Are you planning to do FD too? Then today’s report is just for you. Shivalik Small Finance Bank has rolled out some significant changes to its Fixed Deposit (FD) interest rates, promising better returns for investors. Now, the bank offers interest rates between 3.50% and 8.80% for regular customers, while senior citizens can enjoy rates from 4% to 9.30%. Notably, the top rate of 9.30% is available for FDs with a tenure of 12 to 18 months, making it quite appealing compared to current market offerings.
Here’s a breakdown of the new interest rates:
Short-term FD Rates
– 7 to 14 days: 4% for regular customers, 3.50% for seniors
– 15 to 29 days: 3.75% for regular customers, 4.25% for seniors
– 30 to 90 days: 4.25% for regular customers, 4.75% for seniors
– 91 to 180 days: 4.75% for regular customers, 5.25% for seniors
Medium-Term FD Rates
– Less than 6 months to 9 months: 6% for regular customers, 6.50% for seniors
– 9 months to 12 months: 6% for regular customers, 6.50% for seniors
– 12 months 1 day to less than 18 months: 8.80% for regular customers, 9.30% for seniors
– 18 months to 24 months: 8.30% for regular customers, 8.80% for seniors
Long-Term FD Rates
– 24 months 1 day to 36 months: 7.50% for regular customers, 8% for seniors
– 36 months 1 day to 60 months: 6.50% for regular customers, 7% for seniors
– 60 months 1 day to 120 months: 6.25% for regular customers, 6.75% for seniors
Additionally, for the Tax Saver FD (5 years/60 months), regular customers will receive 6.50% interest, while senior citizens will get 7.00%.
Top Interest for 12 to 18 Months FD
With the new rates, Shivalik Bank offers the highest interest of 8.80% for regular customers and 9.30% for seniors on FDs lasting from 12 months 1.
Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.