Investors Relation

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.

Fixed Deposit Scheme

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

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.

Debenture Trustees

Deep Discount Bond Redemption

SIDBI has redeemed its Deep Discount Bonds Series-I on February 01, 2002 by exercising Call Option. Investors who are yet to redeem their bonds, may please contact us or our Registrar & Transfer Agent (RTA).

Details Of Debenture Trustees

Following are the contact details of the debenture trustees for SIDBI’s outstanding unsecured bond issuances under Rupee Borrowings:-
AXIS TRUSTEE SERVICES LIMITED * Ground Floor, E-Wing, Axis House, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai 400 025 Contact: Ms. Swati Borkar, Sr.Manager (D) 022-62260068 / (M) 98195 36889 Fax : 022-43253000 swati[dot]borkar[at]axistrustee[dot]com *Appointed as Successor Debenture Trustee in place All Bank Finance Limited (ABFL) w.e.f. November 30, 2017, since ABFL decided for relinquishment / resignation as Debenture Trustee (DT) and surrender of Trustee License to SEBI.

SBICAP TRUSTEE COMPANY LIMITED Apeejay House, 6th Floor, West Wing, 3, DinshawVachha Road, Churchgate, Mumbai 400 020 Contact: Shri Deepak Dhondye (D) 022-43025514 (M) 8879150014 Fax : 022-22040465 deepak[dot]dhondye[at]sbicaptrustee[dot]com

MILESTONE TRUSTEESHIP SERVICES PVT. LTD. 402 A, Hallmark Business Plaza, Sant Dnyaneshwar Marg, Opp. Guru Nanak Hospital Bandra (E), Mumbai-400 051. Contact: Vaishali Urkude Direct: +91 22 67167082 Fax: +91 22 67167077 Mobile: +91 9867799208 vaishali[at]milestonetrustee[dot]in