Senior Citizens FD Rates: Suryoday Small Finance Bank has revised its FD interest rates and implemented the new rates. The new rates are effective today, March 6th. Let’s find out the details.
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Senior Citizens FD Rates: Bank FDs are a very popular investment option among investors. Even today, most people rely solely on bank FDs for their investments. Bank FDs are especially popular among senior citizens. Significantly, senior citizens receive higher interest rates on FDs than ordinary citizens. If you are a senior citizen and rely on bank FDs to invest your money, today we’re going to tell you about an FD where you can earn a return of up to 8%.
We’re talking about Suryoday Small Finance Bank’s FDs. Suryoday Small Finance Bank has revised its FD interest rates and implemented the new rates. The new rates are effective today, March 6th. Let’s learn the details.
Suryoday Small Finance Bank’s 5-Year FD
Suryoday Small Finance Bank’s 5-Year FD offers a return of 7.90%. Interest rates for senior citizens are 8.10 percent. Therefore, you can invest your money here. Suryoday Small Finance Bank’s FD interest rates for senior citizens with other tenures are as follows.
1 year – 7.45 percent
2 years – 7.45 percent
3 years – 7.45 percent
4 years – 6.95 percent
5 years – 8.10 percent
10 years – 7.45 percent
Returns on Suryoday Small Finance Bank FDs
If you invest Rs 5 lakh in a 5-year FD with Suryoday Small Finance Bank, you will receive a total of Rs 7.46 lakh upon maturity. This means you will earn a total profit of Rs 2.46 lakh. For ordinary citizens, the profit will be Rs 2.39 lakh.
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