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