Slice Small Finance Bank offers fixed deposit rates suitable for both general and senior citizens. The Slice fixed deposit interest rates help you to earn extra income by offering attractive returns on your deposits.

With attractive interest rates up to 3.50% - 7.75%, Slice Bank offers flexible fixed deposit options with tenures starting from 7 days to 10 years. Whether you prefer a short-term or long-term investment strategy, Slice Bank fixed deposits provide a reliable way to grow your savings. 

Continue reading to explore Slice Small Finance Bank fixed deposit interest rates. 

Slice Small Finance Bank Fixed Deposit Rates for General and Senior Citizens

Slice small finance bank offers fixed deposits for both general and senior citizens with competitive interest rates. Interest rates for general citizens ranges from 3.50% to 7.75% and for senior citizens it ranges from 3.75% to 7.75%

Slice Small Finance Bank offers competitive FD rates partnering with Stable Money, making it an excellent choice for regular and senior citizens. Senior depositors gets an extra 0.50% higher interest than those for regular customers.

Benefits of Slice Small Finance Bank Fixed Deposit Rates

Here are some of the benefits of slice small finance bank offers to fixed deposit account holders:

• One can open an FD with a minimum investment of ₹1,000
• Maximum tenure can be up to 4 years 11 months 
• FD seekers get the option of an auto-renewal facility while opening an account
• Slice SF bank offers reinvestment option
• Bank offers part withdrawal facility
• The highest interest rate that this bank provides is 7.75% for both general citizens and senior citizens.
• Slice FD provides the advantage of quarterly compounding, allowing your savings to increase more quickly. 

Eligibility to Avail Slice SF Bank Fixed Deposit Rates

Here is the eligibility criteria to open a fixed deposit with Slice Small Finance Bank:

• Any individual applicant  
• Hindu Undivided Families (HUFs)
• LLPs
• Proprietorship
• Companies
• Non-Resident Indians (NRIs)
• Associations, societies, clubs and trusts
• Minors can also open a fixed deposit under parent or legal guardian.

Documents Required to Avail Slice Small Finance Bank Fixed Deposit Rates

Here are some documents that you need to submit when booking a fixed deposit in slice small finance bank:

• Proof of Identity: PAN Card, Aadhaar Card, Voter ID, Driving license etc.
• Proof of Address: Passport, electricity bill, telephone bill, etc.
• Partnership firms: Submit the partnership deed, ID proofs, signatures of authorised signatories and the incorporation certificate.
• Hindu Undivided Families (HUFs): Submit a self-attested PAN Card, HUF declaration and a bank statement.
• Companies: Submit memorandum of association, ID proof issued by authorised signatories, Certificate of incorporation, etc.
• Recent passport-size photographs

Premature Withdrawal of Slice SF Bank Fixed Deposit

If you have a fixed deposit with the Slice SMF bank and face an emergency, you may need to withdraw it before maturity. In such cases, the bank deducts a penalty from the interest you earn on FD. Premature closure penalty of 1 % on interest apply on slice bank fixed deposit.

Tax on Slice SF Bank Fixed Deposit Interest

Slice small finance Bank FD interest rates are taxable based on your income tax slab. If the annual interest income exceeds ₹50,000 for general citizens, the bank will deduct Tax Deducted at Source (TDS) at a rate of 10%. The TDS exemption limit increases to ₹1,00,000 per year for senior citizens. If you fail to provide your PAN details to the bank, the TDS rate increases to 20%.

Slice SF Bank FD Calculator

You can calculate returns that you will earn from Slice Small Finance Bank fixed deposit easily using the Slice FD calculator below:

Why Should You Book an FD with Stable Money?

Opening a Slice Small Finance Bank FD through Stable Money can be completed in just a few minutes. You can easily open an Slice Bank FD without the need for a savings account. The app asks for minimum personal details and therefore you can invest through your smartphone anywhere and anytime. Your FD investment is secured by the RBI’s subsidiary, DICGC, offering coverage up to ₹5 lakh for added protection.

Download Stable Money App and start booking your high-interest FD with ease!