Interest rates on Senior Citizen Fixed Deposits been increased by SSFB to 9.6% from 9.1% for others

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%

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

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

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

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

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

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

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