SIDBI Fixed Deposit (FD) Rates

The Small Industries Development Bank of India (SIDBI) was established in 1990 and has been working towards promoting the Micro, Small and Medium Enterprise (MSME) sector in the country. SIDBI term deposit schemes have been rated ‘AAA(FD)’ by CARE, which makes their FDs fall in the ‘highest safety’ category. SIDBI FD interest rates are competitive. Those applying for SIDBI fixed deposits can do by downloading the online FD application form.

Given below are the latest fixed deposit interest rates offered by SIDBI for regular and senior citizens with effect from 2018:

SIDBI FD Rates: Less than Rs.1 Crore

SIDBI Fixed Deposit (FD) Rates: More than Rs.1 Crore

SIDBI Short and Medium-Term FD Rates

• On the whole, SIDBI pays more than 6.00% p.a. on all of its fixed deposits schemes across tenure ranges.
• For deposits that are of less than Rs.1 crore, the interest rate that is paid for 12 months to 36 months is 6.75% p.a.
• For deposits that are of less than Rs.1 crore, the rate paid for 37 months to 60 months is 6.50% p.a.
• For deposits that are above Rs.1 crore, the rate paid for 13 months to 36 months is 7.25% p.a., which is the highest FD rate paid by SIDBI.
• For deposits that are above Rs.1 crore, an interest rate of 7.00% p.a. is paid for 37 months to 60 months.

SIDBI Senior Citizen FD Rates

• SIDBI will pay all those who are aged 60 and above, an additional interest rate of 0.50% p.a.
• The rates paid range from a minimum of 7.00% p.a. to 7.75% p.a.
• The bank pays 7.25% p.a. for an investment duration that is from 12 months to 36 months for deposits that are less than Rs.1 crore.
• The highest interest rate paid is 7.75% p.a. for deposits above Rs.1 crore for the same duration as mentioned above.