Shivalik Small Finance Bank FD Interest Rates

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Shivalik Small Finance Bank offers FD interest rates of 3.50-8.20% p.a. to the general public and 4.00-8.70% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Shivalik Small Finance Bank Tax Saving FDs is 6.50% p.a. for the general public and 7.00% p.a. for senior citizen depositors for tenures of 5 years. Shivalik Small Finance Bank has been recognised as a scheduled bank by the RBI, which makes its depositors eligible for deposit insurance provided by the Depositor Insurance and Credit Guarantee Corporation (DICGC). The deposit insurance cover from DICGC, an RBI subsidiary, insures cumulative deposits up to Rs 5 lakh made by each depositor, including his fixed deposits, savings, current, and recurring deposits, in each scheduled bank in case of the failure or merger/amalgamation of a scheduled bank.

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Updated: 07-05-2025 06:12:54 AM

Shivalik Small Finance Bank FD Interest Rates (p.a.) Highlights
Highest slab rate	8.20% (12 months 1 day to 24 months)
For 1 year	6.00%
For 2 years	8.20%
For 3 years	7.50%
For 4 years	6.50%
For 5 years	6.50%
Tax-Saving FD	6.50%

The interest rates are updated as of 7 May 2025

Shivalik Small Finance Bank FD Interest Rates

Fixed Deposit Interest Rates on Domestic deposits of less than Rs 2 crore w.e.f. 1 May 2025

Tenure	Interest Rates (% p.a.)
Tenure	Regular Citizens	Senior Citizens
7 days to 14 days	3.50	4.00
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 less than 18 months	8.20	8.70
18 months to 24 months	8.20	8.70
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

Shivalik Small Finance Bank Tax Saver Deposit

Tenure	Interest Rates (% p.a.)
Tenure	Regular Citizens	Senior Citizens
5 years	6.50	7.00

Types of Shivalik Small Finance FD Schemes

Regular Fixed Deposits

Tenure: 7 days to 10 years
Depositors can either opt for a monthly or quarterly interest pay-out option.
Depositors also have the option of receiving interest pay-out at maturity.
Loan/overdraft facility is available.
Senior citizens are offered an additional 0.50% interest rate over regular FD rates.
Interest calculation for deposits up to 6 months is on a simple interest basis.
Interest calculation above 6 months: compounded quarterly.
Premature withdrawal of FD will attract a 1% penalty on the interest for the duration that the deposit has run, or the card rate of the original FD whichever is less.

Tax Saver Fixed Deposit

Deposits under this scheme are eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C in each financial year.
Minimum deposit amount: Rs 1,000
Lock-in period: 5 years
This scheme offers an additional 0.50% interest rate to senior citizen FD depositors.

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