Suryoday Small Finance Bank has revealed its fixed deposit (FD) interest rates for 2024, featuring competitive options for both regular and senior citizens ranging from 4% to 9.25%. To initiate an FD account, a minimum deposit of ₹1,000 is required, with no upper limit imposed.

Originally established as Suryoday Micro Finance Ltd in 2008, the institution focused on micro loans for women in urban and semi-urban locales. By 2017, it transitioned into a small finance bank and gained recognition as a scheduled commercial bank in 2018.

The bank's FD offerings include flexible tenure and the option for partial withdrawal without needing a savings account. Investors can view a table provided by the bank, which illustrates returns for various investment amounts over three or five-year periods.

When compared to other financial institutions, Suryoday Small Finance Bank maintains competitive FD rates. Customers can utilize the FD calculator for a comprehensive comparison and evaluation of potential returns across different banks.

In summary, Suryoday Small Finance Bank presents appealing fixed deposit solutions with diverse interest rates and adaptable tenures to suit investors' needs.