Shivalik Bank Fixed Deposit provides a secure investment option with competitive advantages to help your money grow. It is an ideal way to increase your wealth, with options ranging from short to long-term deposits. Additionally, we offer overdraft facilities and loans based on the FD value, with easy repayment options. Furthermore, senior citizens can benefit from higher interest rates on their Fixed Deposits with Shivalik Bank. Maximize your earnings with a Shivalik Small Finance Bank Fixed Deposit Account.
Shivalik Small Finance Bank provides fixed deposit interest rates ranging from 3.50% to 8.55% p.a. for the general public and from 4.00% to 9.05% p.a. for senior citizens. These rates are applicable for deposit periods ranging from 7 days to 10 years.
Table of Contents:
- ⇾ Shivalik Small Finance Bank FD Interest Rates
- ⇾ Shivalik Small Finance Bank FD Calculator
- ⇾ Shivalik Small Finance Bank FD Account Eligibility
- ⇾ Features & Benefits of Shivalik Small Finance Bank Fixed Deposit
- ⇾ Documents Required To Open Shivalik Small Finance Bank FD
- ⇾ Types of Shivalik Small Finance Bank Fixed Deposits
- ⇾ Frequently Asked Questions
Shivalik Small Finance Bank FD Rates
Here is a table summarizing the Shivalik Small Finance Bank FD interest rates.
Callable Fixed Deposits (With Premature-Withdrawal Facility) for deposits below ₹3 crore.
| Deposit Period | General Rate (% p.a.) | Senior Citizen Rate (% p.a.) |
|---|---|---|
| 7 days to 14 days | 3.5 | 4 |
| 15 days to 29 days | 3.75 | 4.25 |
| 30 days to 90 days | 4.25 | 4.75 |
| 91 days to 180 days | 4.75 | 5.25 |
| 6 months to less than 9 months | 6 | 6.5 |
| 9 months to 12 months | 6 | 6.5 |
| 12 months 1 day to less than 18 months | 8.3 | 8.8 |
| 18 months to 24 months | 8.55 | 9.05 |
| 24 months 1 day to 36 months | 7.5 | 8 |
| 36 months 1 day to 60 months | 6.5 | 7 |
| 60 months 1 day to 120 months | 6.25 | 6.75 |
| Tax saver FD 5 Years (60 months) | 6.5 | 7 |
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Note: The interest rates mentioned above are subject to change.Non-Callable Fixed Deposits (Without Premature-Withdrawal Facility)
| Deposit Period | General Rate (% p.a.) | Senior Citizen Rate (% p.a.) |
|---|---|---|
| 7 days to 14 days | 3.65 | 4.15 |
| 15 days to 29 days | 3.9 | 4.4 |
| 30 days to 90 days | 4.4 | 4.9 |
| 91 days to 180 days | 4.9 | 5.4 |
| 6 months to less than 9 months | 6.15 | 6.65 |
| 9 months to 12 months | 6.15 | 6.65 |
| 12 months 1 day to less than 18 months | 8.45 | 8.95 |
| 18 months to 24 months | 8.7 | 9.2 |
| 24 months 1 day to 36 months | 7.65 | 8.15 |
| 36 months 1 day to 60 months | 6.65 | 7.15 |
| 60 months 1 day to 120 months | 6.4 | 6.9 |
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Note: The interest rates mentioned above are subject to change.Are you looking for a personal loan?
Shivalik Small Finance Bank FD Calculator
To get an idea of the potential maturity amount of your fixed deposit, you can use an FD calculator. This tool will allow you to input the deposit amount, tenure, and interest rate, and provide you with the estimated maturity amount. Using the FD calculator can help you make an informed decision before investing.
| Maturity Date | : |
| Invested Amount | : ₹10,000 |
| Interest Amount | : ₹666 |
| Maturity Amount | : ₹10666 |
Check more on FD Interest calculation for different amounts from the links provided below:
Shivalik Small Finance Bank FD Account Eligibility
To open a Shivalik Small Finance Bank FD Account, the following individuals and entities are qualified:
- Resident citizens of India
- Non-resident Indians (NRIs)
- Senior citizens living in India
- Hindu Undivided Families (HUFs)
- Minors under the care of parents or guardians
- Sole proprietorships
- Partnership firms
- Societies, trusts, clubs, and associations
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Features & Benefits of Shivalik Small Finance Bank Fixed Deposit
Investing in FDs can have various financial benefits. Here are the features and benefits of opening an FD account in Shivalik Small Finance Bank:
- Flexible Tenure: This allows you to choose a deposit period that suits your financial needs ranging from 7 days to 120 months (10 years). This flexibility helps you to invest for short-term goals or lock in your money for a longer period to earn higher interest rates.
- Convenient Liquidity via Premature Withdrawal: You can access your funds before the maturity date in case of emergencies. However, a penalty will be charged for early withdrawal, which could reduce the overall interest earned.
- Quarterly Compounding Interest with Reinvestment FD: Compounding interest refers to earning interest on your interest. When you choose a Reinvestment FD, the interest earned is automatically added to the principal amount at the end of each quarter. This increases the base amount for future interest calculations, leading to a higher overall return.
- Regular Income with Monthly/Quarterly Payout Options: You can receive the interest earned on your FD at regular intervals, such as monthly or quarterly. This can be a good option for individuals who rely on a steady stream of income.
- FD Auto-Renewal Option: Your FD automatically renews for a new term at the prevailing interest rate upon maturity. This eliminates the need to manually renew your deposit and ensures uninterrupted interest earnings.
- Higher Interest Rate for Senior Citizens: Many banks offer higher interest rates on FDs for senior citizens. This can be a significant benefit for retirees who rely on their savings for income.
Documents Required to Open Shivalik Small Finance Bank FD
The documents required to open Shivalik Small Finance Bank FD are as follows:
- Proof of Identity: PAN card, Passport, Driving license, Aadhaar card, and Voter ID card.
- Proof of Address: Driving license, Passport, Aadhaar card, Utility bill (electricity, telephone, etc.), Property or municipal tax receipt.
Check the best Fixed Deposit interest rates for different FD tenures from below:
Types of Shivalik Small Finance Bank Fixed Deposits
Shivalik Small Finance FD offers 2 main types of Fixed deposit accounts including:
Regular Fixed Deposits
- Tenure: 7 days to 10 years
- Option for monthly or quarterly interest pay-out
- Option for interest pay-out at maturity
- Loan/overdraft facility available
- An additional 0.50% interest rate for senior citizens.
- Interest calculation is simple for deposits up to 6 months and compounded quarterly for deposits above 6 months
- 1% penalty on premature withdrawal of FD
Tax Saver Fixed Deposit
- Eligible for tax deduction of up to Rs 1.5 lakh under Section 80C
- Minimum deposit amount: Rs 1,000
- Lock-in period: 5 years
- Additional 0.50% interest rate for senior citizen FD depositors
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Check all Bank FD rates from the table below:
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You can also check out other NBFC Fixed Deposit options below:
Check out more on FD interest rates below:
Frequently Asked Questions
Shivalik Small Finance Bank offers FD rates ranging from 3.50% to 9.05% p.a. depending on the deposit period and whether you're a senior citizen (who gets an additional 0.50% interest). You can find the latest rates on their website.
Shivalik Small Finance Bank FD rates can be competitive compared to other banks. Use online comparison tools or research other banks' rates to see how they stack up.
The minimum deposit amount to open an FD account with Shivalik Small Finance Bank is likely to be low (around Rs.1,000).
Yes, FD rates with Shivalik Small Finance Bank vary depending on the deposit period. Generally, longer tenures offer higher interest rates.
Shivalik Small Finance Bank FD rates are fixed for the chosen tenure.
Competitive rates, flexible tenures, potential for auto-renewal and regular payouts, and higher rates for senior citizens.
Yes, Shivalik Small Finance Bank typically offers higher FD interest rates for senior citizens (around 0.5% higher).
A penalty is charged on the interest earned or the card rate of the deposit (whichever is lower). Exceptions for death or court orders may apply.
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