Suryoday Small Finance Bank Fixed Deposit Interest Rate Hike: Maharashtra’s only RBI-licensed small finance lender, Suryoday Small Finance Bank It has said in an announcement that it is ready to increase its interest rates for fixed deposits. This has come at a time when the Reserve Bank of India India The repo rates have been increased by 40 basis points, or 0.40 per cent, in an off-cycle monetary policy committee meeting. With an aim to contain inflation, the move prompted banks and NBFCs to increase their interest rates on all loans and deposits, including FDs.
Naya Suryodaya Micro Finance Bank FD Rates This will be effective from June 6, 2022, the lender said in a release. Suryoday Small Finance Bank FD Interest Rate For senior citizens, deposits of Rs 2 crore and above are fixed at 7.99 per cent for a tenure of 999 days. For this only senior citizens and retired personnel of 60 years and above who are resident Indians are eligible.
It is one of the leading small finance banks offering high FD interest rates. Suryoday Small Finance Bank FD rate hike will come at a time when RBI is expected to hike its repo rates again to control inflation.
Here are the revised interest rates on fixed deposits above Rs 2 crore in Suryodaya Small Finance Bank with effect from June 6, 2022:
7 days to 14 days: for general public – 3.25 percent; For senior citizens – 3.75 percent
15 days to 45 days: for general public – 3.25 percent; For senior citizens – 3.75 percent
46 days to 90 days: for general public – 4.25 percent; For senior citizens – 4.75 percent
91 days to 6 months: for general public – 4.75 percent; For senior citizens – 5.25 percent
Over 6 months to 9 months: for general public – 5.25 percent; For senior citizens – 5.75 percent
More than 9 months to less than 1 year: for the general public – 5.75 percent; For senior citizens – 6.25 percent
1 year to 1 year 6 months: for general public – 6.50 percent; For Senior Citizens – 7.00 percent
More than 1 year 6 months to less than 2 years: for general public – 6.50 percent; For Senior Citizens – 7.00 percent
Above 2 years to 998 days: for general public – 7.00 percent; For senior citizens – 7.50 percent
999 days: for general public – 7.49 percent; For senior citizens – 7.99 percent
1000 days to 3 years: for general public – 7.00 percent; For senior citizens – 6.80 percent
Above 3 Years Below 5 Years: for general public – 6.50 percent; For Senior Citizens – 7.00 percent
5 years: for general public – 6.75 percent; For senior citizens – 7.25 percent
5 years and above 10 years: for general public – 6.00 percent; For Senior Citizens – 6.50 percent
“For fixed deposits amounting to Rs. 2 crore and above, please contact the nearest Suryoday Small Finance Bank branch or call at 1800-266-7711,” the bank said in a statement. Suryoday Small Finance Bank FD interest rates are subject to change from time to time.
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