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Rates for Domestic Fixed Deposits:

Rates for amount < 2 Crore Domestic Deposits (Effective: From July 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 Interest Rate
(Per Annum)
Annualised Yield°
(%)
Senior Citizen Rate #
(Per Annum)
Annualised Yield°
(%)
7 days to 14 days 4.00% 4.00% 4.50% 4.50%
15 days to 45 days 4.00% 4.00% 4.50% 4.50%
46 days to 90 days 5.00% 5.00% 5.50% 5.50%
91 days to 6 months 5.50% 5.50% 6.00% 6.00%
Above 6 months to 9 months 7.50% 7.71% 8.00% 8.24%
Above 9 months to less than 1 Year 7.75% 7.98% 8.25% 8.51%
1 Year to 1 Year 6 months 8.35% 8.62% 8.85% 9.15%
Above 1 year 6 months to 2 years 8.50% 8.77% 9.00% 9.31%
Above 2 Years to 3 Years 8.75% 9.04% 9.25% 9.58%
Above 3 Years to less than 5 Years 8.00% 8.24% 8.50% 8.77%
5 Years 8.25% 8.51% 8.75% 9.04%
Above 5 years to 10 years 7.25% 7.45% 7.75% 7.98%
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
  • #-Only Senior Citizens / Retired Personnel (60 years and above) who are Resident Indians are eligible.
  • 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.
  • Tax at source is deducted as per the Income Tax regulations prevalent from time to time.
  • 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.
  • The Minimum tenure for earning FD interest is 7 days.
  • The rate applicable on premature withdrawal would be 1% less than the rate applicable from the lower of the two:
    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.
Rate for amount < 2 Crore Domestic Deposits (Effective: From February 25, 2019 to June 30, 2019)
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For any query dial Toll Free No :- 1800 266 7711
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