Blostem Partners with Suryoday Small Finance Bank for Digital Fixed Deposits

Blostem and Suryoday SFB Join Hands for Digital FDs

Blostem has partnered with Suryoday Small Finance Bank to offer digital fixed deposits through Blostem's API-first banking infrastructure. The partnership was widely covered across banking and fintech media including IBS Intelligence, Elets BFSI, and MediaBrief.

About the Partnership

The collaboration enables Suryoday Small Finance Bank to distribute its fixed deposit products through Blostem's network of fintech platforms. This means consumers can access Suryoday's competitive FD rates through apps like MobiKwik, Jupiter, and other digital platforms integrated with Blostem.

Key aspects of the partnership:

• Digital-first FD booking with end-to-end online process
• API integration allowing seamless embedding in fintech apps
• Enhanced customer experience through simplified KYC and instant FD creation
• Broader distribution reaching customers beyond traditional banking channels

Why Small Finance Banks Matter

Small Finance Banks like Suryoday often offer the most competitive interest rates in the market, but historically lacked the digital distribution channels to reach a broader audience. Blostem's infrastructure bridges this gap — connecting banks that have great products with platforms that have great distribution.

Expanding the Bank Partner Network

The Suryoday partnership is part of Blostem's strategy to build the most comprehensive bank partner network in India. By adding Small Finance Banks alongside private banks and NBFCs, Blostem ensures that fintech platforms can offer their users the widest possible range of FD options.

Industry Recognition

The partnership's coverage across six major banking and fintech publications reflects growing industry recognition of the infrastructure model for banking product distribution. As more banks partner with Blostem, the platform effect strengthens — creating value for banks, platforms, and end consumers alike.