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South Indian Bank

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Less than Rs. 10 lacs (last revised on Jan 08, 2018)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 45 days Less than Rs. 10 lacs

4.00

4.50

Calculate
46 days to90 days Less than Rs. 10 lacs

5.75

6.25

Calculate
91 days Less than Rs. 10 lacs

7.00

7.50

Calculate
92 days toless than 1 year Less than Rs. 10 lacs

6.00

6.50

Calculate
1 year to 599 days Less than Rs. 10 lacs

6.75

7.25

Calculate
600 days Less than Rs. 10 lacs

7.10

7.60

Calculate
601 days to 2 years Less than Rs. 10 lacs

6.75

7.25

Calculate
Above 2 years to upto and incl 10 years Less than Rs. 10 lacs

6.50

7.00

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
South Indian Bank Tax Gain - 5 years Upto Rs. 1 lakh

6.50

7.00

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - Less than Rs. 10 lacs (last revised on Jan 08, 2018)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 45 days Less than Rs. 10 lacs 4.00 Calculate
46 days to90 days Less than Rs. 10 lacs 5.75 Calculate
91 days Less than Rs. 10 lacs 7.00 Calculate
92 days toless than 1 year Less than Rs. 10 lacs 6.00 Calculate
1 year to 599 days Less than Rs. 10 lacs 6.75 Calculate
600 days Less than Rs. 10 lacs 7.10 Calculate
601 days to 2 years Less than Rs. 10 lacs 6.75 Calculate
Above 2 years to upto and incl 10 years Less than Rs. 10 lacs 6.50 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Jan 08, 2018)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to 599 days Less than Rs. 1 cr 6.75 Calculate
600 days Less than Rs. 1 cr 7.10 Calculate
601 days to 2 years Less than Rs. 1 cr 6.75 Calculate
Above 2 years to upto and incl 10 years Less than Rs. 1 cr 6.50 Calculate
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