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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. 1 cr (last revised on Mar 01, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
15 days to 45 days Less than Rs. 1 cr

4.00

4.50

Calculate
46 days to 90 days Less than Rs. 1 cr

4.50

5.00

Calculate
91 days to 180 days Less than Rs. 1 cr

7.00

7.50

Calculate
181 days to 299 days Less than Rs. 1 cr

8.50

9.00

Calculate
300 days Less than Rs. 1 cr

8.75

9.25

Calculate
301 days to less than 1 year Less than Rs. 1 cr

8.50

9.00

Calculate
1 year to less than 400 days Less than Rs. 1 cr

9.00

9.50

Calculate
SIB 400 (400 days) Less than Rs. 1 cr

9.50

10.00

Calculate
401 days to less than 2 years Less than Rs. 1 cr

9.00

9.50

Calculate
SIB 85 (2 years) Less than Rs. 1 cr

9.25

9.75

Calculate
above 2 years to less than 3 years Less than Rs. 1 cr

9.00

9.50

Calculate
3 years to upto and incl 10 years Less than Rs. 1 cr

8.75

9.25

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

8.75

9.25

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. 1 cr (last revised on Mar 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
15 days to 45 days Less than Rs. 1 cr 4.00 Calculate
46 days to 90 days Less than Rs. 1 cr 4.50 Calculate
91 days to 180 days Less than Rs. 1 cr 7.00 Calculate
181 days to 299 days Less than Rs. 1 cr 8.50 Calculate
300 days Less than Rs. 1 cr 8.75 Calculate
301 days to less than 1 year Less than Rs. 1 cr 8.50 Calculate
1 year to less than 400 days Less than Rs. 1 cr 9.00 Calculate
SIB 400 (400 days) Less than Rs. 1 cr 9.50 Calculate
401 days to less than 2 years Less than Rs. 1 cr 9.00 Calculate
SIB 85 (2 years) Less than Rs. 1 cr 9.25 Calculate
above 2 years to less than 3 years Less than Rs. 1 cr 9.00 Calculate
3 years to upto and incl 10 years Less than Rs. 1 cr 8.75 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Mar 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year to less than 400 days Less than Rs. 1 cr 9.00 Calculate
SIB 400 (400 days) Less than Rs. 1 cr 9.50 Calculate
401 days to less than 2 years Less than Rs. 1 cr 9.00 Calculate
SIB 85 (2 years) Less than Rs. 1 cr 9.25 Calculate
above 2 years to less than 3 years Less than Rs. 1 cr 9.00 Calculate
3 years to upto and incl 10 years Less than Rs. 1 cr 8.75 Calculate
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