Standard Chartered declares aggressive deposit rates

7.75% for 121 days and 8.25% for 372 days

Standard Chartered Bank has come out with aggressive deposit rates which are the highest amongst foreign banks in India. Deposit rate for 121-179 days has been raised to 7.75% from 7.25%. For 180-260 days the deposit rate has been increased to 7.75% from 7%.    

Standard Chartered Bank’s deposit rates are also very attractive when compared to private and public sector domestic banks.

Standard Chartered Bank has also increased its base rate to 8%. 

Tenor	Existing Rates	Revised Rates
15-29 days	5.00%	5.00%
30-45 days	5.25%	5.25%
46-59 days	5.50%	5.50%
60-89 days	5.75%	5.75%
90-120 days	6.75%	6.75%
121-179 days	7.25%	7.75%
180 days <= 260 days	7.00%	7.75%
261 days*	7.00%	7.75%
262 days < 1 year	7.00%	7.00%
1 year <= 371 days	7.25%	7.25%
372 days*	8.25%	8.25%
373 days <18 months	7.25%	7.25%
>=18 Months < 2 years	7.50%	7.50%
2 years < 3 years	7.50%	7.50%
3 years < 4 years	7.50%	7.50%
4 years <= 5 years	7.50%	7.50%

 

Standard Chartered Bank in India
Standard Chartered Bank is India’s largest international bank with 94 branches in 37 cities, a combined customer base of over 2 million retail customers and more than 2,000 corporate and institutional relationships. Key businesses comprise Consumer Banking, including deposits, loans, wealth management, private banking and SME banking; and Wholesale Banking, which includes cash transaction banking, treasury, corporate finance and custody services. For more information, visit www.standardchartered.co.in