FIXED DEPOSIT SCHEME - Small Industries Development Bank of India

Toll Free Number: 180-022-6753

AAA (FD) rated

Invest with confidence in SIDBI fixed deposits

AAA(FD)-rated safety, up to 6.61% effective annual yield on quarterly compounding, and 12–60 month tenures – with an additional 50 bps for senior citizens.

Nomination facility Broad eligibility ECS credit of interest

Eligible for resident individuals, HUFs, partnership firms, companies, societies and other approved categories.
Deposits are available for 12 to 60 months, accepted in one-month multiples.

Current rates

12–24 months

Effective annual yield 6.45%

6.30%

25–36 months

Effective annual yield 6.58%

6.40%

37–60 months

Effective annual yield 6.61%

6.45%

Senior citizens: +50 bps

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.

Apply Now

Eligible Depositors

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

Features

Nomination facility available on Single & Joint Deposits by Individuals.
TDS exemption for income upto Rs. 10,000/- as per Table 393(5) (i) (ii & (iii) of I.T. Act,2026. Eligible investments for religious/ charitable trusts u/s 350 along with schedule XVI of I.T. Act, 2026
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

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.