Shivalik Small Finance Bank (SFB) has revised its fixed deposit interest rates, according to the bank’s website. The revised FD interest rates are effective from October 28, 2023. The bank offers an interest rate between 3.75% to 8.65% to general citizens and 4.25% to 9.15% to senior citizens. The highest interest rates of 8.65% and 9.15% (for general and senior citizens, respectively) are offered on the tenure of 19 months 1 day to 20 months.
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Latest Shivalik SFB FD interest rates
For general citizens, the bank offers an interest rate of is 3.75% for a minimum of seven to fourteen days. The rate is 6.50% from six months to less than twelve months, 8.10% from twelve months to nineteen months, and 8.65% from nineteen months to twenty months, which is the highest. Moreover, it is offers 8% for the years 20 to 36 months, 7% for the years 36 months to 60 months, and 6.75% for the years 60 months to 120 months.
The bank also gives 15 basis points (0.15 percent) extra rates on non-callable FDs for all tenures; however, a minimum deposit of Rs 1 crore is required.
| 7 days to 14 days | 3.75% | 4.25% |
| 15 days to 29 days | 4.00% | 4.50% |
| 30 days to 90 days | 4.50% | 5.00% |
| 91 days to 180 days | 5.00% | 5.50% |
| 6 months to less than 9 months | 6.50% | 7.00% |
| 9 months to less than 12 months | 6.50% | 7.00% |
| 12 months to 19 months | 8.10% | 8.60% |
| 19 months 1 day to 20 months | 8.65% | 9.15% |
| 20 months 1 day to 24 months | 8.00% | 8.50% |
| 24 months 1 day to 36 months | 8.00% | 8.50% |
| 36 months 1 day to 60 months | 7.00% | 7.50% |
| 60 months 1 day to 120 months | 6.75% | 7.25% |
| Tax saver FD 5 Years (60 months) | 7.00% | 7.50% |
This bank offers 8.3% FD interest rate for these investors
Recurring and flexi recurring deposit
The bank offers an interest rate between 6.50% to 8.65% for tenure between 6 months to 120 months for general citizens. For senior citizens, the bank offers between 7% to 9.15%.Penalty
Please note that premature payment will attract 1% penalty on the interest earned during the period, for which the deposit has been kept with the bank or card rate of original deposit, whichever is less.
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