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Standard Chartered Term Deposit
Standard Chartered Term Deposit
  1. Accounts and Deposits
  2. Term (Fixed) Deposits

Book a Term Deposit at an interest rate of 5.40% p.a for a tenure of 18 months to less than 21 months

Your hard earned money will now bring in assured benefits. Invest in Term Deposits and watch your money grow

Term Deposit Benefits
  • on your investments

  • interest for Senior Citizens Term Deposit

  • through Online Banking

Benefits

Get assured returns

Earn assured returns on term deposits without taking high risks

Open Term Deposits online

Open Term Deposits hassle free through online banking, within a few minutes.

Low investment value

Book a Term Deposit with a minimum amount of INR 10,000

Flexible tenures

Book a Term Deposit with tenure options ranging from 7 days up to 5 years
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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 Term Deposit status on the go with our Standard Chartered Mobile.

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Reach us

You can contact us via 24×7 Phone banking helpline and through our wide network of branches.

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CLICK HERE TO VIEW MORE INTEREST RATES AND INTEREST CALCULATION METHODOLOGY

Eligibility

  • Term Deposit can be opened by Individuals, Proprietors, Partnership and Limited Companies, Societies, Clubs, Associations and HUFs

Documents accepted as ID and Address Proof

  • Passport
  • Driving licence
  • Proof of possession of Aadhaar number
  • Voter’s Identity Card issued by the Election Commission of India
  • Job card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address

At Standard Chartered, we offer Term Deposits which are a safe investment option. With attractive rate of return and flexibility to withdraw funds as and when required.

Click Here to view Standard Chartered Term Deposit Interest rates

You can opt for a tenure from 7 days to 5 years

Existing client can book Term Deposit using Online Banking.

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.

To help you with your financial needs, we do offer Overdraft facility on Term Deposits. Please reach out to our nearest branch for details

Yes. Premature withdrawal of Term Deposit shall be subject to penalty of 1% on the interest rate payable for the tenure the deposit has been held with the bank.

There is no interest payment in case of premature withdrawal of a Deposit before the completion of the minimum tenure of 1 year ( for NRE Deposits) and 7 days (for Resident/NRO Deposits)

  • Interest rates are subject to change from time to time and the interest rate prevailing on the date of booking the Term Deposit will be applicable.
  • Premature withdrawal of the Term Deposit shall be subject to penalty of 1% on the interest rate payable for the tenor the deposit has been held with the bank.
  • If premature penalty rate falls below the applicable interest rate for reduced tenure then penalty rate will also be reduced to the extent of applicable interest rate.
  • 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.
  • There is no interest payment in 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 conversion into Resident Foreign Currency (RFC) Account, the bank would not levy any penalty for premature withdrawal.
  • Term Deposit joint account holders (‘E or S’, ‘F or S’) can give a separate premature withdrawal mandate at the time of deposit opening or anytime during the tenure of the deposit. Incase of non availability of such mandate signatures of all joint holders are mandatory for premature upliftment of the deposit.
  • Bank reserve the right not to allow premature partial break in certain Term Deposits/MIPI booked under preferential rates.
For details, please click here
  • 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 Interest Payout
  • 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 rate
  • 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
  • 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 Term Deposit booking. Please contact nearest branch, call phone banking or use ClickToChat on website 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.
  • 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.