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The Small Industries Development Bank of India (SIDBI) has been working to improve and promote the MSME (Micro, Small and Medium Enterprises) sector in the country. Established in 1990, SIDBI offers an array of schemes, one of them being Term/Fixed deposits.
Being ‘AAA’ rated by CARE, term deposits of SIDBI falls in the category of ‘highest safety’. Along with this, SIDBI also offers competitive interest rates. Customers willing to apply for an FD can do so by downloading the form online.
The features of FDs offered by SIDBI are:
Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
---|---|---|
1 year to 13 months |
6.75% |
7.25% |
14 months to 3 years |
6.75% |
7.25% |
37 months to 5 years |
6.50% |
7.00% |
Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
---|---|---|
1 year to 13 months |
7.25% |
7.75% |
14 months to 3 years |
7.25% |
7.75% |
37 months to 5 years |
7.00% |
7.50% |
Tenure bracket | Regular FD rates (per annum) | Senior Citizens FD rates (per annum) |
---|---|---|
1 year to 13 months |
7.50% |
8.00% |
14 months to 3 years |
7.50% |
8.00% |
37 months to 5 years |
7.25% |
7.75% |
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Psst... We'll ensure you're the very first to know the moment rates change.
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