Boon time for bank deposit holders as Fixed Deposit rates are up again. Small Finance banks are leading the race here attracting depositors. Mumbai headquartered Suryoday Small Finance Bank which is one of the leading small finance bank in terms of offering higher interest rates, has recently revised the retail fixed deposit rates. Suryoday Bank now offer 8.26% for senior citizens and 8.01% to its regular customers which are the bank’s highest interest rates in fixed deposit.
Look at the detailed interest rate which Suryoday is offering to its customers below :
- 7-14 days is at 4% for regular customers & 4.5% for senior citizens.
- 15-45 days is kept at 4.25% rate. Senior citizens will get 4.75% in this tenure.
- 46-90 days is revised to 4.50% & 5% for regular and senior citizen respectively.
- 91 days – 6 months is at 5% for regular customers & 5.5% for senior citizens.
- 6 months above-9 months is up now at 5.5% for regular customers & 6% for senior citizens.
- 9 months above – less than 1 year will give 6% for regular customers & 6.5% for senior citizens.
- 1 year – 1 year 6 months also sees an increase to 7% for regular customers & 7.5% for senior citizens.
- 1 year 6 months above – 998 days is at 7.51% for regular customers & 8.01% for senior citizens.
- 999 days will now give 8.01% for regular customers & 8.26% for senior citizens. This is the bank’s highest FD rate in any tenure.
- Above 999 days – 3 years is revised to 7.25% for regular customers & 7.75% for senior citizens.
- 3 years above – less than 5 years at 6.75% for regular customers & 7.25% for senior citizens.
- 5 years tenure offers 6.75% for regular customers & 7.25% for senior citizens.
- 5 years above – 10 years is revised to 6% for regular customers & 6.5% for senior citizens.
These new rates are applicable from November 2, 2022 for retail fixed deposits (FDs which are less than Rs. 2 crore value).