How to find the best rates for Standard Chartered Bank Fixed Deposit
Standard Chartered India is the oldest international bank of India with over 99 branches in 42 cities. The bank opened its Indian operations in the year 1858 and has since been making good progress in terms of financial services rendered as well as customer acquisition made.
The bank deals in all sorts of financial products and services which include retail banking, corporate banking, wealth management, investment banking etc. Deposits by Standard Chartered India are a popular financial product among customers.
Standard Chartered Short-Term Fixed Deposit Rates
Short-term deposits by Standard Chartered are extremely good short-term investment options for people looking for returns. These are also favourable for customers who do not want to lock their money for a considerable time period.
Short-term fixed deposits that have a deposit period of 7-14 days earn an interest rate of 4.25% p.a. which is the lowest rate offered by the bank on deposits.
For deposit periods between 15-29 days the rate of interest is upped slightly to 4.75% p.a.
A deposit period of 30-44 days earns an attractive interest rate of 5.25%.
Deposits ranging between 148-59 days, the rate offered is an attractive 6% p.a. and is competitive as compared to other banking institutions.
A considerably higher rate of 7.25% p.a. is offered by Standard Chartered India on fixed deposits with a tenor of 60-89 days.
Similarly, deposits that range from 90-120 days are rewarded at an attractive interest rate of 7.75% p.a. which is extremely good when compared to the rates offered by other competing banks.
A standard rate of 8% p.a. is offered for all deposits that have tenors ranging between 121-180 days.
Deposits that have a tenor greater than 180 days and less than 365 days earn a rate of 8.1% p.a.
Standard Chartered Mid-Term Fixed Deposit Rates
The rate of interest remains the same at 8.1% for deposits that have a deposit tenor between 365-375 days.
Between 391 days and 18 months, the rate of interest offered by the bank is 7.25% p.a. which is competitive with respect to fixed deposit rates offered by other banks.
Standard Chartered Long-Term Fixed Deposit Rates
The rates offered are considerably attractive for fixed deposits that have a locking period of 2-5 years. The interest rate offered on these is 7.25% p.a. which is in line with the rate trend of almost all competing banks.
Standard Chartered Fixed Deposit Rates for Senior Citizens
The same regular rates apply to senior citizens across all deposit categories.
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