Suryoday Small Finance Bank: Growth, Financials & Share Price Analysis

About Suryoday Small Finance Bank

Suryoday Small Finance Bank (SSFB) has emerged as one of India’s key players in the small finance banking segment, catering to underserved and unbanked sections of the population. Since its transformation from a microfinance institution into a scheduled commercial bank in 2017, Suryoday has focused on financial inclusion while gradually expanding into retail deposits, loans, and digital banking.

For retail investors and HNIs, analyzing Suryoday Small Finance Bank’s share price, financial performance, FD rates, and growth trajectory is crucial to understanding whether the bank is a good opportunity for both investment and deposits.

This article provides a detailed guide on the bank’s operations, IPO history, financials, shareholding pattern, FD interest rates, and comparison with other small finance banks.

• Incorporated: 2008 (as Suryoday Micro Finance Limited)

• Converted into SFB: January 2017

• Headquarters: Navi Mumbai, Maharashtra

• Listing: BSE & NSE (2021 IPO)

• Key Focus: Inclusive banking with strong microfinance and retail loan book

The bank’s business model is largely driven by lending to low-income households, MSMEs, and affordable housing borrowers while expanding its retail deposit base through attractive FD interest rates and digital-first services.

Suryoday Small Finance Bank Share Price Performance

Suryoday Small Finance Bank got listed in March 2021 with an IPO price of ₹305 per share. However, like most small finance banks, the stock has witnessed volatility due to sector challenges and asset quality pressures post-pandemic.

• IPO Price: ₹305

• Listing Price: ₹292 (discount listing)

• Market Cap: ~₹1,900 crore

While the share price is still below its IPO level, the bank has been focusing on improving profitability, reducing NPAs, and strengthening retail deposits—factors that could improve valuations in the coming years.

FD Interest Rates at Suryoday Small Finance Bank

One of the key attractions for retail customers is the Suryoday Small Finance Bank FD rates. The bank offers competitive fixed deposit interest rates compared to larger commercial banks.

As of August 2025:

• General Citizens: Up to 8.2% p.a.

• Senior Citizens: Up to 8.4% p.a.

• Special Tenure (2–3 years): Highest FD rates offered

This makes it one of the most rewarding options among small finance banks for depositors.

IFSC Code & Digital Banking

Every branch of Suryoday Small Finance Bank is assigned a unique IFSC code for online fund transfers via NEFT, RTGS, and IMPS. For instance:

Example: Suryoday SFB Navi Mumbai Branch – IFSC Code: SURY0000001

The bank has also invested in digital banking solutions, enabling account opening, FD booking, and fund transfers through its mobile app and net banking without paperwork.

Investment Outlook

Positives:

• Highest FD rates among peers

• Improving asset quality post-COVID

• Growing retail deposit base

• Focus on financial inclusion and digital banking

Risks:

• Lower scale compared to leading SFBs

• Volatile share price, still below IPO levels

• Asset quality risks in microfinance-heavy portfolio

For investors, Suryoday Small Finance Bank share remains a higher-risk, higher-reward play compared to larger peers.

Conclusion

Suryoday Small Finance Bank has carved a niche in India’s financial inclusion story, offering high FD interest rates, a growing loan book, and improved profitability. However, for equity investors, its stock remains volatile and lags behind peers in scale and valuations.

For retail and HNI investors looking to diversify, it makes sense to track Suryoday Small Finance Bank’s share price, FD schemes, and financial growth closely before making an investment call.

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