Suryoday Small Finance Bank FD Rates
Suryoday Small Finance Bank offer (FD) Fixed Deposit interest Rates Ranging from 4.00 to 7.45% Per Annum to the General Public for a Time Period of 7 Day to 10 Year and 4.40% to 8.40% Per Annum to Senior Citizens.
Along with this, the bank’s interest rate on Suryoday Small Finance Bank’s Tax Saving Scheme FD is 8.20% per annum for the general public and 8.40% per annum for senior citizen customer depositors for a period of 5 years.
Along with this, Suryoday Small Finance Bank also offers various fixed deposit products like Non Resident Ordinary (NRO) and Non Resident External (NRE) fixed deposits for its NRI customers.
Suryoday Small Finance Bank is Also Recognized as a Scheduled Bank by the (Reserve Bank of India) RBI, which Makes the Depositor Customer of this Bank Eligible for Deposit Insurance Provided by the (DICGC) Department of Insurance & Credit Guarantee Corporation.
insurance Cover on Deposits is Provided by (DICGC) a Subsidiary of RBI, in Case of Failure or Merger/ Amalgamation of Suryodaya Small Finance Bank, The Cumulative Deposit Amount of up to Rs 5 Lakh Rupay Deposited by Each Depositor is Covered Under insurance, This includes Your Fixed Deposits, Savings, Current and Recurring Deposits etc.
Suryoday Small Finance Bank FD Interest Rates (P.A.)
| Highest Slab Rate | 8.20% (for 5 years) |
|---|---|
| For 1 year | 7.50% |
| For 2 years | 7.50% |
| For 3 years | 7.75% |
| For 4 years | 6.75% |
| For 5 years | 8.20% |
| Tax-Saving FD | 8.20% |
Suryoday Small Finance Bank FD Interest Rates 2025
| Tenure | Regular Citizens | Senior Citizens |
|---|---|---|
| 7 days to 14 days | 4.00 | 4.40 |
| 15 days to 45 days | 4.25 | 4.65 |
| 46 days to 90 days | 4.50 | 4.90 |
| 91 days to 6 months | 5.00 | 5.40 |
| 6 months 1 day | 7.25 | 7.65 |
| Above 6 months 1 day to 9 months | 5.50 | 5.90 |
| Above 9 months to less than 1 year | 6.00 | 6.40 |
| 1 year | 7.50 | 7.90 |
| Above 1 year to 15 months | 7.50 | 7.90 |
| Above 15 months to 18 months | 7.50 | 7.90 |
| Above 18 months to 2 years | 7.50 | 7.90 |
| Above 2 years to 30 months | 7.50 | 7.90 |
| Above 30 months to 3 years | 7.75 | 8.15 |
| Above 3 years to less than 5 years | 6.75 | 7.15 |
| 5 years | 8.20 | 8.40 |
| Above 5 years to 10 years | 7.25 | 7.65 |
Suryoday Small Finance Bank Tax Saver Deposit
| Tenure | Regular Citizens | Senior Citizens |
|---|---|---|
| 5 years | 8.40 | 8.40 |
Suryoday Small Finance Bank FD Rates & Schemes
- Minimum deposit amount: ₹1,000
- Tenure: 7 days to 10 years
- Auto-renewal facility available
- The bank calculates the interest rate on FDs as follows:
- On a Quarterly Basis for Deposits of More than 6 Months.
- Simple Interest is Paid on Maturity for Deposits of Less than 6 Months.
- The bank calculates cumulative interest/reinvestment interest every quarter.
- The bank’s compound interest will be available only in reinvestment FDs.
- In case of monthly interest payment option, the interest will be calculated
- for the quarter and paid monthly at a discounted rate on the standard fixed deposit interest rate.
- An additional 0.50% Interest rates are offered to Senior Citizen FD depositors.
Tax Saver Fixed Deposit
- Deposit amount: Minimum ₹1,000 to ₹1.5 lakh per financial year.
- Tenure: 5 years (lock-in period).
- Monthly, quarterly and cumulative payment options available.
- Nomination facility also available.
- Loan and auto-renewal facility is not available on FD Fixed Deposit.
- Investment up to ₹1.5 lakh in Tax Saver Fixed Deposit FD will be eligible for income tax deduction under Section 80C of Income Tax in every financial year.
NRE Fixed Deposit (NRE FD)
- Minimum deposit amount: ₹10,000
- Tenure: 1 year to 10 Years
- Interest payment option – Monthly and quarterly interest payment options available
- The depositor customer also has the option to receive interest (cumulative) on maturity.
- Nomination facility is available.
NRO Fixed Deposit (NRO FD)
- Minimum deposit amount: ₹10,000
- Tenure: 7 days to 10 years
- Interest payment option – Quarterly and monthly interest payment option
- The depositor has the option to receive interest on maturity (cumulative).
- Nomination facility is also available.
Premature Withdrawal of FD: Rules & Penalty Charges 2025
- Interest will be paid after deducting the penal rate (1%) from the applicable bank rate. The applicable rate will be the lower of the following two terms:
- The Interest Rate for The Original or Contracted Time Period for Which The FD is Book (as on the Date of Book the Deposit)
- The interest rate for the actual time period for which the FD was in force with the bank (as on the date of booking the deposit)
- Premature Withdrawal is Not Allowed in Tax Saver FD.
Note: This table gives you a better understanding
| Case | FD Booked | FD Broken | Contracted Rate | Bank’s Card Rate (for actual period) | Applicable Rate (lower of two) | Final Interest after 1% Penalty |
|---|---|---|---|---|---|---|
| Case 1 | 1 year @ 7% | After 6 months | 7% | 6% | 6% | 6% – 1% = 5% |
| Case 2 | 2 years @ 7.5% | After 1 year | 7.5% | 6.8% | 6.8% | 6.8% – 1% = 5.8% |
| Case 3 | 3 years @ 8% | After 2 years | 8% | 7% | 7% | 7% – 1% = 6% |
Suryoday FD Calculator
Planning your investment before investing is what makes your investment worthwhile. This is our objective behind the Fixed Deposit FD Calculator, a free tool available on Moneymintidea.com for free. Using this Fixed Deposit Calculator, anyone who wants to invest in Suryoday Small Finance Bank FD can easily estimate the returns their money will earn with the help of this tool.
To know the returns on Suryoday Fixed Deposit schemes, investors can select the FD amount, select the time period (years/months) and the respective FD rate from the list of current FD rates of Suryoday Small Finance Bank. Click Submit & The Calculator will Display The Maturity Amount along with the Interest Earned.
FAQs: Suryoday Small Finance Bank FD
Q: What is the maximum interest rate on Suryoday Small Finance Bank FDs at present?
Currently, Suryoday Small Finance Bank offers a maximum FD interest rate of 8.20% per annum for general public and 8.40% per annum for senior citizens for a tenure of 5 years.
Q: Can I make a premature withdrawal from my (Tax Saver) FD?
No, You Cannot Make a Premature FD Withdrawal in a 5 Year Tax Saver FD.
Q: What if I have lost my PAN card? | How do I open a SMFB Suryoday Small Finance Bank FD?
If you have lost your PAN or do not have a PAN card, you can easily open a fixed deposit account with Suryoday Small Finance Bank by filling and signing Form 60/61.
