SBM Bank FD
SBM Bank FD
Powered by SBM Bank
An RBI Regulated Full Scale Bank
MAAA
Deposit now
Overview
Interest Rates8.50% - 4.25% p.a
Tenure1 month - 120 months
Min. InvestmentRs. 5000.0
Lock inNo lock inWithdraw anytime
Senior Citizen Benefit
Individuals above the age of 60 are eligible to receive an extra 0.5% (over and above the standard rate).
SBM Bank FD
INDmoney has partnered with SBM Bank India to enable fixed deposits. Your fixed deposit is getting created with this bank.
Interest Rates
6.6% with instant withdrawal
Interest Rate Comparison
IND Super Saver FD gives the highest interest rate compare to bank FD's
Interest rate(%)
7.4%
SBM Bank FDSBM Bank FD
6.6%
HDFC Bank FDHDFC Bank FD
6.6%
ICICI FDICICI FD
3.5%
Savings AccountSavings Account
Safety & Trust
Assured Returns and Safe investment option since deposit upto Rs. 5 lacs in insured i.e even if the bank defaults, your money upto Rs. 5 lacs is 100% safe.
Assured Safety
The bank is covered under the DICGC insurance of RBI which gives assurance against default for an amount up to Rs. 5 lacs.
Instant Withdrawal
Easy, secured and instant withdrawal in under 2 mins
Trusted by 40,000+
people who have invested in SBM Bank FD
Why should you invest?
Highest FD Returns amongst all banks
Provides higher returns than liquid funds and saving accounts
FD Secured under DICGC
Fixed Deposit upto INR 5 lakhs is insured under DICGC scheme of RBI
Bank has never defaulted
Bank has a trustworthy record with over Rs.4,000 crore + fixed deposit investments
Seasoned CEO
The bank is led by Mr Sidharth Rath with over 17 years of experience leading Axis Bank
Experienced Leaders
Head of consumer & retail banking, Mr. Neeraj Sinha has a work experience of 18+ years in Retail Banking.
Frequently Asked Questions
Is it safe to invest in SBM Bank FD?
Fixed deposit upto Rs. 5 lacs is insured under the DICGC scheme of RBI.
Why should I Invest in SBM Bank FD?
SBM Bank fd offers you one of the highest interest rates amongst all banks in India. It offers you rate much higher than inflation with the safety of a bank.
Can I prematurely withdraw my FD?
You can digitally withdraw your FD anytime. Post successful processing, a withdraw button will be visible to you on your SBM Bank FD holding. FD will get withdrawn in 4 working days.
What happens to my FD incase INDmoney shuts shop?
The FD is getting created with SBM Bank India. INDmoney is only a facilitator. Even if INDmoney shuts shop, the FD will still remain with the bank. You can access it through net banking or by visiting the branch.
What interest will I get in case of a premature withdrawal?
1% less than the interest rate at the time of booking for the holding period of your fd at the time of withdrawal. For eg., if you booked a 1 year FD for Rs. 1 lac at a rate of 6.5% and you prematurely withdraw the FD 3 months later. You will receive the full Rs. 1 lac plus the interest. The interest will be whatever is the interest rate at the time of booking your fd from the bank for 3 months (let's say it's 4% p.a) - 1% p.a. Therefore the applicable interest will be 3% p.a. This interest amount will be subject to T.D.S deduction
Book your Fixed Deposit for higher interest rates upto 8.50%p.a
Fix your deposits with flexible plans of 1 year, 3 year and 5 year at best available interest rates
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