Is opening a fixed deposit in Shivalik Bank safe?

Shivalik Bank has been recognised as an RBI-scheduled bank and hence is safe and secure. Furthermore, it is also backed by the DICGC (Depositor Insurance and Credit Guarantee Corporation) which makes all the depositors eligible for deposit insurance.

Are there any penalties for premature withdrawal in Shivalik Bank?

Withdrawing money prematurely at Shivalik Bank leads to a 1% penalty on the earned interest. This gets calculated based on the duration when the deposit had been kept with the bank.

Can non-callable FDs be broken before maturity?

Non-callable FDs are generally not allowed to be broken prematurely. With that being said, there are a few circumstances under which they can be withdrawn before maturity but this differs from bank to bank.

Shivalik Bank Non-Callable Fixed Deposit

Shivalik Bank is one of the first small finance banks in India. It has grown in popularity due to its services, ever since it was first established in the year 1998. One such exclusive service that they also offer is Non-Callable Fixed Deposits.

Non-callable fixed deposits are more rewarding as they have a higher rate of interest upon the deposited lump sum amount. Keep reading to know more about how you can opt for Shivalik Bank Non-Callable Fixed Deposit!

Book Shivalik FD and get up to 8.30% returns. Invest now.

What is Shivalik Small Finance Bank Non Callable Fixed Deposit?

The Shivalik Small Finance Bank Non-Callable Fixed Deposit is a specialised FD scheme that offers higher interest rates to depositors who agree to keep their funds locked in for a fixed tenure. Since premature withdrawal is not permitted, the bank provides an interest rate premium compared to regular callable fixed deposits.

Shivalik Small Finance Bank Non Callable FD Interest Rate

Shivalik Small Finance Bank offers competitive interest rates on non-callable fixed deposits, reflecting the longer lock-in and reduced liquidity.

Tenure	General (Approx.)	Senior Citizens (Approx.)
7 days to 14 days	3.55	4.05
15 days to 29 days	3.80	4.30
30 days to 90 days	4.30	4.80
91 days to 180 days	4.80	5.30
6 months to less than 9 months	6.05	6.55
9 months to 12 months	6.05	6.55
12 months 1 day to 16 months	6.80	7.30
16 months 1 day to 17 months	7.10	7.60
17 months 1 day to less than 18 months	6.80	7.30
18 months to 21 months	7.05	7.55
21 months 1 day to 22 months	7.85	8.35
22 months 1 day to 24 months	7.05%	7.55%
24 months 1 day to 36 months	6.80%	7.30%
36 months 1 day to 60 months	6.30%	6.80%
60 months 1 day to 120 months	6.30%	6.80%

Features of Shivalik Small Finance Bank Non Callable FD

Shivalik Small Finance Bank Non-Callable FDs are designed for investors seeking higher returns with assured tenure commitment.

No premature or partial withdrawal allowed before maturity
Higher interest rates than regular callable fixed deposits
Suitable for long-term or surplus funds
Available in cumulative and non-cumulative payout options
Senior citizens receive an additional interest benefit
Generally applicable for higher-value deposits compared to standard FDs

Benefits of Investing in Shivalik Bank Non-Callable Fixed Deposit

The non-callable fixed deposit scheme is more suited towards people who prefer a higher rate of interest returns. Here is a list of features of the Shivalik Small Finance Bank FD scheme:

Flexibility in the total tenure of the scheme
The minimum amount of fixed deposit is above ₹1 crore
Higher rate of interest for senior citizens
Options of regular income via monthly or quarterly payout
Attractive returns with Shivalik Bank Non-Callable Fixed Deposit interest rate applicable at 8.50% per annum

Eligibility Criteria for Non-Callable FDs at Shivalik SF Bank

The following list of entities are eligible to open Shivalik Bank Non-Callable Fixed Deposit:

Resident individual
Non-Resident Indians (NRI)
Resident senior citizens
Minors via parents/guardians
Hindu Undivided Families (HUFs)
Sole proprietorships
Partnership firms
Societies, trusts, clubs and associations

Document Required to Open Shivalik Bank Non-Callable Fixed Deposit

Here is a list of documents required to book Shivalik Bank Non-Callable Fixed Deposit:

Applicant Type	Required Documents
Partnership Firms	– PAN Card – Partnership Deed – KYC Verification Documents – Passport-sized photos of every Partner
Company	– PAN card of the company – Utility Bills/Bank Account Statements – Resolution of the Board to open an FD – Company Incorporation/Registration Certificate – KYC Verification Documents – Passport-sized photographs of all Directors
Proprietorships, Individual Applicants and HUFs	– KYC documents for verification – Declaration Deed – PAN Card – Passport-sized photos of Account Holders
Registered Societies/Trust	– Board Resolution for opening FD – KYC Verification documents – Utility Bills/Bank Account Statement – PAN Card – Certificate of Registration Copy – MoA (Memorandum Of Association)

Why Choose Stable Money to Get Fixed Deposit at Shivalik Bank?

Stable Money provides you the opportunity to book Shivalik Bank Fixed Deposit without even having to open an account at their bank! This makes the process hassle-free and convenient as opening a bank account takes time.

By using our Stable Money application, you can just browse through and select suitable schemes. The Fixed Deposit schemes of various banks offered at our platform are insured up to ₹5 lakh under guidelines of DICGC (Deposit Insurance Credit Guarantee Corporation), which is backed up by the Reserve Bank of India (RBI). Furthermore, we also provide 24x7 support as well.

Frequently Asked Questions