Suryoday Bank Tax Saver Fixed Deposit

The Suryoday Small Finance Bank Limited was originally founded in the year 2008. It was a Private Limited Company originally and later converted into a Small Finance Bank. This bank provides a lot of attractive schemes, one of which is the Suryoday Bank Tax Saver Fixed Deposit scheme. With an interest rate of up to 9.10% per annum, the scheme provides a lot of benefits for FD investors, especially for tax deductions. 

Read on to know more about how you can apply for this scheme via the Stable Money app with only just a few clicks!

Features of Suryoday Bank Tax Saver Fixed Deposit 

The Suryoday SF Bank Tax Saver FD allows depositors to get a deduction of up to ₹1.5 lakh under Section 80C, Income Tax Act. This scheme provides fixed returns upon maturity. They have a fixed lock-in period of 5 years. Here is a list of features that you can enjoy upon availing this scheme:

• Interest compounded on a quarterly basis 
• Secure and safe transactions via UPI or Net banking 
• 24x7 customer support
• Suryoday small finance bank FD rates for general people yearly (8.60% p.a), senior citizens (8.88% p.a)

Get our Stable Money app today to apply for this Fixed Deposit scheme easily!

Benefits of the Suryoday Bank Tax Saver FD

Getting the Tax Saver scheme at Suryoday Bank gives you the following benefits:

• Ability to Start Small

As a new investor, you get to open a Suryoday SF bank tax saver Fixed Deposit for a minimum amount of ₹1,000.

• Assured Returns

By opting for a tax-saver deposit scheme, you get to earn safe and stable returns at attractive interest rates. This is a safer option as compared to other instruments where the returns depend on current market conditions.

• Benefits of Tax Deduction

You get tax deductions when opting for Suryoday Bank Tax Saver Fixed Deposit, for up to ₹1.5 lakh under Section 80C of the Income Tax Act. 

• Facility of Nomination

In this type of scheme, you get the option of nominating a person to take over the funds on your behalf. 

• Lesser Lock-In Period

This type of fixed deposit scheme has a lock-in period of 5 years, after which you can withdraw funds.

Why Get Suryoday SF Bank Tax Saver FD with Stable Money?

Applying for Suryoday Bank Tax Saver Fixed Deposit through our Stable Money app grants you a lot of additional benefits as compared to directly applying on the Suryoday Bank portal. When applying from our app, you do not even require having a bank account in Suryoday Bank. 

Furthermore, you also get more attractive interest rates when applying for any scheme through our app. It also comes with a sum insurance of ₹5 lakh backed up under guidelines of the DICGC (Deposit Insurance Credit Guarantee Corporation) by RBI (Reserve Bank of India). We also have 24x7 customer support readily available to help you out if you face any problems.