Good news for senior citizens, get a robust 9.25% interest on FD, this bank is offering.

New Delhi. The greatest strength that senior citizens have is their savings, so they look for ways to invest where they can get guaranteed and better returns. For most of the senior citizens, Fixed Deposit i.e. FD is an excellent investment vehicle. Generally, small finance banks offer higher interest on FDs than larger public and private banks. Recently Suryoday Small Finance Bank has increased its interest rate on FD.

Suryoday Small Finance Bank (SSFB) has increased the interest rates on FDs of selected tenures of less than Rs 2 crore. The bank has increased the interest rate on 25-month FD by 0.41%. Suryoday Small Finance Bank new interest rate is applicable from 1st March 2024.

Interest rate increased from 4% to 9.25%.
After this change, Suryoday Small Finance Bank is now offering interest rates ranging from 4 percent to 9.01 percent on FD to general citizens. Also, the bank is offering interest rates ranging from 4.50 percent to 9.25 percent for senior citizens.

Also Read- Should You Get FD To Save Months? Wait, do FD Laddering, this method will give amazing benefits.

Interest rate up to 7.75% on savings account
The bank is also offering an interest rate of up to 7.75 per cent to its savings account customers in the Rs 5 to Rs 25 crore slab.

Suryoday Small Finance Bank FD Rates (Below Rs.2 Crore)
7 days to 14 days: For general public – 4.00 percent; For senior citizens – 4.50 percent
15 days to 45 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
46 days to 90 days: For general public – 4.50 percent; For Senior Citizens – 5.00 percent
91 days to 6 months: For general public – 5.00 percent; For senior citizens – 5.50 percent
Above 6 months – 9 months: For general public – 5.50 percent; For Senior Citizens – 6.00 percent
Above 9 months – Below 1 year: For general public – 6.00 percent; For senior citizens – 6.50 percent
1 year: For general public – 6.85 percent; For senior citizens – 7.35 percent
Above 1 year – 15 months: For general public – 8.25 percent; For senior citizens – 8.75 percent
Above 18 months – 2 years: For general public – 8.50 percent; For Senior Citizens – 9.00 percent
Above 2 years – 2 years 1 day: For general public – 8.60 percent; For senior citizens – 9.10 percent
2 years 2 days: for general public – 8.65 percent; For senior citizens – 9.10 percent
Less than 2 years 3 days to 25 months: For general public – 8.60 percent; For senior citizens – 9.10 percent
2 years 1 month (25 months): For general public – 9.01 percent; For senior citizens – 9.25 percent

Tags: Bank FD, FD Rates, Fixed Deposit, Money making tips