rates are effective from May 5, 2023, according to the bank's website.
Following the revision, the bank is now FDs with maturities ranging from 7 days to 10 years to the general public at an interest rate of 4% to 9.10% and senior citizens at an interest rate of 4.50% to 9.60%.
The bank is now offering 9% and above the interest rate on two maturity periods that is 999 days and five years. Under 999 days deposit period, the bank offers 9% interest to the general public and 9.50% to senior citizens.
While under the five years deposit period, the bank offers 9.10% to the general public and 9.60% to senior citizens. Under 5 years FD period, the bank offers the highest interest rates.
Interest Rates On Fixed Deposits Below Rs. 2 Crore w.e.f. May 05, 2023
| Period | General Rates (%p.a.) | Senior Citizens Rates (%p.a.) |
|---|---|---|
| 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 | 6.85% | 7.35% |
| Above 1 Year to 2 Year New | 8.50% | 9.00% |
| Above 2 years to 998 days | 7.51% | 8.01% |
| 999 DaysNew | 9.00% | 9.50% |
| 32 Months 27 Days to 3 Years | 7.25% | 7.75% |
| Above 3 Years to less than 5 Years | 6.75% | 7.25% |
| 5 YearsNew | 9.10% | 9.60% |
| Above 5 years to 10 years | 7.25% | 7.75% |
Source - Suryodaybank.com
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