Best FD Interest Rates: If you want to get the highest returns on Fixed Deposit, then you have a tremendous opportunity. Suryoday Small Finance Bank has increased rates by 40 to 160 basis points on FDs of less than Rs 2 crore.
With this increase, this small finance bank is offering 4% to 9.10% p.a. interest on FDs to the general public. For senior citizens, the rates are around 50 basis points and even higher. This bank is offering interest rates ranging from 4.5% to 9.60% on FDs to senior citizens. The new rates have also come into effect from 5 May 2023.
Apart from this, this bank is giving up to 7% interest on savings accounts ranging from Rs 5 lakh to Rs 2 crore. The bank issued a statement in this regard and said, ‘The most important thing is that common customers can also take advantage of 9.10 percent interest on 5-year FDs. At the same time, senior citizens will get 9.6% interest on 5-year FD. , The bank also said that we are offering the highest interest on savings account. Also, the deposit in the bank comes under the security guarantee of DICGC. New FD rates for general public: The interest rate for FDs with a tenure of 1 year is 6.85%. While for a period of 1 to 2 years, this rate has increased to 8.50%. On FD of 999 days, this bank is giving interest at the rate of 9 percent to the common people. Whereas, is offering the highest rate of interest of 9.10 per cent for a period of 5 years. Depositors will be able to avail interest at the rate of 7.25 per cent for periods ranging from 32 months 27 days to 3 and 5 to 10 years. This bank is paying interest at the rate of 7.51 per cent on FDs of 2 years to 998 days. Talking about FDs with a tenure of less than 1 year, the FD rates of this bank are between 4% to 6%. You can get FD done for at least 7 days. New FD rates for senior citizens Senior citizens will get interest at the rate of 7.35 percent on one year FD in Suryoday Small Finance Bank. At the same time, this bank is paying interest at the rate of 7.25 per cent on FDs of more than 3 years but less than 5 years. This bank is paying interest at the rate of 7.75 per cent on FDs ranging from 32 months 27 days to 3 years and 5 years to 10 years. This bank is offering the highest interest rate on 5 year FD. This bank is giving interest at the rate of 9.6 per cent on 5-year FD to senior citizens. The special thing is that if a senior citizen wants to get close to 9 percent interest even on FDs of less than 5 years, then this bank is also giving special offers to such investors. This bank is also giving 9% interest on FDs of 1 to 2 years. At the same time, this bank is paying interest at the rate of 9.5 per cent on FD of 999 days. This bank is paying interest at the rate of 9.01 per cent on FDs ranging from 2 years to 998 days. This bank is offering interest at the rate of 4.50% to 6.50% to senior citizens for short tenures of 7 days to 1 year. Let us tell you that interest on FDs of more than 6 months in Suryoday Small Finance Bank is calculated on a quarterly basis. However, interest is paid at the time of FD maturity.
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