Fixed Deposits (FDs) are one of the safest and most reliable investment options for individuals looking to grow their savings with minimal risk. Recently, Shivalik Small Finance Bank revised its FD interest rates, offering up to 9.30% interest per annum, making it one of the most attractive FD schemes in the country. If you’re considering investing in a high-yield fixed deposit, this guide will help you understand the details, benefits, and how to get started.
Shivalik Small Finance Bank FD Rate 2025
| Feature | Details |
|---|---|
| Highest Interest Rate | Up to 9.30% for senior citizens, 8.80% for general investors |
| Best Tenure | 12 months 1 day to less than 18 months |
| Interest Rate for Regular Investors | 8.55% per annum |
| Interest Rate for Senior Citizens | 9.05% per annum |
| Minimum Deposit | ₹10,000 |
| Maximum Deposit | No upper limit |
| Premature Withdrawal | Available with penalty |
| Tax Benefits | TDS applicable as per IT Act |
| Official Website | Shivalik Bank FD |
Investing in a Shivalik Small Finance Bank FD is an excellent choice for those seeking high returns with security. With interest rates up to 9.30%, flexible tenure, and senior citizen benefits, it is a lucrative option for both short-term and long-term savings. Before investing, assess your financial goals and choose a tenure that maximizes your returns.
Understanding Shivalik Small Finance Bank FD Rates in 2025
Shivalik Small Finance Bank offers a wide range of Fixed Deposit schemes with interest rates tailored to benefit both regular and senior citizen investors. These new rates make it a lucrative option for individuals seeking high returns with stability.
1. Interest Rates Breakdown
Here’s a detailed look at the latest FD interest rates based on tenure and investor type:
| Tenure | General Interest Rate | Senior Citizen Interest Rate |
|---|---|---|
| 7 days – 30 days | 3.50% | 4.00% |
| 31 days – 90 days | 4.00% | 4.50% |
| 91 days – 180 days | 5.00% | 5.50% |
| 181 days – 364 days | 6.50% | 7.00% |
| 12 months 1 day – 18 months | 8.55% | 9.05% |
| 18 months – 24 months | 7.50% | 8.00% |
| 24 months – 36 months | 7.00% | 7.50% |
| 36 months – 60 months | 6.75% | 7.25% |
Best FD Tenure for Maximum Interest: The highest interest rate of 9.05% for senior citizens and 8.55% for general investors is available for FDs with a tenure between 12 months 1 day to less than 18 months.
see also: AU Small Finance Bank Shocks Customers with Fixed Deposit Interest Rate Cut
Benefits of Investing in Shivalik Small Finance Bank FD
High Returns
- Earn up to 9.30% per annum, which is higher than many traditional banks.
Low-Risk Investment
- FDs are among the safest investment options, providing assured returns without market volatility.
Flexible Tenure Options
- Choose from 7 days to 5 years, depending on your financial goals.
Senior Citizen Benefits
- Higher interest rates make it ideal for retirement savings.
Loan Against FD
- Need emergency funds? Get a loan against FD at a lower interest rate.
How to Open a Fixed Deposit in Shivalik Small Finance Bank?
Opening an FD account with Shivalik Small Finance Bank is simple. Follow these steps:
Step 1: Check Eligibility
- Who can apply?
- Individuals
- Senior Citizens
- HUFs (Hindu Undivided Families)
- NRIs (Non-Resident Indians)
- Firms and Trusts
Step 2: Choose Your Investment Amount and Tenure
- Minimum deposit: ₹10,000
- Maximum deposit: No upper limit
Step 3: Submit Required Documents
- PAN Card
- Aadhaar Card
- Address Proof (Utility Bill, Passport, etc.)
- Passport-size Photograph
Step 4: Apply Online or Visit a Branch
- Visit the official website or nearest Shivalik Small Finance Bank branch.
- Fill out the FD application form and submit the necessary documents.
Step 5: Receive FD Certificate
- After successful processing, you’ll receive a Fixed Deposit Certificate as proof of investment.
Tax Implications on Shivalik Small Finance Bank FD
- TDS (Tax Deducted at Source) is applicable if interest earnings exceed ₹40,000 per year (₹50,000 for senior citizens).
- To avoid TDS, submit Form 15G (for regular investors) or Form 15H (for senior citizens).
- FD interest is taxable under Income Tax Act, 1961, as per your tax slab.
see also: A Boon for Married People, Get Rs. 2 Lakh on Opening an Account in Your Wife’s Name
Shivalik Small Finance Bank FD Rate 2025 FAQs
1. Is Shivalik Small Finance Bank FD safe?
Yes, it is regulated by the RBI, ensuring a high level of security and stability.
2. What is the best tenure for maximum FD interest?
The highest interest rate (9.05% for senior citizens, 8.55% for regular investors) is available for 12 months 1 day to less than 18 months.
3. Can I withdraw my FD before maturity?
Yes, but premature withdrawal comes with a penalty.
4. How can I check my FD status?
You can check it online via net banking or by visiting a branch.
5. Is the interest rate fixed throughout the tenure?
Yes, once booked, your FD interest rate remains fixed until maturity.
