Shivalik Small Finance Bank FD Rates

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.25 lakh range from 3.50% p.a. to 6.75% p.a. An additional interest rate of 0.50% p.a. is offered to senior citizens across all tenures.

Features and Benefits of Shivalik Small Finance Bank Fixed Deposit

The fixed deposits offered by Shivalik Small Finance Bank come with the following features and benefits:

  • High interest rates.
  • Flexible tenures ranging from 7 days to 10 years.
  • An additional interest rate of 0.50% p.a. is offered to senior citizens.
  • Loans and overdraft facilities against fixed deposits can be availed.

Shivalik Small Finance Bank FD Interest Rates

The interest rates on fixed deposits below Rs.25 lakh are as follows:

Tenure General Public Interest Rates p.a. Senior Citizens Interest Rates p.a.
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 – 179 days 4.75% 5.25%
180 days – 269 days 5.50% 6.00%
270 days – 364 days 5.50% 6.00%
365 days – 547 days 5.75% 6.25%
548 days – 729 days 6.25% 6.75%
730 days – 998 days 6.25% 6.75%
999 days and above 5.50% 6.00%

Note: The interest rates mentioned in the table above are effective from 01 May 2022.

Shivalik Small Finance Bank Tax Saver Fixed Deposit

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. At present, the interest rate offered to the general public is 6.25% p.a. while senior citizens get an additional 0.50% p.a. interest.

FAQs on Shivalik Small Finance Bank FD Rates

  1. Can I open a fixed deposit with Shivalik Small Finance Bank online?

    Yes. You can open a fixed deposit with Shivalik Small Finance Bank online.

  2. What are the interest rates offered on fixed deposits?

    The interest rates offered on fixed deposits range from 3.00% p.a. to 6.75% p.a.

  3. Do senior citizens get any additional interest rates on fixed deposits?

    Yes. Senior citizens get an additional interest rate of 0.50% p.a. on fixed deposits.

  4. What is the minimum deposit amount for a tax saver fixed deposit?

    The minimum deposit amount for a tax saver fixed deposit is Rs.1,000.

  5. What is the interest rate offered on a tax saver fixed deposit?

    Shivalik Small Finance Bank offers an interest rate of 6.25% p.a. on its tax saver fixed deposit.

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