Regular citizens can seamlessly liquidate their FD anytime after 7 days in case of an emergency, without any penalty on the principal amount for premature liquidation. All fixed deposits booked using the Stable Money App or website are insured up to ₹5 lakh, covering both principal and interest, under DICGC guidelines from the Reserve Bank of India (RBI).

Download the Stable Money App now and book your FD to enjoy high-interest income with complete security!

Features of Suryoday Small Finance Bank FD

Here are the features of Suryoday Small Finance:

• Suryoday Bank interest rates on FD are as high as 8.10% for a tenure of 30 months to general citizens and 8.25% to senior citizens. 
• The minimum amount of principal for FD is as low as ₹1,000.
• Suryoday Bank FD rates are pre-determined while booking and remain unchanged for the entire tenure of FD. 
• You can get high interest rates ensuring stable returns without market risk.

Eligibility for Suryoday Small Finance Bank FD Booking

Here is the list of individuals or entities eligible to avail Suryoday fixed deposit rates:

• Resident individuals including single and joint holders
• Sole proprietorship firms
• Partnership firms
• Hindu Undivided Family (HUF)
• Trust accounts

Documents Required to Open Suryoday SF Bank FD

You need the following KYC (Know Your Customer) documents to avail Suryoday Small Finance Bank interest rates:

• Identity proof such as a PAN card or other government-registered documents 
• Address proof such as passport, voter ID card, Aadhaar card or driving license
• Photograph

Types of Suryoday SF Bank FD

Here are the different types of fixed deposits available at Suryoday SF Bank:

• Domestic Fixed Deposits: These are regular FDs for general and senior citizens in addition to other eligible entities where you can earn competitive Suryoday Small Finance Bank FD rates. 
• Tax-Saver Fixed Deposits: These allow you to avail a tax deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act, 1961. 
• Non-Callable Fixed Deposits Retail: In addition to the list of eligible individuals and entities, TASC, co-operative banks, NPO/NGO, co-operative credit society, other payments banks, co-operative housing society, limited liability partnerships and educational institutions can book this FD.

Premature Withdrawal of Suryoday SF Bank FD

If you book a Suryoday Bank FD using the Stable Money App or website, you can seamlessly consider premature liquidation in case of financial emergencies and fund requirements. You can prematurely withdraw your FD anytime after 7 days from the date of booking and receive the money in your bank account instantly. 

However, a penalty will apply to the effective interest rate for the tenure. The penalty ranges between 0.5% to 1% based on the bank's terms and conditions. 

Tax on Suryoday SF Bank FD

The interest earned on Suryoday SF Bank FD booked is taxable under the Income Tax Act, 1961. If you book a tax-saving FD, you can get an interest of 8.10% for a tenure of 5 years. A tax-saving FD with Suryoday SF Bank enables you to earn a tax deduction of up to ₹1.5 lakh. 

Suryoday SF Bank FD Calculator

Calculate your returns with Suryoday Bank FD using the free online FD calculator below:

Why Should You Choose Stable Money to Book Suryoday SF Bank FD?

Opening a Suryoday SF Bank FD with Stable Money does not mandate opening a Suryoday Bank savings account. Further, we at Stable Money provide 24 * 7 customer support to assist you in FD booking, withdrawal and resolving other queries. 

Stable Money offers a quarterly compounding frequency on all Suryoday Small Finance Bank FDs booked through its website or app. This means the interest is added to the deposit every quarter, which in turn earns more interest in the following quarters. As a result, the annualised return is higher than the nominal FD rate.