slice Small Finance Bank FD interest rates currently range from 3.50% to 7.75% p.a. for retail deposits below ₹3 Crores.
The bank offers both quarterly compounding FDs and monthly income FDs depending on whether your goal is wealth creation or regular cash flow.
The highest FD return is currently available on a special tenure of 18 Months 1 Day to 18 Months 2 Days, offering up to 7.75% p.a..
Below are the latest slice Small Finance Bank FD rates updated for May 2026.
| Quarterly Payout FD Tenure | General | Senior Citizen |
|---|---|---|
| 7 Days – 29 Days | 3.50% | 3.75% |
| 30 Days – 45 Days | 4.25% | 4.75% |
| 46 Days – 3 Months | 4.50% | 4.75% |
| 3 Months 1 Day – 6 Months | 5.25% | 5.50% |
| 6 Months 1 Day – 12 Months | 6.25% | 6.50% |
| 12 Months 1 Day – 18 Months | 7.25% | 7.25% |
| 18 Months 1 Day – 18 Months 2 Days | 7.75% | 7.75% |
| 18 Months 3 Days – 36 Months | 7.50% | 7.50% |
| 36 Months 1 Day – 60 Months | 7.00% | 7.25% |
| 60 Months 1 Day – 120 Months | 6.50% | 6.75% |
| Monthly Income FD Tenure | General | Senior Citizen |
|---|---|---|
| 7 Days – 29 Days | 3.45% | 3.69% |
| 30 Days – 45 Days | 4.18% | 4.67% |
| 46 Days – 3 Months | 4.42% | 4.67% |
| 3 Months 1 Day – 6 Months | 5.14% | 5.38% |
| 6 Months 1 Day – 12 Months | 6.11% | 6.35% |
| 12 Months 1 Day – 18 Months | 7.06% | 7.06% |
| 18 Months 1 Day – 18 Months 2 Days | 7.54% | 7.54% |
| 18 Months 3 Days – 36 Months | 7.30% | 7.30% |
| 36 Months 1 Day – 60 Months | 6.82% | 7.06% |
| 60 Months 1 Day – 120 Months | 6.35% | 6.58% |
📌 Important slice Bank FD Highlights
- The highest FD rate is available on the special 18 Months 1 Day to 18 Months 2 Days tenure
- Quarterly payout FDs are generally better for long-term wealth creation due to compounding
- Monthly payout FDs suit retirees and investors looking for regular income
- Deposits with scheduled banks are covered by DICGC insurance up to ₹5 Lakhs per depositor
- Premature FD closure may attract a 1% penalty on the applicable interest rate
💡 Expert Yield Tip: Don’t rely on auto-renewal. Manually select the 18 Months 1 Day special tenure and disable auto-renewal. Otherwise, the deposit may renew into a standard FD bucket paying around 7.50% instead of the peak 7.75% return.
📌 Quick Insight: The difference between 7.50% and 7.75% may look small, but on larger deposits and repeated compounding cycles, it can create a noticeable gap in maturity value.
⚠ Important: Before investing, decide whether you need monthly income or maximum maturity value. The FD type matters just as much as the interest rate.
You can also verify official deposit information through the DICGC Deposit Insurance Guide .
Read Below: FD Types • How To Open slice Bank FD • FD Calculator • Operational Rules • Fees & Charges
Key Features at a Glance
| Feature | Details |
|---|---|
| Minimum Deposit | ₹1,000 |
| Maximum Deposit | Up to ₹2.99 Crores |
| Tenure | 7 Days to 10 Years |
| Highest FD Rate | 7.75% p.a. |
| Extra Benefit | FD-backed Credit Card Facility |
| Premature Breakage Penalties | If you break your FD before maturity, the bank applies a 1.00% penalty |
| Loan Against FD | Instead of closing your FD early, you can use it to get a loan or overdraft of up to 90% of the deposit value. |
| PAN Requirement | Make sure your PAN is linked with the bank. Without a valid PAN, the TDS rate can increase from 10% to 20%. |
| Nominee Facility | Adding a nominee helps ensure a smoother claim process for family members in the future. |
📌 Worth Knowing:
Many investors use the Systematic Deposit Plan (SDP) to build FDs gradually every month. It offers the discipline of a recurring deposit while giving you the flexibility and control of individual fixed deposits.
Types of slice Bank Fixed Deposits
slice Small Finance Bank offers digital-first Fixed Deposits that can be opened directly through the slice app with a minimum investment of ₹1,000. These FDs are designed for savers looking for flexible tenures, competitive returns, and a completely online experience.
1. Cumulative Fixed Deposit
This option is ideal for investors focused on growing their money over time through compounding.
- Interest is compounded quarterly
- Earned interest is automatically reinvested
- Principal and interest are paid together at maturity
- Best suited for long-term wealth creation
2. Non-Cumulative Fixed Deposit
Designed for investors who need regular income from their deposits.
- Interest is not reinvested
- Monthly or quarterly payout options available
- Interest is credited directly to the linked account
- Suitable for retirees and income-focused investors
3. Traditional Lump-Sum Fixed Deposit
The standard FD option where you invest a one-time amount and earn fixed returns.
- Deposit once and lock the tenure
- Tenure from 7 days to 10 years
- Minimum deposit starts from ₹1,000
- Suitable for short-term and long-term goals
4. Systematic Deposit Plan (SDP)
A flexible FD option that works like a SIP.
- Set up automatic monthly deposits
- A new FD is created every month
- Helps build savings gradually
- Useful for salaried individuals and disciplined investors
5. Regular Citizen Fixed Deposit
Available to all eligible resident Indian customers.
- Open to individuals aged 18 years and above
- Earn up to 7.75% p.a.
- Multiple tenure options available
6. Senior Citizen Fixed Deposit
Created for customers aged 60 years and above.
- Additional interest benefit on eligible tenures
- Up to 0.50% extra interest
- Peak returns can reach 7.75% p.a.
- Suitable for retirement income planning
7. Callable Fixed Deposit
Provides flexibility in case you need funds before maturity.
- Premature withdrawal allowed
- Partial withdrawal facility may be available
- Interest is recalculated based on the actual tenure completed
8. Non-Callable Fixed Deposit
A fixed deposit with stricter withdrawal conditions.
- Premature withdrawal not permitted
- Usually meant for large-value deposits
- Offers better asset stability for the bank
How to Open a SLICE Fixed Deposit
Opening a Fixed Deposit is usually a quick process and can be done either through a banking app or by visiting a branch, depending on the bank and your preference.
1. Online FD Booking
If your bank offers mobile or internet banking, you can open an FD in just a few minutes:
- Log in to the bank’s mobile app or net banking portal.
- Navigate to the Deposits or Fixed Deposit section.
- Select Open Fixed Deposit.
- Choose the account from which the deposit amount will be debited.
- Enter your investment amount (many banks allow FDs starting from ₹1,000).
- Select the FD tenure that suits your goals.
- Choose your interest payout option:
- Cumulative
- Monthly Payout
- Quarterly Payout
- Add or verify nominee details.
- Review all information and confirm the request.
- Your FD receipt will be generated instantly.
2. Offline FD Booking Through a Branch
If you prefer face-to-face assistance, you can visit the nearest branch.
- Contact customer care or locate your nearest branch before visiting.
- Carry basic KYC documents such as Aadhaar Card and PAN Card.
- Decide the deposit amount and tenure.
- Fill out the FD application form.
- Submit the documents and fund the FD.
- Collect your Fixed Deposit Receipt (FDR) after processing.
3. Documents Usually Required
- Aadhaar Card
- PAN Card
- Passport-size Photograph
- Savings Account Details (if applicable)
4. When a Branch Visit May Be Better
- Opening a high-value FD
- Booking a Non-Callable FD
- Adding joint holders
- Discussing senior citizen benefits
- Exploring tax-saving FD options
📌 Worth Knowing: Whether you open an FD online or at a branch, always compare a few nearby tenures before investing. In many cases, a difference of just a few days or months can qualify you for a higher interest rate and improve your final maturity value.
Rates Compare: Slice Bank vs Competitor Slabs
Here’s how slice Small Finance Bank compares with other banks for retail fixed deposits below ₹3 crore.
| Bank | Regular Rate | Senior Citizen Rate | Best Tenure |
|---|---|---|---|
| slice Small Finance Bank | 7.75% p.a. | 7.75% p.a. | 18 Months 1 Day to 18 Months 2 Days |
| Utkarsh Small Finance Bank | 8.10% p.a. | 8.25% p.a. | 666 Days FD |
| ESAF Small Finance Bank | 7.75% p.a. | 8.25% p.a. | 2 Years to Below 3 Years |
| AU Small Finance Bank | 7.25% p.a. | 7.75% p.a. | 30 Months 1 Day to 36 Months |
| State Bank of India | 7.10% p.a. | 7.60% p.a. | 400 Days (Amrit Kalash) |
📌 Something Worth Comparing: Slice offers one of the better FD rates among digital-first banks, but banks like Utkarsh and ESAF currently provide higher returns on select tenures. Before investing, compare not just the interest rate but also the tenure, premature withdrawal rules, and convenience of managing the FD through the app.
slice Bank Fixed Deposit Calculator
The slice FD Calculator helps you estimate your maturity amount and total interest earnings before investing. Simply enter the deposit amount, tenure, and interest rate to get an instant estimate.
How Interest is Calculated
- FDs below 1 year: Calculated using simple interest.
- FDs of 1 year and above: Calculated using quarterly compounding, where interest is added back to the deposit every 3 months.
Quick Example
| Particular | Value |
|---|---|
| Deposit Amount | ₹1,00,000 |
| Interest Rate | 7.75% p.a. |
| Tenure | 18 Months 1 Day |
| Compounding | Quarterly |
| Estimated Interest Earned | ₹12,118 |
| Estimated Maturity Value | ₹1,12,118 |
📌 Worth Knowing: A cumulative FD usually gives a higher maturity amount than a regular payout FD because the interest keeps compounding throughout the tenure.
Frequently Asked Questions
What is the maximum tenure available for a slice fixed deposit?
The longest available time horizon allowed for an active term account is 10 years (120 months). You can pick any custom duration stretching from a minimum baseline of 7 days up to this maximum limit.
Can I track my fixed deposit interest earnings in real-time?
Yes. The mobile platform allows you to monitor your accumulated earnings, review active interest percentages, and inspect precise maturity timelines directly via the slice app user dashboard.
Should I choose callable or non-callable FD?
If cash chance >1%, pick callable for flexibility. If money is idle and sure, non-callable earns 0.25–0.50% extra interest over same tenures.
If I invest ₹10 lakh, how does premature withdrawal work?
In callable FD, early break deducts ~1% from interest. Example: ₹10L for 12 months at 6.25% becomes ~5.25% if broken early — still safer than savings.
How much extra do senior citizens earn on NESFB FD?
Senior citizens get up to +0.25% extra interest. On ₹50 lakh for 3 years, senior rate ~7.50% vs regular ~7.25% — ₹37,500 extra over 3 years.
How does the North East Small Finance Bank FD rates calculator actually help?
The FD rates calculator shows exact maturity amount. Example: ₹1 lakh at 7.75% for 18 months gives ~₹1,11,200, helping tier-3 investors plan safely.
Does slice Small Finance Bank require an existing bank account to book an FD?
No. Using integrated digital API frameworks, you can fulfill your KYC mandates, transfer initial principal values from external platforms, and book a high-yield fixed deposit without holding a primary savings bank account with slice.
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