South India Bank FD Rates Online | South Indian Bank FD Interest Rates | Check Out Revised Fixed Deposit Interest Rate
There are a lot of fixed deposit schemes available by the South Indian bank for all of the people who want to have a nice retirement without having to worry about their expenses and the source of their income. You can start applying for the fixed deposit exchange after you have attained the perfect age in order to have a safe investment option. You can check out the details related to the South Indian Bank FD Rates 2022 given below and we will also share with you all the step-by-step procedures to Check Out the Revised Fixed Deposit Interest Rate.
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South Indian Bank FD Rates 2022
Fixed deposits are a great way through which you will be able to earn some type of money in your retirement and you will be able to take into consideration various fixed deposit schemes available by the South Indian Bank. The candidates can start applying for the fixed deposit schemes available by the South Indian Bank by first visiting the official website and choosing the type of scheme that they want to invest in. There are a lot of different types of schemes available by the South Indian bank and you will be able to apply for these schemes as per your choice and as per the retirement benefit that you want to get.
South Indian Bank Account Opening Form
Types Of Fixed Deposit Schemes
There are a lot of different types of fixed deposit schemes available by South Indian banks and given below we are sharing the specifications:-
- Regular fixed deposit schemes are for short and long-term investment and the tenure of this scheme ranges from 15 days to 10 years. A simple interest rate will be paid quarterly and there is an auto-renewal facility available.
- South Indian Bank also provides a tax gain scheme in which the minimum deposit amount is Rupees 100 and the maximum reported amount is Rupees 1.5 lakh. The tenure of this scheme is 5 years and premature withdrawal is not allowed.
- Kalpaka Nidhi Term Deposit scheme has a tenure of 6 months to 10 years and the interest is compounded quarterly.
- South Indian Bank provides Flexi smart deposit scheme which is linked to your current deposit smart account. The minimum deposit amount is Rupees 50000 and the maximum is 1 crore with a quarterly payout option.
Revised Fixed Deposit Interest Rate
You can check out the details of the fixed deposit interest rate available by the South Indian Bank from the table given below:-
| Tenure | Regular Interest Rate (p.a.) | Senior Citizen Interest Rate (p.a.) |
| 7 days to 45 days | 3.50% | 4.00% |
| 46 days to 90 days | 3.75% | 4.25% |
| 91 days to 180 days | 3.80% | 4.30% |
| 181 days to 270 days | 4.10% | 4.60% |
| 271 days to less than 1 year | 4.50% | 5.00% |
| 1 year to less than 3 years | 5.40% | 5.90% |
| 3 years to less than 5 years | 5.50% | 6.00% |
| 5 years | 5.65% | 6.15% |
| Above 5 years to up to and including 10 years | 5.50% | 6.00% |
South Indian Bank Tax Saver FD Rates
If you are planning to invest in the tax saver scheme then you can check out the interest rate provided by the South Indian Bank:-
| Tenure | Regular Interest Rate (p.a.) | Senior Citizen Interest Rate (p.a.) |
| 5 years | 5.65% | 6.15% |
South Indian Bank NRI Term Deposit Rates
South Indian Bank NRE FD Rates for Below Rs.2 crore are specified in the table given below:-
| Period | Interest Rate (p.a.) |
| 1 year to less than 3 years | 5.40% |
| 3 years to less than 5 years | 5.50% |
| 5 years | 5.65% |
| Above 5 years to up to and including 10 years | 5.50% |
South Indian Bank NRO Term Deposit Rates
You can check out the fixed deposit interest rates available by the South Indian Bank for the NRO:-
| Tenure | Regular Interest Rate (p.a.) | Senior Citizen Interest Rate (p.a.) |
| 7 days to 45 days | 3.50% | 4.00% |
| 46 days to 90 days | 3.75% | 4.25% |
| 91 days to 180 days | 3.80% | 4.30% |
| 181 days to 270 days | 4.10% | 4.60% |
| 271 days to less than 1 year | 4.50% | 5.00% |
| 1 year to less than 3 years | 5.40% | 5.90% |
| 3 years to less than 5 years | 5.50% | 6.00% |
| 5 years | 5.65% | 6.15% |
| Above 5 years to up to and including 10 years | 5.50% | 6.00% |
South Indian Bank FCNR Term Deposit Rates
The table given below indicates the South Indian Bank FCNR term deposit rates:-
| Maturity period/Currency | USD | GBP | EUR | AUD | CHF | JPY | CAD |
| 1 Year to less than 2 Year | 0.84% | 1.04% | 0.07% | 0.25% | 0.00% | 0.16% | 0.61% |
| 2 Year to less than 3 Year | 1.05% | 1.39% | 0.11% | 0.46% | 0.00% | 0.18% | 1.07% |
| 3 Year to less than 4 Year | 1.28% | 1.44% | 0.15% | 0.70% | 0.00% | 0.18% | 1.34% |
| 4 Year to less than 5 Year | 1.51% | 1.53% | 0.18% | 0.98% | 0.13% | 0.19% | 1.53% |
| 5 Year | 1.69% | 1.58% | 0.20% | 1.18% | 0.18% | 0.25% | 1.66% |
Documents Required
The following documents must be submitted by the customers to apply for the South Indian Bank Fixed Deposit schemes:-
- Passport size photographs.
- Identity proof: Aadhar card, Passport, etc.
- Address proof: Ration card, Voter’s card, etc.
- PAN card.
- An application form with details and signature.
FAQs For South Indian Bank FD Rates 2022
You will have to visit your nearest South Indian Bank branch in order to apply for the various fixed deposit schemes.
You will get a minimum interest rate of 3.50% and the senior citizens will get an additional 0.50% interest rate.
The minimum tenure for the fixed deposit scheme provided by the South Indian bank is 7 days.
You will have to pay a penalty rate of 0.5% for the deposit amounts which are less than Rupees 1500000 and 1% for more than Rupees 15 lakh.