Shivalik Small Finance Bank (SFB) offers the highest interest rate of 8.80% on fixed deposits for general citizens and 9.30% on FDs for senior citizens on tenures of 12 months 1 day to less than 18 months

FD interest rate up to 9.3%: This bank revises interest rates on fixed deposits for these citizens

Shivalik Small Finance Bank (SFB) has revised its interest rates on fixed deposits, according to the bank's website. The bank offers an interest rate between 3.50% and 8.80% on FDs for general citizens and 4% and 9.30% on FDs for senior citizens. The revised FD interest rates are effective from January 22, 2025 onwards.

Which tenure offers the highest interest rates on fixed deposit??

Shivalik Small Finance Bank (SFB) offers the highest interest rate of 8.80% on fixed deposits for general citizens and 9.30% on FDs for senior citizens on tenures of 12 months 1 day to less than 18 months.

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Latest Shivalik SFB FD interest rates

Shivalik Small Finance Bank offers an interest rate of 3.75% on fixed deposits for a tenure of 15 to 29 days, the interest rate is 3.75%. For FD tenure of 30 to 90 days, the small finance bank offers 4.25%, and for 91 to 180 days, it is offering an interest rate of 4.75%.

The bank offers 6.00% interest rate on fixed deposits for 6 months to less than 9 months, while those for 9 to 12 months have an interest rate of 6.00%. For FD tenures of 12 months 1 day to less than 18 months, the interest rate offered is 8.80%. Deposits with a tenure of 18 months to 24 months will earn 8.30% FD interest. For 24 months 1 day to 36 months, the FD interest rate is 7.50%. An FD for a tenure of 36 months 1 day to 60 months earns an interest of 6.50%, while a fixed deposit for a tenure of 60 months 1 day to 120 months offers an interest rate of 6.25%.

The Tax Saver Fixed Deposit for 5 years (60 months) offers an interest rate of 6.50%.

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Latest Shivalik Small Finance Bank FD rates

Period	Rate of Interest (% p.a.)
	Amount less than Rs.3 Crores
	General	Senior citizen
7 days – 14 days	4.00%	3.50%
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	6.00%	6.50%
9 months to 12 months	6.00%	6.50%
12 months 1 day to < 18 months	8.80%	9.30%
18 months to 24 months	8.30%	8.80%
24 months 1 day to 36 months	7.50%	8.00%
36 months 1 day to 60 months	6.50%	7.00%
60 months 1 day to 120 months	6.25%	6.75%
Tax saver FD 5 Years (60 months)	6.50%	7.00%

Premature withdrawal facility

According to the Shivalik Small Finance Bank (SFB) website, “No Interest would be payable if the depositor withdraws the Fixed Deposit amount within 7 days from the date of deposits. 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 and not at contracted rate.”

Shivalik SFB RD interest rate

Period	Rate of Interest (% p.a.)
	General	Senior Citizen
	6.50%	6.00%
9 months to 12 months	6.00%	6.50%
13 months to 17 months	8.80%	9.30%
18 months to 24 months	8.30%	8.80%
25 months to 36 months	7.50%	8.00%
37 months to 60 months	6.50%	7.00%
61 months to 120 months	6.25%	6.75%

Source: Bank website

This story originally appeared on: India Times - Author:Faqs of Insurances