Standard Chartered FD Rates
Standard Chartered Banks is one of the biggest international banks in India in terms of the presence and services offered. It provides quick special services and easy solutions for daily banking via online and mobile banking for its customers. Standard Chartered Bank provides attractive interest rates for fixed deposit schemes and flexible investment tenures. It offers short-term or long-term FDs that are suitable for every individual’s requirement. Investing in Standard Chartered FD is profitable and provides good returns for investors.
Features & Benefits Of Standard Chartered FD Rates
Here are the features & benefits of Standard Chartered FD Rates:
- Eligible for Indian residents and NRIs to open FD accounts
- It provides an online banking facility for quick and easy management of FD accounts
- SCB offers a mobile application to keeps in touch with your FD account wherever you are
- Auto-renewal facility
- Overdraft facility
- Choose between simple or compound interest
- Deposits low amounts in starting
- Flexible and convenient investment tenures
- 24 x 7 phone banking helplines
- SCB allows an additional interest for senior citizen
- On the completion of the term, deposits get assured returns
Standard Chartered Banks FD Rates 2021
|
Tenure |
Regular FD rates less than Rs.2 crore (per annum) |
Senior Citizens FD rates less than Rs.1 crore(per annum) |
|
7 days to 14 days |
1.75% | 1.75% |
| 15 days to 29 days | 1.75% |
1.75% |
|
30 days to 59 days |
1.75% | 1.75% |
| 60 days to 89 days | 2.30% |
2.30% |
|
90 days to 120 days |
3.50% | 3.50% |
| 121 days to 180 days | 3.25% |
3.25% |
|
181 days to 269 days |
4.40% | 4.40% |
| 270 days to 345 days | 4.60% |
4.60% |
|
346 days to 364 days |
4.60% | 4.60% |
| 1 year to 375 days | 5.30% |
5.80% |
|
376 days to 390 days |
5.20% | 5.70% |
| 391 days to less than 18 months | 5.20% |
5.70% |
|
18 months to less than 21 months |
5.40% | 5.90% |
| 21 months to less than 2 years | 5.25% |
5.75% |
|
2 years to less than 3 years |
5.40% | 5.90% |
| 3 years to less than 4 years | 5.35% |
5.85% |
|
4 years to less than 5 years |
5.35% |
5.85% |
Types of Standard Chartered Bank FDs
Here are the different types of Standard Chartered Bank FDs:
- Short Term Deposit
- Reinvestment Deposit
- Simple Fixed Deposit
- Monthly Interest Payout
Eligibility Criteria for Standard Chartered Bank Fixed Deposit
Mentioned below are the persons who are eligible to invest in Standard Chartered fixed deposits (FD):
- Individual
- Minor
- HUF
- Proprietary Firm
- Partnership Firm
- Limited Liability Partnership (LLP)
- Company
- Association of Persons (AOP)
- Body of Individuals (BOI)
- Local Authority
- Trust
- Non-Resident Indian (NRI)
- Registered Society
How To Calculate Standard Chartered Bank FD Interest Rates
Using the Standard Chartered FD calculator, customers can calculate the maturity amount of their term deposit earned at the current Standard Chartered FD interest rates. This calculator helps multiple times for different tenure options, deposit amounts in Standard Chartered fixed deposit interest rates. It eliminates manual calculation and gives correct results every time. This tool is easy to use and available online also. This calculator determines the value of an investment at a later date.
Factors Affecting Standard Chartered Bank Fixed Deposit Rates
Here are the factors that affect Standard Chartered Bank FD Rates-
- In mid-term FDs of Standard Chartered Bank, the interest rate is 8.1% per annum for the tenure ranging between 365-390 days, and for the tenure ranging between 390 days and 18 months, it becomes 7.25% per annum.
- Senior citizens normally acquire 0.25% to 0.75% additional interest rates on fixed deposits.
- SCB provides a short-term fixed deposit scheme that is extremely good for those people who are looking for good returns. This short-term investment option is a good choice for every individual who wants to keep their money locked for a short-term interval.
- The lowest interest rate offered by the bank is 4.25% per annum for the holding period of 7-14 days.
- For the holding period of 15-29 days, it is increased by 0.50% to 4.75% per annum. Moreover, the rate of interest is calculated at 5.25% per annum for the tenure of 30-44 days. It provides attractive interest rates as compared to other financial institution’s rates of the same period.
- The highest interest rate offered by the Standard Chartered Bank for 2-5 years of long-term FDs is 7.25% per annum.
FAQs:
What is the minimum amount for premature withdrawal facility in SCB FDs?
In SCB FDs, the minimum amount for the premature facility is Rs 10000.
What is the Standard Chartered Bank highest FD rate?
In Standard Chartered Bank, the maximum interest is 5.40% on fixed deposits.
Do Standard Chartered Bank provide any special rates for senior citizens FD?
Yes, SCB provides higher interest rates for senior citizens on their deposits compared to FD rates. The regular FD rates range between 2.50% to 5.40%. As compared to this, senior citizen's FD rates are in the range of 2.50% to 5.90%.
Can a customer open a Standard Chartered Bank FD account online?
Yes, in Standard Chartered Bank customers can open an FD account online
Does Standard Chartered Bank provide a loan facility against FD accounts ?
Yes, Standard Chartered Bank provides a loan facility against FD
