Fixed Deposit: This bank revises FD rates by 41 basis points, senior citizens to get 9.25%

financialexpress.com:

Suryoday Small Finance Bank (SSFB) has revised interest rates on fixed deposits with effect from March 01, 2024. Interest rates for 25-month 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 per cent to 9.01 per cent to the general public and 4.50 per cent to 9.25 per cent for senior citizens.

The best part is that regular customers can now get 9.01 per cent interest rate on 25-month deposit, while senior citizens can get 9.25 per cent interest rate. The bank is also offering interest rate up to 7.75 per cent to its savings account customers in above Rs 5 crore up to Rs 25 crore slab.

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According to the bank, this is the highest interest rate that the bank offers to its customers. Also your deposits are backed by DICGC in this bank, and making an investment decision soon will result in addressing your mid-term goals for 5 years.

Appended below is the table for your perusal.