Now this bank, a private sector small finance bank, has also increased the interest rate for its customers. Now customers falling in the category of senior citizens can get more than 9% interest on FDs of this bank.
Giving information, Suryoday Small Finance Bank (SSFB) said in a statement that it has updated the interest rate on its fixed deposits with effect from August 07, 2023.
In the last few days, the interest offered on FD by all types of government and private banks has been increased significantly. In this, the benefit of increased interest rates on bank FDs is being given to customers of both categories of common citizens and senior citizens. In such a situation, now Suryoday Small Finance Bank (SSFB), a private sector small finance bank, has also increased the interest rate for its customers. Now customers falling in the category of senior citizens can get more than 9% interest on FDs of this bank.
Suryoday Small Finance Bank (SSFB) increased interest
Giving information, Suryoday Small Finance Bank (SSFB) said in a statement that it has updated the interest rate on its fixed deposits with effect from August 07, 2023. The bank has increased the interest rate offered on its fixed deposits for 5 years by 85 basis points. The bank said that after the new changes, Suryoday Small Finance Bank will now offer deposits of less than Rs 2 crore maturing in 7 days to 10 years from 4.00% to 8.60% for general public and 4.50% to 9.10% for senior citizens. Offering % interest. Regular customers can now get 8.60% interest rate on deposits of 2 years to 3 years, while senior citizens can get 9.10% interest rate.
What is interest rate
Suryoday Small Finance Bank (SSFB) is offering an interest rate of 4 per cent for general citizens and 4.5 per cent for senior citizens on FDs of 7 days to 14 days. At the same time, on FDs of 15 days to 45 days, it is offering interest at the rate of 4.25 per cent to common citizens and 4.75 per cent to senior citizens. On FDs of 46 days to 90 days, it is offering 4.5 per cent interest to common citizens and up to 5 per cent interest to senior citizens. On FDs of 91 days to 6 months, this bank is offering 5% interest to common citizens and up to 5.5% interest to senior citizens. This bank is getting interest at the rate of 9.1% on FDs of more than 3 years and less than 5 years.
