FD Rates: Suryoday Small Finance Bank has raised its FD interest rates. Customers can now enjoy a maximum interest rate of 8.10% on a special 30-month FD. For senior citizens,this rate is even higher at 8.25%. These new rates are effective from March 29,2026.
How much interest on which periods?
At this bank,regular customers earn 7.60% interest on 18-month FDs,while senior citizens benefit from 7.75%. For five-year FDs,the returns are 7.90%,with senior citizens receiving up to 8.05%. Short-term FDs also provide interest rates that vary from 4% to 6.5%,depending on the duration.
Is FD investment safe?
Deposits at Suryoday Bank are insured up to Rs 5 lakh under the DICGC scheme. This means that even if the bank encounters difficulties,investors are safeguarded up to a specified limit.
What are the FD rates in other banks?
When it comes to other banks,public sector banks typically offer interest rates around 7%. For instance,Punjab National Bank,Bank of India,and Canara Bank provide returns of about 7.1%,while SBI offers approximately 7.05%. Among private banks,IDFC First Bank has interest rates around 7.9%,Yes Bank offers 7.75%,and DCB Bank provides 7.65%. Major banks like HDFC and ICICI have interest rates ranging from 7% to 7.1%.
Higher returns in small finance banks
Small finance banks tend to offer the most competitive interest rates. ESAF Small Finance Bank provides returns of up to 8.5%,Shivalik Bank offers 8.3%,and Suryoday Bank stands at 8.1%. If you’re thinking about investing in an FD,make sure to compare rates from various banks. In addition to high interest rates,it’s crucial to evaluate the bank’s reliability and security.
Small Savings Schemes 2026
The central government has issued a major update on small savings schemes. The interest rates for several schemes,including the PPF and Sukanya Samriddhi Yojana,remain unchanged. The new rates will be effective April 1,2026. Investors will continue to receive returns similar to the previous quarter,ensuring stability.
Notification issued for the new quarter
The central government has issued an important notification regarding small savings schemes for the first quarter of the financial year 2026-27 (April to June 2026). According to the Finance Ministry,interest rates for any scheme have not been changed during this period. This decision is considered a relief for millions of investors. For the quarterly period from April 1,2026,to June 30,2026,investors will receive the same interest rate as they received in the previous quarter (January-March 2026). This means that the rates on all small savings schemes have been kept constant,resulting in no change in returns.
This decision will impact investors in popular schemes like the Public Provident Fund (PPF),Sukanya Samriddhi Yojana (SSY),Senior Citizens Savings Scheme (SCSS),National Savings Certificate (NSC),Kisan Vikas Patra (KVP),and Post Office Term Deposits. However,as rates remain unchanged,there will be no negative impact on investor returns.
