Interest Rate Increase on Senior Citizen Fixed Deposits: Suryoday Small Finance Bank (SSFB)

increased the interest rate on fixed deposits for senior citizens to up to 9.6%

According to a statement released today by SSFB, interest rates on fixed deposits have changed as of May 5, 2023.

For FDs with terms ranging from one to five years, the bank increased interest rates from 49 to 160 b

Following the modification, SSFF began taking deposits from regular residents for 7-day to 10-year 

For deposits under Rs 2 crore, the new rates for older folks vary from 4.50 percent to 9.60 percent.

According to the bank's statement, normal clients now receive a 5.-year deposit interest rate of 9.10%, 

while senior people receive a 5.-year deposit interest rate of 9.60%.