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Non-Callable Fixed Deposit-Retail (Domestic)

Interest Rates Non-Callable Fixed Deposits ( Effective: From March 27, 2024 )
Rates for amount above 1 Crore and up to < 2 Crore Interest Rate
(Per Annum)
1 Year 7.10%
Above 1 Year upto 15 months 8.50%
Above 15 months upto 2 years 8.75%
Above 2 years to 2 years 1 Day 8.85%
2 Years 3 Days up to 3 Years 8.85%
*Rates are subject to change at the sole discretion of Suryoday Small Finance Bank Ltd.
Note for Non-Callable 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
  • Interest shall be compounded on quarterly basis and is payable on maturity of the deposit in case of cumulative deposits.
  • Applicable interest rates will be given as on the date / time of receipt of the funds by the bank.
  • Self-Operated Minor Account, Senior citizen, Non-resident Individual and Recurring deposit are exempt from the conditions for Non-Callable Fixed Deposits-Retail.
  • No premature withdrawal/ part withdrawal is permitted under the scheme in any case, except in case of death of the depositor (Single/Joint)/Bankruptcy/Winding up/directions by court/ regulators/ receiver/ liquidator. In case premature withdrawal is allowed due to exceptions as stated above, interest to be paid shall be as per the card rate for normal deposit for the period for which FD has run.
  • When you open a Non-Callable Fixed deposit with Suryoday Small Finance Bank Ltd. Interest on Term Deposits is calculated as below:
  • 1. 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.
    2. 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.
    3. For FDs with Monthly/Quarterly Interest pay out, Interest payment gets triggered at start of the last day of the month/quarter and therefore system calculates     interest up to the penultimate date of the month/quarter. There would be no loss of interest to the customer over the tenure of the deposit as the applicable     interest will be paid for the entire period, till the date of maturity or closure, whichever is earlier.
  • Tax at source is deducted as per the Income Tax regulations prevalent from time to time.

  • Interest Computation on Term Deposits
  • Interest on Fixed Deposit is calculated in accordance with methodology and convention advised by Indian Banks' Association, as under:
    1. Interest shall be calculated at quarterly intervals on term deposits and paid at the rate decided by the Bank depending upon the period of deposits.
    2. For Traditional fixed deposits with quarterly payout, interest is calculated on the principal amount for completed quarters and then for the balance period, interest is calculated for completed months and further for incomplete month on actual number of days. In case of monthly pay-out, the interest shall be paid monthly at discounted rate.
    3. For Cumulative deposits, interest is compounded quarterly on completion of exact quarters. For the broken period beyond completed quarters, the amount is calculated proportionate to the period in the quarter
    4. In case of premature withdrawal, the interest is calculated on the principal amount for completed quarters and then for the balance period, interest is calculated for completed months and further for incomplete month on actual number of days.
    5. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD.
    6. Auto renewal facility is not allowed.
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For any query dial Toll Free No :- 1800 266 7711
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