Senior Citizens Highest FD Rate: Suryoday Small Finance Bank is offering 9.10% interest on 5 year Fixed Deposit (FD) to general customers. At the same time, the bank is giving 9.60 percent interest to senior citizens on FD of the same period.
With interest rates rising, fixed deposits have become a good investment option. Many banks are paying more than 9 percent interest on Fixed Deposit (FD). One such bank is Suryoday Small Finance Bank. Suryoday Small Finance Bank has revised the interest rates on its fixed deposits. The bank has increased the fixed deposit (FD) interest rate for 1 to 5 years by 49 to 160 basis points (0.49% to 1.60%). The new interest rates of Suryoday Small Finance Bank are effective from 5 May 2023.
9.6 percent interest is being received on FD of this period
Suryoday Small Finance Bank is offering 9.10% interest on 5-year Fixed Deposit (FD) to general customers. At the same time, the bank is giving 9.60 percent interest to senior citizens on FD of the same period. Suryoday Small Finance Bank is offering 4% to 9.10% interest on fixed deposits ranging from 7 days to 10 years to its general customers.
At the same time, the bank is giving 4.50% to 9.60% interest on FDs of this period to senior citizens. Suryoday Small Finance Bank is offering 7.25% interest to general customers on fixed deposits above 5 years and up to 10 years. At the same time, senior citizens are getting 7.75 percent interest on FDs of this period.
Bank is giving up to 7% interest on savings account
Suryoday Small Finance Bank is offering up to 7% interest on customers with savings accounts above Rs 5 lakh and up to Rs 2 crore. Suryoday Small Finance Bank is protected by Deposit Insurance and Credit Guarantee Corporation (DICGC). That is, your investment up to Rs 5 lakh comes under the purview of insurance.
Suryoday Small Finance Bank is paying interest at the rate of 3.75 per cent on deposits up to Rs 1 lakh in a savings account. At the same time, 6.75 percent interest is being received on deposits of more than Rs 1 lakh and up to Rs 5 lakh. The bank is paying 7 per cent interest on deposits above Rs 50 lakh and up to Rs 2 crore in a savings account.
Disclaimer: The information provided here is only for stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.
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