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Pricing Grid : Indicative Rates** as of 1st April 2024

Repo Rate : 6.50%
Loan against Term Deposits (ODFD)
  Maximum Rate
Interest Rates Highest FD rate* + 5.50%*** (spread)
Processing Fee 0
Preclosure Charges 0
APC charges 0
Penal Charges 2% per annum will be charged on excess drawings over the limit sanctioned / made available by the bank from time to time.

 

Loan against Securities (FAS)
  Maximum Rate
Interest Rates External Benchmark** + 5.50%*** (spread)
Processing Fee 0
Preclosure Charges 0
APC charges Upto INR 2000/- plus applicable taxes, at the time of renewing the facility
Penal Charges 2% per annum will be charged on excess drawings over the limit sanctioned / made available by the bank from time to time.
  • The above rates are subject to change from time to time and at the sole discretion of Standard Chartered Bank
  • *** Spread is determined basis the credit grading of the borrower(s), quality of underlying securities, risk profile, account behaviour / conduct, product level allocable costs etc
  • **The interest rate for Finance against Securities (FAS) product is linked to the External Benchmark Rate and the Repo Rate is the benchmark rate for FAS in the Bank.
  • *The interest rate for Finance against Fixed Deposits (ODFD) product is linked to the Fixed Deposit having highest rate of interest across all client’s underlying deposits
  • Client level pricing will not be below the External Benchmark / Deposit Rate.