Standard Chartered Bank Rd

Hii sir I Wants to get the Information About the Term Deposit the Standard Charted Bank Will you please Provide It ?

[Arvind Kumar]

As you Asking for the Information About th Term Deposit the Standard Charted Bank is given below

With a wide variety of options to suit different needs, including Short Term Deposit, Reinvestment Deposit, Simple Fixed Deposit and Monthly Income Plan, they can be opened by individuals, proprietors, partnership and limited companies, societies, clubs, associations and HUFs.

Features :

Tenor ranges from 7 days to 5 years.
Minimum amount to open an Online Term Deposit is 'INR 10,000/- and the same can be made in multiples of '1/-
Options of simple interest and compound interest
Auto renewal facility
Overdraft facility available against deposit
No-Premat Deposits greater than INR 7.5 Cr can be booked.
Staff rates not applicable for Online booking. Please contact nearest branch or call Phone banking to avail staff interest rate.
Joint savings account holders can open Term Deposits online*
Senior citizens can open Term Deposits online

Traditional Term Deposit:
For term deposit with tenor below 1 quarter (3 months) :

Interest is calculated on the basis of actual number of days considering the year as 365 days

For term deposit with a tenure greater than 1 quarter :

Interest for the quarter is calculated considering each quarter as 90 days and year as 360 days (90 days x 4 quarters)
Interest for the last quarter is calculated on the basis of actual number of days considering the year as 365 days

Interest Rates

Savings Bank balance Interest Rate at present (per annum) Revised Interest Rate effective 1st September 2017 (per annum)
Upto Rs. 50 lakh 4% 3.5%
Above Rs. 50 lakh 4% 4% (unchanged)

For more Information you may Visit the Nearest branch of the Standard Charted Bank