Ahead of the RBI’s monetary policy decision on June 6, in which yet another repo rate cut – ranging from 25 bps to 50 bps – is expected, Suryoday Small Finance Bank has announced a revision in its fixed deposit (FD) rates, effective June 1, 2025. Among all small finance banks (SFBs), Suryoday Small Finance Bank is currently offering the highest interest rate of 9.1% to senior citizens on 5-year FDs, according to Paisabazaar.
Book highest FD rate of 9.1% in Suryoday Small Finance Bank
So, senior citizens have just 2 days left to secure a high 9.1% fixed deposit interest rate for 5 years with Suryoday Small Finance Bank. From June 1, 2025, rates will be cut sharply. The Navi Mumbai-headquartered small finance bank has announced a big 60 basis points (bps) cut in its FD rates for senior citizens and general customers. With this 60 bps slash, the highest rate for senior citizens will come to 8.5%.
If we talk about the rates offered by banks on other FD tenors, the small finance bank is currently offering 8.40% on 1-year FDs and 8.90% on 3-year plans for senior citizens. Suryoday Small Finance Bank’s 5-year FD rate for senior citizens is also the highest among all SFBs. From June 1, the highest rate on 5-year FDs will come down to 8.5%.
Also read: HDFC Bank slashes FD rates again – Check new rates for senior citizens, general customers
Suryoday SFB offers highest FD rates for senior citizens
Currently, Suryoday Small Finance Bank offers interest rates ranging from 4% to 8.6% for general customers and from 4.5% to 9.10% for senior citizens on fixed deposits of less than Rs 3 crore.
Starting from June 1, the bank’s interest rates for general customers will be in the range of 4% to 8.4%. Senior citizens will get 4.4% to 8.5% rates on FDs.
Also read: Canara Bank revises rates on fixed deposits, savings account – Check new rates
Find out how much other small banks are offering to senior citizens on fixed deposits of different tenures.
| Bank Name | Interest Rates (% p.a.) | |||
| Highest slab | 1-year tenure | 3-year tenure | 5-year tenure | |
| AU Small Finance Bank | 8.25 | 7.5 | 8 | 7.75 |
| Capital Small Finance Bank | 8.1 | 8 | 7.65 | 7.6 |
| Equitas Small Finance Bank | 8.55 | 8.4 | 8.25 | 7.75 |
| ESAF Small Finance Bank | 8.25 | 5.5 | 6.75 | 6.5 |
| Fincare Small Finance Bank | 8.25 | 7.5 | 8 | 7.75 |
| Jana Small Finance Bank | 8.55 | 8 | 8.55 | 8.2 |
| North East Small Finance Bank | 9 | 7.5 | 8.75 | 8.5 |
| Shivalik Small Finance Bank | 8.7 | 6.5 | 8 | 7 |
| Suryoday Small Finance Bank | 9.1 | 8.4 | 8.9 | 9.1 |
| Ujjivan Small Finance Bank | 8.55 | 8.4 | 7.7 | 7.7 |
| Unity Small Finance Bank | 9.1 | 7.75 | 8.65 | 8.65 |
| Utkarsh Small Finance Bank | 8.75 | 6.75 | 8.75 | 8.25 |
Note: The above-stated senior citizen FD rates are updated as of 28 May 2025 and are applicable to deposits below Rs. 2 crore. (Source: Paisabazzar)
In the last few weeks, several big banks like SBI, HDFC, ICICI and Canara Bank have also reduced their FD rates.
If you want a stable and reliable source of income for your savings, then do not miss this opportunity. 9.1% interest rate for senior citizens is available for just 2 more days.