Suryoday Bank Offers 9.10% Interest on Fixed Deposits for Seniors — Last Day to Invest is May 31

If you're a senior citizen looking to maximize returns on your savings, there's a golden opportunity you shouldn't miss. Suryoday Small Finance Bank is currently offering a massive 9.10% interest rate on 5-year Fixed Deposits (FDs) — but only until May 31, 2025.

This limited-time offer is among the highest interest rates currently available on any FD scheme in India, especially for senior citizens. However, this attractive rate is set to change starting June 1, 2025, when the bank will revise its interest structure and lower the returns across various FD tenures.

What’s on Offer?

Suryoday Small Finance Bank is offering up to 9.10% annual interest for senior citizens who invest in a 5-year FD before May 31, 2025. This rate is higher than what most other banks currently provide and presents an excellent opportunity for those seeking stable, high-yield investment options.

For regular customers, the interest rate for the same 5-year tenure is 8.60%, which is also quite competitive. But if you’re over 60, the extra 0.50% bump makes it even more appealing.

Rates Slashed from June 1: Here’s What Changes

Starting June 1, 2025, interest rates for both general customers and senior citizens will be reduced. For example:

• The 5-year FD rate for senior citizens will drop from 9.10% to 8.00%

• Regular customers will see it fall from 8.60% to 7.50–8.00% depending on tenure

• The highest rate for seniors will be 8.80%, applicable for FDs between 30 to 36 months

• For non-seniors, the highest rate will be 8.40% for the same period

Here’s a snapshot of upcoming rates:

FD Tenure Regular Rate (p.a.) Senior Citizen Rate (p.a.)

7 – 14 days	4.00%	4.50%
15 – 45 days	4.25%	4.75%
46 – 90 days	4.50%	5.00%
91 days – 6 months	5.00%	5.50%
6 months – 9 months	5.50%	6.00%
1 year	7.90%	8.40%
30 – 36 months	8.40%	8.90%
5 years	8.60% (Now) → 8.00%	9.10% (Now) → 8.00%

Source: Suryoday Small Finance Bank

Why Act Now?

If you're planning to lock in your money for a few years, this is a time-sensitive opportunity. Once the calendar turns to June, the returns will be lower, potentially impacting your long-term earnings.

This change comes ahead of the Reserve Bank of India’s (RBI) upcoming monetary policy announcement on June 6, 2025. Market analysts expect that the RBI may reduce the repo rate once again due to falling inflation, which could trigger another round of interest rate cuts across banks.

In fact, several major banks like SBI, HDFC Bank, Canara Bank, and ICICI Bank have already lowered their FD rates over the last 10 days.

Final Call for Senior Investors

For senior citizens looking for safe, high-return investment options, Suryoday Small Finance Bank’s FD scheme could be the best choice — but only if you act before May 31, 2025.

Once the new rates kick in, the earning potential on long-term FDs will drop significantly. By locking in today’s 9.10% rate, you can secure guaranteed returns for five years and make the most of your retirement savings.

Key Takeaways

• 9.10% FD interest for seniors valid only till May 31, 2025

• Post-June 1, highest senior citizen rate will be 8.80%

• FD interest rates are expected to decline further if RBI cuts rates

• Other banks have already reduced FD rates, signaling a wider trend

• Act now to make the most of this short-term, high-return opportunity