NRI Banking

Rate for amount < 2 Crore	Non-Resident Deposits (Effective: From December 01, 2019)
For Fixed Deposit of amounts Rs. 2 Crore and above, please contact nearest Suryoday Small Finance Bank Branch or call Smile Centre on 1800-266-7711
Period	NRE Interest Rate (Per Annum)	Annualised Yield° (%)	NRO Interest Rate (Per Annum)	Annualised Yield° (%)
7 days to 14 days	NA		4.00%	4.00%
15 days to 45 days			4.00%	4.00%
46 days to 90 days			5.00%	5.00%
91 days to 6 months			5.50%	5.50%
Above 6 months to 9 months			7.50%	7.71%
Above 9 months to less than 1 Year			7.75%	7.98%
1 Year to 2 years	8.25%	8.51%	8.25%	8.51%
Above 2 Years to 3 Years	8.50%	8.77%	8.50%	8.77%
Above 3 Years to less than 5 Years	8.00%	8.24%	8.00%	8.24%
5 Years	9.00%	9.31%	9.00%	9.31%
Above 5 Years to 10 Years	7.25%	7.45%	7.25%	7.45%

Note for Fixed Deposits:

For Fixed Deposit amounting to Rs. 2 Crore and above, please contact nearest Suryoday Small Finance Bank Branch or call on 1800-266-7711
°- Annualised yield is calculated on the basis of quarterly compounding for 12 months period
Interest rates are subject to change from time to time. Applicable interest rates will be given as on the date / time of receipt of the funds by the bank.
When you open a Fixed deposit with Suryoday Small Finance Bank Ltd. Interest on Term Deposits is calculated as below:
1. On a Quarterly basis for deposits of tenor 6 months and above.
2. Simple interest is paid at maturity for deposits of less than 6 months.
3. Cumulative Interest/ re-investment interest is calculated every quarter and is added to the Principal such that Interest is paid on the Interest earned in the previous quarter as well.
4. In case of monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at discounted rate over the Standard FD Rate.
The Bank computes interest based on the actual number of days in a year. In case, the Deposit is spread over a leap and a non-leap year, the interest is calculated based on the number of days i.e.,366 days in a leap year & 365 days in a non-leap year. The period of Fixed Deposit is calculated in number of days.
1. Rate for original /contracted tenure for which the deposit has been booked (as on the date of booking the deposit).
2. Rate for the actual tenure for which the deposit was in force with the Bank (as on the date of booking the deposit).
As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD.
NRE fixed deposits can be accepted for a minimum period of one year and a maximum period of ten years.
The additional rate of interest on fixed deposits to senior citizens does not apply to NRE and NRO FD.
Interest is not paid on NRE FD if the same is prematurely closed within a period of 1 year.
For NRO FD, the maturity amount indicated is subject to TDS as applicable from time to time, however no TDS is applicable in case of NRE FD.

Rate for amount < 2 Crore	Non-Resident Deposits (Effective: From July 01, 2019 to November 30, 2019)
For Fixed Deposit of amounts Rs.2 Crore and above, please contact nearest Suryoday Small Finance Bank Branch or call on 1800 -266-7711
Period	NRE Interest Rate (Per Annum)	Annualised Yield° (%)	NRO Interest Rate (Per Annum)	Annualised Yield° (%)
7 days to 14 days	NA		4.00%	4.00%
15 days to 45 days			4.00%	4.00%
46 days to 90 days			5.00%	5.00%
91 days to 6 months			5.50%	5.50%
Above 6 months to 9 months			7.50%	7.64%
Above 9 months to less than 1 Year			7.75%	7.90%
1 Year to 1 Year 6 months	8.35%	8.62%	8.35%	8.62%
Above 1 year 6 months to 2 years	8.50%	8.77%	8.50%	8.77%
Above 2 Years to 3 Years	8.75%	9.04%	8.75%	9.04%
Above 3 Years to less than 5 Years	8.00%	8.24%	8.00%	8.24%
5 Years	8.25%	8.51%	8.25%	8.51%
Above 5 Years to 10 Years	7.25%	7.45%	7.25%	7.45%

Note for Fixed Deposits:

For Fixed Deposit amounting to Rs. 2 Crore and above, please contact nearest Suryoday Small Finance Bank Branch or call on 1800-266-7711
*- Special tenures
°- The annualized yield is the effective annual rate of return taking into account the effect of compounding interest.
Interest rates are subject to change from time to time. Applicable interest rates will be given as on the date / time of receipt of the funds by the bank.
When you open a Fixed deposit with Suryoday Small Finance Bank Ltd. Interest on Term Deposits is calculated as below:
1. On a Quarterly basis for deposits of more than 180 days.
2. Simple interest is paid at maturity for deposits of less than equal to 180 days.
3. Cumulative Interest/ re-investment interest is calculated every quarter, and is added to the Principal such that Interest is paid on the Interest earned in the previous quarter as well.
4. In case of monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at discounted rate over the Standard FD Rate.
The Bank computes interest based on the actual number of days in a year. In case, the Deposit is spread over a leap and a non-leap year, the interest is calculated based on the number of days i.e.,366 days in a leap year & 365 days in a non-leap year. The period of Fixed Deposit is calculated in number of days.
1. Rate for original /contracted tenure for which the deposit has been booked (as on the date of booking the deposit).
2. Rate for the actual tenure for which the deposit was in force with the Bank (as on the date of booking the deposit).
As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD.
NRE fixed deposits can be accepted for a minimum period of one year and a maximum period of ten years.
The additional rate of interest on fixed deposits to senior citizens does not apply to NRE and NRO FD.
Interest is not paid on NRE FD if the same is prematurely closed within a period of 1 year.
For NRO FD, the maturity amount indicated is subject to TDS as applicable from time to time, however no TDS is applicable in case of NRE FD.

Non-Resident Fixed Deposits

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