Financial Express
- May 9

Senior Citizen Fixed Deposit interest rate hiked to 9.6% by SSFB, 9.1% for others – check details

Senior Citizen Fixed Deposit Interest Rate Hike: Senior Citizens can now get up to 9.6% interest on fixed deposits from Suryoday Small Finance Bank (SSFB). In a statement, SSFB today said it has revised interest rates on fixed deposits with effect from May 05, 2023. The bank has hiked interest rates for FDs of 1 to 5-year tenors by 49 to 160 basis points (bps).

After the revision, SSFF has started accepting deposits of less than Rs 2 crore maturing in 7 days to 10 years from general citizens at an interest rate of 4.00 per cent to 9.10 per cent. For senior citizens, the new rates are in the range of 4.50 per cent to 9.60 per cent for deposits below Rs 2 crore.