Fixed deposit interest rates vary according to the tenor of a fixed deposit.Fixed deposits (FDs) are secure investment instruments offered by banks, non-banking financial companies (NBFCs) and post offices.
In a bank fixed deposit (FD), investor can park lump sum amount and avail features like assured returns and choice of interest payout.Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the option of opening a FD.
Fixed deposit interest rates, which are revised from time to time, vary according to the tenor of a fixed deposit.(Interest Rates, Maturity Period Of Income Tax-Saving Fixed Deposit)Private sector lender Axis Bank revised its fixed deposit (FD) rates with effect from March 20, 2019.
Private sector bank HDFC Bank and ICICI Bank had earlier this month revised their interest rates on fixed deposit.
Country's largest lender State Bank of India (SBI) revised its fixed deposit or FD interest rates with effect from February 22, 2019.State Bank of IndiaGiven below are the latest SBI FD interest rates on deposits below Rs2 crore:TenorsRevised For Public w.e.f.
22.02.2019Revised for Senior Citizens w.e.f.
22.02.20197 days to 45 days5.75%6.25%46 days to 179 days6.25%6.75%180 days to 210 days6.35%6.85%211 days to less than 1 year6.4%6.9%1 year to less than 2 year6.8%7.3%2 years to less than 3 years6.8%7.3%3 years to less than 5 years6.8%7.3%5 years and up to 10 years6.85%7.35%(Source: sbi.co.in)HDFC BankThe following FD interest rates are applicable on deposits below Rs2 crore from March 7, 2019 according to hdfcbank.com:PeriodInterest Rate(per annum)Senior Citizen Rates(per annum)7 - 14 days3.50%4.00%15 - 29 days4.25%4.75%30 - 45 days5.75%6.25%46 - 60 days6.25%6.75%61 - 90 days6.25%6.75%91 days - 6 months6.25%6.75%6 months 1 day- 6 months 3 days6.75%7.25%6 months 4 days6.75%7.25%6 months 5 days- 9 months6.75%7.25%9 months 1 day- 9 months 3 days7.10%7.60%9 months 4 days7.10%7.60%9 months 5 days - 9 months 15 days7.10%7.60%9 months 16 days7.10%7.60%9 months 17 days < 1 Year7.10%7.60%1 Year7.30%7.80%1 year 1 day - 1 year 3 days7.30%7.80%1 year 4 days7.30%7.80%1 year 5 days - 1 Year 15 Days7.30%7.80%1 Year 16 days7.30%7.80%1 year 17 days - 2 Years7.30%7.80%2 years 1day - 2 Years 15 days7.40%7.90%2 Years 16 days7.40%7.90%2 years 17 days - 3 Years7.40%7.90%3 years 1day - 5 years7.25%7.75%5 Years 1 Day - 8 Years6.50%7.00%8 Years 1 Day - 10 Years6.50%7.00%ICICI BankThe following FD interest rates are applicable on deposits below Rs.
2 crore according to icicibank.com:Rate of Interest applicable from March 7, 2019Tenure PeriodGeneralSenior Citizen7 days to 14 days44.515 days to 29 days4.254.7530 days to 45 days5.5646 days to 60 days66.561 days to 90 days6.256.7591 days to 120 days6.256.75121 days to 184 days6.256.75185 days to 289 days6.57290 days to less than 1 year6.757.251 year to 389 days6.97.4390 days to 2 years7.17.62 years 1 day up to 3 years7.583 years 1 day up to 5 years7.257.755 years 1 day up to 10 years77.55 Years Tax saver FD(Max upto Rs.
1.50 lac)7.257.75Axis BankGiven below are the latest interest rates paid by Axis Bank on fixed deposits (FD) up to Rs2 crore, according to bank's website- axisbank.comTenorRevised Rate7 days to 14 days3.50%15 days to 30 days4.00%31 days to Less than 2 months4.00%2 months to less than 3 months4.00%3 months to less than 6 months4.50%6 months to less than 1 year6.80%1 year to 18 months7.35%Above 18 months to less than 2 years"7.65% "2 years to less than 5 years7.50%5 years to less than 7 years7.50%7 years to up to 10 years6.40%Small finance banks (SFBs), meanwhile, offer higher interest rates on FDs as compared to the mainstream peers.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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