INSUBCONTINENT EXCLUSIVE:
In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts.Fixed deposits (FDs) are secure
financial instruments offered by commercial banks, small finance banks, non-banking financial companies (NBFCs) and post offices, which
In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts
One can deposit a lump sum of money in fixed deposits for a specific period, ranging from seven days to 10 years
The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax
28.11.2018Revised for Senior Citizens w.e.f
28.11.20187 days to 45 days5.756.2546 days to 179 days6.256.75180 days to 210 days6.356.85211 days to less than 1 year6.46.91 year to less
than 2 year6.87.32 years to less than 3 years6.87.33 years to less than 5 years6.87.35 years and up to 10 years6.857.35Source:
1 crore according to bank's website kotak.com:Interest Rates for Domestic / NRO / NRE Fixed Deposits effective from December 10,
30 Days4.00%4.50%31 - 45 Days5.00%5.50%46 - 90 Days5.50%6.00%91 - 120 Days6.25%6.75%121 - 179 days6.25%6.75%180 Days7.00%7.50%181 Days to
269 Days7.00%7.50%270 Days7.00%7.50%271 Days to 363 Days7.00%7.50%364 Days7.00%7.50%365 Days to 389 Days7.30%7.80%390 Days (12 months 25
days)7.40%7.90%391 Days - Less than 23 Months7.25%7.75%23 Months7.25%7.75%23 months 1 Day- less than 2 years7.25%7.75%2 years- less than 3
years7.25%7.75%3 years and above but less than 4 years7.10%7.60%4 years and above but less than 5 years7.00%7.50%5 years and above upto and
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 upto
3 years7.583 years 1 day upto 5 years7.257.755 years 1 day upto 10 years77.55 Years Tax saver FD(Max upto Rs
1.50 lac)7.257.75Source: icicibank.com
