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Fixed Deposit Scheme

Key Points

  • SIDBI's Fixed Deposit Scheme is rated 'AAA(FD)' by CARE indicating highest safety with regard to payment of principal and interest.
  • The detailed terms of the scheme are enumerated in the application forms which may be obtained from any of the offices of SIDBI.

Eligible Depositors

  • Resident Individual
  • Minors.
  • HUFs.
  • Partnership firms
  • Companies
  • Bodies Corporate
  • Societies
  • Association of Persons


  • Nomination facility available on Single & Joint Deposits by Individuals.
  • TDS exemption for income upto Rs. 5000/-. Eligible investments for religious/ charitable trusts u/s 11(5) of I.T. Act,1961
  • Interest/ Redemption Cheques will be encashable “at par” in Depositor's City/ Town.
  • Direct Credit of Interest to Depositor's Bank Account through ECS, wherever facility available and requested by the investor.
  • Higher rates of interest for Senior Citizens.

Duration of Deposit

Duration of Deposit

The minimum and maximum duration of the deposit is 12 and 60 months respectively. The deposits are accepted for a tenure in multiples of one month only.

Online FD application