Senior Citizen Fixed Deposit: Interest rate increased up to 9.6% for senior citizens, others will also benefit more

Senior Citizen Fixed Deposit: Senior citizens can now get up to 9.6% interest on Fixed Deposits from Suryoday Small Finance Bank (SSFB). SSFB said in a statement today that it has revised the interest rates on Fixed Deposits with effect from May 05, 2023. The bank has increased interest rates by 49 to 160 basis points (bps) for FDs with a tenure of 1 to 5 years.

After the amendment, SSFB has started accepting deposits of less than Rs 2 crore maturing in 7 days to 10 years from general citizens at an interest rate of 4.00 per cent to 9.10 per cent. For senior citizens, the new rates range from 4.50 per cent to 9.60 per cent for deposits below Rs 2 crore.

In the statement, the bank said that regular customers can now get 9.10 per cent interest rate on 5-year deposits, while senior citizens can get 9.60 per cent interest rate.

SSFB Fixed Deposit Interest Rates

• 1 Year Fixed Deposit: The bank is offering 6.85% interest rate to general customers and 7.35% interest rate to senior citizens.
• 2 Year Fixed Deposit: The bank is offering 8.5% interest rate to general customers and 9% interest rate to senior citizens.
• 999 Days Fixed Deposit: The bank is offering 9% interest rate to general customers and 9.5% interest rate to senior citizens.
• 3 Year Fixed Deposit: The bank is offering 7.25% interest rate to general customers and 7.75% interest rate to senior citizens.
• 4 Year Fixed Deposit: The bank is offering 6.75% interest rate to general customers and 7.25% interest rate to senior citizens.
• 5 Year Fixed Deposit: The bank is offering 9.1% interest rate to general customers and 9.6% interest rate to senior citizens.
• 6 Year Fixed Deposit: The bank is offering 7.25% interest rate to general customers and 7.75% interest rate to senior citizens.
• 7 Years Fixed Deposit: The bank is offering 7.25% interest rate to general customers and 7.75% interest rate to senior citizens.
• 8 Years Fixed Deposit: The bank is offering 7.25% interest rate to general customers and 7.75% interest rate to senior citizens.
• 9 Years Fixed Deposit: The bank is offering 7.25% interest rate to general customers and 7.75% to senior citizens.
• 10 Year Fixed Deposit: The bank is offering 7.25% interest rate to general customers and 7.75% interest rate to senior citizens.