Shivalik Small Finance Bank FD Rates

Below are the Shivalik Small Finance Bank FD rates for various tenures:

Regular and senior citizens can explore highly competitive interest rates, making Shivalik SF Bank an excellent option for mid to long-term investments. Streamline your investment process using the Stable Money mobile app, which provides instant interest rate comparisons and simplifies account opening.

Create an account on Stable Money today to discover favorable FD options with this RBI-approved partner bank and secure your financial future!

Shivalik Small Finance Bank FD Rates

Fixed deposit holders in India widely rely on the products and services offered by Shivalik SF Bank, primarily being impressed by their digital-first approach. If you are interested in opening a fixed deposit online and growing your money without risk, Shivalik Small Finance Bank can be a great choice. Moreover, if you select Stable Money to initiate an FD, it can give you returns of 8.80% per annum (for senior citizens) and 8.30% (for regular depositors). To learn more about Shivalik Small Finance Bank FD rates, continue reading. 

Features of Shivalik Small Finance Bank FD

The most highlighted features of fixed deposits offered by Shivalik Small Finance Bank include:

High Shivalik Bank Interest Rates

Regular FD owners can enjoy interest returns of 8.30% p.a. on opening 2-year fixed deposit schemes. Additionally, senior citizens receive an extra 0.50% interest on all fixed deposit accounts, regardless of the term.

Flexible Tenures for All

Anyone who is interested in opening a fixed deposit account with Shivalik SF Bank can choose a tenure between 6 months and 5 years. Such a wide range of options helps to save according to different financial goals.

Regular Income Option Through Quarterly Compounding

On booking your FD via Stable Money, you can create a regular passive income source as this partner bank gives you quarterly-compounded interest income. 

Additionally, liquidating your funds through premature withdrawal will be very convenient. In case you need to break your FD early, no penalty will be charged on your principal amount. 

Eligibility Criteria for Shivalik SF Bank FD Booking

To open a Shivalik Bank fixed deposit account, you must represent any one of the following entities:

• Resident Indian citizen
• Non-resident Indian (NRI)
• Hindu Undivided Family (HUF)
• Sole Proprietorship 
• Minor(s) via their parents/legal guardians
• Partnership firms
• Trusts, associations, clubs and societies

For related details, you can contact our team without much hesitation. 

Documents Needed to Open Shivalik Small Finance Bank FD

In India, you would require the following set of documents to open a fixed deposit with Shivalik SF Bank:

Types of Shivalik Small Finance Bank FD Schemes

To grow your money through Shivalik Bank FD rates, you may invest in three different fixed deposit accounts. These include:

Regular Fixed Deposit

Regular FDs can be booked for a period of 6 months to 5 years. This account type offers the owners flexible tenures and payout options. In addition, the Shivalik Small Finance Bank FD rates for senior citizens can be 8.80% over a period of 2 years. Such attractive deals make this scheme a top choice for those seeking fixed deposits.

Tax Saver Fixed Deposit 

It is a specialised fixed deposit scheme that enables you to save up to ₹1.5 lakh in a financial year as per Section 80C of the Income Tax Act. 

The best part is Shivalik tax-saver FDs provide a quarterly compounding feature available when a person reinvests their earnings here. However, they feature a 5-year lock-in period. 

Non-Callable Fixed Deposit

Non-callable FDs do not allow premature withdrawals. The scheme tenures range between 7 days and 10 years. 

Premature Withdrawal of Shivalik SF Bank FD

If you book a Shivalik SF Bank fixed deposit through Stable Money and later on, request a premature withdrawal, no penalty will be deducted from the principal investment. However, you can experience a loss of 1% on the original bank interest rate promised while opening the fixed deposit account. It is highly recommended to go through the fixed deposit terms and conditions before finalising a tenure and offer. 

Tax on Shivalik Small Finance Bank FD

You can claim tax exemptions on Shivalik Bank FD interest earnings by investing in tax-saver FDs. However, a maximum deduction of ₹1.5 lakh is possible as per Section 80C of the Income Tax Act, of 1961. Conversely, if you invest in a regular fixed deposit, the bank will deduct 10% TDS whenever the annual FD return exceeds ₹40,000. To stop this, you can submit a 15G or 15H form. 

Why Choose Stable Money to Book Shivalik SF Bank FD?

Stable Money is a unified platform where you can explore the highest-rate FDs provided by leading banks and NBFCs across India. Our website is trusted by over 10 lakh users who consistently track their different investments on our app. When you choose us, we ensure instant processing of your deposited amount. In addition, you can withdraw the matured funds instantly and all our partners are RBI-approved. This speaks highly about our credibility and operations. 

If that sounds convincing, start your investment journey with Stable Money now!