What is the highest South Indian Bank FD rate for senior citizens?

The highest South Indian Bank Senior Citizen FD rate is 7.30% p.a. for deposits of 30 Months.

Is South Indian Bank FD Safe for Senior Citizens?

SIB fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from a South Indian Bank FD?

Yes, South Indian Bank Small Finance offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open a South Indian Bank Small Finance Senior Citizen FD?

The minimum amount required to open a South Indian Bank Small Finance Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on South Indian Bank Small Finance Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on SIB Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

South Indian Bank Senior Citizen Fixed Deposit Rates

Name: South Indian Bank Senior Citizen FD Rates
Brand: Interest Rates
Rating: 4.7 (14528 reviews)

South Indian Bank offers attractive FD rates for senior citizens ranging from 3.40% to 7.30% p.a. across tenures of 7 days to 10 years. Continue reading for the latest South Indian Bank Senior Citizen FD rates for senior citizens.

SIB Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.30%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available
Loan Against FD	Up to 90% of the fixed deposit amount.

South Indian Bank Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of SIB Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
7 days to 30 days	3.40%
31 days to 90 days	4.00%
91 days to 99 days	5.00%
100 days to 180 days	5.30%
181 days to 270 days	6.00%
271 days to less than 1 year	6.40%
1 year	6.75%
Above 1 year to 371 days	6.35%
372 days	6.90%
373 days to less than 18 months	6.55%
18 months	7.10%
Above 18 months to less than 30 months	6.35%
30 months	7.30%
Above 30 months to less than 3 years	6.35%
3 years to less than 5 years	6.70%
5 years to less than 66 months	6.20%
66 months (Green deposit)	6.50%
Above 66 months to upto and including 10 years	6.20%
Tax Gain ( 5 Years )	6.20%

ALSO READ: Best Fixed Deposit Interest Rates

Use the South Indian Bank FD Calculator below to estimate the maturity amount and interest earned on your South Indian Bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

Compare South Indian Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than SIB for specific tenures. The table below compares South Indian Bank senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
South Indian Bank	7.30% (30 Months)
Shivalik Small Finance Bank	8.50% (21 to 22 Months)
Ujjivan Small Finance Bank	8.30% (2 Years)
Suryoday Small Finance Bank	8.25% (30 Months)
Jana Small Finance Bank	8.00% (370–380 Days)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (24 to 36 Months)
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
Bank of India	7.45% (3 years)
ICICI Housing Finance	7.35% (48 to 60 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.00% (5 to 10 Years)

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