SIDBI Fixed Deposit Scheme

SIDBI_fixed_deposit_schemeSmall Industries Development Bank of India (SIDBI) is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India. It is the apex body and nodal agency for formulating, coordination and monitoring the policies and programme for promotion and development of small scale industries.

Salient features of SIDBI Fixed Deposit Scheme:

  • SIDBI’s Fixed Deposit Scheme is rated ‘AAA(FD)’ by CARE indicating highest safety of Investments
  • Nomination facility available on Single & Joint Deposits by Individuals
  • TDS exemption for income upto Rs. 5,000
  • 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
  • Minimum amount of Deposit – Rs.10,000 and in multiples of Rs.1,000 thereafter


Period (Months) General Senior Citizens
Interest (% p.a.)  Annualised Yield (% p.a.)  Interest (% p.a.)  Annualised Yield (% p.a.)
12 – 13 9.5 9.84 10 10.38
14 – 36 9.25 9.58 9.75 10.11
37 – 60 9 9.31 9.5 9.84

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