Shivalik Small Finance Bank Fixed Deposit

In today's volatile market conditions, fixed deposits remain among the most sought-after investment options. Shivalik Small Finance Bank, with its roots as an Urban Co-operative Bank, offers a range of fixed deposit schemes catering to the diverse needs of its customers.

If you're looking for a reliable financial institution for your savings, this bank deserves a closer look. Here's what you need to know.

1. Fixed Deposit
2. Tax Saver Fixed Deposit Scheme
3. Non-Callable Fixed Deposits

• Period: Ranges from 7 days to 10 years.
• Convenient: Open using online banking effortlessly.
• DICGC insurance: Up to ₹5 lakhs coverage.
• Minimum amount: Can be started with ₹1,000.
• Preference to senior citizens: Extra 0.5% p.a.
• Nomination facility: Available.

Fixed Deposit

• Scheme tenure: 7 days to 10 years
• Quarterly compounding interest with reinvestment FD option
• Monthly/quarterly payout options
• Auto-renewal facility
• Additional 0.5% interest for senior citizens
• Premature withdrawal allowed
• Nomination facility available
• Based on tenor, the interest rate for this scheme ranges from 3.75% to 8% for the general public and 4.25% to 8.5% for senior citizens. 
   

Tax Saver Fixed Deposit Scheme

• Scheme tenure: 5 years
• Quarterly compounding interest with reinvestment FD option
• Monthly/quarterly payout options
• Additional 0.5% interest for senior citizens
• No premature withdrawal, except in the case of depositor’s death
• Nomination facility available
• Based on tenor, the interest rate for this scheme ranges from 3.75% to 8% for the general public and 4.25% to 8.5% for senior citizens.

Non-Callable Fixed Deposits

• Scheme tenure: 7 days to 10 years
• Quarterly compounding interest with reinvestment FD option
• Monthly/quarterly payout options
• Additional 0.5% interest for senior citizens
• No premature withdrawal, except in exceptional circumstances
• Nomination facility available
• Based on tenor, the interest rate for this scheme ranges from 3.75% to 8% for the general public and 4.25% to 8.5% for senior citizens.

• A resident citizen of India
• Non-Resident Indians (NRI)
• Senior citizens in India
• Hindu Undivided Families (HUFs)
• Minors via parents/guardians
• Sole proprietorships
• Partnership firms
• Societies, trusts, clubs, and associations
   

Identity proofs:

• PAN card
• Passport
• Driving license
• Aadhaar card
• Voter ID card

Address proofs:

• Driving license
• Passport
• Aadhaar card
• Utility bill (electricity, telephone, etc.)
• Property or municipal tax receipt

For HUF:

• HUF deed and declaration
• PAN card
• KYC documents
• Passport-size photographs

For Public/Private Limited Companies:

• Company PAN card
• Bank statements or utility bills
• Registration or incorporation certificates
• KYC Documents of authorized signatories
• Board resolution for FD opening
• Passport size photographs

For Partnership Firms:

• PAN card
• Registration Certificate
• Partnership deed
• KYC documents of all the authorized signatories
• Passport-size photographs

For Registered Societies:

• PAN card
• Board resolution for FD account opening
• Bank statements or latest utility bills
• Registration/incorporation certificate
• Articles and Memorandum of Association
• KYC documents of authorized signatories
• Passport-size photographs
   

• Visit the bank's official website, navigate to 'fixed deposit', and click on 'net banking login'. Log in or create a new account if needed.
• You'll be redirected to a page to fill in details such as FD tenure, nominee account, and digital signature.
• Confirm your details and upload the necessary documents.
• Deposit the desired FD amount using net banking.
• You'll receive an acknowledgement receipt. Keep it safe.

• Regular Fixed Deposit Scheme: 1% penalty on the interest for the period the amount remained in the bank or card rate of the original deposit, whichever is lower.
• Tax Saver Fixed Deposit Scheme: No premature withdrawal, except if the depositor dies.
• Non-Callable Fixed Deposits: Allowed only in exceptional circumstances.