Suryoday Small Finance Bank

Suryoday Small Finance Bank FDs compound interest takes place every 3 months. At the end of each quarter, the accrued interest is added to the principal, thereby generating additional returns.

Here in Suryoday Small Finance Bank, you can invest up to Rs 1 Lakh using UPI. If the amount exceeds Rs. 1 Lakh, you need to use net banking options for investments up to Rs. 10 lakh, subject to your limit. There are no restrictions on the number of FDs you can open.

Absolutely! You can invest in Suryoday Small Finance Bank FDs without opening a bank account via Blostem. The process is digital, safe, and fast, taking up to 3 minutes.

No, Suryoday Small Finance Bank FDs do not offer monthly or quarterly payouts. Interest is only received upon maturity.

Yes, you can book an FD through NetBanking for amounts up to Rs. 10 Lakh, depending on your NetBanking limit.

The video KYC is not compulsory for your first FD if the tenure is less than 1 year or the amount is Rs. 90,000 or less. You only need to complete the video KYC process once per bank.

You can complete the video KYC process within 2 minutes after investing in an FD. It shall be done between 8 am and 11 pm except Sundays, second and fourth Saturdays. Your process will be completed within the next three working days.

To complete the Video KYC, ensure you have your physical PAN card, a blank sheet of paper, and a pen for signing.

Absolutely! Deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), covering deposits up to Rs. 5 lakhs, including fixed deposits.

After payment, your funds are transferred directly to the bank, and an account is immediately created upon initiation.

You’ll receive a notification on the FD receipt from the bank to your registered email. You can also find the receipts under the ‘My Investment’ section after logging in to the portal.

Yes! You can withdraw your investment at any time after 7 days without incurring any penalty. The only drawback is that the interest earned will be 1% less than the applicable interest for the remaining tenure.

The maturity or withdrawal amount will be credited to the same bank account used for the payment within 6 hours.

Usually, it takes about 6-8 hours for the withdrawal amount to be credited to your bank account.