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Rates for Domestic Fixed Deposits:

Rates for amount < 2 Crore Domestic Deposits ( Effective: From March 01, 2024 )
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 6.85% 7.03% 7.35% 7.56%
Above 1 Year to 15 months 8.25% 8.51% 8.75% 9.04%
Above 15 months to 2 years 8.50% 8.77% 9.00% 9.31%
Above 2 Years to 2 years 1 Day 8.60% 8.88% 9.10% 9.42%
2 Years & 2 Days 8.65% 8.93% 9.10% 9.42%
2 years 3 Days upto less than 25 Months 8.60% 8.88% 9.10% 9.42%
2 Years and 1 Month (25 months) 9.01% 9.32% 9.25% 9.58%
More than 25 months upto 3 years 8.60% 8.88% 9.10% 9.42%
Above 3 Years to less than 5 Years 6.75% 6.92% 7.25% 7.45%
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 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.
  • *No Penalty charges will be incurred for pre-mature withdrawal of only Cumulative Fixed Deposit booked for the period of 1 year.

  • 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. Offered rate will be applicable to the FDs booked under short term Regular product.
    5. 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.
    6. “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.
    7. In case of premature withdrawal for closure or renewal or partial withdrawal of term deposits, interest shall be paid for the period the deposit remained with the bank at a rate of interest prevailing on the date of booking of the deposit for such tenor, less the applicable penalty of 1%.
    8. 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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