FD is a financial instrument that allows you to deposit an amount for a specific period and at a fixed interest rate and receive high returns. Shivalik Small Finance Bank's fixed deposit is a safe investment option that offers assured returns at high interest rates.
You can open a fixed deposit for tenures that range from 7 days to 10 years.
The interest rates on fixed deposits below Rs.2 crore range from 3.50% p.a. to 8.05% p.a. An additional interest rate of 0.50% p.a. is offered to senior citizens across all tenures.
The fixed deposits offered by Shivalik Small Finance Bank come with the following features and benefits:
With Premature-Withdrawal Facility
The interest rates on fixed deposits below Rs.3 crore lakh are as follows:
Tenure | General Public | Senior Citizens |
7 days - 14 days | 3.50% | 4.00% |
15 days - 29 days | 3.75% | 4.25% |
30 days - 90 days | 4.25% | 4.75% |
91 days - 180 days | 4.75% | 5.25% |
6 months - Less than 9 months | 6.00% | 6.50% |
9 months - 12 months | 6.00% | 6.50% |
12 months 1 day - Less than 18 months | 8.05% | 8.55% |
18 months - 24 months | 8.30% | 8.80% |
24 months 1 day - 36 months | 7.50% | 8.00% |
36 months 1 day - 60 months | 6.50% | 7.00% |
60 months 1 day - 120 months | 6.25% | 6.75% |
Tax saver FD 5 Years (60 months) | 6.50% | 7.00% |
Note: The interest rates mentioned in the table above are effective from 24 October 2024.
The interest rates on fixed deposits above Rs.1 crore and below Rs.3 crore are as follows:
Tenure | General Public | Senior Citizens |
7 days to 14 days | 3.65% | 4.15% |
15 days to 29 days | 3.90% | 4.40% |
30 days to 90 days | 4.40% | 4.90% |
91 days to 180 days | 4.90% | 5.40% |
6 months to less than 9 months | 6.15% | 6.65% |
9 months to 12 months | 6.15% | 6.65% |
12 months 1 day to less than 18 months | 8.20% | 8.70% |
18 months to 24 months | 8.45% | 8.95% |
24 months 1 day to 36 months | 7.65% | 8.15% |
36 months 1 day to 60 months | 6.65% | 7.15% |
60 months 1 day to 120 months | 6.40% | 6.90% |
Note: The interest rates mentioned in the table above are effective from 24 October 2024.
The Tax Saver Fixed Deposit offers both tax savings and guaranteed returns. It comes with a lock-in period of five years that ensures you save on tax and earn high returns.
The minimum deposit amount for this type of fixed deposit is Rs.1,000.
Yes. You can open a fixed deposit with Shivalik Small Finance Bank online.
The interest rates offered on fixed deposits range from 3.50% p.a. to 7.00% p.a.
Yes. Senior citizens get an additional interest rate of 0.50% p.a. on fixed deposits.
The minimum deposit amount for a tax saver fixed deposit is Rs.1,000.
Shivalik Small Finance Bank offers an interest rate of 6.25% p.a. on its tax saver fixed deposit.
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