Suryoday Small Finance Bank Tax Saving FD

Looking to save tax + earn competitive returns? Try out Suryoday Small Finance Bank’s Tax Saver Fixed Deposit. It allows you to lower your income tax liability and grow your money at the same time. You can invest up to ₹1.5 lakh in this FD and claim a deduction under Section 80C of the Income Tax Act (only under the old regime).

The interest you earn is fixed at the time of booking and does not change during the 5-year period. But remember, the interest earned is taxable as per your income slab. Also, this FD comes with a 5-year lock-in period. You cannot withdraw the money for at least 5 years, even in the event of an emergency. 

The Suryoday tax saver FD is a good option if you want to earn guaranteed and safe returns along with tax benefits. Need more information? In this article, we will study what Suryoday tax saver FD is, how it works, and the latest Suryoday Bank tax saver FD rates. 

What is Suryoday Tax Saver FD?

The Suryoday Tax Saver FD is a fixed deposit scheme offered by Suryoday Small Finance Bank. 100% of the amount invested in this FD scheme is eligible for tax deductions under Section 80C of the Income Tax Act, 1961. The maximum amount you can invest in Suryoday Tax Saver FD is capped at ₹1.5 lakh. 

This FD is a popular choice for risk-averse investors. For more clarity, let’s check out some of its key features. 

Key Features of Suryoday Tax Saver FD

Suryoday tax saver FD suits those who can set aside funds for a longer term without needing urgent access. Below are some key features you must know:

Feature	Details
Tax Benefit	You can claim a deduction of up to ₹1.5 lakh under Section 80C.
Interest Rate	8.40% per annum (same for regular and senior citizens; as of July 11, 2025).
Lock-in Period	5 years. No premature withdrawal is allowed.
Minimum Deposit	₹1,000. You can add more in multiples of ₹100.
Maximum Deposit	₹1,50,000 in a financial year (per PAN).
Interest Payout Options	Monthly, Quarterly, or Cumulative (reinvested with principal).
Eligibility	Resident Individuals and Hindu Undivided Families (HUFs).
Loan/ Overdraft Facility	Not allowed against this FD.
Auto-Renewal	Not available. You must manually renew or withdraw after maturity.
Nomination Facility	Available. You can name a nominee for this FD.

Note: The details mentioned above are valid as of July 11, 2025. 

Paying too much tax? Use Suryoday’s Tax Saver FD to bring it down. Invest online and lock your 8.40% p.a. rate!

How Does Suryoday Tax Saver FD Work?

In the Suryoday Tax Saver FD, you invest a lump sum amount (up to ₹1,50,000), and the bank pays you a fixed interest on it for 5 years. The deposit gets locked in for this entire period. At the time of making a Suryoday tax-saving FD, you get two options to receive the interest:

Option I: Monthly or Quarterly	Option II: Cumulative (reinvestment)
Choose this option if you want regular income.	In this option, interest is added to the principal, and you get everything at maturity.

For a better understanding, let's study an example:

Let’s say you invest ₹1,50,000 in July 2025 in a cumulative Suryoday Tax Saver FD for 5 years at an interest rate of 8.40% per annum.

• You claim ₹1,50,000 as a deduction under Section 80C when filing your income tax return for FY 2025–26 (AY 2026-27).
• Your money stays locked till July 2030.
• Since you chose a cumulative payout, your interest gets added back to the principal each year.
• At the end of 5 years, your maturity amount will be approximately ₹2,27,303.
  
  

This way, you save tax and grow your money without market risk. So, want to invest in Suryoday’s Tax Saver FD?Book your FD online!

What are Suryoday Bank Tax Saver FD Rates 2025?

As of July 11, 2025, the Suryoday Bank Tax Saver FD rates are as follows:

FD Scheme	Tenure	Regular Citizens	Senior Citizens
Suryoday tax-saving FD	5 Years	8.40% p.a.	8.40% p.a.

Please note that the interest is compounded quarterly for cumulative FDs and credited monthly/ quarterly for non-cumulative FDs.

“Tax Saving + Fixed Returns” on Your Mind? Start Investing with GoldenPi Today!

The Suryoday Tax Saver FD is a solid option for anyone looking to save tax and earn fixed returns without taking risks. By investing up to ₹1.5 lakh, you can reduce your taxable income under Section 80C and enjoy a steady interest rate of 8.40% per annum (as of July 11, 2025). You can also choose how you want to receive your interest:

• Monthly
• Quarterly
• At maturity

However, this FD comes with a 5-year lock-in. You can’t withdraw early or even take a loan against it. As a tip, you should only invest in this scheme if you have sufficient liquidity and won’t need the money for that period. 

Invest up to ₹1.5 lakh in Suryoday’s Tax Saver FD and reduce your taxable income under Section 80C. Get started today!