Suryoday Small Finance Bank (SSFB) has revised its fixed deposit interest rates effective March 6, 2026, offering competitive returns across various tenures. According to reports from Upstox, the bank has structured rates for deposits under ₹3 crore with differentiated rates for regular and senior citizens. The new rates provide enhanced returns for longer-term deposits, with the highest rates offered for a 5-year deposit. As per The Economic Times, the bank positions these rates as among the highest FD interest rates in the market, outshining traditional savings accounts and ideal for depositors seeking high yields over fixed tenures.
For short-term deposits, regular customers earn 4.00% per annum for deposits from 7 to 14 days, 4.25% for 15 to 45 days, and 4.50% for 46 to 90 days. As reported by Upstox, senior citizens receive slightly higher rates of 4.20%, 4.45%, and 4.70% respectively for the same tenures. Deposits from 91 days to 6 months offer 5.00% for regular customers and 5.20% for senior citizens, while 6-month-plus deposits fetch 6.50% for regular and 6.70% for senior citizens.
For tenures above 6 months up to 9 months, regular customers earn 5.50% while senior citizens receive 5.70%. According to The Economic Times, deposits above 9 months to less than 1 year offer 6.00% for regular and 6.20% for senior citizens. The bank provides 1-year deposits at 7.25% for regular customers and 7.45% for senior citizens, with the same rates applicable for deposits above 1 year up to 18 months.
As reported by Upstox, 18-month deposits offer 7.60% for regular customers and 7.95% for senior citizens. Deposits above 18 months to 2 years and 2 to 3 years earn 7.25% for regular and 7.45% for senior citizens. Deposits above 3 years to less than 5 years are priced at 6.75% for regular and 6.95% for senior citizens. The highest rate of 7.90% is offered for a 5-year FD for regular customers, while senior citizens can earn 8.10% on the same tenure. According to The Economic Times, the 5-year FD represents the highest FD interest rate available in the current structure.
According to Upstox, fixed deposits in scheduled banks, including small finance banks, are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakh per depositor per bank. This government-backed insurance protects deposits in case the bank faces financial trouble. However, amounts above ₹5 lakh are not insured, making it advisable to spread large deposits across multiple banks for full insurance coverage. As per The Economic Times, all deposits with Suryoday Small Finance Bank are insured by the DICGC up to the applicable limits, providing an additional layer of security to depositors.
