Your smile speaks
“As a customer, personalized attention from the staff makes me feel valued. Quick and efficient services ensure that my banking needs are met promptly, without any hassle. I highly recommend Suryoday SFB to anyone seeking a reliable and customer-centric banking experience.”
Dr. S. Jayakumar
Puducherry, Tamil Nadu
Know More About Senior Citizen Recurring Deposit
With Senior Citizen Recurring Deposits, you can earn an attractive, best-in-industry interest rate of up to 9.10%* p.a. for Senior Citizens and conveniently target your financial goals.
More Reasons To Choose our Recurring Deposits
Online Booking
Open an RD in a few easy clicks
24X7 Customer Support
Avail banking support from our staff
As little as
₹100 (Minimum Booking Amount)
Safe & Secure Transactions
Enjoy fast and convenient banking experience
Eligibility and documents
Who can apply?
Resident individuals of age 60 & above with savings account with Suryoday SFB
Maximise Your Returns With The Right Choice
Choose your preferred tenure
General
Sr. Citizen
Interest rate (p.a)
5.00%
Annualised yield
-
Book An RD in 4 steps
Start with your mobile number
Enter KYC details
Complete payment
Receive the RD Advice
Terms and Conditions
- Suryoday SFB will offer recurring deposits account where customer can invest fixed sum of amount per month in his recurring deposit account maintained with the bank.
- The interest will be earned as per the pre-determined rate depending on the amount and tenure.
- The amount of monthly instalments can be deposited by giving Standing Instructions to the bank to transfer (withdraw) a fixed amount on a fixed date of the month from the saving bank of the customer as per his/her mandate and credited to RD account. Cash deposits will also be allowed in RD.
- Recurring Deposit accounts can be maintained for a minimum tenure of 6 months and in multiples of 3 months thereafter subject to a maximum of 10 years. Minimum instalment amount for an RD is Rs 100 (and multiples of Rs 1 thereof).
- In case of premature withdrawal, interest shall be paid for the period the deposit remained with the bank at a rate of interest prevailing on the date of booking of the deposit for such tenor, less the applicable penalty of 1%. (In case of premature withdrawal before 1 month, customer gets only the principal amount.)
- The interest rates for recurring deposits will be the corresponding rate as applicable for a Fixed Deposit.
- Interest on the Deposits is compounded at quarterly intervals, at the applicable rates.
- In the event the customer does not pay a particular instalment on time and the same is paid at some subsequent date, such instalment will carry a penalty of 1% per month of the RD instalment amount for the period of default. System will collect the charges at the time of pre-closure or maturity.
Need Help?
Get in touch with our Smile Centre
Frequently Asked Questions
Can I open a RD account online?
How much tax do senior citizens pay on RD?
What are the benefits of senior citizen in RD?
Explore Other Recurring Deposits
Regular Recurring Deposit
Earn interest of upto
8.60%* p.a.
Ideal for
Young Investors
Flexible tenures
minimum 6 months
Bank with us your way
Banking at Fingertips
Fast, easy & secure banking
Anywhere, anytime banking
Cashless banking
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- D.H. Subramanium, Proud Espire Member from Navi Mumbai
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© 2025 Suryoday Small Finance Bank Limited
Apply for 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.
