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SVC Bank FD Interest Rates

Home Fixed Deposit SVC Bank Fixed Deposit Rates

SVC Bank offers FD Rates of 5.00% - 7.10% p.a. to the general public and 5.50% - 7.60% p.a. to senior citizens on tenures ranging from 15 days to 10 years. The interest rate of SVC Bank Tax Saving FD is 6.25% p.a. for tenure of 5 years. The bank also offers fixed deposits to HUF, Co-op. Societies, Non Scheduled UCBs/Regd. Trusts, NRO, NRE.

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  • FD Starts from Rs 2000

  • Card Limit = 90% of FD

*Rates are subject to change as per the bank's discretion.

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Updated: 01-05-2024 12:56:06 PM

SVC Bank Fixed Deposit (FD) Highlights

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

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  • FDs of up to ₹5 lakhs insured by RBI

  • No hassle of opening a saving account

  • No documentation

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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

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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 Bank9.007.858.158.150.50
North East Small Finance Bank9.007.009.006.250.50
Suryoday Small Finance Bank8.656.858.608.250.24-0.50
Shivalik Small Finance Bank8.556.007.506.500.50
Equitas Small Finance Bank8.508.208.007.250.50
Utkarsh Small Finance Bank8.508.008.507.750.60
Jana Small Finance Bank8.258.258.257.250.50
Ujjivan Small Finance Bank8.258.257.207.200.50
ESAF Small Finance Bank8.256.006.756.250.50
SBM Bank8.257.057.307.750.50
RBL Bank8.107.507.507.100.50
DCB Bank8.057.107.557.400.50
Bandhan Bank8.058.057.255.850.50-0.75
AU Small Finance Bank8.007.257.507.250.50
YES Bank8.007.257.257.250.50-0.75
Induslnd Bank7.997.757.257.250.50
IDFC First Bank7.756.507.006.750.50
Central Bank of India7.457.006.005.750.50
HDFC Bank7.406.607.007.000.50
Union Bank of India7.406.806.706.500.50

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.
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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
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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.
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