Fixed Deposit or FD is a good interest rate investment option. Standard Chartered Bank offers a Fixed Deposit Account with a high interest rate. Fixed Deposit can open for the duration of a minimum of 7 days and a maximum of ten years. Fixed Deposit gives you a high-interest rate on your deposit amount. The Deposit minimum amount is depending upon the bank.
Benefits of Standard Chartered Bank Fixed Deposit
- You get a higher interest rate on your fixed Deposit while comparing with saving accounts.
- Multiple fixed deposits can open.
- Standard Chartered Bank also gives a loan on your fixed Deposit so that, you don’t need to break your Deposit for your need.
- You can get an Rs.1.5 lakh exemption under Section 80 C of the Income Tax Act, 1961.
- If you are a senior citizen, then you will get a high-interest rate on your Fixed Deposit account.
Fixed Deposit Eligibility
- Fixed Deposits can open the name of Individual, Joint, Society, Company, Partnership, etc.
- The applicant must have a savings account in the bank.
Income Tax Facts on Standard Chartered Bank Fixed Deposit Interest
If you are looking for income tax fact on Fixed Deposit interest, then you can check below:
- If Fixed Deposit interest is less then Rs. 40, 000/-, then the Standard Chartered Bank will deduct TDS on interest.
- Interest earned on Fixed Deposit is taxable. It will treat as Income from Other Sources.
- If you don’t want to pay any TDS on Fixed Deposit, then you have to submit Form 15G and Form 15H in Standard Chartered Bank.
Standard Chartered Bank Tax Benefit Fixed Deposit
- Interest Rate is 6.5% for 5 years term deposits.
- The amount can not withdraw before five years.
- The deposit account can not transfer to another bank.
Standard Chartered Bank Fixed Deposit Interest Rate
RATES VALID FOR 18 AND 19 FEB’20
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DOMESTIC / NRO (Interest rates are per annum) | ||||||||||||||
18-19 Feb ’20 | INR < 2 Cr | INR 2 cr -<3cr | INR 3 cr – < 4 cr | INR 4 cr – < 5 cr | INR 5 cr – < 6 cr | INR 6 cr – < 7.50 cr | INR < 1 Cr (Senior citizens)** | |||||||
7-9 days | 4.25% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 4.25% | |||||||
10-14 days | 4.25% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 4.25% | |||||||
15 -17days | 4.50% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 4.50% | |||||||
18-20days | 4.50% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 4.50% | |||||||
21-23days | 4.50% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 4.50% | |||||||
24-26 days | 4.50% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 4.50% | |||||||
27-29days | 4.50% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 4.50% | |||||||
30-32 days | 5.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 5.00% | |||||||
33-35 days | 5.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 5.00% | |||||||
36-38 days | 5.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 5.00% | |||||||
39-41 days | 5.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 5.00% | |||||||
42-44 days | 5.00% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 5.00% | |||||||
45 -47 days | 5.50% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 5.50% | |||||||
48-50 days | 5.50% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 5.50% | |||||||
51-53 days | 5.50% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 5.50% | |||||||
54-56 days | 5.50% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 5.50% | |||||||
57-59 days | 5.50% | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% | 5.50% | |||||||
60-74 days | 5.50% | 3.50% | 3.50% | 3.50% | 3.50% | 3.50% | 5.50% | |||||||
75-89 days | 5.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 5.50% | |||||||
90 -104 days | 6.25% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 6.25% | |||||||
105-120 days | 6.25% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 6.25% | |||||||
121 -149 days | 6.45% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 6.45% | |||||||
150-164 days | 6.45% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 6.45% | |||||||
165-180 days | 6.45% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 6.45% | |||||||
181-210 days | 6.45% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 6.45% | |||||||
211-226 days | 6.45% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 6.45% | |||||||
227 – 269 days | 6.45% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 6.45% | |||||||
270 days-345 days | 6.45% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 6.45% | |||||||
346 days-364 days | 6.45% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | 6.45% | |||||||
1yr – 375days* | 6.50% | 6.40% | 6.40% | 6.40% | 6.40% | 6.40% | 7.00% | |||||||
376 -390 days | 6.45% | 6.35% | 6.35% | 6.35% | 6.35% | 6.35% | 6.95% | |||||||
391 days < 18 Months | 6.45% | 6.35% | 6.35% | 6.35% | 6.35% | 6.35% | 6.95% | |||||||
18M < 21M* | 6.60% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 7.10% | |||||||
21M < 2 Yrs* | 6.60% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 7.10% | |||||||
2 Yrs < 3 Yrs* | 6.60% | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 7.10% | |||||||
3 Yrs < 4 Yrs | 6.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 7.00% | |||||||
4 Yrs <= 5Yrs | 6.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 7.00% | |||||||
Greater than 7.5 crs deposits | ||||||||||||||
18-19 Feb ’20 | 7.50 cr – <10 cr | 10 cr – <10.25 cr | 10.25 cr – <25 cr | 25 cr – <25.25 cr | 25.25 cr – <50 cr | 50 cr – <50.5 cr | 50.5 cr – <145 cr | 145 cr – <150 cr | >=150 cr | |||||
7-9 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
10-14 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
15 -17days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
18-20days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
21-23days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
24-26 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
27-29days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
30-32 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
33-35 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
36-38 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
39-41 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
42-44 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
45 -47 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
48-50 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
51-53 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
54-56 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
57-59 days | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | |||||
60-74 days | 4.00% | 4.00% | 4.00% | 3.50% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | |||||
75-89 days | 4.50% | 4.50% | 4.50% | 3.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | |||||
90 -104 days | 4.50% | 4.50% | 4.50% | 4.00% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | |||||
105-120 days | 4.50% | 4.50% | 4.50% | 4.00% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | |||||
121 -149 days | 4.50% | 4.50% | 4.50% | 4.00% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | |||||
150-164 days | 5.00% | 5.00% | 5.00% | 4.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |||||
165-180 days | 5.00% | 5.00% | 5.00% | 4.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |||||
181-210 days | 5.00% | 5.00% | 5.00% | 4.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |||||
211-226 days | 5.00% | 5.00% | 5.00% | 4.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |||||
227 – 269 days | 5.00% | 5.00% | 5.00% | 4.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |||||
270 days-345 days | 4.75% | 4.75% | 4.75% | 4.00% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | |||||
346 days-364 days | 4.75% | 4.75% | 4.75% | 4.00% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | |||||
1yr – 375days* | 4.75% | 4.75% | 4.75% | 4.00% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | |||||
376 -390 days | 4.75% | 4.75% | 4.75% | 4.00% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | |||||
391 days < 18 Months | 4.75% | 4.75% | 4.75% | 4.00% | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | |||||
18M < 21M* | 5.00% | 5.00% | 5.00% | 4.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |||||
21M < 2 Yrs* | 5.00% | 5.00% | 5.00% | 4.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |||||
2 Yrs < 3 Yrs* | 5.00% | 5.00% | 5.00% | 4.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |||||
3 Yrs < 4 Yrs | 5.00% | 5.00% | 5.00% | 4.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | |||||
4 Yrs <= 5Yrs | 5.00% | 5.00% | 5.00% | 4.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.50% | |||||
Deposits with No- Premature Facility | ||||||||||||||
18-19 Feb ’20 | INR 2 cr -<3cr | INR 3 cr – < 4 cr | INR 4 cr – < 5 cr | INR 5 cr – < 6 cr | INR 6 cr – < 7.50 cr | 7.50 cr – <10 cr | 10cr – <10.25cr | 10.25cr – <25cr | 25 – <25.25cr | 25.25 – <50cr | 50cr – <50.5cr | 50.5cr – <145cr | 145-<150cr | >=150cr |
60-74 days | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
75-89 days | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% |
90 -104 days | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% |
105-120 days | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% |
121 -149 days | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% |
150-164 days | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% |
165-180 days | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% |
181-210 days | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% |
211-226 days | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% |
227 – 269 days | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% | 5.10% |
270-345 days | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% |
346 days-364 days | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% |
1yr – 375days | 6.50% | 6.50% | 6.50% | 6.50% | 6.50% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85% | 4.85 |