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SVC Bank Fixed Deposit (FD) Highlights |
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| Highest slab rate | 7.10% p.a. (12 months to below 16 months) |
| For 1 year | 7.10% p.a. |
| For 2 years | 6.25% p.a. |
| For 3 years | 6.25% p.a. |
| For 4 years | 6.25% p.a. |
| For 5 years | 6.25% p.a. |
| Tax saving FD | 6.25% p.a. |
Note: Interest rates as of 1st May 2024
SVC Bank Fixed Deposit Interest Rates
SVC Bank FD Interest Rates of Individuals, HUF, Co-op. Societies/ Non Scheduled UCBs/Regd. Trusts/NRO/NRE of deposits less than Rs 2 crore w.e.f. 24th April 2024 (Callable/Premature withdrawal option)
| Tenure | Interest rates (% p.a.) | |
| Regular citizens | Senior citizens | |
| 15 days to 45 days | 5.00 | 5.50 |
| 46 days to 84 days | 5.00 | 5.50 |
| 85 days | 5.00 | 5.50 |
| 86 days to 116 days | 5.50 | 6.00 |
| 117 days | 6.75 | 7.25 |
| 118 days to 179 days | 6.00 | 6.50 |
| 180 days | 6.50 | 7.00 |
| 181 days to 330 days | 6.00 | 6.50 |
| 331 days to 364 days | 6.00 | 6.50 |
| 1 year to below 14 months | 7.10 | 7.60 |
| 14 months to below 16 months | 6.75 | 7.25 |
| 16 months to 2 years | 6.25 | 6.75 |
| Above 24 months to 5 years | 6.25 | 6.75 |
| Above 5 years to 10 years | 6.25 | 7.00 |
Comparison of Top 20 Scheduled Banks based on FD Rates
Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
| Unity Small Finance Bank | 9.00 | 7.85 | 8.15 | 8.15 | 0.50 |
| North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
| Shivalik Small Finance Bank | 8.80 | 6.00 | 7.50 | 6.50 | 0.50 |
| Suryoday Small Finance Bank | 8.60 | 8.25 | 8.25 | 8.60 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
| ESAF Small Finance Bank | 8.38 | 6.00 | 6.75 | 6.25 | 0.50 |
| Jana Small Finance Bank | 8.25 | 8.25 | 8.25 | 8.20 | 0.50 |
| Ujjivan Small Finance Bank | 8.25 | 8.25 | 7.20 | 7.20 | 0.50 |
| Equitas Small Finance Bank | 8.25 | 8.10 | 8.00 | 7.25 | 0.50-0.75 |
| SBM Bank | 8.25 | 7.05 | 7.30 | 7.75 | 0.50 |
| AU Small Finance Bank | 8.10 | 7.25 | 7.50 | 7.25 | 0.50 |
| DCB Bank | 8.05 | 7.10 | 8.05 | 8.05 | 0.50 |
| Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
| RBL Bank | 8.00 | 7.50 | 7.50 | 7.10 | 0.50 |
| Induslnd Bank | 7.99 | 7.75 | 7.25 | 7.25 | 0.50 |
| IDFC First Bank | 7.90 | 6.50 | 6.80 | 6.75 | 0.50 |
| YES Bank | 7.75 | 7.25 | 7.25 | 7.25 | 0.50-0.75 |
| Central Bank of India | 7.50 | 6.85 | 7.00 | 6.75 | 0.50 |
| Punjab & Sind Bank | 7.45 | 6.30 | 6.00 | 6.00 | 6.00 |
| HDFC Bank | 7.40 | 6.60 | 7.00 | 7.00 | 0.50 |
The rates are updated as of 1st May 2024
SVC Bank Tax Exemption Scheme (Tax Saver FD) Rates
| Tenure | Interest Rates (p.a.) |
| 5 years | 6.25% p.a. |
SVC Bank FD Rates of Individuals, HUF, Co-op. Societies/ Non Scheduled UCBs/Regd. Trusts/ NRO/ NRE of deposits Rs 2 crore and above w.e.f. 24th April 2024 (Callable/ Premature withdrawal option)
| Tenure | Interest rates (p.a.) | |
| Regular citizens | Senior citizens | |
| 15 days to 45 days | 5.00 | 5.50 |
| 46 days to 84 days | 5.00 | 5.50 |
| 85 days | 5.00 | 5.50 |
| 86 days to 116 days | 5.50 | 6.00 |
| 117 days | 6.75 | 7.25 |
| 118 days to 179 days | 6.00 | 6.50 |
| 180 days | 6.50 | 7.00 |
| 181 days to 330 days | 6.00 | 6.50 |
| 331 days to 364 days | 6.00 | 6.50 |
| 1 year to below 14 months | 7.10 | 7.60 |
| 14 months to below 16 months | 6.75 | 7.25 |
| 16 months to 2 years | 6.25 | 6.75 |
| Above 24 months to 5 years | 6.25 | 6.75 |
| Above 5 years to 10 years | 6.25 | 7.00 |
SVC Bank FD Rates of Individuals, HUF, Co-op. Societies/ Non Scheduled UCBs/Regd. Trusts/NRO/NRE of deposits of Amounts above Rs 15 lakh & below Rs 2 crore w.e.f. 2nd April 2024 (Non-Callable/Without premature withdrawal option)
| Tenure | Interest rate (% p.a.) | |
| Regular citizens | Senior citizens (residents only) | |
| 1 year 25 days | 7.10 | 7.60 |
| 23 months 19 days | 6.25 | 6.75 |
Types of SVC Bank FD Schemes
Short Term Fixed Deposit
- Minimum deposit amount: Rs 500
- Tenure: Minimum 15 days & maximum 364 days
- Depositors can avail loans for up to 90% of their deposit amount by pledging the deposit receipts, whenever needed.
- This deposit scheme is ideal for depositors who want to generate interest on surplus funds for a short time period.
Long Term Fixed Deposit
- Minimum deposit: Rs 500
- Tenure: Minimum 1 year & maximum 10 years, or any period decided by the SVC Corporate Office from time to time
- Interest due is paid on monthly/ quarterly/ half yearly or yearly basis
- Depositors can avail loans for up to 90% of their deposit amount by pledging the deposit receipts, whenever needed.
- It is a convenient savings option for depositors who want to secure funds for periodic expenses.
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Tax Exempt (Tax Saver FD)
- This fixed deposit scheme comes with tax benefits under Sec. 80C of Income Tax Act.
- Deposit amount: Rs 500 to Rs 1.5 lakh
- Fixed lock-in period of Rs 5 years
Premature withdrawal of Fixed Deposits
- Premature withdrawal is allowed
- Penalty of 1% will be charged on the applicable rate for the period run in case of premature closure of any term deposit with or without re-investment.