Suryoday Small Finance Bank
NBFC
8.50% p.a.
for 15 months
Min ₹1,000
PayoutCumulative / Monthly
₹1L grows to
₹1,11,086
₹1.5L
Max deduction (80C)
₹5L
DICGC insured (banks)
5 Years
Typical lock-in
Potential Tax Benefit
₹ .L
Deduction claimed in the year you invest, within Section 80C limits.
9 FDs
NBFC
8.50% p.a.
for 15 months
₹1L grows to
₹1,11,086
NBFC
8.40% p.a.
for 2 years
₹1L grows to
₹1,18,088
NBFC
7.75% p.a.
for 5 years
₹1L grows to
₹1,46,784
NBFC
7.60% p.a.
for 5 years
₹1L grows to
₹1,45,708
NBFC
7.50% p.a.
for 1 year
₹1L grows to
₹1,07,714
NBFC
7.30% p.a.
for 5 years
₹1L grows to
₹1,43,578
NBFC
7.15% p.a.
for 5 years
₹1L grows to
₹1,42,524
NBFC
6.75% p.a.
for 3 years
₹1L grows to
₹1,22,239
NBFC
6.75% p.a.
for 17 months
₹1L grows to
₹1,09,641
DICGC insured
Bank deposits covered up to ₹5 lakh per depositor.
Book in 5 minutes
100% paperless KYC with PAN & Aadhaar.
No new account
Use your existing bank account to invest.
Zero platform fee
Finzace charges you nothing to book an FD.
Most Indian banks and NBFCs pay senior citizens — investors aged 60 and above — an extra 0.25% to 0.50% per annum over the standard card rate on Fixed Deposits. For retirees living off interest income, that premium is meaningful: on a ₹10,00,000 FD, even 0.50% extra is ₹5,000 more every year, with zero added risk.
If you want regular income rather than a lump sum at the end, choose the monthly or quarterly payout (non-cumulative) option when booking. The interest is credited straight to your bank account on a fixed schedule, which many seniors use to cover household expenses. For wealth growth, the cumulative option compounds your interest instead.
Bank FDs here are insured by the DICGC up to ₹5 lakh per depositor per bank — covering principal plus interest. NBFC deposits are not DICGC-insured and instead carry a credit rating (CRISIL or ICRA), shown on each card. The senior benefit is applied automatically from your KYC age; no separate proof is needed. Final rates are confirmed by the issuer at booking.
Tax-saving FDs · Quarterly compounding
Most partner banks and NBFCs on Finzace offer senior citizens (age 60+) an additional 0.25% to 0.50% p.a. over the standard card rate on the same tenure. Toggle “Senior citizen” above to see rates with the premium applied. The benefit is usually picked up from your KYC date of birth — no extra documents at booking.
Choose monthly or quarterly payout if you need regular cash flow — interest is credited to your linked bank account on a fixed schedule. Choose cumulative if you want interest reinvested till maturity for a higher lump-sum payout. Not every issuer offers non-cumulative options on every tenure; the booking screen shows what is available.
Bank fixed deposits listed here are issued by RBI-regulated entities. Eligible bank deposits are insured by DICGC up to ₹5 lakh per depositor per bank (principal plus accrued interest). NBFC FDs are not DICGC-insured; review the CRISIL or ICRA rating on each card before investing.
Section 80C lets any eligible investor — including senior citizens — claim deduction up to ₹1.5 lakh in a year through qualifying instruments such as tax-saving FDs (typically 5-year lock-in). There is no extra 80C limit only for seniors; the senior advantage on Finzace is the higher interest rate, not an additional deduction bucket.
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More to explore
Earn up to +0.10% p.a. extra interest on eligible FDs — applied automatically at booking.
+0.10%
Extra interest
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20,000+
FDs booked
Up to 8.50% p.a. on instant-bookable FDs — updated daily across banks and NBFCs.
8.50%
Top rate today