This small finance financial institution revises rates of interest on FD, RD and financial savings accounts
The rates of interest for financial savings accounts, recurring deposits, and glued deposits have all been modified at Shivalik Small Finance Bank. The new charges are in impact as of September 19, 2022, in response to the financial institution’s official web site. After the change, the financial institution is now offering financial savings accounts with a most rate of interest of seven.00% and glued and recurring deposits with rates of interest as much as 7.00%.
Shivalik Small Finance Bank Savings Account Rates
On a financial savings account steadiness of ₹1 lakh to 10 Lacs, the financial institution is now providing an rate of interest of three.50% and on a financial savings account steadiness of Above 10 Lacs to 50 Lacs, the financial institution is now promising an rate of interest of 4.00%. Shivalik Small Finance Bank is now providing an rate of interest of 4.50% on financial savings financial institution deposits of Above 50 Lacs to 1 Crore and the financial institution is now providing an rate of interest of 5.00% on financial savings financial institution deposits of Above 1 Crore to 2 Crore. On financial savings account balances of Above 2 Crore to 7 Crore and above, the financial institution is now providing an rate of interest of seven%.
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Shivalik Small Finance Bank Savings Account Rates (shivalikbank.com) Shivalik Small Finance Bank FD Rates
On fastened deposits of 25 Lacs to beneath Rs.2 Crores maturing in 7 days to 14 days, the financial institution is now providing an rate of interest of three.75% and on deposits maturing in 15 days to 29 days will now provide an rate of interest of 4.00%. Fixed deposits maturing from 30 days to 90 days will now fetch an rate of interest of 4.50% and time period deposits maturing from 91 days to 179 days will now provide an rate of interest of 5.00%. The financial institution is now providing an rate of interest of 5.75% on fastened deposits maturing from 180 days to 364 days and a 6.75% rate of interest on deposits maturing from three hundred and sixty five days to 729 days. Fixed deposits maturing from 730 days to 998 days will now provide an rate of interest of seven.00% and deposits maturing in 999 days and above will now fetch an rate of interest of 5.75%. On tax-saver fastened deposits of 5 years, the financial institution is now providing an rate of interest of 6.25% to most people and 6.75% for senior residents.
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Shivalik Small Finance Bank FD Rates (shivalikbank.com) Shivalik Small Finance Bank RD Rates
On Recurring/Flexi Recurring Deposits of tenure starting from 6 months to 10 years, the financial institution is providing an rate of interest of as much as 7.00% for most people and seven.50% for senior residents. “Flexi Recurring Deposit Accounts are opened for time period expressed in a number of of quarters. Interest for phrases of 6 months and above is compounded quarterly and payable at maturity,” stated Shivalik Small Finance Bank on its web site.
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Shivalik Small Finance Bank RD Rates (shivalikbank.com)
“The incentive for Senior Citizens/ Staff will likely be a further unfold of 0.5% over the above card charges. Card charges as much as 6 months are on easy curiosity foundation. All charges above 6 months shall be quarterly compounded,” said Shivalik Small Finance Bank on its web site.
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