Suryodaya Small Finance Bank has recently revised its fixed deposit interest rates for amounts less than Rs 3 crore, under which customers are getting a return of 9.10 percent. Along with this, the bank has also changed the interest rates on savings accounts.
New Delhi: Due to low interest rates on bank fixed deposits for the last few years, investors are preferring to invest in mutual funds and shares. However, there is no guarantee that mutual funds and shares will give you good returns. With this, it can also be a loss-making deal. At the same time, fixed deposits are considered to be the safest investment, the interest rates on it are already fixed. Meanwhile, a small finance bank is offering the highest interest rates on most FDs.
Suryoday Small Finance Bank FD at 9.10% interest
Suryoday Small Finance Bank has recently revised its fixed deposit interest rates for amounts less than Rs 3 crore. Along with this, the bank has also changed the interest rates on savings accounts. According to the information available on the official website of the bank, the new rates have become effective from September 4, 2024.
According to the information given on the website, Suryoday Small Finance Bank is offering 4.00 percent to 8.60 percent interest on its FDs for general customers, while senior citizens are offering 4.50 percent to 9.10 percent on FD schemes. Note that these interest rates will be applicable on FD schemes of less than Rs 3 crore.
Saving account interest rates also revised
Apart from this, the bank has also revised the interest rates on savings accounts. Now, 3 percent interest will be given on an amount of Rs 1 lakh, while 5 percent interest will be given on an amount ranging from Rs 1 lakh to Rs 5 lakh. Apart from this, 7.25 percent interest will be given on an amount between Rs 5 lakh and Rs 10 lakh. At the same time, 7.5 percent return will be given on an amount of Rs 10 lakh to Rs 2 crore. At the same time, 7.75 percent return will be given on an amount of Rs 5 crore to Rs 25 crore.
According to the bank’s website, “Interest will be calculated on the daily closing balance in the savings account, as per the current guidelines of the Reserve Bank of India. Slab rates are applicable on the incremental amount based on the daily closing balance in the savings account.
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