Suryoday Small Finance Bank has revised its fixed deposit interest rates for amounts below Rs 3 crore

Earn up to 9.1% FD rate, 7.75% on savings bank account: Suryoday Small Finance Bank revises interest rates The bank has also revised savings account interest rates. The new rates are effective from September 4, 2024, as per the bank website

Suryoday Small Finance Bank has revised its fixed deposit interest rates for amounts below Rs 3 crore. The bank has also revised savings account interest rates. The new rates are effective from September 4, 2024, as per the bank website.

Suryoday Small Finance Bank latest FD rates

After the revision, the bank is offering general public with interest at a rate of 4.00 percent to 8.60 percent, and senior citizens at a rate of 4.50 percent to 9.10 percent for deposits less than Rs 3 crore with maturities ranging from 7 days to 10 years.

Latest daily cash deposit limit at ATMs: SBI, HDFC Bank, Bank of Baroda, Union Bank of India, PNB

Period	Interest Rate (Per Annum)	Senior Citizen Rate # (Per Annum)
7 days to 14 days	4.00%	4.50%
15 days to 45 days	4.25%	4.75%
46 days to 90 days	4.50%	5.00%
91 days to 6 months	5.00%	5.50%
6 Month 1 Day	7.25%	7.75%
Above 6 Month 1 Day to 9 Months	5.50%	6.00%
Above 9 months to less than 1 Year	6.00%	6.50%
1 Year*	6.85%	7.35%
Above 1 Year upto 15 months	8.25%	8.75%
Above 15 months to 2 years	8.50%	9.00%
Above 2 Years to 2 years 1 Day	8.60%	9.10%
2 Years & 2 Days	8.65%	9.10%
2 years 3 Days up to 3 Years	8.60%	9.10%
Above 3 Years to less than 5 Years	6.75%	7.25%
5 Years	8.25%	8.75%
Above 5 years to 10 years	7.25%	7.75%

Suryoday Small Finance Bank savings account interest rates

Daily closing balance slabs (Domestic/NRE/NRO)	% rate per annum*
Up to and including Rs. 1 Lakh	3.00%
Above Rs. 1 Lakh up to & including Rs. 5 Lakh	5.00%
Above Rs. 5 Lakh up to & including Rs. 10 Lakh	7.25%
Above Rs. 10 Lakh up to & including Rs 2 Crore	7.50%
Above Rs. 2 Crore up to & including Rs. 5 Crore	7.50%
Above Rs. 5 Crore up to & including Rs. 25 Crore	7.75%
Above Rs. 25 Crore	Contact Branch

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According to the bank website, “Interest will be calculated on the daily closing balance in the Savings Account, as per extant guidelines from the Reserve Bank of India. Slab rates are applicable on the incremental amount based on the daily closing balance in the Savings Account.”

This story originally appeared on: India Times - Author:Faqs of Insurances