Suryoday SFB FD Rates Revised, Up To 8.50 Per Cent For Senior Citizens

The Reserve Bank of India’s (RBI) decision to raise the repo rate by 0.25 per cent to 5.50 per cent came on October 7, 2026, but not many banks have revised their deposit rates in line with this. Though it is not mandatory for banks to raise their rates in the same percentage points as the repo rate, a shift in bank interest rates is expected in the same direction as the repo rate. 

The transmission this time seems to be occurring gradually across banks. During the week ended October 18, 2026, only Suryoday Small Finance Bank (SFB) revised its fixed deposit (FD) rates. 

Here are the details.

Suryoday SFB

The SFB revised its FD rates on October 16, 2026. The highest deposit rate remains unchanged at 8.50 per cent for senior citizens (60 years and above), which works out as 8.77 per cent annualised if kept till maturity, that is, five years. The revised FD rates for senior citizens are as follows.

• 4.15 per cent for 7-14 days

• 4.40 per cent for 15-45 days

• 4.65 per cent for 46-90 days

• 5.15 per cent for 91 days to six months

• 6.65 per cent for six months and one day

• 5.65 per cent for above six months one day to nine months

• 6.15 per cent for above nine months to less than one year

• 7.40 per cent for one year

• 7.66 per cent for one year one day

• 7.40 per cent for one year one day to less than 18 months

• 8.16 per cent for 18 months

• 7.40 per cent for more than 18 months to two years

• 7.40 per cent for more than two years to less than 30 months

• 8.25 per cent for 30 months

• 7.40 per cent for 30 months to three years

• 6.90 per cent for more than three years to less than five years

• 8.50 per cent for five years

• 7.40 per cent for above five years to 10 years

The bank has included two new tenures: ‘one year one day’ and ‘one year one day to less than 18 months’. The bank offers an annualised yield in the range of 7.60-8.77 per cent on FD tenures of one year and above.

For the general public, the annualised yield ranges from 7.45-8.51 per cent for the same tenures.

These interest rates apply to callable FDs valued at less than Rs 3 crore.