Suryoday Small Finance Bank Senior Citizen FD

Are you a senior citizen looking to earn fixed + safe + competitive returns? You can consider investing your money in DICGC (Deposit Insurance and Credit Guarantee Corporation) insured Suryoday Small Finance Bank. As of July 11, 2025, Suryoday Small Finance Bank FD rates for senior citizens start from 4.40% per year. The highest rate you can earn is 8.40% per year for a 5-year tenure (yield till maturity 8.67% p.a.). 

Additionally, with Suryoday Small Finance Bank, you can also decide how often you receive your interest: monthly, quarterly, or at maturity. Want to know more about this safe and low-risk investment option? Let’s check out some key features of Suryoday FD for senior citizens, associated rules, and the latest Suryoday Small Finance Bank FD rates for senior citizens. 

Key Features of Suryoday FD for Senior Citizens

Compared to regular citizens, seniors get 0.40% more interest on their Suryoday FD for all tenures. These FDs are safe and insured by DICGC up to ₹5,00,000 per depositor, per bank. Let’s check out some of its primary features:

Feature	What It Means
Flexible Tenure	You can choose how long to invest. The tenure ranges from 7 days to 10 years.
Minimum Deposit	You can start an FD with just ₹1,000.
Premature Withdrawal	You can withdraw early if needed, but a 1% penalty on interest may apply.
Guaranteed Returns	Suryoday FD for senior citizens is not subject to market fluctuations and risks.
Loan Facility	You can take a loan against your FD in case of any emergency.
Automatic Renewal	You can opt to renew your FD automatically when it matures.
Nomination	You can name someone to receive the money if something happens to you.
Tax Saver FD	A 5-year FD is available that gives tax benefits at the same high senior rates.

Latest Suryoday Small Finance Bank FD Rates For Senior Citizens 2025

With Suryoday Small Finance Bank you can book long-term or short-term FDs based on your investment goals. Check out the FD interest rates of Suryoday Small Finance Bank applicable for senior citizens as of July 11, 2025: 

Tenure	Senior Citizen Rate (p.a.)	Annualised Yield (%)
7 Days to 14 Days	4.40%	4.40%
15 Days to 45 Days	4.65%	4.65%
46 Days to 90 Days	4.90%	4.90%
91 Days to 6 Months	5.40%	5.40%
6 Months 1 Day	7.65%	7.87%
Above 6 Months 1 Day to 9 Months	5.90%	6.03%
Above 9 Months to < 1 Year	6.40%	6.56%
1 Year	7.90%	8.14%
Above 1 Year to 15 Months	7.90%	8.14%
Above 15 Months to 18 Months	7.90%	8.14%
Above 18 Months to 2 Years	7.90%	8.14%
Above 2 Years to 30 Months	7.90%	8.14%
Above 30 Months to 36 Months	8.15%	8.40%
Above 3 Years to less than 5 Years	7.15%	7.34%
5 Years	8.40% (Highest)	8.67% (Highest)
Above 5 Years to 10 Years	7.65%	7.87%

Note: These rates are effective from July 7, 2025. 

Open a senior FD online from the comfort of your home! 

Some Important Rules You Must Know

As a senior citizen, there are some important FD rules you must know before investing. These rules affect:

• How is your interest calculated
• When it's paid
• What happens during early withdrawal
• How taxation works

Let’s study them in detail (all the rules below are valid as of July 11, 2025):

1. Eligibility for Senior Citizen FD Rates

Only resident Indians aged 60 years and above are eligible to receive the special senior citizen FD interest rates. These rates are 0.40% higher than standard rates. They are applied only if your age and residency criteria are met at the time of opening the FD.

2. Interest Calculation Method

Interest is calculated quarterly for FDs above 6 months. For tenures of 6 months or less, simple interest is paid at maturity. If you choose a cumulative FD (reinvestment option), the interest is compounded every quarter and added to the principal. This allows you to earn interest on interest.

3. Monthly and Quarterly Payout Options

If you select monthly or quarterly interest payouts, the interest is calculated at the “start” of the last day of the month or quarter. In the case of a monthly payout, the rate is slightly lower due to discounting. However, you will not lose any interest over the entire deposit term.

4. Premature Withdrawal Rules

You are allowed to withdraw your FD early, but the bank will apply a penalty. This penalty is usually around 1%. The interest will be recalculated at the lower of:

• The booked rate 

or

• The rate applicable for the actual tenure

Please note that no penalty is charged if you withdraw a 1-year cumulative FD before maturity.

5. Tax Deducted at Source (TDS)

Interest earned on your FD is subject to TDS as per Income Tax rules. If your interest income exceeds the exemption limit, tax will be deducted before the interest is paid to you. You can submit Form 15H if you wish to avoid TDS. 

How to Start Suryoday Bank FD Online?

To start a Suryoday FD for senior citizens, you can do it in two ways:

• Online 

or

• By visiting a branch

Let’s understand how both options work:

How to Open a Suryoday Bank FD Online?

Follow these five simple steps: 

• Step I: Visit the official Suryoday Small Finance Bank website and start the FD creation process. Alternatively, you can click on this link. 
• Step II: Enter your mobile number for verification.
• Step III: Enter your personal and identity details like name, PAN, Aadhaar, and address.
• Step IV: Transfer the deposit amount using your preferred payment method.
• Step V: Once done, you’ll receive an “FD Advice”. This document confirms that you have successfully created your FD. 

Offline Option (Visit the Branch)

If you're not comfortable booking online, you can go to the nearest Suryoday Small Finance Bank branch and complete the process in person. The following documents will be required:

• Proof of age, such as:
• Aadhaar card
• PAN card
• Passport, or any similar ID.
• Address proof, such as:
• Recent utility bill (electricity/ water bills)
• Bank statement
• PAN Card (it is mandatory for all applicants). 

You can invest in the Suryoday FD for senior citizens online within minutes!

Start Investing in Senior Citizen FD Schemes with GoldenPi in 2025!

Suryoday FD for senior citizens is an attractive option for conservative investors looking to earn competitive returns without market risk. With Suryoday Small Finance Bank, you can earn special interest rates that are 0.40% higher than regular rates. As of July 11, 2025, you can earn up to 8.40% p.a. for a tenure of 5 years. 

Also, you can choose a tenure from 7 days to 10 years, and start with just ₹1,000. Whether you want monthly payouts or want to reinvest your interest, there are flexible options available. 

Moreover, booking is simple! You can create your Suryoday Bank FD online from here!