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Standard Chartered Bank FD Interest Rates

1.75% - 5.35%
Interest rates
7 days - 5 years
Time Period
10,000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About Standard Chartered Bank FD

Standard Chartered is a global British banking and financial services corporation based in London, England. It employs over 87,000 people and has a network of over 1,200 branches and outlets (including subsidiaries, affiliates, and joint ventures) in over 70 countries. It is a universal bank that provides consumer, business, and institutional banking, as well as treasury services. Despite its UK basis, it does not operate retail banking in the UK, and Asia, Africa, and the Middle East account for around 90% of its earnings.

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Started On1969
Head QuartersLondon, England, UK
CRISIL RatingNA
CEOBill Winters
Listed on exchange asStandard Chartered PLC
ICRA RatingNA

Standard Chartered Bank FD Rates 2022

TenureRegular customersSenior citizens
1
2
3
4

Features and Benefits of Standard Chartered FD

  • By going to the lender's official website, you may open your fixed deposit online.
  • You would almost surely receive guaranteed returns if you invest in a Standard Chartered Bank FD, which requires a minimum investment of Rs.10,000.
  • You can invest for a period ranging from 7 days to 5 years.
  • If you open an FD account, you can get an overdraft against your deposit if you need it.
  • You have the option of selecting between simple or compound interest. You can also choose a monthly payout to fulfill your urgent cash needs.
  • When your account reaches maturity, it will be automatically renewed for the same term.
  • Senior people will receive an extra 0.50 percent on their deposits.
  • An individual, partnership, owners, Hindu Undivided Families (HUFs), limited businesses, societies, clubs, and organizations can all create a fixed deposit account.

Types of Standard Chartered Bank FD Schemes

Term Deposits

  • Term deposits provide you with a guaranteed rate of interest for a set length of time. 
  • This tenure can be for a lengthy time, such as five years. 
  • When you book a term deposit for a minimum of Rs 10,000, the guaranteed interest is credited to your account regularly. There is no volatility related to the market.

NRO Deposit

  • Standard Chartered NRO Term Deposits allow an investor to receive a greater interest rate on funds earned in India through rentals, dividends, and other sources.
  • The term varies from 7 days to 5 years. The minimum amount required to create an Online Term Deposit is ‘INR 10,000/-, which may be paid in multiples of ‘1/-.
  • There are two types of interest: simple interest and compound interest.
  • Auto-renewal service.
  • There is an overdraft option available against a deposit.

FCNR Deposit

  • The Standard Chartered FCNR (B) Term Deposits Account is intended to safeguard your assets from changes in currency rates.
  • Maintain an FCNR (B) deposit in USD, GBP, EUR, AUD, CAD, or JPY.
  • Tenure of one to three years.
  • This account generates tax-free income.
  • Interest and principal are freely repatriable.
  • Auto-renewal service.
  • There is an overdraft option available against a deposit.
  • Initial financing comes from remittances from overseas as well as transfers from existing NRE and FCNR accounts.

Term wise Standard Chartered Bank FD Rates

Short-Term Deposits

 Short-term deposits in Standard Chartered Bank FD start from 7 days and range to 1 year. The interest rates offered are 1.75% to 4.60% for general customers and 2.25% to 5.10% for senior citizens.

Medium-Term Deposits

Medium-term deposits in Standard Chartered Bank FD range from 1 year to 5 years and less. The interest rates offered are 5.30% to 5.35% for general customers and 5.80% to 5.85% for senior citizens.

Standard Chartered Bank vs Other Banks' FD Rates

NameTenureInterest rate
1
2
3
4
5

How to invest in Standard Chartered Bank FD?

A Standard Chartered Bank FD account can be opened through online and offline modes-

1) Online Method

  • Visit the Standard Chartered Bank's official website.
  • Under the menu, in ‘Products’, click on ‘Accounts and Deposits’, and next, click on ‘Term (Fixed) Deposit’.
  • On the redirected Fixed Deposit page, click on ‘Apply Now’.
  • Enter the username, password, and the captcha code in the box. Next, click on ‘Login’.
  • Under ‘Menu’, click on ‘Deposits’, and next, click on ‘Term (Fixed) Deposit’.
  • Follow the steps mentioned to apply for Standard Chartered Bank FD.
  • If one is a new customer, registration will be required. On the successful process of registration, use the username and password to log in.

2) Offline Method

For opening a Standard Chartered Bank FD account via offline mode, one has to visit the nearest Standard Chartered Bank branch. A bank representative will help to fill out the Standard Chartered Bank FD application form. Present all the necessary documents with the deposit amount. On successful processing of the application, an FD will be opened with Standard Chartered Bank.

 

Eligibility for Standard Chartered Bank FD Account

Individuals or entities satisfying the following criteria can opt for a fixed deposit in Standard Chartered Bank –

  • Individuals
  • Partnerships firms
  • HUFs
  • Sole proprietors
  • Societies, Limited companies, associations, clubs

Documents to Open Standard Chartered Bank FD

The following documents have to be furnished for opening a Standard Chartered Bank FD –

  • Passport size photographs
  • Proof of address (Aadhar Card, Utility bills, Passport)
  • Proof of identity (PAN Card, Driving License, Aadhar Card, Passport, Voter ID)
  • Job card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the National Population Register containing details of name and address
  • Other documents as required by the bank

FAQs

Can the user select whether or not the interest is compounded?

FD interest can be computed using either simple or compound interest, according to the investor's desire.

Who is eligible to create a fixed deposit with Standard Chartered Bank?

Individuals, sole proprietors, partnerships, limited corporations, societies, clubs, organizations, and HUFs are all eligible to invest in the bank's FD.

Is there an option for auto-renewal?

The Standard Chartered FD program has the option of auto-renewal. This should be activated when you join up for the program.

At what interest rate does a client get the best returns on a Standard Chartered FD?

Currently, the bank offers the greatest ROI of 5.40 percent for tenures ranging from 2 to 3 years.

In how many years will Standard Chartered Bank's FD double?

The maturity amount will be determined by the deposit amount and tenure you choose when your account matures.

Calculate Standard Chartered Bank FD Interest
Investment Amount
₹25,000.00
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Standard Chartered Bank
@5.3% p.a
Get higher interest rates
online upto 0%
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