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Suryoday Small Finance Bank FD/RD rate at 9.1% for 5 year period

roadrunner

TF Buzz
VIP Lounge
Did not see anyone call this out, so here goes.
Suryoday Small Finance Bank is currently offering 9.1% Annual Interest on fixed deposit and recurring deposit (for 5 year period).
0.5 additional for senior citizens (60+).


I logged interest on their website, recieved call same day from call center. They took my request, and within 30 minutes got a call from the branch near my residence.
Someone came home and completed all account opening formalities.

This is very good for someone who is not interested in mutual funds.

This is a scheduled bank (https://m.rbi.org.in/scripts/bs_viewcontent.aspx?Id=3657)
 

shashank08

TF Premier
Did not see anyone call this out, so here goes.
Suryoday Small Finance Bank is currently offering 9.1% Annual Interest on fixed deposit and recurring deposit (for 5 year period).
0.5 additional for senior citizens (60+).


I logged interest on their website, recieved call same day from call center. They took my request, and within 30 minutes got a call from the branch near my residence.
Someone came home and completed all account opening formalities.

This is very good for someone who is not interested in mutual funds.

This is a scheduled bank (https://m.rbi.org.in/scripts/bs_viewcontent.aspx?Id=3657)
This is another one.. Unity SFB...
9% on FD and 6-7% on savings account..

I skipped them because of unavailability of online process.
Currently SFBs are good for FD but one caution.. one shouldn't go beyond 5 lacs as TRV in these banks..
 

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