Suryoday Bank Fixed Deposit Interest Rates
Suryoday Bank, a 'Small Finance Bank' with headquarters in Navi Mumbai, is a new age bank that focuses on providing the most optimum banking solutions to potential customers in the urban and rural parts of the country. Suryoday bank fixed deposit rates range from 4.00% p.a. to 8.14% p.a. for general public and 4.20% p.a. to 8.64% p.a. for senior citizens.
The bank lays a lot of focus on ensuring a great customer experience. In line with this, they offer a wide range of banking solutions catering to varied customer needs. The interest rate offered by Suryoday Bank ranges between 4.00% p.a. to 7.90% p.a. for the general public. Senior citizens are offered an additional interest rate for tenures above 1 year to 5 years.
Suryoday Bank FD Rates
Suryoday Bank fixed deposit offers at attractive interest rates to applicants. For fixed deposit amounts less than Rs.3 crore, the prevailing rates of interest are as follows:
Period | Interest Rate for General Public (p.a.) | Interest Rate for Senior Citizens (p.a.) |
7 Days to 14 Days | 4.00% | 4.20% |
15 Days to 45 Days | 4.25% | 4.45% |
46 Days to 90 Days | 4.50% | 4.70% |
91 Days to 6 Months | 5.00% | 5.20% |
6 Months to 1 Day | 6.66% | 6.70% |
Above 6 Month 1 Day to 9 Months | 5.61% | 5.70% |
Above 9 Months to less than 1 Year | 6.14% | 6.20% |
1 Year | 7.45% | 7.16% |
Above 1 Year to less than 18 Months | 7.45% | 6.11% |
18 Months | 7.82% | 6.64% |
Above 18 Months to 2 Years | 7.45% | 7.95% |
Above 2 Years to 3 Years | 7.45% | 7.95% |
Above 3 Years to less than 5 Years | 6.92% | 7.42% |
5 Years | 8.14% | 8.64% |
Above 5 Years to 10 Years | 7.45% | 7.95% |
Note: The interest rates given in the above table are effective from 6 March 2026.
The Interest on Term Deposits with Suryoday Bank is Calculated as Below:
- Interest calculation is done on a quarterly basis for deposits that exceed 180 days.
- At maturity, simple interest is paid for FDs with deposit term less than or equal to 180 days.
- Re-investment interest or cumulative interest is calculated on a quarterly basis.
- This amount is then added to the principal, so that the interest in the next quarter is calculated based on the interest earned in the previous quarter.
- For the monthly deposit scheme, interest is calculated for the quarter and paid on a monthly basis at a discounted rate.
- Tax at source is deducted according to the prevalent Income Tax regulations.
- Suryoday Bank calculates interest based on the actual number of days in a year, irrespective of whether the FD is spread over a leap year or not.
- The minimum tenure for an Fixed Deposit with the bank is 7 days.
The interest rate applicable on premature withdrawal of the FD is 1% less than the lowest rate among the following:
- Rate for the contracted/original tenure for which the FD was booked.
- Rate for the actual tenure for which the FD was in force.
FAQs on Suryoday Bank Fixed Deposit Rates
- What is the interest rate offered on Suryoday Bank fixed deposits?
The interest rates for fixed deposits offered by Suryoday Bank range between 4.00% p.a. to 8.14% p.a. for the general public.
- Do senior citizens get an additional interest rate on fixed deposits by Suryoday Bank?
Yes. An additional interest rate is offered to senior citizens on fixed deposits for tenures above 1 year to 5 years.
- What is the minimum tenure for a fixed deposit?
The minimum tenure for a fixed deposit is seven days.
- Is an auto-renewal facility available?
Yes, the option of auto-renewal of fixed deposits is available.
- What is the minimum deposit amount for fixed deposits by Suryoday Bank?
The minimum deposit amount for fixed deposits is Rs.1,000.
- Is premature withdrawal of a fixed deposit allowed?
Yes. Suryoday Bank offers the facility of premature withdrawal of a fixed deposit.
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