Suryoday Small Finance Bank (SFB) has scheduled a revision of fixed deposit rates effective June 1, 2025. The bank currently offers the highest 8.6 per cent rate of interest to the general public and 9.1 per cent to senior citizens (60 years and above) for a '5 years' tenure. However, these are available only for the next two days. From June 1, the rates for said tenure will be 8.40 per cent and 8.80 per cent for the general public and senior citizens, respectively.
Experts believe that the Reserve Bank of India (RBI) may reduce the repo rate once again in June this year. So, one may consider booking FDs at the current rates before they are slashed.
Suryodaya Bank has already announced the rates, which will be applicable from June 1. The new interest rates show a reduction of 0.7 per cent (70 basis points) in the highest interest rate available today for senior citizens. Seniors who are often risk-averse and trust bank deposits more than other investment instruments may consider checking these interest rates.
Suryoday Small Finance Bank
The last time the SFB revised its fixed deposit (FD) rates was on May 8, 2025, and the next revision will become effective starting June 1, 2025.
Here are the details for senior citizens:
Here are the interest rates for the general public:
The interest rates have been reduced only for ‘5 years’ tenure for the general public. However, for seniors, it has been reduced by 10 basis points for all tenures except ‘5 years’ for which the bank reduced the interest by 70 basis points.
The deposits in SFBs are secure under the Deposit Insurance and Credit Guarantee Corporation (DICGC) for up to Rs 5 lakh.
