Bank New FD Interest Rates: The small finance bank has cut the interest rates on FDs. Despite this, it is giving attractive returns on some tenures. 4.25% interest is being given on a tenure of 15 days.
Bank New FD Interest Rates: Shivalik Small Finance Bank has changed the interest rates (Bank FD Rates) of fixed deposits less than Rs 3 crore. The new rates have become effective. Customers can take advantage of this. The bank has cut the interest rate. Now it is offering even lower returns on some selected tenures.
The small finance bank has taken this step after the cut in repo rate by RBI. Currently the rates have come down to 6%. At the same time, Shivalik Small Finance Bank is offering a minimum of 3.50 percent and maximum 8.30% interest to general citizens on tenures ranging from 7 days to 10 years. At the same time, senior citizens are being given 0.50% additional interest on all tenures. According to this, the interest rate for senior citizens is at least 4% and maximum 8.80%.
Attractive returns on 2-year FD
The bank is offering the highest returns on two different tenures ranging from 12 months 1 day to 24 months. On deposits of 18 months to 24 months, it is offering 8.30% interest to general citizens and 8.80% interest to senior citizens. General citizens are getting 7.50% interest on FDs of 24 months 1 day to 36 months. The bank is offering 6% return on 1-year HD. The bank is offering 7.50% interest on 3-year tenure and 6.50% interest on 5-year tax saver FD to general citizens.
Know the interest rates according to the period
- 7 days to 14 days – 3.50%
- 15 to 29 days – 3.75%
- 30 to 90 days – 4.25%
- 91 days to 180 days – 4.75%
- 6 months to less than 9 months – 6%
- 9 months to 12 months – 6%
- 12 months 1 day to less than 18 months – 8.30%
- 18 months to 24 months – 8.30%
- 24 months 1 day to 36 months – 7.50%
- 36 months 1 day to 60 months – 6.50%
- 60 months 1 day to 120 months – 6.25%
- Tax Saver FDU 5 years i.e. 60 months – 6.50%
