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| Tenure | For General Citizen (p.a) | For Senior Citizen (p.a) |
|---|---|---|
| 7-9 days | 2.75 % | 3.25 % |
| 10-14 days | 2.75 % | 3.25 % |
| 15 -17days | 2.75 % | 3.25 % |
| 18-20days | 2.75 % | 3.25 % |
| 21-23days | 2.75 % | 3.25 % |
| 24-26 days | 2.75 % | 3.25 % |
| 27-29days | 2.75 % | 3.25 % |
| 30-32 days | 2.75 % | 3.25 % |
| 33-35 days | 2.75 % | 3.25 % |
| 36-38 days | 2.75 % | 3.25 % |
| 39-41 days | 2.75 % | 3.25 % |
| 42-44 days | 2.75 % | 3.25 % |
| 45 -47 days | 3.25 % | 3.75 % |
| 48-50 days | 3.25 % | 3.75 % |
| 51-53 days | 3.25 % | 3.75 % |
| 54-56 days | 3.25 % | 3.75 % |
| 57-59 days | 3.25 % | 3.75 % |
| 60-74 days | 3.5 % | 4 % |
| 75-89 days | 3.5 % | 4 % |
| 90 -104 days | 5.5 % | 6 % |
| 105-120 days | 5.5 % | 6 % |
| 121 -149 days | 5.5 % | 6 % |
| 150-164 days | 5.5 % | 6 % |
| 165-180 days | 5.5 % | 6 % |
| 181-210 days | 6 % | 6.5 % |
| 211-226 days | 6 % | 6.5 % |
| 227 – 269 days | 6 % | 6.5 % |
| 270 days-345 days | 6 % | 6.5 % |
| 346 days-364 days | 6 % | 6.5 % |
| 1yr – 375days | 7.25 % | 7.75 % |
 376 -390 days* | 7.35 % | 7.85 % |
| 391 days < 18 Months | 7.2 % | 7.7 % |
| 18M < 21M | 7.2 % | 7.7 % |
| 21M < 2 Yrs | 7.2 % | 7.7 % |
| 2 Yrs < 3 Yrs | 7.25 % | 7.75 % |
| 3 Yrs < 4 Yrs | 6.75 % | 7.25 % |
| 4 Yrs < 5Yrs | 6.75 % | 7.25 % |
| 5Yrs | 6.75 % | 7.25 % |
Term Fixed Deposit
Standard Chartered Bank provides a range of fixed deposit options that cater to both short-term and long-term investments. Apart from services like premature withdrawals and loans against FD, the bank offers competitive interest rates on its fixed deposits.
Here are the key features of Standard Chartered Bank's Fixed Deposit scheme:
The following are eligible to invest in Standard Chartered Bank fixed deposits:
The following documents are required to invest in Standard Chartered Bank fixed deposits:
Documents accepted as ID and Address Proof
Fixed deposit accounts can be opened in both online and offline methods:
Online Method:
Step 1: Login to Online Banking
Step 2: Select “Open Term Deposit” from the left hand side menu
Step 3: Follow the online instructions and apply for a term deposit.
Offline Method:
Step 1: Visit the bank branch.
Step 2: Take the FD application form.
Step 3: Fill in the required details and submit the necessary documents.
Step 4: Submit the form to the branch.
Standard Chartered Bank permits the early withdrawal of fixed deposits but imposes a penalty on the interest earned. The penalty charged for premature withdrawal is 1% of the interest income.
As per the Income Tax Act of India of 1961, taxpayers can seek deductions under Section 80C if they invest in FDs.
In a given financial year, a taxpayer can avail tax deduction to a maximum of ₹1.5 lakhs from their gross taxable income, provided the following conditions are fulfilled:
At the time of filing the Income Tax Returns (ITR), the taxpayer can provide supporting documents to avail tax benefits on FDs.
Tax Deducted at Source (TDS)
Standard Chartered Bank fixed deposit interest rates range between 2.75-7.5% per annum.
Depositors can check their deposit status online using the Standard Chartered Mobile application.
Yes. ₹5 lakhs Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance cover is applicable on Standard Chartered bank FD
Once invested, one cannot change the tenure of Standard Chartered Bank FD investment
In the event of the death of the depositor, premature termination of term deposits will be allowed subject to completion of documentary formalities as required. Such premature withdrawal would not attract any penal charges.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.
