Shivalik Small Finance Bank (SFB) offers a compelling Recurring Deposit (RD) scheme tailored to meet the needs of both general customers and senior citizens. With competitive interest rates and flexible features, this RD scheme is an attractive option for disciplined savers.
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The Shivalik Small Finance Bank offers wide array of products in terms of accounts, loans, cards, and deposits. One of the products offered by this bank is Recurring Deposits (RD).
The RD offered by small finance bank offers a starting interest rate of 3.75%. Read on to know more about the recurring deposit offered by the bank.
Tenure | Interest Rates* (p.a.) for General citizens | Interest Rates* (p.a.) for Senior Citizens |
6 months to less than 9 months | 6.00% | 6.50% |
9 months to less than 12 months | 6.00% | 6.50% |
12 months to less than 18 months | 8.30% | 8.80% |
18 months to less than 24 months | 8.55% | 9.05% |
24 months to less than 3 years | 7.50% | 8.00% |
36 months one day to less than 60 years | 6.50% | 7.00% |
60 months one day to 120 months | 6.25% | 6.75% |
The following are the features and benefits of Shivalik Small Finance Bank RD:
The following documents are required to apply for a recurring deposit:
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.
The minimum deposit amount for recurring deposit is Rs.500.
In fixed deposit, the lump sum amount is invested in one go. However, in recurring deposit, the amount is invested gradually at regular intervals.
Yes, the senior citizens get an additional interest rate benefit of 0.50% on Shivalik Small Finance Bank recurring deposit.
The minimum tenure of Shivalik Small Finance Bank recurring deposit is six months.
The minimum tenure of Shivalik Small Finance Bank recurring deposit is 10 years.
Yes, the Shivalik Small Finance Bank does provide the facility to apply for recurring deposit online through mobile or internet banking.
No, the Shivalik Small Finance Bank does not provide its customers with overdraft facility.
No, nomination facility is not available with the Shivalik Small Finance Bank recurring deposit.
No, the customers do not get a grace period on missing the recurring deposit installment.
Yes, the Shivalik Small Finance Bank provides flexible tenure option for recurring deposits to its customers.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
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