Shivalik SFB RD Rates 2025: Earn More Now

Tenure	Interest Rates* (p.a.) for General citizens	Interest Rates* (p.a.) for Senior Citizens
6 months to less than 8 months	6.00%	6.50%
9 months to less than 12 months	6.00%	6.50%
13 months to less than 17 months	7.25%	7.75%
18 months to less than 24 months	7.60%	8.10%
25 months to less than 3 years	7.50%	8.00%
37 months one day to less than 60 years	6.50%	7.00%
61 months one day to 120 months	6.25%	6.75%

Note: The rates effective from 5 August 2025 and are subject to change at the discretion of the bank. 

Features and Benefits of Shivalik Small Finance Bank Recurring Deposit

The following are the features and benefits of Shivalik Small Finance Bank RD: 

1. There is no upper limit on investment amount 
2. Senior citizens get additional interest rate benefit of 0.50% 

1. The deposit amount can be as small as Rs.500 
2. Flexible tenure options are available for recurring deposit 
3. Tax deductions on recurring deposit are available 
4. The minimum tenure of recurring deposit is 6 months and the maximum tenure is 10 years 
   

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Documents Required to Apply for Shivalik Small Finance Bank Recurring Deposit

The following documents are required to apply for a recurring deposit: 

1. Identity proof - Aadhaar card, PAN card, Passport, etc. 
2. Address proof - Electricity bill, water bill, Aadhaar card, etc. 
3. Passport size photographs 

1. Application form 

How to Apply for a Recurring Deposit with Shivalik Small Finance Bank

You need to visit the nearest Shivalik Small Finance bank’s branch to apply for a recurring deposit. 

You can also reach the bank on toll free number 1800 202 5333. 

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FAQs on Shivalik Small Finance Bank RD Rates

• How much is the minimum deposit amount for recurring deposit?

  The minimum deposit amount for recurring deposit is Rs.500. 

• Is there any difference between fixed deposit and recurring deposit?

  In fixed deposit, the lump sum amount is invested in one go. However, in recurring deposit, the amount is invested gradually at regular intervals. 

• Will senior citizens get any additional rate of interest benefits on Shivalik Small Finance Bank recurring deposit?

  Yes, the senior citizens get an additional interest rate benefit of 0.50% on Shivalik Small Finance Bank recurring deposit. 

• What is the minimum tenure of Shivalik Small Finance Bank recurring deposit?

  The minimum tenure of Shivalik Small Finance Bank recurring deposit is six months. 

• What is the maximum tenure of Shivalik Small Finance Bank recurring deposit?

  The minimum tenure of Shivalik Small Finance Bank recurring deposit is 10 years. 

• Can I apply for Shivalik Small Finance Bank recurring deposit?

  Yes, the Shivalik Small Finance Bank does provide the facility to apply for recurring deposit online through mobile or internet banking. 

• Does Shivalik Small Finance Bank provide overdraft facility?

  No, the Shivalik Small Finance Bank does not provide its customers with overdraft facility. 

• Is nomination facility available with Shivalik Small Finance Bank recurring deposit?

  No, nomination facility is not available with the Shivalik Small Finance Bank recurring deposit. 

• Do the customers get a grace period on missing the recurring deposit installment?

  No, the customers do not get a grace period on missing the recurring deposit installment. 

• Does the Shivalik Small Finance Bank provide flexible tenure option for recurring deposits to its customers?

  Yes, the Shivalik Small Finance Bank provides flexible tenure option for recurring deposits to its customers.