Know More About Regular Recurring Deposit
Take charge of your financial goals with Recurring Deposits. Not only is it a safe, secure investment option, but you can choose any amount starting from ₹100 & thereafter in multiples of ₹1, for a minimum tenure of six months and maximum tenure of ten years.
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 with savings account with Suryoday SFB
Maximise Your Returns With The Right Choice
Choose your preferred tenure
Interest rate (p.a)
General
5.00%
Sr. Citizen
5.15%
Book An RD in 4 steps
Start with your mobile number
Enter your 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).
- Customer at any given point of time can hold maximum of 15 RDs.
- While considering the threshold, any Recurring Deposit closed within last 90 days is also considered for the limit of 15 Recurring Deposit.
- 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
Is there any age restriction on availing RD?
What is the minimum and maximum tenure for RD?
What is the minimum and maximum amount allowed for RD?
Is there contribution Frequency choice in RD?
Can I choose the date of RD instalment?
Is there any Cap on the maximum no of RD a customer can hold?
How can customer pay the RD installment?
How is the interest calculated in a Recurring Deposit?
Is the Rate of Interest fixed for the entire tenure of RD?
Is TDS applicable on RD and is there any provision of submitting 15G/H?
Does the Senior citizen customer get an addition ROI?
Is partial Withdrawal allowed for RD?
Can a customer do a premature withdrawal of the RD?
Can NRI invest in RD?
What will happen if the RD instalments are not paid?
Your smile speaks
"I opened my recurring deposit for higher interest rate in comparison of other Banks. Booking process was very convenient and staff member explained to me very nicely. Minimum booking amount is very less i.e. ₹100 only. I have also opened an RD for my child's education."
Jhuna Jena
Bilaspur, Chhattisgarh
Explore Other Recurring Deposits
Senior Citizen Recurring Deposit
Earn interest of upto
8.25%* p.a.
Ideal for
60 years & above
Flexible tenures
minimum 6 months
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Earn attractive interest rates on FD and enjoy #cashback on credit card spends with FD-Backed Suryoday SFB Secured Credit Card.
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© 2026 Suryoday Small Finance Bank Limited
Apply for Savings / Current Account | Book Fixed Deposit (for New Customers) | Book Fixed Deposit (for Existing Customers) | Apply for Loan | Apply for Vehicle Loan
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.
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