Suryoday Bank FD Rates: Suryoday Small Finance Bank’s Regular Fixed Deposit is designed to ensure the steady and effortless growth of your earnings. With attractive interest rates, multiple interest payout options, and zero penalties on premature closure, it stands as an ideal investment for your hard-earned money.
Suryoday Bank provides a diverse range of Fixed Deposits (FDs) offering a favorable rate of return and various additional benefits. Key features of Suryoday Bank FDs include a nomination facility, flexible tenure options, renewal options, different interest payout choices, and the availability of a loan/overdraft facility. Opening a Suryoday Bank FD online is a hassle-free process, achievable with just a click, ensuring a paper-free experience.
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Interest Rates for Regular Fixed Deposit (Effective from June 01, 2023)
The table below outlines the applicable Fixed Deposit Interest Rates for various tenures. These rates are specifically for Domestic Deposits and are in effect from June 01, 2023.
Suryoday Bank Fixed Deposit Rates for Amounts Less Than 2 Cr.
Period | Interest Rate | Senior Citizen Rate |
---|---|---|
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 | 8.25% | 8.75% |
Above 2 years to 998 days New | 8.25% | 8.75% |
999 Days New | 8.50% | 9.00% |
32 Months 27 Days to 3 Years | 7.25% | 7.75% |
Above 3 Years to less than 5 Years | 6.75% | 7.25% |
5 Years | 9.10% | 9.60% |
Above 5 years to 10 years | 7.25% | 7.75% |
Key Benefits of Suryoday Bank FD Rates
A Fixed Deposit (FD) stands out as one of the most favored financial instruments among the general saving public in India due to its ability to provide a higher rate of interest compared to a regular savings account. It is considered a safe investment option that yields high returns over a specified period.
Flexible options available Suryoday Bank offers flexibility in choosing the type of Fixed Deposit (FD) that suits your financial goals.
Competitive rate of interest Enjoy competitive interest rates that contribute to the growth of your savings.
Simplified on-boarding Experience a hassle-free on-boarding process when opening a Fixed Deposit with Suryoday Bank.
Minimum sum of Rs 1,000 (Rates applicable basis amount) Start investing with a minimum amount of Rs. 1,000, and the interest rates are applicable based on the invested amount.
Available in traditional or cumulative/re-investment plans Select the plan that aligns with your preferences, whether it’s a traditional plan or a cumulative/re-investment plan.
Flexible Tenure Options Choose a fixed deposit tenure that suits your financial requirements, ranging from a minimum of 7 days to a maximum of 10 years.
Auto-Renewal Option Opt for the convenience of auto-renewal at the end of the term, or if not chosen, the principal and interest will be credited to your account.
Premature Withdrawal Facility While the applicable interest rate for premature withdrawal is 1% less than the rate for the original/contracted tenure, flexibility is provided to choose between the two applicable rates.
Suryoday Bank FD Eligibility Criteria
Both new and existing customers of Suryoday Small Finance Bank are eligible to open a Fixed Deposit.
Eligible customer types include Individuals, Minors, Proprietorship, HUF (Hindu Undivided Family), Registered and Unregistered Body, Cooperative Society, Trusts, Partnerships, NGO, and Private Limited.
How to Apply for Suryoday Bank FD
- Visit the nearest branch of Suryoday Small Finance Bank, where our Relationship Manager will guide you through the application process.
- Alternatively, contact us, and our Customer Care Executive will schedule a service appointment with our Relationship Manager to assist you with the application process.
Eligibility
- Resident individuals
- Hindu Undivided Family
- Sole proprietorship firms
- Partnership firms
- Limited companies
- Trusts.
Minimum FD requirement
- Amount: Minimum of Rs. 1,000/-
- Tenure: 7 days
PAN is mandatory for booking Fixed Deposits if the total Fixed Deposit holding exceeds Rs. 50,000 per customer.
Suryoday Bank FD Rates FAQ
Suryoday Small Finance Bank’s Regular Fixed Deposit offers attractive interest rates, multiple interest payout options, and zero penalties on premature closure. It is designed to ensure steady and effortless growth of your earnings.
Suryoday Bank provides a wide range of Fixed Deposits (FDs) with various benefits, including nomination facility, flexible tenure options, renewal facility, different interest payout options, and loan/overdraft facility.
Yes, it is easy to open a Suryoday Bank FD online in a paper-free manner. The process can be completed at the click of a button.
The interest rates for Suryoday Bank FDs vary based on the deposit period. The rates are effective from June 01, 2023, and are applicable to domestic deposits.
Suryoday Bank offers flexible interest payout options for FDs, including simple interest basis for tenures up to 6 months and compounded interest for re-investment FDs.