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Standard Chartered Bank Fixed Deposit

Standard Chartered Bank FD Scheme

Last Updated 22nd Jan 2021

Standard Chartered Bank fixed deposit is a reliable, secure and beneficial investment option that offers various benefits such as guaranteed returns, Government insurance, loan borrowing facility and flexible fixed deposit tenure.

Interest Rate 2.40% to 5.40%
Minimum Tenure
Maximum Tenure
Deposit Amount
Maximum Deposit
    Earn upto 6.95% on FD APPLY NOW

    Standard Chartered Bank FD

    Standard Chartered Bank is one of the leading fixed deposit providers in the country. The Bank offers FD with flexible tenures ranging between to . Apart from that, Standard Chartered Bank FD offers regular returns on fixed deposit ranging between 2.40% to 5.40%. For senior citizens, the interest rates on fixed deposits range between 2.90% to 5.90%. In addition to that, Standard Chartered Bank fixed deposit plans offer tailor-made fixed deposit products for different kinds of fixed deposit investors.

    Types of Standard Chartered Bank Fixed Deposit Schemes

    Different type of Standard Chartered Bank term deposit products offered to the investors are listed as follows:

    Benefits of Standard Chartered Bank FD

    Standard Chartered Bank fixed deposit is a popular investment option due to a number of benefits it provides to the FD investors. Some of these are listed as follows:

    • Guaranteed returns: The best thing about Standard Chartered Bank FD is that it offers guaranteed and assured returns to the investors. The return offered on fixed deposit is regulated by the Bank on a monthly, or quarterly basis, as per the Bank’s choice. Currently, Standard Chartered Bank offers FD rates up to 5.40%. The interest rates offered on Standard Chartered Bank FD is not only assured but also way higher than a savings account.
    • Insured by the Government: The Deposit Insurance and Credit Guarantee Corporation offers deposit insurance of ₹ 5 Lakh to fixed deposits across all banks. Investing in a FD with a FD provider with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option.Thus, Standard Chartered Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
    • Loan against FD: The investment made in FD scheme is not only a reliable investment option but can also act as an asset. This is because Standard Chartered Bank fixed deposit allows one to borrow a secured loan against Standard Chartered Bank FD. The Bank allows a loan up to 90-95% of the FD amount. The best part about Standard Chartered Bank loan against fixed deposit is that one does not need to break his or her FD to borrow the loan.
    • Flexible tenures: Standard Chartered Bank FD offers the investors the flexibility to choose the investment tenure as per their convenience. Standard Chartered Bank offers fixed deposit for a minimum tenure of up to a maximum tenure of . Standard Chartered Bank offers different interest rates across FD tenures.
    • Flexible investment: Apart from the flexibility of tenure, Standard Chartered Bank fixed deposit offers the flexibility of funds to FD investors as funds can be invested with a minimum amount of . Apart from that, one can invest in the Standard Chartered Bank FD up to a maximum of .

    Premature Withdrawal Terms and Conditions

    Though a fixed deposit with Standard Chartered Bank means depositing funds for a fixed period of time in expectation of a regular return. However, keeping in view the instability in the markets, the Bank allows premature withdrawals of funds from a fixed deposit. This means that investors can withdraw their funds before the date of maturity to fulfil their urgent financial conditions.

    Withdrawing funds prematurely from Standard Chartered Bank will attract an interest rate lowered by below the effective rate on the date of booking the FD. The penalty charged on fixed deposits is valid only on fixed deposits with a tenure greater than seven days. In case of premature withdrawal of Standard Chartered Bank fixed deposits with tenure less than seven days, the bank does not pay any interest.

    Eligibility Criteria for Standard Chartered Bank FD

    Standard Chartered Bank FD facility can be availed by the following type of investors:

    • Indian Citizens
    • Members of HUFs or the Hindu Undivided Family
    • Business firms
    • Local governing bodies
    • Government departments
    • Employees of private limited companies
    • Trust accounts

    Documents for Standard Chartered Bank FD

    Standard Chartered Bank fixed deposit requires one to submit the following documents:

    • Passport size photographs
    • Identity proofs such as Aadhar card, passport, PAN card, and driving license.
    • Address proofs such as passport, ration card, utility bills such as water, gas or electricity bill.
    • Age proof such as birth certificate, matriculation passing certificate, and Voter ID card.
    • Bank account details such as passbook and account number.

    FAQs

    What is the loan against FD repayment tenure?

    Standard Chartered Bank offers the loan against FD facility to the FD investors with a repayment tenure of up to .

    What is the minimum investment for FDs under Standard Chartered Bank?

    Standard Chartered Bank FD can be availed with a minimum deposit of .

    What is the minimum amount for a fixed deposit in Standard Chartered Bank?

    The minimum amount required for a fixed deposit investment in Standard Chartered Bank fixed deposit is .

    What is the current interest rate on FD in Standard Chartered Bank?

    Currently, Standard Chartered Bank offers an interest rate ranging between 2.40% to 5.40% on its fixed deposits.

    What is the penalty for early withdrawal?

    The penalty for early withdrawal ranges between 0.5% to 1% in most cases, based on the loan amount and tenure.

    What is the minimum FD tenure for which a fixed Deposit account can be opened in Standard Chartered Bank?

    Standard Chartered Bank fixed deposit can be opened with a minimum tenure of .


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    Standard Chartered News - Jan 2021
    • 2021-01-18 : Standard Chartered Bank revised its FD rates
      Standard Chartered Bank revised its FD rates with effect from 15 January 2021. The revised rate for a period of 7 to 29 days is 2.50% and the rate 30 days to 89 days is 3%, for 90 to 180 days the rate is 3.50%, for 181 days to 210 days the rate is 4.40% and for 211 to 364 days it is 4.60%. Further, fixed deposit rate for 365 days to less than 17 months 29 days is 5.20%, FD rate for 18 to 21 months is 5.40%, for 1 year to 375 days it is 5.30% and it stands at 5.40% for 2 years to 2 years 364 days. Fixed deposit rate for the tenure of 3 years to 5 years is 5.35%.
    • 2020-10-19 : Revised FD rates for Standard Chartered Bank
      Standard Chartered Bank revised its FD rates with effect from 16 October 2020. The revised rate for a period of 7 to 14 days is 4.25%, for 15 to 29 days the rate is 4.50% and the rate for 30 to 44 days it is 5.00%. The FD rates for 45-89 days is 5.50%, for 90-210 days it is 6%, for 211- 364 days the rate is 6.10% and for one year to 375 days it is 6.30%. Further, fixed deposit rate for 376 days to less than 21 months is 6.20%, for 21 months to less than 4 years is 6.20% and for 4 years to 5 years it is 6%.
    • 2020-04-21 : Standard Chartered Bank revised FD rates
      Standard Chartered Bank revised its fixed deposits rate with effect from 21 April 2020. The revised rate of interest for a period of 7 to 14 days is 4.25%, for 15 to 29 days the rate is 4.50% and the rate for 30 to 44 days it is 5.00%. The FD rates for 45-89 days is 5.50%, for 90-120 days it is 6.25%, for 121- 364 days the rate is 6.45% and for one year to 375 days it is 6.50%. Further, fixed deposit rate for 376 days to less than 18 months is 6.40%, for 18 months to less than 4 years is 6.50% and for 4 years to 5 years it is 6.15%.
    • 2019-09-27 : Revised FD rates by Standard Chartered Bank
      Standard Chartered Bank has revised its interest rates on fixed deposits with effect from September 26, 2019. The revised rate of interest for a period of 7-14 days is 4.25%; for 15-29 days the rate is 4.50%; the rate for 30-44 days is 5.00%; for 45-59 days the rate is 5.50%; the rate for 60-89 days is 5.75%; for 90-120 days it is 6.50%; for 121-180 days the rate is 6.75%; and the rate for 181-210 days the rate is 6.80%. For longer tenure of 211 days to 3 years the rate is 6.90%, and for 3-5 years it is 6.50%.
    • 2019-09-06 : Revised FD rates for Standard Chartered Bank
      Standard Chartered Bank has revised its FD rate for certain tenure. For a tenure of 1 year to 375 days, the revised rate of interest is 7.10 percent which earlier was 7.20 percent. For senior citizens have been revised to 7.60 percent from 7.70 percent.
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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