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Rates for Domestic Fixed Deposits:

Rates for amount < 2 Crore Domestic Deposits ( Effective: From December 21, 2022 )
For Fixed 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 4.25% 4.25% 4.75% 4.75%
46 days to 90 days 4.50% 4.50% 5.00% 5.00%
91 days to 6 months 5.00% 5.00% 5.50% 5.50%
Above 6 months to 9 months 5.50% 5.61% 6.00% 6.14%
Above 9 months to less than 1 Year 6.00% 6.14% 6.50% 6.66%
1 Year to 1 Year 6 Months 7.00% 7.19% 7.50% 7.71%
Above 1 Year 6 Months to 2 Years 8.01% 8.25% 8.51% 8.79%
Above 2 years to 998 days 7.51% 7.72% 8.01% 8.25%
999 Days 8.51% 8.79% 8.76% 9.05%
32 Months 27 Days to 3 Years 7.25% 7.45% 7.75% 7.98%
Above 3 Years to less than 5 Years 6.75% 6.92% 7.25% 7.45%
5 Years 6.75% 6.92% 7.25% 7.45%
Above 5 years to 10 years 6.00% 6.14% 6.50% 6.66%
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 above 6 months.
    2. Simple interest is paid at maturity for deposits of less than equal to 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.
  • TYPE Completed QUARTER Completed Month Completed Days Compounding
    QUARTERLY Offered Rate/ 4 Offered Rate/ 12 Offered Rate/ 365 * NOD Yes
    QUARTERLY Offered Rate / 4 Offered Rate/ 12 Beginning Part Period Offered Rate / 12 * [NOD/ Month Days] No
    Ending Part Period Offered Rate / 12 – Beginning Amount
    MONTHLY Discounted Rate/ 12 Beginning Part Period Discount Rate /12 * [NOD/ Month Days] No
    Ending Part Period Discount Rate/ 12 – Beginning Amount
    Note:
  • Offered Rate: This is the annualized rate offered to the Customer for QUARTERLY tenor, with an option for pay-out or compounding, as applicable.
  • Discount Rate: This is the annualized rate offered to the Customer discounted for monthly pay-out as per applicable Rules.
  • NOD: Number of 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 December 06, 2022, Till December 20, 2022 )
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 4.25% 4.25% 4.75% 4.75%
46 days to 90 days 4.50% 4.50% 5.00% 5.00%
91 days to 6 months 5.00% 5.00% 5.50% 5.50%
Above 6 months to 9 months 5.50% 5.61% 6.00% 6.14%
Above 9 months to less than 1 Year 6.00% 6.14% 6.50% 6.66%
1 Year to 1 Year 6 Months 7.00% 7.19% 7.50% 7.71%
Above 1 Year 6 Months to 2 Years 8.01% 8.25% 8.51% 8.79%
Above 2 years to 998 days 7.51% 7.72% 8.01% 8.25%
999 Days 8.51% 8.79% 8.76% 9.05%
32 Months 27 Days to 3 Years 7.25% 7.45% 7.75% 7.98%
Above 3 Years to less than 5 Years 6.75% 6.92% 7.25% 7.45%
5 Years* 9.01% 9.32% 9.26% 9.59%
Above 5 years to 10 years 6.00% 6.14% 6.50% 6.66%
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 above 6 months.
    2. Simple interest is paid at maturity for deposits of less than equal to 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.
  • TYPE Completed QUARTER Completed Month Completed Days Compounding
    QUARTERLY Offered Rate/ 4 Offered Rate/ 12 Offered Rate/ 365 * NOD Yes
    QUARTERLY Offered Rate / 4 Offered Rate/ 12 Beginning Part Period Offered Rate / 12 * [NOD/ Month Days] No
    Ending Part Period Offered Rate / 12 – Beginning Amount
    MONTHLY Discounted Rate/ 12 Beginning Part Period Discount Rate /12 * [NOD/ Month Days] No
    Ending Part Period Discount Rate/ 12 – Beginning Amount
    Note:
  • Offered Rate: This is the annualized rate offered to the Customer for QUARTERLY tenor, with an option for pay-out or compounding, as applicable.
  • Discount Rate: This is the annualized rate offered to the Customer discounted for monthly pay-out as per applicable Rules.
  • NOD: 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.
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For any query dial Toll Free No :- 1800 266 7711
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