Highlights for Sutex Bank Fixed Deposit – 2025
| Highest slab rate | 8.00% p.a. (for 651 days) |
| For 1 year | 5.00% p.a. |
| For 2 years | 6.00% p.a. |
| For 3 years | 6.25% p.a. |
| For 4 years | 6.50% p.a. |
| For 5 years | 6.50% p.a. |
The interest rates are updated as of 25 November 2024
Sutex Bank FD Interest Rates
Sutex Bank FD Rates w.e.f. 24 May 2024
| Tenure | Interest Rates (% p.a.) | |
| Non Senior Citizens | Senior Citizens | |
| 15 days to 180 days | 4.50 | 4.50 |
| 181 days to 1 year | 5.00 | 5.00 |
| Above 1 year to 2 years | 6.00 | 6.50 |
| Above 2 year to 3 years | 6.25 | 6.75 |
| Above 3 year to 5 years | 6.50 | 7.00 |
| Above 5 year to 10 years | 6.00 | 6.50 |
| 430 days (cumulative and non-cumulative) | 7.00 | |
| 651 days (cumulative and non-cumulative) | 8.00 | |
| 1100 days (non-cumulative) | 7.75 | |
Note: The bank offers additional 0.10% p.a. interest rates on deposits of Rs 15 lakhs to less than Rs 50 lakhs and 0.25% p.a. additional interest rates on deposits of Rs 50 lakhs and above
Types of Sutex Bank FD Schemes
Monthly Income Scheme (MIP – Discounted Rate)
- In this scheme, the interest is paid on monthly basis at a discounted rate
- Monthly income scheme is ideal for pensioner, retired individuals, senior citizens who requires fixed monthly income to meet daily expenses
Also Check: Monthly FD Interest Calculator
Fixed Deposit Reinvestment/Double Schemes
- In this scheme, the interest component is re-invested to the deposit amount and thereby, helps in deriving the power of compounding
- The interest is compounded on a quarterly basis
Also Check: FD Interest Rates 2023
Short Term Auto Renewal Schemes
- This scheme is for short duration i.e. 45 days
- Auto renewal facility is available