FD Rates: Suryoday Small Finance Bank has increased its FD interest rates. The bank is offering customers a maximum interest rate of 8.10% on a special 30-month FD.
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FD Rates: Suryoday Small Finance Bank has increased its FD interest rates. The bank is offering customers a maximum interest rate of 8.10% on a 30-month special FD. For senior citizens, this rate has reached 8.25%. The new rates are effective from March 29, 2026.
How much interest is charged for which periods?
On an 18-month FD, general customers are earning 7.60% and senior citizens 7.75%. A 5-year FD offers a return of 7.90% and senior citizens 8.05%. Shorter-term FDs also offer interest rates ranging from 4% to 6.5%, depending on the term.
Is FD investment safe?
Money deposited in Suryoday Bank is insured up to Rs 5 lakh under the DICGC. This means that even if the bank faces any problems, investors are protected up to a certain limit.
What are the FD rates at other banks?
Speaking of other banks, interest rates at public sector banks are generally around 7%. For example, Punjab National Bank, Bank of India, and Canara Bank offer returns of around 7.1%, while SBI offers around 7.05%. Among private banks, IDFC First Bank offers interest rates of around 7.9%, while Yes Bank offers 7.75% and DCB Bank offers returns of around 7.65%. Larger banks like HDFC and ICICI offer interest rates between 7% and 7.1%.
Higher returns from small finance banks
Small finance banks offer the highest interest rates. ESAF Small Finance Bank offers returns of up to 8.5%, Shivalik Bank 8.3%, and Suryoday Bank 8.1%. If you’re looking to invest in FDs, be sure to compare rates from different banks. Along with higher interest rates, it’s important to consider the bank’s reliability and security.
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