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Standard Chartered Bank FD Rates
Standard Chartered Bank offers a number of fixed deposit schemes. The FDs can be of tenure ranging from min 7 Days to 5 Year 1 Months 7 Days . The roi for different schemes starts from 5.00% to 6.80 % for the general public and for senior citizens. The min amount required to open an Fixed Deposit with Standard Chartered Bank is Rs.10,000
Types Of Standard Chartered Bank Fixed Deposit Schemes
Standard Chartered Bank is offering a different kinds of fixed deposits to its customers. These are :
Name of Schemes | For General Citizen (p.a.) | For Senior Citizen (p.a.) |
|---|---|---|
| Standard Chartered Domestic Bulk Term Deposits FD | 5.00% to 6.80 % | -- |
| Standard Chartered Domestic Term Deposits FD | -- | -- |
| Standard Chartered Bank NRO FD | 2.75% to 7.35 % | -- |
| Standard Chartered Bank NRE FD | 6.00% to 6.30 % | -- |
Standard Chartered Domestic Bulk Term Deposits FD
View SchemeGiven below are the latest Standard Chartered Domestic Bulk Term Deposits FD, ranging from 7 Days to 5 Year 1 Months 7 Days as of August, 2022.
Tenors | Interest Rates for Public (p.a.) |
|---|---|
| 7 Days Upto 14 Days | 5.00% to 6.80% p.a. |
| 15 Days Upto 29 Days | 5.00% p.a. |
| 1 Months Upto 1 Months 14 Days | 5.50% p.a. |
| 1 Months 15 Days Upto 1 Months 29 Days | 5.50% p.a. |
| 2 Months Upto 2 Months 29 Days | 5.00% p.a. |
| 3 Months Upto 4 Months | 6.80% p.a. |
| 4 Months 1 Days Upto 6 Months | 6.80% p.a. |
| 6 Months 1 Days Upto 8 Months 29 Days | 6.50% p.a. |
| 9 Months Upto 11 Months 15 Days | 6.50% to 6.80% p.a. |
| 11 Months 16 Days Upto 12 Months 4 Days | 6.50% to 6.80% p.a. |
| 1 Year Upto 1 Year 10 Days | 6.50% to 6.80% p.a. |
| 1 Year 11 Days Upto 1 Year 25 Days | 6.50% p.a. |
| 1 Year 26 Days Upto 1 Year 6 Months 2 Days | 6.50% p.a. |
| 1 Year 6 Months 2 Days Upto 1 Year 9 Months 3 Days | 6.50% p.a. |
| 1 Year 9 Months 3 Days Upto 2 Year | 6.50% p.a. |
| 2 Year Upto 3 Year | 6.50% p.a. |
| 3 Year Upto 4 Year 1 Days | 6.50% p.a. |
| 4 Year 1 Days Upto 5 Year 1 Months 7 Days | 6.50% p.a. |
Standard Chartered Domestic Term Deposits FD
View SchemeGiven below are the latest Standard Chartered Domestic Term Deposits FD, ranging from to as of September, 2022.
Tenors | Interest Rates for Public (p.a.) |
|---|---|
| 7 Days Upto 14 Days | 2.75% to 5.00% p.a. |
| 15 Days Upto 29 Days | 2.75% to 5.00% p.a. |
| 1 Months Upto 1 Months 29 Days | 3.25% to 3.50% p.a. |
| 2 Months Upto 2 Months 29 Days | 3.50% p.a. |
| 3 Months Upto 4 Months | 3.50% to 5.50% p.a. |
| 4 Months 1 Days Upto 6 Months | 3.50% to 6.80% p.a. |
| 6 Months 1 Days Upto 8 Months 29 Days | 3.50% to 6.50% p.a. |
| 9 Months Upto 11 Months 15 Days | 3.50% to 6.50% p.a. |
| 11 Months 16 Days Upto 12 Months 4 Days | 3.50% to 6.50% p.a. |
| 1 Year Upto 1 Year 10 Days | 3.50% to 7.15% p.a. |
| 1 Year 11 Days Upto 1 Year 25 Days | 3.50% to 7.25% p.a. |
| 1 Year 26 Days Upto 1 Year 6 Months 2 Days | 3.50% to 7.20% p.a. |
| 1 Year 6 Months 2 Days Upto 1 Year 9 Months 3 Days | 3.50% to 7.50% p.a. |
| 1 Year 9 Months 3 Days Upto 2 Year | 3.50% to 7.50% p.a. |
| 2 Year Upto 3 Year | 3.50% to 7.10% p.a. |
| 3 Year Upto 4 Year 1 Days | 3.50% to 6.75% p.a. |
| 4 Year 1 Days Upto 5 Year 1 Days | 3.50% to 6.75% p.a. |
Standard Chartered Bank NRO FD
View SchemeGiven below are the latest Standard Chartered Bank NRO FD, ranging from 7 Days to 5 Year 1 Days as of August, 2022.
Tenors | Interest Rates for Public (p.a.) |
|---|---|
| 7 Days Upto 14 Days | 2.75% to 5.00% p.a. |
| 15 Days Upto 29 Days | 2.75% to 5.00% p.a. |
| 1 Months Upto 1 Months 29 Days | 3.00% to 5.50% p.a. |
| 2 Months Upto 2 Months 29 Days | 3.00% to 5.00% p.a. |
| 3 Months Upto 4 Months | 3.00% to 6.80% p.a. |
| 4 Months 1 Days Upto 6 Months | 3.00% to 6.80% p.a. |
| 6 Months 1 Days Upto 8 Months 29 Days | 3.00% to 6.50% p.a. |
| 9 Months Upto 11 Months 15 Days | 3.00% to 6.50% p.a. |
| 11 Months 16 Days Upto 12 Months 4 Days | 3.00% to 6.50% p.a. |
| 1 Year Upto 1 Year 10 Days | 6.30% to 7.15% p.a. |
| 1 Year 11 Days Upto 1 Year 25 Days | 6.30% to 7.25% p.a. |
| 1 Year 26 Days Upto 1 Year 6 Months 2 Days | 6.05% to 7.10% p.a. |
| 1 Year 6 Months 2 Days Upto 1 Year 9 Months 3 Days | 6.05% to 7.10% p.a. |
| 1 Year 9 Months 3 Days Upto 2 Year | 6.30% to 7.35% p.a. |
| 2 Year Upto 3 Year | 6.30% to 7.10% p.a. |
| 3 Year Upto 4 Year 1 Days | 6.10% to 6.75% p.a. |
| 4 Year 1 Days Upto 5 Year 1 Days | 6.10% to 6.75% p.a. |
Standard Chartered Bank NRE FD
View SchemeGiven below are the latest Standard Chartered Bank NRE FD, ranging from 1 Year to 5 Year 1 Days as of August, 2022.
Tenors | Interest Rates for Public (p.a.) |
|---|---|
| 1 Year Upto 1 Year 10 Days | 6.00% to 6.30% p.a. |
| 1 Year 11 Days Upto 1 Year 25 Days | 6.00% to 6.30% p.a. |
| 1 Year 26 Days Upto 1 Year 6 Months 2 Days | 6.15% to 6.30% p.a. |
| 1 Year 6 Months 2 Days Upto 1 Year 9 Months 3 Days | 6.15% to 6.30% p.a. |
| 1 Year 9 Months 3 Days Upto 2 Year 20 Days | 6.15% to 6.30% p.a. |
| 2 Year Upto 3 Year | 6.15% to 6.30% p.a. |
| 3 Year Upto 4 Year 1 Days | 6.10% to 6.15% p.a. |
| 4 Year 1 Days Upto 5 Year 1 Days | 6.10% to 6.15% p.a. |
| Upto 5 Year 1 Days | 6.10% to 6.15% p.a. |
The Standard Chartered Bank FD (Fixed Deposit) is a popular investment instrument among investors to park their investments. They provide a diverse assortment of fixed deposit schemes to their investors. The interest rates on the deposits range from 2.5% to 5.4%. The Standard Chartered Bank FD is a lucrative investment option offered by the largest international bank in India. The bank has been in the country for over 160 years and boasts about 100 operational branches across 43 cities.
Standard Chartered Bank FD Rates 2022
The Standard Chartered Bank FD rates are lucrative as the investors can get interest rates up to 5.4% per annum. The investment tenure of the deposit ranges from 7 days to 5 years. The minimum deposit that an investor is required to make is Rs 10,000. The bank offers online services concerning the Standard Chartered Bank FD.
Standard Chartered Bank FD Interest Rates
The Standard Chartered Bank FD provides handsome returns to its investors:
- The highest awarded interest rate on the investment scheme for the general citizens is 5.40% per annum. The tenure for investment should range from 2 years to less than three years.
- The highest interest rate for senior citizens who have parked their investment in the scheme is 5.9% per annum. The tenure is set from 2 years to less than three years.
- In general, the interest rate for the general citizens ranges from 1.75% per annum to 5.40% per annum.
- The interest rate for the senior citizens who have deposited in the scheme ranges from 1.75% to 5.90% per annum.
Classification of Standard Chartered Bank Fix Deposit
The Standard Chartered Bank offers a wide range of fix deposits to its investors. Find the following types of deposits:
Fixed Term Deposit
The scheme caters to long-term and short-term investors. The scheme also provides the provision for premature withdrawals and loans against FD. Find the following features of the Fix term deposits.
- The tenure of the deposit ranges from 7 days to five years.
- The minimum amount required to open a Standard Chartered FD is Rs 10,000.
- The fixed deposit scheme offers guaranteed returns.
- This investment instrument is risk-free with a guarantee from a sovereign state.
- The investor in the scheme can select from the payout options offered. They can either choose from the compound or simple interest options. The investor can also collect their interest monthly.
- Senior citizens can avail of the additional interest of 0.5% in the Standard Chartered FD scheme.
- The depositor can choose to withdraw the amount prematurely. But a 1% penalty would be levied for the same.
- The depositor can avail of a bank overdraft against their deposited amount.
- The auto-renewal provision facilitates the renewal of the term deposit after the maturity date. This ensures that no interest would be lost on the investment.
- The investor can conveniently open their Standard Chartered Band FD account in both online and offline modes.
Standard Chartered Bank Fixed Deposit - Schemes
The Standard Chartered Bank FD offers a variety of schemes to its customers to cater to their varying requirements. The investors can open the following fixed deposits with the Standard Chartered Bank.
- Short-Term Deposit: Short-term deposits enables the user to earn lucrative returns for a shorter period ranging from 7 to 15 years.
- Reinvestment Deposit: Provides an avenue for the investors to reinvest the interest earned on the fixed deposit.
- Simple Fixed Deposit: The investor can allocate a substantial amount of money in the deposit at a predetermined interest rate.
- Monthly Interest Payout: The investor will receive the interest income every month after opting for this scheme.
Features and Benefits of Standard Chartered Bank FDs
The Standard Chartered Bank FD is a popular tax-saving investment instrument that offers its depositors the following benefits and features.
- The scheme allows Indian Citizens and NRIs to open a fixed deposit account and earn handsome returns on their investment.
- The bank provides excellent online services to cater to the depositor's requirements concerning the deposits.
- The mobile application of the Standard Chartered bank provides accessibility to the account holder anytime, anywhere.
- The renewal after the maturity period is automated to ensure no interest gains are missed.
- The depositor can take a loan against the deposited amount.
- The option to choose a simple or compound interest is at the account holder's discretion.
- The depositor does not need to submit a significant amount to commence their investment in the scheme.
- The investment tenures offer flexibility to the investors.
- The Standard chartered bank offers 24*7 helpline services to cater to the queries of their customers.
- Additional interest rates are offered to the senior citizens.
- The returns on the investment are guaranteed and backed by a sovereign state.
Eligibility Criteria for Standard Chartered Bank FD
The Standard Chartered Bank offers guaranteed returns to its investors. Find the following eligibility criteria a depositor must tick off before investing in the scheme.
- Individuals
- Limited Companies
- Partnership Companies
- Proprietors
- Clubs
- Societies
- Associations
- Hindu Undivided Family (HUFs)
How is the Interest Rate Calculated on Standard Chartered Bank Fixed Deposit?
The interest rate earned is with respect to the tenure of the investment. Investing in the scheme for an extended period of time is advised to get the maximum returns on the investment.
| Tenure of the Investment | Interest Rate (Per Annum) |
| 7 to 29 Days | 2.5% |
| 30 to 89 Days | 3% |
| 90 to 180 Days | 3.5% |
| 181 to 210 Days | 4.40% |
| 211 Days to less than 12 Months | 4.60% |
| 12 Months to 12 Months 10 Days | 5.30% |
| 12 Months 11 Days to less than 18 Months | 5.20% |
| 18 Months to less than 21 Months | 5.40% |
| 21 Months to less than 24 Months | 5.25% |
| 24 Months to less than 36 Months | 5.40% |
| 36 Months to 60 Months | 5.35% |
Tax Rates on Standard Chartered Bank FD
The tax rates on the Standard Chartered Bank FD are as follows:
- The Bank deducts 10% TDS if the interest income exceeds Rs 10,000 in a financial year.
- However, if the depositor does not submit PAN Card details when opening the fixed deposit account with the bank. 20% TDS will be deducted from their interest.
- Although not mandatory, it is advisable for the applicant to submit their PAN details while opening the account to avoid avoidable charges.
Standard Chartered Bank FD Minimum/ Maximum Deposit Amount
The fixed deposit offers the depositor a diverse range of investments to envelope the maximum number of people in this lucrative investment scheme.
- The minimum amount to be deposited in the fixed deposit is Rs 10,000 with a premature withdrawal facility.
- The investor can invest up to 7.5 crores in the Standard Chartered FD scheme with a premature withdrawal facility.
Comparison of Standard Chartered Bank Fixed Deposit Returns with Top Banks
Find below the comparison of Standard Chartered Bank FD rates with the FD rates of the other top banks of India.
| BANK NAME | Interest Rate offered on FD |
| Standard Chartered Bank | 5.4% |
| HDFC Bank FD | 5.5% - 6% |
| ICICI Bank FD | 5.5% - 6% |
| Bank of Baroda FD | 5.5% - 6% |
| Bharat Bank FD | 5.9% - 6.4% |
| Aryavart Bank FD | 5.5% - 6% |
| Utkal Grameen Bank FD | 5.45% - 5.95% |
| Punjab and Sindh Bank | 5.55% - 6.05% |
| ESAF Small Finance Bank | 5.75% - 6.25% |
How to Open a Standard Chartered Bank FD Account
The customer can open their Standard Chartered Bank FD hassle-free as the bank provides online and offline avenues to the customers. So that they can conveniently open an account in this tax-saving investment instrument.
Procedure to Open a Fixed Deposit Account Online
STEP 1: Log onto the official website of the Standard Chartered Bank. Navigate to the menu section and select the ‘Product’ section. Click on ‘Accounts and Deposits’ and select the ‘Term (Fixed) Deposit.
STEP 2: The user will be redirected to the concerned Fixed Deposit opening page
STEP 3: Click on the ‘Apply Now button.
STEP 4: Mention username and password. Enter the valid captcha on the screen and click on ‘login.’
STEP 5: Navigate to the menu section and select ‘Deposits’. And click on the ‘Term deposit’ option.
STEP 6: Meticulously follow the steps to open a Standard Chartered FD.
A bank's new customers must register before commencing the application process.
Procedure to Open, a Fixed Deposit FD Account Offline
- The applicant must visit the nearest Standard Chartered Bank branch with all the relevant documents.
- Find the concerned bank representative to begin the application process.
- Fill in the application form along with all the required documents.
- The submitted application and documents would have to go through a verification process.
- After verifying all the documents, the applicant would be able to open an FD with the Standard Chartered Bank.
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Frequently Asked Questions (FAQs)
What is the FD interest rate in Standard Chartered Bank?
The interest rate on the Standard Chartered Bank FD varies between 1.75% to 5.4% per annum.
How to close a fixed deposit FD Account in Standard Chartered Bank?
Submit the Fixed deposit FD closure form and all the necessary documents to the nearest branch manager.
What is the Minimum amount required to open an FD account with Standard Chartered Bank?
The minimum amount to be deposited to open a Standard Chartered Bank FD is Rs 10,000.
Does Standard Chartered Bank Charge for Premature Withdrawal of FDs?
The provision to withdraw from the deposit is available in the Standard Chartered Bank. However, the bank would levy a penalty on interest.
Does Standard Chartered Bank allow joint fixed Deposit accounts?
Yes, the provision of a joint account where one or more participants share an FD is present.
Does Standard Chartered Bank allow pre-closure of fixed deposit accounts?
Yes, the bank provides the provision where the pre-closure of the fixed deposits account is allowed.
What is the penalty for breaking FD in Standard Chartered Bank?
A penalty of 1% on the interest payable for the whole investment tenure will be levied.
In how many years FD will double in Standard Chartered Bank?
The return on the investment will be subject to the interest rates on the FD amount. It is advisable to park the investment in the scheme for longer.
