Investors Relation

Fixed Deposit Scheme

KEY POINTS

  • SIDBI's Fixed Deposit Scheme is rated 'AAA(FD)' by CARE indicating highest safety with regard to payment of principal and interest.
  • The detailed terms of the scheme are enumerated in the application forms which may be obtained from any of the offices of SIDBI.

Fixed Deposit Scheme

Eligible Depositors
  • Resident Individual
  • Minors.
  • HUFs.
  • Partnership firms
  • Companies
  • Bodies Corporate
  • Societies
  • Association of Persons
  • Nomination facility available on Single & Joint Deposits by Individuals.
  • TDS exemption for income upto Rs. 5000/-. Eligible investments for religious/ charitable trusts u/s 11(5) of I.T. Act,1961
  • Interest/ Redemption Cheques will be encashable “at par” in Depositor’s City/ Town.
  • 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.

Duration of Deposit

The minimum and maximum duration of the deposit is 12 and 60 months respectively. The deposits are accepted for a tenure in multiples of one month only.

Debenture Trustees

Deep Discount Bond Redemption

SIDBI has redeemed its Deep Discount Bonds Series-I on February 01, 2002 by exercising Call Option. Investors who are yet to redeem their bonds, may please contact us or our Registrar & Transfer Agent (RTA).

Details Of Debenture Trustees

Following are the contact details of the debenture trustees for SIDBI’s outstanding unsecured bond issuances under Rupee Borrowings:-
AXIS TRUSTEE SERVICES LIMITED * Ground Floor, E-Wing, Axis House, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai 400 025 www.axistrustee.com Contact: Ms. Swati Borkar, Sr.Manager (D) 022-62260068 / (M) 98195 36889 Fax : 022-43253000 swati[dot]borkar[at]axistrustee[dot]com *Appointed as Successor Debenture Trustee in place All Bank Finance Limited (ABFL) w.e.f. November 30, 2017, since ABFL decided for relinquishment / resignation as Debenture Trustee (DT) and surrender of Trustee License to SEBI.

SBICAP TRUSTEE COMPANY LIMITED Apeejay House, 6th Floor, West Wing, 3, DinshawVachha Road, Churchgate, Mumbai 400 020 www.sbicaptrustee.com Contact: Shri Deepak Dhondye (D) 022-43025514 (M) 8879150014 Fax : 022-22040465 deepak[dot]dhondye[at]sbicaptrustee[dot]com

MILESTONE TRUSTEESHIP SERVICES PVT. LTD. 402 A, Hallmark Business Plaza, Sant Dnyaneshwar Marg, Opp. Guru Nanak Hospital Bandra (E), Mumbai-400 051. Contact: Vaishali Urkude Direct: +91 22 67167082 Fax: +91 22 67167077 Mobile: +91 9867799208 vaishali[at]milestonetrustee[dot]in