This Bank is providing 9.10% interest on FD scheme for a period of 1 to 5 years and up to 9.6% for senior citizens.
Suryoday Small Finance Bank (SSFB) has increased FD interest rates. This finance bank has increased the interest rates from 49 to 160 basis points (BPS) in the period of 1 to 5 years. Regular customers can now earn up to 9.10% interest by investing in Suryoday Small Finance Bank’s FD scheme. While senior citizens can get 9.60 percent interest rate on 5-year FD.
SSFB said in a statement today that it has revised the interest rates on FDs with effect from May 05, 2023. The bank has increased interest rates by 49 to 160 basis points (bps) for FDs with a tenure of 1 to 5 years. After the revision, SSFF has started accepting FDs of less than Rs 2 crore maturing in 7 days to 10 years from general customers at an interest rate of 4.00 per cent to 9.10 per cent.
And for senior citizens, the new rates for FDs below Rs 2 crore range from 4.50% to 9.60%. In the statement, the bank said that regular customers can now get 9.10 per cent interest rate on FD amount of 5 years, while senior citizens can get 9.60 per cent interest rate.
This is the interest rate
- On 1 year FD, general customers will get 6.85% interest rate and senior citizens will get 7.35% interest.
- On FD of 2 years, customers will get 8.5% interest rate and senior citizens will get 9% interest.
- On 999 days FD, customers will get 9% interest rate and senior citizens will get 9.5% interest.
- On FD of 3 years, general customers will get 7.25% interest rate and senior citizens will get 7.75% interest.
- On 4-year FD, customers will get 6.75% interest rate and senior citizens will get 7.25% interest.
- On 5-year FD, general customers will get 9.1% interest rate and senior citizens will get 9.6% interest.
- On FD of 6 years, general customers will get 7.25% interest rate and senior citizens will get 7.75% interest.
- On 7-year FD, customers will get 7.25% interest rate and senior citizens will get 7.75% interest.
- On 8-year FD, general customers will get 7.25% interest rate and senior citizens will get 7.75% interest.
- On 9-year FD, customers will get 7.25% and senior citizens will get 7.75% interest.
- On 10-year FD, general customers will get 7.25% interest rate and senior citizens will get 7.75% interest.
These interest rates will be applicable from May 5, 2023
Suryoday Small Finance Bank is offering an interest rate of up to 7.00 percent to its savings account customers in the slab of Rs 5 lakh to Rs 2 crore. The bank said that this is the highest interest rate that the bank offers to its customers, as well as your FD deposits in this bank are backed by DICGC. Investors’ money is completely safe in this.
