The Standard Chartered Bank offers Fixed Deposit (FD) scheme with multiple benefits like flexible tenures, interest benefits to senior citizens, loan against fixed deposit, etc.
The loan against FD facility offered by Standard Chartered Bank helps you raise liquid funds without the need to break fixed deposit.
The minimum tenure for Standard Chartered Bank fixed deposit is seven days.
You can take a loan against FD either by opting for a regular loan or choosing the overdraft facility.
In case of an overdraft loan, you can get up to 90% of your fixed deposit.
The senior citizens residing in India can enjoy an additional interest benefit of 0.50%.
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