Your smile speaks
“Suryoday SFB's services are very good and that's why all my family members have opened savings account and fixed deposit here. My wife has Espire savings account. I have recommended to my friends too. I am very happy with branch manager and staff members. Basis my banking needs, they also provide me doorstep services.”
Prakash R C
Belgaum, Karnataka
Know More About Tax Saver Fixed Deposit
With Tax Saver Fixed Deposit, enjoy a deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act. Returns are fixed for the term of the Fixed Deposit, and they come with a lock-in period of 5 years. So, smartly grow your money and save on taxes.
More Reasons To Choose Tax Saver Fixed Deposits
Online Booking
Open an FD in a few easy clicks
24X7 Customer Support
Avail banking support from our staff
Flexible Payout Option
Pick Monthly, Quarterly or Cumulative payout
Safe & Secure Transactions
Enjoy fast and convenient banking experience
Eligibility And Documents
Who can apply?
For Regular Tax Saver FD: Resident individuals, Hindu Undivided Family
For Senior Citizen Tax Saver FD: Resident individuals of age 60 & above
What are the documents required?
Maximise Your Returns With The Right Choice
Choose your preferred tenure
General
Sr.Citizen
Interest rate (p.a)
8.25%
Annualised yield
8.51%
Book An FD in 4 steps
Start with your mobile number
Enter KYC details
Complete payment
Receive the FD Advice
Terms and conditions
- The annualized yield is the effective annual rate of return taking into account the effect of compounding interest.
- Interest rates are subject to change from time to time. Applicable interest rates will be given as on the date / time of receipt of the funds by the bank.
- A Valid PAN is mandatory for opening a Tax Saver Fixed Deposit (Tax Saver FD). Effective 1st July’17, Aadhaar card has been made mandatory for regular account opening.
- Only Individuals and HUFs are eligible to open a Tax Saver FD.
- Tax Saver FD can be opened for a minimum of ₹1,000 and (thereafter in multiples of ₹100), up to a maximum of ₹1,50,000.
- Premature withdrawal is not permitted in Tax Saver FD.
- Tax Saver FD cannot be auto renewed.
- Tax saver FD is opened for a fixed tenure of 5 years only.
- Tax saver FD can be of the following Deposit types: Cumulative Deposit, Traditional (Non-Cumulative), Monthly Interest Payout, Quarterly Interest Payout
- For Cumulative FD, interest shall be compounded and credited on maturity to the Principal Amount & for Traditional (Non-Cumulative) FD, interest shall be credited monthly/quarterly to the Savings Account.
- No loans or liens against Tax Saver shall be permitted.
- Additional rate of interest for Senior Citizens shall be issued if option for "Senior Citizen" is selected by the customer and age of customer is 60 years or above, on the date of creating the fixed deposit, as per date of birth recorded with the Bank. If a new customer, then we may have to obtain the age proof also as a part of KYC.
- Tax at Source shall be deducted according to Income Tax Regulations prevalent from time to time.
Need Help?
Get in touch with our Smile Centre
Frequently Asked Questions
What is minimum and maximum booking amount?
What is maximum lock in period?
What are payout options available?
Who can tax benefit in case of joint deposit?
Any other important details?
Is nomination facility available?
Any other important details?
Explore Other Fixed Deposits
Domestic Fixed Deposits
Earn interest of upto
9.10%* p.a.
Flexible tenure
minimum 7 days
Minimum amount
₹1,000
Non Callable Fixed Deposits
Earn interest of upto
8.85%* p.a.
Flexible tenure
minimum 1 year
Minimum amount
above ₹1 Crore
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Banking at Fingertips
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Espire Premium Banking Programme
An exclusive curation of banking and lifestyle privileges to match your class, ambition and aspiration.
“Espire is an excellent banking programme. I have been recommending Espire to my colleagues and friends who are looking for extraordinary banking benefits along with enriched lifestyle experience.”
- D.H. Subramanium, Proud Espire Member from Navi Mumbai
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© 2024 Suryoday Small Finance Bank Limited
Open Savings Account | Book Fixed Deposit (for New Customers) | Book Fixed Deposit (for Existing Customers) | Apply for Home Loan | Apply for Loan Against Property | Apply for Current Account
Please notify any unauthorized transaction on 1800 266 7711 or email at smile@suryodaybank.com immediately. Do not share OTP, PIN or any other sensitive banking details.
*Interest rates are subject to change. T&C Apply. DICGC insurance cover applicable.
