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FD Rates: Shivalik Small Finance Bank (SFB) has increased its interest rates on FDs below Rs 2 crore. Shivalik Small Finance Bank is now offering a maximum interest of 8.00% to common people and 8.50% to senior citizens on FDs.
After increasing the repo rate of RBI, most of the banks have increased the interest on FD. RBI started increasing the interest from May 2022 and last time on 7th December, RBI has increased the repo rate.
FD Rates of Shivalik Small Finance Bank
The bank now offers 3.75% interest on FDs maturing in the next 7 to 14 days. Shivalik Small Finance Bank (SFB) is offering 4.00% interest on FDs maturing in 15 to 29 days. Shivalik Small Finance Bank is paying an interest of 4.50% on FDs of 30 days to 90 days. The bank is offering an interest of 5.00% for FDs of 91 days to 180 days.
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5.75% interest will be given on FDs maturing in less than 6 months to 12 months. FDs maturing in less than 12 months to 18 months will get a return of 7.50%. Shivalik SFB is now offering customers a maximum return of 8.00% on FDs maturing in 18 months to 36 months. Deposits maturing in 36 months and 1 day to 60 months will earn an interest of 7.00%. Shivalik SFB customers will now get a return of 6.75% on deposits maturing in 60 months 1 day to 120 months. The bank’s tax saver FD ie 5 years (60 months) is getting a return of 7.00%.
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