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Suryoday Small Finance Bank News

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HDFC Bank said that the RBI’s approval is valid for a period of one year from the date of RBI’s letter, i.e., till February 4, 2025. 
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Most small finance banks offer higher interest rates. Bank customers can easily switch to small finance banks to earn a better interest rate on their savings.
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Section 80C of the Income Tax Act allows for tax deductions on investments up to Rs 1.5 lakh. Suryoday Small Finance Bank pays up to 6.75 percent interest on tax-saving deposits. Yes Bank is giving up to 6.5 percent return on tax-saving deposits.
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Senior citizens are looking at safer bets to invest their life earnings. A few smaller private banks are offering a 7.50% interest rate on three-year FDs for senior citizens. Yes Bank is offering 7.50% on three-year FDs for senior citizens.






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