Highest interest on 5-year FDs: Suryoday Small Finance Bank (SFB) has updates its rate of interest on fixed deposits of below Rs 2 Crore. The bank is offering interest rates on fixed deposits that starts from 4.00% to 7.25% for the common people and 4.50% to 7.75% for elderly persons maturing in 7 days to 10 years.
Amid all banks’ revision, Suryoday SFB is providing highest interest rate of 9.10% to its general customers and 9.60% interest rate to its elderly customers on 5 years of deposits to investors who are looking for fixed deposits which provide tax-saving benefit up to Rs 1.5 lakh under section 80C. As per the bank’s official website, the fresh rates is in effect from July 5, 2023.
SFB FD Rates
The bank is providing 4.00% interest rate on fixed deposits that mature in the next 7 to 14 days, whereas Suryoday Small Finance Bank (SFB) is giving an 4.25% interest on investment that mature in the next 15 to 45 days. The interest rates being offered by Suryoday Small Finance Bank (SFB) are 4.50% for deposits held for 46 days to 90 days and 5.00% for deposits held for 91 days to 6 months. Deposits maturing between 6 and 9 months will earn interest at a rate of 5.50%, while those maturing between 9 and 1 year will earn interest at a rate of 6.00%.
The bank is providing an interest of 6.85% on FDs that mature in 1 year, while Suryoday Small Finance Bank (SFB) is offering the highest interest rate of 8.25% on FDS that mature within 1 year to 15 months. A deposit duration of over 15 months to two years will earn an interest of 8.50%, while a deposit of over 2 years to 3 years will earn an interest rate of 8.60%. Deposits maturing from above 3 years to less than 5 years will fetch an interest rate of 6.75% and those maturing in 5 years will fetch an interest rate of 9.10%. On a duration of 5 to 10 years, the interest applicable will be 7.25%.
