Get FD interest rates up to 9.1%: Suryoday Small Finance Bank (SSFB) announced its partnership with Tata Digital to extend its FD offerings

Suryoday Small Finance Bank (SSFB) partners with Tata Digital: Get FD interest rates up to 9.1% without a savings account This collaboration will enable SSFB to leverage Tata Neus reach, providing retail customers with access to the deposit scheme

Suryoday Small Finance Bank (SSFB) announced its partnership with Tata Digital to extend its FD offerings. This collaboration will enable SSFB to leverage Tata Neu’s reach, providing retail customers with access to the deposit scheme, according to a press release by Suryoday Small Finance Bank.

What is the interest rate on Suryoday Small Finance Bank FD?

SSFB’s FD offering will be available on the Tata Neu platform, where customers can invest in fixed deposits at interest rates of up to 9.1% without the need for a savings account. Customers can start investing with as little as Rs. 1,000 and the onboarding process can be completed in a few minutes.

ET Year-end Special Reads

Buying a home in 2025? Here's how property market can shape up
18 top stock picks for 2025 from 6 leading brokers
Five big bangs that shook the corporate world in 2024

RD interest rate up to 7.75%: Comparison of SBI’s Har Ghar Lakhpati RD interest rates with interest rates on HDFC Bank, Canara Bank, ICICI, Yes Bank RDs

According to the Tata Neu release, “Customers can choose from both, banks and NBFCs like Suryoday Small Finance Bank, Shriram Finance, Bajaj Finance, for a wide range of investment options. Investments in bank deposits are safe and insured up to INR. 5 lakh under DICGC (The Deposit Insurance and Credit Guarantee Corporation) Insurance.”

Suryoday Small Finance Bank FD rates
Suryoday SFB offers interest rates between 4% and 8.60% for general citizens for tenures ranging from 7 days to 10 years. For senior citizens, the bank offers 4.50% to 9.10% on fixed deposit tenures

Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Mastering C++ Fundamentals with Generative AI: A Hands-On
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Master in Python Language Quickly Using the ChatGPT Open AI
By - Metla Sudha Sekhar, IT Specialist and Developer
Marketing
Performance Marketing for eCommerce Brands
By - Zafer Mukeri, Founder- Inara Marketers
Office Productivity
Zero to Hero in Microsoft Excel: Complete Excel guide 2024
By - Metla Sudha Sekhar, IT Specialist and Developer
Finance
A2Z Of Money
By - elearnmarkets, Financial Education by StockEdge
Marketing
Modern Marketing Masterclass by Seth Godin
By - Seth Godin, Former dot com Business Executive and Best Selling Author
Astrology
Vastu Shastra Course
By - Sachenkumar Rai, Vastu Shashtri
Strategy
Succession Planning Masterclass
By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.
Data Science
SQL for Data Science along with Data Analytics and Data Visualization
By - Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
AI and Analytics based Business Strategy
By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI
Web Development
A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024
By - Metla Sudha Sekhar, IT Specialist and Developer
Marketing
Digital Marketing Masterclass by Pam Moore
By - Pam Moore, Digital Transformation and Social Media Expert
Artificial Intelligence(AI)
AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills
By - Metla Sudha Sekhar, IT Specialist and Developer
Office Productivity
Mastering Microsoft Office: Word, Excel, PowerPoint, and 365
By - Metla Sudha Sekhar, IT Specialist and Developer
Marketing
Digital marketing - Wordpress Website Development
By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert
Office Productivity
Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis
By - Metla Sudha Sekhar, IT Specialist and Developer
Web Development
Mastering Full Stack Development: From Frontend to Backend Excellence
By - Metla Sudha Sekhar, IT Specialist and Developer
Finance
Financial Literacy i.e Lets Crack the Billionaire Code
By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator
Data Science
SQL Server Bootcamp 2024: Transform from Beginner to Pro
By - Metla Sudha Sekhar, IT Specialist and Developer

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*	8.05%	8.55%
Above 1 Year upto 15 months	8.25%	8.75%
Above 15 months to 2 years	8.50%	9.00%
Above 2 Years 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%

How safe are Small Finance Banks?

Small Finance Bank (SFB) is a banking segment exclusively created by the Reserve Bank of India (RBI) to aid financial inclusion by offering basic banking services to the underserved and un-served sections of society.
According to the AU Small Finance Bank website, “Like other types of banks in India, the RBI regulates and governs SFBs. Therefore, all the banking norms, such as Statutory Liquidity Ratio Requirements, Cash Ratio Reserve Requirements, etc., apply to them. Moreover, the RBI also defines aspects like Eligibility Criteria and Mandatory Promoter Contribution for SFBs. In other words, there are stringent regulations that SFBs must adhere to for their operations. As the RBI regulates the segment, SFBs are as safe as any other type of bank.”

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