Suryoday Small Finance Bank Latest Fixed Deposit Interest Rates
Rates for amount < 2 Crore
Domestic Deposits ( Effective: From November 02, 2022 )
For Fixed For Fixed Deposit of amounts Rs. 2 Crore and above, please contact nearest Suryoday Small Finance Bank Branch or call Smile Centre on 1800-266-7711
Rates for Domestic Fixed Deposits:
| Period | Interest Rate (Per Annum) |
Annualised Yield° (%) |
Senior Citizen Rate # (Per Annum) |
Annualised Yield° (%) |
|---|---|---|---|---|
| 7 days to 14 days | 4.00% | 4.00% | 4.50% | 4.50% |
| 15 days to 45 days | 4.25% | 4.25% | 4.75% | 4.75% |
| 46 days to 90 days | 4.50% | 4.50% | 5.00% | 5.00% |
| 91 days to 6 months | 5.00% | 5.00% | 5.50% | 5.50% |
| Above 6 months to 9 months | 5.50% | 5.61% | 6.00% | 6.14% |
| Above 9 months to less than 1 Year | 6.00% | 6.14% | 6.50% | 6.66% |
| 1 Year to 1 Year 6 Months | 7.00% | 7.19% | 7.50% | 7.71% |
| Above 1 Year 6 Months to 2 Years | 7.51% | 7.72% | 8.01% | 8.25% |
| Above 2 years to 998 days | 7.51% | 7.72% | 8.01% | 8.25% |
| 999 Days | 8.01% | 8.25% | 8.26% | 8.52% |
| 32 Months 27 Days to 3 Years | 7.25% | 7.45% | 7.75% | 7.98% |
| Above 3 Years to less than 5 Years | 6.75% | 6.92% | 7.25% | 7.45% |
| 5 Years | 6.75% | 6.92% | 7.25% | 7.45% |
| Above 5 years to 10 years | 6.00% | 6.14% | 6.50% | 6.66% |
Note for Fixed Deposits:
- For Fixed Deposit amounting to Rs. 2 Crore and above, please contact nearest Suryoday Small Finance Bank Branch or call on 1800-266-7711
- °-Annualised yield is calculated on the basis of quarterly compounding for 12 months period
- #-Only Senior Citizens / Retired Personnel (60 years and above) who are Resident Indians are eligible.
- Interest rates are subject to change from time to time. Applicable interest rates will be given as on the date / time of receipt of the funds by the bank.
- When you open a Fixed deposit with Suryoday Small Finance Bank Ltd. Interest on Term Deposits is calculated as below:
- On a Quarterly basis for deposits of tenor above 6 months.
- Simple interest is paid at maturity for deposits of less than equal to 6 months.
- Cumulative Interest/ re-investment interest is calculated every quarter and is added to the Principal such that Interest is paid on the Interest earned in the previous quarter as well.
- In case of monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at discounted rate over the Standard FD Rate.
- Tax at source is deducted as per the Income Tax regulations prevalent from time to time.
- The Bank computes interest based on the actual number of days in a year. In case, the Deposit is spread over a leap and a non-leap year, the interest is calculated based on the number of days i.e.,366 days in a leap year & 365 days in a non-leap year. The period of Fixed Deposit is calculated in number of days.
- The Minimum tenure for earning FD interest is 7 days.
- The rate applicable on premature withdrawal would be 1% less than the rate applicable from the lower of the two:
- Rate for original /contracted tenure for which the deposit has been booked (as on the date of booking the deposit).
- Rate for the actual tenure for which the deposit was in force with the Bank (as on the date of booking the deposit).
- As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD.
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