South Indian Bank is a leading private sector bank in India known for its reliable banking services. It offers fixed deposits with competitive interest rates and flexible tenures. Use the calculator to estimate your interest earnings and maturity amounts, making investment planning simple and straightforward.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 7 days to 30 days | 2.90 | 3.40 |
| 31 days to 90 days | 3.50 | 4.00 |
| 91 days to 99 days | 4.50 | 5.00 |
| 100 days | 5.50 | 6.00 |
| 101 days to 180 days | 4.50 | 5.00 |
| 181 days to less than 1 year | 5.00 | 5.50 |
| 1 year | 6.70 | 7.20 |
| 1 year 1 day | 7.00 | 7.50 |
| 1 year 2 days to 399 days | 6.50 | 7.00 |
| 400 days | 7.25 | 7.75 |
| 401 days to less than 30 months | 6.50 | 7.00 |
| 30 months | 7.00 | 7.50 |
| Above 30 months to less than 5 years | 6.70 | 7.20 |
| 5 years to less than 66 months | 6.00 | 6.50 |
| 66 months (Green deposit) | 6.50 | 7.00 |
| Above 66 months up to and including 10 years | 6.00 | 6.50 |
Data last updated on 01/09/2024. Check latest interest rates here.
South Indian Bank FD Calculator
South Indian Bank FD FAQs
What is the interest payout frequency for South Indian Bank Fixed Deposits?
Simple interest is paid quarterly, and there is also a monthly interest payout option available at a discounted rate.
What are the tenure options for South Indian Bank Fixed Deposits?
Fixed Deposits can be made for periods ranging from 15 days to 10 years, suitable for both short and long-term investments.
Can the interest earned on Fixed Deposits be withdrawn periodically?
Yes, interest can be withdrawn periodically or transferred to other accounts as per your instructions.
Does South Indian Bank offer auto-renewal for Fixed Deposits?
Yes, you can provide auto-renewal instructions for your Fixed Deposits.
Is TDS applicable on interest earned from Fixed Deposits?
Yes, TDS is applicable on the interest earned as per the prevailing tax laws.