Shivalik Small Finance Bank FD Interest Rates 2025

What is the Shivalik Small Finance Bank Fixed Deposit?

Shivalik Small Finance Bank FD allows you to deposit a lump sum amount for a fixed tenure and earn assured returns. These deposits give a secured income from FD interest rates and an option of cumulative or non-cumulative interest payment. For deposits up to 180 days, interest is calculated as simple interest and paid at maturity. An additional interest rate of 0.50% is offered to senior citizens.

Key Features of Shivalik Small Finance FD

Below are the key features of Shivalik Small Finance Bank Fixed Deposits you should know:

• Auto-Renewal Option: For regular fixed deposits, if no maturity instruction is provided, the FD is automatically renewed for the same tenure at the prevailing interest rate on the maturity date. However, auto-renewal is not available for non-callable fixed deposits at the time of account opening.
• Premature Withdrawal: The pre-maturity withdrawals are allowed after 7 days. Nevertheless, a maximum 1% penalty can be withheld on the available interest rate as per duration and terms.
• Minimum Deposit: You can deposit as little as 1000 rupees in the FD, allowing you to open an account with little investment.
• Loan Against FD: You may avail of a loan of up to 90% of the amount you have deposited in it, thus getting you out of emergencies without withdrawing the FD.
• Tax Saver FD Option: A special Tax Saver FD is available under Section 80C of the Income Tax Act. Premature closure is not allowed.
• Non-Callable FD Terms: Non-callable fixed deposits cannot be closed before maturity, except in exceptional situations like regulatory orders or deceased account holder claims.

Shivalik Small Finance Bank FD Interest Rates

Below are the latest fixed deposit interest rates offered by Shivalik Small Finance Bank:

Fixed Deposit Interest Rates for Deposits Less Than ₹3 Crores (Without Premature-Withdrawal Facility)

*Shivalik Small Finance Bank FD interest rates w.e.f. June 18, 2025

Non-Callable Fixed Deposits for Deposits Less Than ₹3 Crores (Without Premature-Withdrawal Facility)

Shivalik Small Finance Bank FD interest rates w.e.f. June 18, 2025

To see how these rates compare with others in the market, check out which bank has the highest FD rate.

How to Open a Shivalik Small Finance Bank FD?

Depending on your convenience, you can open a Shivalik Small Finance Bank Fixed Deposit online and offline.

1. Online Method

   Via Internet Banking:

   • Log in to Shivalik Bank’s internet banking portal.
   • Go to the “Fixed Deposit” section.
   • Choose the deposit amount, tenure, and interest payout type.
   • Enter nominee details and submit.

   Via Mobile App:

   • Download the Shivalik Mobile Banking App.
   • Log in and select “Open FD”.
   • Enter deposit details and complete the process online.

2. Offline Method

   • Visit your nearest Shivalik Small Finance Bank branch.
   • Fill out the FD account opening form.
   • Submit KYC documents and the deposit amount.
   • Collect the Fixed Deposit Receipt (FDR) once your FD is created.

Documents Required to Open Shivalik Small Finance FD

To open an FD with Shivalik Small Finance Bank, you need to provide:

• Proof of Identity: Aadhaar, PAN, Passport, or Voter ID.
• Proof of Address: Utility bill, Aadhaar, Driving Licence, or passport.
• Photograph: Passport-sized photograph (only for offline mode).
• PAN Card: Mandatory to avoid higher TDS deduction.
• KYC Verification: Required for first-time investors or offline applicants.

Taxation on Shivalik Small Finance Bank FD Interest

Interest earned from Shivalik Small Finance Bank Fixed Deposits is taxable under the Income Tax Act and is classified as "Income from Other Sources" when filing your Income Tax Return (ITR). If the total interest earned in a financial year exceeds ₹50,000 for general customers or ₹1,00,000 for senior citizens, it attracts a TDS at the rate of 10%, provided your PAN has been submitted. In case PAN is not provided, TDS is deducted at a higher rate of 20%, irrespective of the interest amount. Individuals whose total annual income falls below the taxable limit can submit Form 15G or 15H to the bank in order to avoid TDS deduction. 

Key Takeaways

Shivalik Small Finance FD rates are up to 8.10% on regular and 8.55% on senior citizens, attracting investors needing fixed income. Tenures available with the bank range from 7 days to 10 years at competitive rates. Section 80C benefits also apply to the 5-year Tax Saving FD. During any emergency, investors can borrow as much as 90% of the amount of an FD. The FDs are also convenient and flexible in that one can open FDs online or offline with minimal documentation.