If you invest in a Standard Chartered Bank fixed deposit, you can get interest rate of up to 7.50% p.a. The tenure range for the FD is between 7 days and 5 years. Standard Chartered Bank FD Interest Rates Range of maturity period: 7 days to 5 years. Time Deposits (Fixed Deposits) Sustainable Time Deposit Time to invest in a sustainable future and earn up to 0.40% p.a. Singapore Dollar Time Deposit Earn up to 0.50% p.a. Interest with minimum S$25,000 placement sum. Standard Chartered Bank Recurring Deposit Calculator In Standard Chartered Bank RD account, a pre-specified amount is deposited at periodic intervals on a regular basis and its term is available from minimum of 6 months to a maximum of 10 years with monthly instalments of 12, 24, 36, 48, 60, 72, 84, 96, 108 and 120 months. I hereby confirm the information provided above is true, accurate and complete. Subject to applicable local laws, I hereby consent for Standard Chartered Bank Malaysia Berhad / Standard Chartered Saadiq Berhad or any of its affiliates (including branches) to share my information with domestic and overseas tax authorities where necessary to establish my tax liability in any jurisdiction. Deposit money into an international savings account that offers a fixed interest rate for a defined period. Higher rates are paid for longer savings periods. Earn competitive rates with a fixed-term savings account Standard.
Fixed deposits are the most reliable, convenient and trusted option for investment. Indian customers prefer fixed deposit as it guarantees assured returns at an attractive rate of interest for a specified fixed period of time. There are many several fixed deposit schemes available in the banking segment. Standard Chartered Bank Fixed deposit is amongst one such offering. However, it also deals with many other facilities such as flexible durations, choices between simple and compound interest, low deposit amounts and even auto-renewal facilities.Fixed deposit continues to be an ideal choice among Indian masses.
Standard Chartered Bank has been in existence in India for over 150 years and in that time it has expanded its branches to over 42 cities through a hundred or more branches. The bank commenced its operations in India in 1858 and has many offerings to its customers such as regular banking service for Indians, special services for NRI’s and even quick and easy solutions for day-to-day banking via online and mobile banking.
Being in this exemplary service has helped the bank to earn accolades like Best Foreign Bank 2012 awarded by Bloomberg Financial Leadership Awards and Financial Advisor of the Year Award 2012 awarded by UTI CNBC.
Features of Standard Chartered Bank Fixed Deposit
Let’s check out what Standard Chartered Bank has stored for its customers in its FD:
Domestic Fixed Deposit Interest Rates Per Annum
Term Deposits (All Maturities) | Amount less than 2 Crore | Amount more than 2 crore to less than 7.50 crore | |
---|---|---|---|
Interest Rate | Senior Citizen Rate (only for resident)** | ||
7-9 days | 4.25% | 4.25% | 3.00% |
10-14 days | 4.25% | 4.25% | 3.00% |
15 -17days | 4.50% | 4.50% | 3.00% |
18-20days | 4.50% | 4.50% | 3.00% |
21-23days | 4.50% | 4.50% | 3.00% |
24-26 days | 4.50% | 4.50% | 3.00% |
27-29days | 4.50% | 4.50% | 3.00% |
30-32 days | 5.00% | 5.00% | 3.00% |
33-35 days | 5.00% | 5.00% | 3.00% |
36-38 days | 5.00% | 5.00% | 3.00% |
39-41 days | 5.00% | 5.00% | 3.00% |
42-44 days | 5.00% | 5.00% | 3.00% |
45 -47 days | 5.50% | 5.50% | 3.00% |
48-50 days | 5.50% | 5.50% | 3.00% |
51-53 days | 5.50% | 5.50% | 3.00% |
54-56 days | 5.50% | 5.50% | 3.00% |
57-59 days | 5.50% | 5.50% | 3.00% |
60-74 days | 5.75% | 5.50% | 3.50% |
75-89 days | 5.50% | 5.50% | 3.50% |
90 -104 days | 6.25% | 6.25% | 4.25% |
105-120 days | 6.25% | 6.25% | 4.25% |
121 -149 days | 6.45% | 6.45% | 4.25% |
150-164 days | 6.45% | 6.45% | 4.75% |
165-180 days | 6.45% | 6.45% | 4.75% |
181-210 days | 6.45% | 6.45% | 4.75% |
211-226 days | 6.45% | 6.45% | 4.75% |
227 - 269 days | 6.45% | 6.45% | 4.75% |
270 days-345 days | 6.45% | 6.45% | 4.50% |
346 days-364 days | 6.45% | 6.45% | 4.50% |
1yr - 375 days | 6.50% | 7.00% | 6.40% |
376 -390 days | 6.45% | 6.95% | 6.35% |
391 - < 18 Months | 6.45% | 6.95% | 6.35% |
18M - 2 Yrs | 6.60% | 7.10% | 6.50% |
2 Yrs- 3 Yrs | 6.60% | 7.10% | 6.50% |
3 Yrs - 4 Yrs | 6.50% | 7.00% | 5.50% |
4 Yrs - 5Yrs | 6.50% | 7.00% | 5.50% |
Note: Premature withdrawal of the Term Deposit shall become liable for a penalty of 1% on the interest rate payable for the tenor the deposit has been held with the bank. In the event of the death of the depositor, premature termination of Term Deposits will be permitted based on the completion of documentary formalities as required. Such premature withdrawal would not levy any penal charges. No interest payment will carry in the case of premature withdrawal of the NRE/FCNR Term Deposit before the completion of the minimum tenor (1 year). In the case of premature withdrawal of NRE term deposits for getting it converted into Resident Foreign Currency (RFC) Account, the bank would not apply any penalty for premature withdrawal.
Eligibility Criteria for Standard Chartered Bank Fixed Deposit Schemes
Following are the list of persons entitled to prefer fixed deposit scheme of Standard Chartered Bank of India:
Standard Chartered Bank Fixed Deposit Schemes
Standard Chartered Bank Fixed Deposit Calculator
Fixed deposits are a great way to invest for those who want safety in their returns. Standard Chartered Bank Fixed Deposit Calculator helps you to find out how much interest can be earned on an FD and the value of your investment(Principal) on Maturity when compounding of interest is calculated on the basis of monthly, quarterly, half-yearly or annually. All you need to enter the details such as principal amount, the rate of interest, time period and frequency(Simple Interest/Compounded Monthly/Compounded Quarterly/Compounded Half Yearly/Compounded Yearly) for getting the calculated amount of your returns generated on FD.
As you know that a Fixed Deposit (FD) is an investment option offered by banks that gives you higher rate of interest than a regular savings account. By investing in an FD, you can achieve your financial goals comfortably due to higher returns offered by it.
Standard Chartered Bank FD provides an option to deposit lump sum amount for a specific period, ranging from 7 days to 10 years. You can choose any of the tenures offered by Standard Chartered Bank FD according to your convenience and financial objective. As soon as you select the tenure and deposit the amount in Standard Chartered Bank_ FD, it will start earning an interest based on the tenure of the deposit. Customer is allowed to deposit lump sum money into a fixed deposit only once into his FD account at the time of opening the account with the bank and afterwards he cannot deposit additional money in the same FD account.
You can also get tax benefits under section 80C of the Income Tax Act on an amount between Rs. 100 to 1.5 lakh by investing in Standard Chartered Bank FD for a tenure of 5 years or more.
Following table provides you Standard Chartered Bank FD Rates of various tenors. Also, given below is the facility/ option, through which you can calculate the interest rate and the maturity value of your Standard Chartered Bank FD for different tenures by clicking on the 'calculate' button provided in the table.
Maturity Period | Interest Rate (p.a.) | Calculate Interest Rate |
---|---|---|
30 Days | 5.00% | |
45 Days | 5.50% | |
60 Days | 5.50% | |
90 Days | 6.00% | |
120 Days | 6.00% | |
6 Months | 6.00% | |
9 Months | 6.10% | |
12 Months | 6.30% | |
2 Years | 6.20% | |
3 Years | 6.00% | |
4 Years | 6.00% | |
5 Years | 6.00% |
Any of the following persons is eligible to invest in fixed deposits (FD):
Interest on FD for different tenures is calculated in following manner:
Standard Chartered Bank FD Interest Calculator is an online financial tool that allows you to calculate the maturity value of your fixed deposit at the interest rate offered by bank. The amount of FD, interest rate, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.
Bank FD matures on specific date. On maturity, if you have not given any specific instructions such as payout or renewal of FD, most of the banks automatically renew the FD for the same period for which it was initially made at the interest rate prevailing on the date of maturity of FD. This is called Automatic Renewal of Bank FD.
You should choose the option on the account opening form, if you do not want the bank to auto renew your FD. You have 2 options on the account opening form while depositing money in FD, first one is auto renew and second one is deposit of amount to your account after maturity. In case you have not mentioned any option on the account opening form then you will need to visit the bank branch on maturity day of your bank FD and opt for credit of the final proceeds of your bank FD into your savings account if you do not want an auto renewal of your FD.
13-01-2020: SBI revised FD interest rate
SBI has announced a cut in retail fixed deposits of FD rates. The latest FD rates on SBI deposits is effective from 10th January 2020. The bank has cut the FD rates by 15 bps on long-term deposits maturing in 1 year to 10 years. Now FD interest rate for 7 to 45 days is 4.50%, for 46 to 179 days is 5.50%, for 180 days to 1 year is 5.80% and for 1 year to 10 years is 6.10%.
09-01-2020: Axis Bank reduced FD interest rate
Axis Bank reduced interest rates by up to 20 bps from January 9. FDs for less than Rs 2 crore and with the tenor of less than 1 year will earn 6.40%, for the tenor of 5 years to up to 10 years, FD rates is 6.50%.
07-01-2020: HDFC Bank deposits up by 25% (YoY) in 2019
The largest private sector lender HDFC Bank's deposits up by 25% (YoY) in 2019. Its deposits are at Rs 10.67 trillion as of December 31, 2019 growing by 25% as compared to Rs 8.52 trillion as of December 31, 2018..
24-12-2019: HDFC Bank revised FD interest rate
The revised rate for FDs maturing in 9 months 1 day to less than 1 year will be 6.05%. Term deposits maturing in 1 year to 2 years will fetch an interest rate of 6.3%, 2-3 years 6.40%, and 3 years to 10 years 6.3%.
01-12-2019: PNB cuts off FD rates
With effect from December 1, 2019, FDs for less than Rs 2 crore and the tenor of 271 days to below 1 year will be 6% for general customers and 6.5% for senior citizens. For the tenor of 5 years to up to 10 years, PNB has FD rates of 6.3% for general customers and 6.8% for senior citizens.
12-11-2019: ICICI Bank reduces FD interest rate
The interest rates on ICICI Bank FD for less than Rs 2 crore and the tenor of 185 days to 289 days will be 5.75%, for 5 years to up to 10 years will be 6.40% and 6.9% for senior citizens. Its interest rates will be effective from December 7, 2019.
Allahabad Bank | Andhra Bank | Bank Of Baroda |
Bank Of India | Bank Of Maharashtra | Canara Bank |
Central Bank Of India | Corporation Bank | Idbi Bank |
Indian Bank | Indian Overseas Bank | Oriental Bank Of Commerce |
Punjab National Bank | Syndicate Bank | Uco Bank |
Union Bank Of India | United Bank Of India | Vijaya Bank |
State Bank Of India | State Bank Of Mysore | State Bank Of Patiala |
State Bank Of Travancore | State Bank Of Bikaner And Jaipur | Punjab And Sind Bank |
Axis Bank | Bandhan Bank Limited | Catholic Syrian Bank Limited |
City Union Bank Limited | Dcb Bank Limited | Dhanalakshmi Bank |
Federal Bank | Hdfc Bank | Icici Bank Limited |
Idfc Bank Limited | Jammu And Kashmir Bank Limited | Indusind Bank |
Karnataka Bank Limited | Karur Vysya Bank | Kotak Mahindra Bank Limited |
Laxmi Vilas Bank | The Nainital Bank Limited | Rbl Bank Limited |
South Indian Bank | Tamilnad Mercantile Bank Limited | Yes Bank |
Equitas Small Finance Bank Limited | Ujjivan Small Finance Bank Limited | Utkarsh Small Finance Bank |
Suryoday Small Finance Bank | Au Small Finance Bank Limited | Capital Small Finance Bank Limited |
Esaf Small Finance Bank Limited | North East Small Finance Bank Limited | Fincare Small Finance Bank Ltd |