Suryoday Small Finance Bank Short Term FD

Suryoday Small Finance Bank is a scheduled commercial bank operating since January 23, 2017. It is a popular option among fixed-income investors due to the competitive interest rates it offers on short-term fixed deposits (FDs). 

For the general public, the interest rates range from 4.00% to 7.25%. Whereas, for senior citizens (individuals aged 60+), the interest rates are 0.40% higher and range from 4.40% to 7.65%.

Want to gain more clarity? In this article, let’s check out the latest Suryoday short-term FD interest rates for 2025. Also, we will learn how the bank does its interest calculations on short-term FDs. 

Suryoday Small Finance Bank FD Rates Today – Short-Term FD (Below 1 Year)

FD interest rates in Suryoday Small Finance Bank vary depending on the deposit period. As of July 10, 2025, the highest Suryoday short-term FD rate is 7.25% p.a. for a tenure of 6 months and 1 day. When kept till maturity, you can enjoy an impressive yield of 7.45%. 

In comparison, senior citizens get an interest rate of 7.65% (40 bps higher) for the same tenure (yield till maturity of 7.87%). For more clarity, let’s check out the latest Suryoday small finance FD rates below:

Tenure	Interest Rate (Per Annum)	Annualised Yield	Senior Citizen Rate (Per Annum)	Senior Citizen Yield
7 Days to 14 Days	4.00%	4.00%	4.40%	4.40%
15 Days to 45 Days	4.25%	4.25%	4.65%	4.65%
46 Days to 90 Days	4.50%	4.50%	4.90%	4.90%
91 Days to 6 Months	5.00%	5.00%	5.40%	5.40%
6 Months 1 Day	7.25%	7.45%	7.65%	7.87%
Above 6 Months 1 Day to 9 Months	5.50%	5.61%	5.90%	6.03%
Above 9 Months to Less Than 1 Year	6.00%	6.14%	6.40%	6.56%

Note: These rates are effective from July 07, 2025, for deposits below ₹3 Crore.

Open a short-term FD today with Suryoday Bank and earn up to 7.25% p.a. interest. Start with just ₹1,000. Open your online FD now!

Suryoday Small Finance Bank FD Rates Today - NRO Short-Term Rates

Besides FDs for residents, Suryoday Small Finance Bank also offers short-term FDs for NRE (Non-Resident External) citizens. It is worth mentioning that the additional rate for senior citizens does not apply to such FDs. Furthermore, interest on NRO deposits is taxable in India and is compounded quarterly for yield calculation.

Let’s check out the latest Suryoday Small Finance FD rates for 2025 applicable on NRO deposits:

Tenure	Interest Rate (Per Annum)	Annualised Yield
7 Days to 14 Days	4.00%	4.00%
15 Days to 45 Days	4.25%	4.25%
46 Days to 90 Days	4.50%	4.50%
91 Days to 6 Months	5.00%	5.00%
6 Months 1 Day	7.25%	7.45%
Above 6 Months 1 Day to 9 Months	5.50%	5.61%
Above 9 Months to Less Than 1 Year	6.00%	6.14%

Note: These rates are effective from July 07, 2025, for deposits below ₹3 Crore.

Don’t want to lock in money for years? Try Suryoday’s short-term FDs and earn interest rates up to 7.25%! Open your FD online within minutes!

Suryoday Short-Term FD - NRE Short-Term Rates

Suryoday Small Finance Bank does not offer short-term fixed deposits (below 1 year) under the NRE (Non-Resident External) account. This is because, as per RBI regulations, NRE fixed deposits must have a minimum tenure of 1 year. 

Therefore, if you are an NRI looking to invest in an NRE FD, you must opt for a tenure of 1 year or more, as short-term tenures are not available.

How Is Suryoday Short-Term FD Interest Calculated?

The interest calculation method used by the Suryoday Small Finance Bank depends on the tenure and payout option of the FD. Let’s understand how calculations are made in three different cases:

Case I: Quarterly Compounding is Done For Tenure Above 6 Months

If your FD is for more than 6 months, the bank compounds interest every quarter.

This means:

• Interest is calculated every 3 months.
• That interest is then added to your principal.
• In the next quarter, interest is calculated on this new total (principal + previous interest).

For those unaware, this is also called a cumulative or reinvestment FD. You receive the total interest plus the principal at maturity.

Case II: Simple Interest is Offered for Tenure Up to 6 Months

If your FD is for 6 months or less, the bank pays simple interest. Now, this means:

• Interest is calculated only on the original deposit (principal).
• There’s no compounding (no interest on interest).
• The total interest is paid to you at maturity.

Case III: Monthly Interest Payout at a Discounted Rate

If you choose to receive interest every month:

• The bank calculates interest quarterly

and then

• Pays it to you monthly at a discounted rate

Why discounted? That’s because you're getting the interest earlier than maturity. Therefore, the bank adjusts it slightly “down” to account for the early payout. Due to this markdown, the actual monthly interest rate you get is slightly lower than what is mentioned in the rate card. 

For a better understanding of all three cases, study the table below:

FD Tenure / Type	Interest Type	When You Get Paid
Less than or equal to 6 months	Simple interest	At maturity
More than 6 months (Cumulative FD)	Quarterly compounded	At maturity (with interest on interest)
Monthly Interest Payout	Discounted from the original rate	Paid every month

Invest Your Surplus with GoldenPi in 2025!

Suryoday short-term FDs are flexible and rewarding options for both resident and non-resident individuals. Whether you're looking to invest for just a few days or up to 12 months, the bank provides competitive interest rates ranging from 4.00% to 6.00% for the general public and 4.40% to 6.40% for senior citizens. 

If we talk about the interest calculations, it is calculated based on the tenure and payout type. The bank offers simple interest for deposits up to 6 months and does quarterly compounding for longer periods. 

With low deposit requirements (as low as ₹1,000) and DICGC coverage up to ₹5 lakhs, you can consider Suryoday short-term FDs for investing surplus funds up to 1 year. You can even book your FD online from the comfort of your home.