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Maximise your savings at higher interests with Fixed Deposits.

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Maximise your savings at higher interests with Fixed Deposits.

Helping you grow your money

Wide variety of options to suit your needs, including Short Term Deposit, Reinvestment Deposit, Simple Fixed Deposit and Monthly Income Plan.

Features

Online banking

Manage your account and get a wide range of services from our secure online banking platform.

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Standard Chartered Mobile

View your Fixed Deposit status on the go with our Standard Chartered Mobile.

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Reach us

You can contact us via 24x7 Phone banking helpline and through our wide network of branches.

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Interest Rates

   

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Rupee Time Deposits held in domestic, Non-Resident Ordinary (NRO) Accounts:

Type of Deposit
Time Period
Interest Calculation
Traiditional Term Deposit Tenure below 1 quarter (3 months) Actual number of days considering the year as 365 days. 
Tenure greater than 1 quarter

1) Interest for the quarter is calculated considering each quarter as 90 days and year as 360 days (90 days x 4 quarters).

2) Interest for the last quarter is calculated on the basis of actual number of days considering the year as 365 days.

Reinvestment Term Deposit Completed quarter

Interest for each completed quarter is calculated considering each quarter as 90 days and year as 360 days (90 days x 4 quarters).

Last quarter

Interest for the last quarter is calculated on the basis of actual number of days considering the year as 365 days.

Each quarter

Interest for each quarter is compounded.

This methodology is applicable for all resident and NRO deposits opened after 24 February 2009.

Interest on Term Deposit will be calculated on the basis of Actual number of days considering the year as 365 days.

For Reinvestment Term Deposit, Interest is compounded on a quarterly basis.

This methodology is applicable for all rupee denominated deposits (Resident / NRO / NRE) opened on and after 1st January 2018.

Terms and Conditions

Details

With a wide variety of options to suit different needs, they can be opened by individuals, proprietors, partnership and limited companies, societies, clubs, associations and HUFs.

  • Short Term Deposit
  • Reinvestment Deposit
  • Simple Fixed Deposit and
  • Monthly Income Plan

In case you need to withdraw amounts in excess of what is available in your transaction account, we will break your deposit for the exact amount you require.The rest of the deposit continues earning the original high interest.

  • Tenor ranges from 7 days to 5 years.
  • Minimum amount to open an Online Fixed Deposit is INR 10,000 and the same can be made in multiples of 1
  • Options of simple interest and compound interest
  • Auto renewal facility
  • Overdraft facility available against deposit
  •  No-Premat Deposits greater than INR 7,50,00,000 can be booked.
  • Staff rates not applicable for Online booking. Please contact nearest branch or call phone banking to avail staff interest rate.
  • Joint savings account holders can open Fixed Deposits online.
  • Senior citizens can open Fixed Deposits online.

Applicable for ‘either or survivor’ joint account holders only, subject to FATCA & CRS information being updated on the bank’s system for both the account holders.

Senior citizen rate will not be automatically available in the normal course on roll over if the current deposit is not availing a senior citizen rate. In such instances, the client will need to reach out to the bank and give a change request for rollover deposit (on or before rollover date) to switch the deposit from normal to senior citizen deposit.

In the absence of PAN details, TDS at a higher rate of 20% will be applied on resident Time Deposits with interest income of INR 10,000 or above during the financial year.