Senior citizen can get 9.25 percent interest rate
FinTech BizNews Service
Mumbai, March 4, 2024: Suryoday Small Finance Bank (SSFB) has revised interest rates on fixed deposits w.e.f March 01, 2024. Interest rates in 25 months tenor was revised by 41 basis points (bps).
Following the revision, the bank is now accepting deposits of less than Rs 2 crore maturing in 7 days to 10 years at an interest rate of 4.00 percent to 9.01 percent to the general public and 4.50 percent to 9.25 percent for senior citizen. The best part is that regular customers can now get 9.01 percent interest rate on 25 months deposit, while senior citizen can get 9.25 percent interest rate. The bank is also offering interest rate up to 7.75 percent to its savings account customer in above Rs. 5 Crore up to Rs. 25 Crore slab. This is the highest interest rate that the bank offers to its customers, also your deposits are backed by DICGC in this bank, making an investment decision soon will result in addressing your mid-term goals of 5 Years
Rates for amount < 2 Crore | Domestic Deposits (Effective: From March 01, 2024) | |||
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 | Annualised Yield° | Senior Citizen Rate # | 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 up to 15 months | 8.25% | 8.51% | 8.75% | 9.04% |
