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All new floating rate retail loans (housing, auto, etc.) and loans to Micro, Small and Medium Enterprises are linked to Repo Rate. Applicable Repo Rate from 01st March 2023 is revised to 6.50% with a monthly reset. Marginal Cost of funds based Lending Rate (MCLR) for different tenors . MCLRs effective from 20th October 2024, please click here ...
South Indian Bank. Interest Rate. DOMESTIC TERM DEPOSITS (Also applicable for NRO Accounts) Interest rate on Domestic Term Deposits w.e.f 21st October 2024. * Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen.
Nov 12, 2024 · South Indian Bank offers FD interest rates of 2.90-7.40% p.a. to the general public and 3.40-7.90% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on South Indian Bank Tax Saving FDs is 6.00% p.a. for the general public and 6.50% p.a. for senior citizen depositors for tenures of 5 years.
South Indian Bank FD Interest Rates 2024 - Get revised South Indian Bank fixed deposit rates including eligibility, documents required, how to open, senior citizens rates and more.
South Indian Bank Fixed Deposit Interest Rates 2024 -Compare interest rates and use South Indian Bank fd calculator to calculate the maturity amount.
Interest up to Rs.40,000 per year for general residents and Rs.50,000 per year for senior citizens are exempted from Tax Deducted at Source (TDS) from 1 April 2019. Citizens can take loans on FDs up to 90% of the deposit amount. Investments in the ‘SIB Tax Gain 2006’ scheme are tax-exempt under Section 80C of the Income Tax Act, 1961.
South Indian Bank Fixed deposit interest rates for NRE below Rs.2 crore. Updated on Fri Oct 11 2024. South Indian Bank 5 year Tax Saving Rate. Updated on Fri Oct 11 2024. **The Rates quoted above are as per the respective Bank's Website.
