Standard Chartered Bank Fixed Deposit Rates 2022

If you invest in a Standard Chartered Bank fixed deposit, you can get interest rate of up to 5.40% p.a. The tenure range for the FD is between 7 days and 5 years. The minimum deposit amount is Rs.10,000 and you can open an FD account online within a few minutes.

Standard Chartered Bank FD Interest Rates

  • Range of maturity period: 7 days to 5 years
  • Highest Standard Chartered Bank FD rate for the general public: 5.40% p.a. for 2 years to less than 3 years.
  • Maximum FD interest rate for senior citizens: 5.90% p.a. for 2 years to less than 3 years.
  • Rates of interest available for the general public: 1.75% p.a. to 5.40% p.a.
  • Range of interest rates for senior citizens: 1.75% p.a. to 5.90% p.a.

Best Standard Chartered Domestic FD Rates: Below Rs.2 Crore

Tenure Regular FD rates (per annum) Less than Rs.2 crore Senior Citizens FD rates (per annum) Less than Rs.1 crore
7 days to 14 days 1.75% 1.75%
15 days to 29 days 1.75% 1.75%
30 days to 59 days 1.75% 1.75%
60 days to 89 days 2.30% 2.30%
90 days to 120 days 3.50% 3.50%
121 days to 180 days 3.25% 3.25%
181 days to 269 days 4.40% 4.40%
270 days to 345 days 4.60% 4.60%
346 days to 364 days 4.60% 4.60%
1 year to 375 days 5.30% 5.80%
376 days to 390 days 5.20% 5.70%
391 days to less than 18 months 5.20% 5.70%
18 months to less than 21 months 5.40% 5.90%
21 months to less than 2 years 5.25% 5.75%
2 years to less than 3 years 5.40% 5.90%
3 years to less than 4 years 5.35% 5.85%
4 years to less than 5 years 5.35% 5.85%

*The Standard Chartered Bank Fixed Deposit rates tend to change at the discretion of the bank. The above-mentioned rates of interest are effective as of 10 June 2021

Standard Chartered Bank Domestic FD Rates: Above Rs.2 crore

Maturity Bracket Above Rs 2 cr to 3 cr Above Rs 3 cr to 4 cr Above Rs 4 cr to 5 cr Above Rs 5 cr to 6 cr Above Rs 6 cr to 7.5 cr
7 days to 14 days 1.50% 1.50% 1.50% 1.25% 1.50%
15 days to 29 days 1.50% 1.50% 1.50% 1.25% 1.50%
30 days to 44 days 2.00% 2.00% 2.00% 1.50% 2.00%
45 days to 59 days 2.75% 2.75% 2.75% 2.50% 2.75%
60 days to 89 days 3.25% 3.25% 3.25% 2.50% 3.25%
90 days to 120 days 3.25% 3.25% 3.25% 2.50% 3.25%
121 days to 180 days 3.40% 3.40% 3.40% 2.50% 3.40%
181 days to 269 days 3.25% 3.25% 3.25% 2.50% 3.25%
270 days to 345 days 3.25% 3.25% 3.25% 2.50% 3.25%
346 days to 364 days 3.25% 3.25% 3.25% 2.50% 3.25%
1 year to 375 days 3.25% 3.25% 3.25% 2.50% 3.25%
376 days to 390 days 3.25% 3.25% 3.25% 2.50% 3.25%
391 days to less than 18 months 3.25% 3.25% 3.25% 2.50% 3.25%
18 months to less than 21 months 3.25% 3.25% 3.25% 2.50% 3.25%
21 months to less than 2 years 3.25% 3.25% 3.25% 2.50% 3.25%
2 years to less than 3 years 3.25% 3.25% 3.25% 2.50% 3.25%
3 years to less than 4 years 3.25% 3.25% 3.25% 2.50% 3.25%
4 years to less than 5 years 3.25% 3.25% 3.25% 2.50% 3.25%

*The Standard Chartered Bank Fixed Deposit rates tend to change at the discretion of the bank. The above-mentioned rates of interest are effective as of 10 June 2021

Standard Chartered Bank NRI Deposits

  • Non-Resident External Deposit (NRE)
  • Non-Resident Ordinary Deposit (NRO)
  • Foreign Currency Non-Resident Deposit (FCNR)

Standard Chartered Bank NRE FD Rates

Tenure Below Rs.2 cr Above Rs. 2 cr to 3 cr Above Rs. 3 cr to 4 cr Above Rs. 4 cr to 5 cr Above Rs. 5 cr to 6 cr Above Rs. 6 cr to 7.5 cr
1 year to 375 days 5.30% 3.25% 3.25% 3.25% 2.50% 3.25%
376 - 390 days 5.20% 3.25% 3.25% 3.25% 2.50% 3.25%
391 days to 18 months 5.20% 3.25% 3.25% 3.25% 2.50% 3.25%
18 months to less than 21 months 5.40% 3.25% 3.25% 3.25% 2.50% 3.25%
21 months to less than 2 years 5.25% 3.25% 3.25% 3.25% 2.50% 3.25%
2 years to less than 3 years 5.40% 3.25% 3.25% 3.25% 2.50% 3.25%
3 years to less than 4 years 5.35% 3.25% 3.25% 3.25% 2.50% 3.25%
4 years to less than 5 years 5.35% 3.25% 3.25% 3.25% 2.50% 3.25%

*The interest rates are subject to change as per the discretion of the bank. The rates mentioned are applicable as of 10 June 2021.

Standard Chartered Bank NRO FD Rates: Below Rs. 2 crore

Tenure Less than Rs.2 crore
General Public Senior Citizens (less than Rs.1 crore)
7 days to 59 days 1.75% 1.75%
60 days to 89 days 2.30% 2.30%
90 days to 120 days 3.50% 3.50%
121 days to 180 days 3.25% 3.25%
181 days to 210 days 4.40% 4.40%
211 days to 364 days 4.60% 4.60%
1 year to 375 days 5.30% 5.80%
376 days to less than 18 months 5.20% 5.70%
18 months to less than 21 months 5.40% 5.90%
21 months to less than 2 years 5.25% 5.75%
2 years to less than 3 years 5.40% 5.90%
3 years to 5 years 5.35% 5.85%

*The interest rates are subject to change as per the discretion of the bank. The rates mentioned are applicable as of 10 June 2021

NRO FD Rates: Above Rs 2 crore

Tenure Rs.2 crore to less than Rs.3 crore Rs.3 crore to less than Rs.4 crore Rs.4 crore to less than Rs.5 crore Rs.5 crore to less than Rs.6 crore Rs.6 crore to less than Rs.7.5 crore
7 days to 20 days 1.50% 1.50% 1.50% 1.25% 1.50%
21 days to 44 days 2.00% 2.00% 2.00% 1.50% 2.00%
45 days to 59 days 2.75% 2.75% 2.75% 2.50% 2.75%
60 days to 149 days 3.25% 3.25% 3.25% 2.50% 3.25%
150 days to 210 days 3.40% 3.40% 3.40% 2.50% 3.40%
211 days to 5 years 3.25% 3.25% 3.25% 2.50% 3.25%

*The interest rates are subject to change as per the discretion of the bank. The rates mentioned are applicable as of 10 June 2021

FCNR Deposit Rates

The rates* applicable to FCNR deposits can be found in the following table:

Maturity Period Rate of Interest
USD GBP EUR CAD AUD JPY
1 year to 375 days 0.10% 0.01% 0.01% 0.01% 0.01% 0.01%
375 days 0.10% 0.01% 0.01% 0.01% 0.01% -
376 days to less than 1.5 years 0.01% 0.01% 0.01% 0.01% 0.01% -
1.5 years to less than 2 years 0.01% 0.01% 0.01% - - -
2 years - 0.01 0.01 - - -
2 years to less than 740 days 0.01% - - - - -
740 days 0.01% - - - - -
741 days to 3 years 0.01% - - - - -
3 years to 39 months 0.01% - - - - -

*The interest rates are subject to change as per the discretion of the bank. The rates mentioned are applicable as of 10 June 2021.

RFC Deposit Rates

The rates* applicable to RFC deposits can be found in the following table:

Currency Interest Rate
AUD 0.95%
USD 0.50%
EUR 0.01%
GBP 0.01%
JPY 0.01%

*The interest rates are subject to change as per the discretion of the bank. The rates mentioned are applicable as of 10 June 2021.

Features & Benefits of Standard Chartered Bank Fixed Deposits

Some of the features and benefits of Standard Chartered Bank Fixed Deposit are:

  • You can open your fixed deposit online by visiting the lender’s official website.
  • You will certainly earn assured returns on investing in Standard Chartered Bank FD.
  • The minimum deposit amount is Rs.10,000.
  • You can choose investment tenure ranging between 7 days and 5 years.
  • On opening an FD account, you can avail the overdraft facility against your deposit if required.
  • You have the option of choosing between simple interest and compound interest. You can also opt for monthly payout to meet your immediate financial requirements.
  • Once your account is matured, it will get automatically renewed for the same tenure.
  • Senior citizens will earn an additional 0.50% interest on their deposits.

Eligibility criteria and Documents Required

Eligibility criteria

A fixed deposit account can be opened by an individual, partnership, proprietors, Hindu Undivided Families (HUFs), limited companies, societies, clubs, and associations.

Documents required

  • Driving licence
  • Passport
  • Aadhaar Card
  • Voter ID card
  • Job card issued by NREGA
  • Letter issued by the National Population Register which mentions your name and address.

You can submit any of these documents as proof of address and identity.

Standard Chartered Bank Loan Against FD

You can avail Loan against Fixed Deposit at low interest rates. No prepayment penalties are levied, and you can avail this facility online. Apart from that, you will also receive a cheque book so that you can manage your account easily.

Nomination Facility on Standard Chartered Bank FD

You can nominate a person who will receive the maturity amount in the event of your date. You will have to provide correct details of your nominee and their relation to you so that the claim process is completed smoothly.

FAQs on Standard Chartered Bank FD Rates

  1. What is the highest fixed deposit interest rate for Standard Chartered Bank?

    The highest deposit interest rate offered is 5.40% p.a. for tenure between 18 months and less than 21 months. This is applicable for deposit accounts less than Rs.2 crore.

  2. What are the current Standard Chartered Bank FD interest rates 2021?

    For deposit accounts less than Rs.2 crore, the current FD interest rates range between 1.75% and 5.40% for tenure between 7 days and 5 years.

  3. Can a customer open an FD account online in Standard Chartered Bank?

    Yes, a customer can open an FD account online in Standard Chartered Bank.

  4. Is a loan facility available against FD account at Standard Chartered Bank?

    Yes, loan against FD facility is available at Standard Chartered Bank.

  5. In how many years FD will double in Standard Chartered Bank?

    The deposit amount and tenure chosen by you will determine the maturity amount you will receive once your account matures.

  6. What is the minimum amount an account holder can keep in Standard Chartered Bank fixed deposit account?

    You will have to make a minimum deposit of Rs.10,000 per month to keep your fixed deposit account operational.

  7. Is premature withdrawal facility available for Standard Chartered Bank fixed deposit?

    Yes, a penalty of 1% on the interest rate payable will be levied on premature withdrawal of term deposit.

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