Suryoday Small Finance Bank FD Scheme

Suryoday Small Finance Bank is a scheduled commercial bank regulated by the Reserve Bank of India. Based in Maharashtra, the bank is widely known for offering a wide range of FD schemes. 

Suryoday Small Finance Bank FDs offer competitive interest rates [going up to 8.40% p.a. (as of July 9, 2025)] and come with a low minimum deposit requirement (starting at only ₹1,000). 

Want to earn high returns without investing a high upfront capital? Let us take a comprehensive look at the various Suryoday FD schemes, their key features, interest rates, and individual benefits. Additionally, you will find out whether Suryoday Small Finance Bank FDs are safe. 

What are the Suryoday Small Finance Bank FD Schemes in 2025?

Suryoday Small Finance Bank offers various Fixed Deposit (FD) schemes for different types of investors:

• Residents
• Senior citizens
• NRIs
• Tax-savers

Each Suryoday FD comes with specific features, interest rates, and conditions. Let’s understand the various options in detail:

1. Domestic Fixed Deposit

This Suryoday FD can be opened by resident individuals, HUFs, companies, firms, and trusts. Below are some key features you must know:

• Minimum deposit: ₹1,000

• Tenure options: 7 days to 10 years
• Interest payout: You can choose to receive interest monthly, quarterly, or at the end of the FD term (maturity).
• Premature withdrawal: Allowed, but not for non-callable FDs.
• Auto-renewal: Available at the end of the term.
• Interest rates: Up to 8.40% per annum

2. Tax Saver Fixed Deposit

This Suyoday Small Finance Bank FD can be opened by resident individuals and HUFs. Here are some of its key features:

• Minimum deposit: ₹1,000
• Maximum deposit: ₹1.5 lakh per financial year
• Tenure: Fixed for 5 years (you cannot withdraw before 5 years)
• Tax benefit: The FD amount can be claimed as a deduction under Section 80C of the Income Tax Act (up to ₹1.5 lakh).
• Premature withdrawal: Not allowed
• Interest rates: Up to 8.40% per annum
  
  

Please note that, as per the latest tax changes, a deduction for a tax-saving FD is only available under the old income tax regime.

3. Non-Callable Fixed Deposit (Retail)

This Suryoday FD type is usually meant for high-net-worth individuals. This FD scheme has a high minimum deposit requirement with less flexibility. Let’s check out its key features:

• Minimum deposit: ₹1 crore
• Maximum deposit: ₹2.99 crore
• Interest rate: Up to 8.50% p.a.
• Premature withdrawal: Not allowed (comes with some exceptions)

Let’s compare these three Suryoday FD schemes for a better understanding: 

Feature	Domestic FD	Tax Saver FD	Non-Callable FD (Retail)
Who can invest	Individuals, HUFs, Companies, Firms, Trusts	Individuals and HUFs	Usually high-net-worth individuals
Minimum deposit	₹1,000	₹1,000	₹1 crore
Maximum deposit	No upper limit	₹1.5 lakh per financial year	₹2.99 crore
Tenure options	7 days to 10 years	Fixed for 5 years only	1 to 3 years
Interest payout options	Monthly, quarterly, or at maturity	Usually at maturity	Depends on the scheme
Premature withdrawal	Allowed (except non-callable FDs)	Not allowed	Not allowed (with limited exceptions)
Tax benefit	No	Yes, under Section 80C (old tax regime only)	No
Interest rates	Up to 8.40% p.a.	Up to 8.40% p.a.	Up to 8.50% p.a.
Auto-renewal option	Available	Not available	Not available
Best for	General savings and small investments	Long-term tax-saving under the old tax regime	Bulk investments with higher fixed returns

Note: The rates are as of July 9, 2025

4. NRE/NRO Fixed Deposit

These Suryoday Small Finance Bank FDs can be opened only by Persons of Indian Origin (PIOs), Overseas Citizens of India (OCIs), and Non-Resident Indians (NRIs). The two varieties of FDs offered by the bank are:

Suryoday FD Schemes/ Features	NRE FD (Non-Resident External)	NRO FD (Non-Resident Ordinary)
Currency	Indian Rupees (converted from foreign currency)	Indian Rupees (from income earned in India)
Minimum deposit	₹10,000	₹10,000
Tenure	1 year to 10 years	7 days to 10 years
Premature withdrawal	Allowed after 1 year, but with some conditions	Allowed with conditions
Interest rate	Up to 8.40% per annum	Up to 8.40% per annum
Taxation	Interest earned is tax-free in India	Interest is taxable in India
Repatriation	Principal and interest are fully repatriable (can be sent back abroad)	Interest is repatriable after taxes, and principal is repatriable within set limits

Note: The rates are as of July 9, 2025

4 Major Benefits of Investing in Suryoday FDs in 2025

As of now, over 2.8 million customers have chosen Suryoday Small Finance Bank. That’s largely because Suryoday FDs offers attractive interest rates in the small finance bank segment, particularly for senior citizens and on select tenures.

Also, these FDs come with flexible tenures (from as short as 7 days to as long as 10 years) with premature-withdrawal flexibility (except for non-callable FDs). The following are the major advantages of investing in these fixed deposits.

1. High Interest Rates

Suryoday Small Finance Bank FDs offer up to 8.40% p.a. for both general and senior citizens (as of July 9, 2025). When held till maturity, you get a yield of 8.67% p.a. This rate is higher than those offered by several traditional banks. Furthermore, the long-tenure option (of 5 years) allows you to lock this rate for the long term. 

2. Only ₹1,000 Minimum Deposit

Suryoday Small Finance Bank FDs start from only ₹1,000. With such a low minimum investment requirement, you can build a “laddered FD portfolio” by splitting your total investment into smaller FDs with different maturity periods (short-term, mid-term, and long-term). 

The benefit? 

• You get regular returns as each FD matures.
• You can avoid locking all your money at once.
• You can reinvest at better rates if the market changes.

3. Online Booking and 24x7 Support

Besides branch visits, Suryoday FDs can be opened and managed 100% online through the website or mobile app. You also get access to 24/7 customer support, where you can get answers to important customer queries (about renewals, interest payouts, or premature withdrawals) without waiting for banking hours.

Open a Suryoday Small Finance Bank FD today and enjoy interest rates up to 8.40% p.a. (as of July 9, 2025). Book your FD online now and start building your financial future with confidence!

4. High-Yield NRE FDs (Tax-Free and Fully Repatriable)

For NRIs, Suryoday’s NRE FDs also offer up to 8.40% p.a. There is no tax on the interest, and you enjoy 100% repatriation of both principal and returns. This makes it an excellent opportunity to park offshore income in India. 

With Suryoday Small Finance Bank, you can earn better yields than most global fixed-income products.

Is Suryoday Small Finance Bank FD Safe?

Suryoday Small Finance Bank operates under the strict supervision of the Reserve Bank of India (RBI) and adheres to regulated banking norms. It is also backed by credit ratings from agencies like CRISIL and ICRA. 

As of November 22, 2024, CRISIL reaffirmed its rating of CRISIL A1+ for its certificate of deposit programme. For those unaware, it is the highest possible rating for short-term debt instruments. This shows three major signs:

Strong Creditworthiness	Strong Capitalisation	Growth in Retail Term Deposits
The bank is seen as very safe to lend money to and is unlikely to default.	It has enough financial cushion (capital) to absorb risks or losses.	More individual investors are trusting the bank and putting their money in its FDs and savings, showing strong public confidence.

Additionally, all deposits in Suryoday FDs (principal and accumulated interest) are protected under the Deposit Insurance and Credit Guarantee Corporation (DICGC). If the bank fails, you will recover up to ₹5 lakh per depositor, per bank (at no extra cost). 

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Suryoday Small Finance Bank FDs come with competitive interest rates and flexible tenures. If you are planning to invest, the right FD for you depends on:

• Your residency status (resident or NRI)
• Your goal (long-term savings, tax saving, or high returns)
• Your liquidity needs (whether you might need funds before maturity)
• The amount you want to invest

Furthermore, with online booking, DICGC insurance coverage up to ₹5 lakh, and strong credit ratings, your investment stays both accessible and secure. Let your money work for you. Open your FD online in just a few clicks!