FD Rates: Suryoday Small Finance Bank has good news for those worried about declining interest rates on fixed deposits. The bank has increased its FD interest rates, offering an annualized return of 8% on 5-year term deposits.
FD Rates: Suryoday Small Finance Bank has good news for those worried about declining interest rates on fixed deposits. The bank has increased its FD interest rates, offering an annualized return of 8% for a 5-year term. This rate is currently one of the highest returns available in the market. The bank’s new interest rates are effective December 3, 2025.
Full 8% interest will be available on 5 year FD
The bank stated that both regular customers and senior citizens will receive 8% interest on 5-year fixed deposits. Interest rates are lower on shorter-term FDs, but this offer is considered quite attractive for longer-term deposits. Additionally, the bank is offering 7.25% interest on 1-year FDs.
What is the interest rate per period?
Short tenure FDs will earn interest ranging from 4% to 6.75%.
7–14 days – 4.00%
6 months 1 day – 6.75%
18 months – 7.50%
Between 3 to 5 years – 6.75%
The highest interest rate is offered on 5-year fixed deposits, where the interest rate is fixed at 8%. Senior citizens receive 0.20% more interest in most slabs.
DICGC Insurance
The bank also stated that all FD, savings, and RD accounts held with the bank are covered by DICGC insurance for up to ₹5 lakh. This means that if the bank faces any problem, customers are protected up to ₹5 lakh, including their deposits and interest. This feature fosters customer confidence.
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