In a fixed deposit account, money is deposited for a specific time.Fixed deposits (FDs), also known as term deposits (TDs), are financial instruments provided by banks, post offices and non-banking financial companies (NBFCs).
Bank FDs provide investors with a higher rate of interest than a regular savings account.
In a fixed deposit account, money is deposited for a specific time.
Most banks today offer a maturity period ranging from seven days to 10 years for fixed deposits.
Top lenders such as State Bank of India (SBI), HDFC Bank and ICICI Bank, among others, offer fixed deposits.State Bank of India (SBI)The following FD interest rates are applicable on deposits below Rs.
2 crore with effect from February 22, 2019, according to sbi.co.in:PeriodGeneral public (% p.a.)Senior citizens (% p.a.)7 days to 45 days5.756.2546 days to 179 days6.256.75180 days to 210 days6.356.85211 days to less than 1 year6.406.901 year to less than 2 year6.807.302 years to less than 3 years6.807.303 years to less than 5 years6.807.305 years and up to 10 years6.857.35HDFC BankThe following FD interest rates are applicable on deposits below Rs.
2 crore from April 11, 2019, according to hdfcbank.com:PeriodGeneral public (% p.a.)Senior citizen (% p.a.)7 - 14 days3.504.0015 - 29 days4.254.7530 - 45 days5.756.2546 - 60 days6.256.7561 - 90 days6.256.7591 days - 6 months6.256.756 months 1 day- 6 months 3 days6.757.256 months 4 days6.757.256 months 5 days - 9 months6.757.259 months 1 day- 9 months 3 days7.107.609 months 4 days7.107.609 months 5 days - 9 months 15 days7.107.609 months 16 days7.107.609 months 17 days < 1 Year7.107.601 Year7.307.801 year 1 day - 1 year 3 days7.307.801 year 4 days7.307.801 year 5 days - 1 Year 15 Days7.307.801 Year 16 days7.307.801 year 17 days - 2 Years7.307.802 years 1 day - 2 Years 15 days7.407.902 Years 16 days7.407.902 years 17 days - 3 Years7.407.903 years 1 day - 5 years7.257.755 Years 1 Day - 8 Years6.507.008 Years 1 Day - 10 Years6.507.00ICICI BankThe following FD interest rates are applicable on deposits below Rs.
2 crore from March 7, 2019 according to icicibank.com:PeriodGeneral public (% p.a.)Senior citizens (% p.a.)7 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 up to Rs.
1.50 lac)7.257.75Axis BankThe following FD interest rates are applicable on deposits below Rs.
2 crore from April 22, 2019 according to axisbank.com:PeriodGeneral public (% p.a.)Senior citizen (% p.a.)7 days to 14 days3.53.515 days to 29 days3.53.530 days to 45 days5.55.546 days to 60 days6.256.2561 days < 3 months6.256.253 months < 4 months6.256.254 months < 5 months6.256.255 months < 6 months6.256.256 months < 7 months6.7577 months < 8 months6.7578 months < 9 months6.7579 months < 10 months7.17.3510 months < 11 months7.17.3511 months < 1 year7.17.351 year < 1 year 5 days7.37.951 year 5 days < 1 year 11 days7.37.951 year 11 days < 13 months7.37.9513 months < 14 months7.35814 months < 15 months7.37.9515 months < 16 months7.37.9516 months < 17 months7.37.9517 months < 18 months7.37.9518 Months < 2 years7.37.952 years < 30 months7.58.1530 months < 3 years7.583 years < 5 years7.257.755 years to 10 years77.5Yes BankThe following FD interest rates are applicable on deposits below Rs.
2 crore from March 5, 2019 according to yesbank.in:PeriodGeneral public (% p.a.)Senior citizens (% p.a.)7 to 45 days5.00%5.50%46 to 90 days6.25%6.75%3 months to < 6 months6.50%7.00%6 months to < 9 months6.85%7.35%9 months to < 1 Year7.15%7.65%1 Years to <= 10 years*7.25%7.75%12 Months 10 Days to 12 Months 20 Days7.50%8.00%18 Months 8 Days to 18 Months 18 Days7.85%8.35%36 Months 10 Days to 36 Months 20 Days7.50%8.00%Small finance banks, on the other hand, pay higher returns on fixed deposits compared to private and public sector banks.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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