INSUBCONTINENT EXCLUSIVE:
One can deposit a money in fixed deposits for a specific period, ranging from seven days to 10 years.Fixed deposits or FDs are secure
financial instruments offered by public, private sector banks, small finance banks, non-banking financial companies (NBFCs) and post
offices, which fetch guaranteed returns
In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts
Fixed deposit interest rates are subject to change from time to time
The interest rates vary according to tenor of a fixed deposit
One can deposit a money in fixed deposits for a specific period, ranging from seven days to 10 years.Here's a comparison of interest rates
offered by SBI, Punjab National Bank, Axis Bank, HDFC Bank and ICICI Bank on fixed deposits up to Rs
1 crore:State Bank of IndiaGiven below are latest SBI FD interest rates on deposits below Rs
1 crore:TenorsRevised For Public w.e.f
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 years6.857.35(Source:
1 crore:Maturity period (term)Interest rate applicable to domestic/NRO fixed deposits up to Rs 1 crore (with effect from 01.01.2019)For
general publicFor senior citizens7 to 14 days5.75%6.25%15 to 29 days5.75%6.25%30 to 45 days5.75%6.25%46 to 90 days6.35%6.85%91 to 179
days6.35%6.85%180 days to 270 days6.35%6.85%271 days to less than 1 year6.35%6.85%1 year6.75%7.25%555 days (effective for a period of
01.11.2018 to 31.03.2019)6.85%7.35%above 1 year up to 3 years6.75%7.25%above 3 year up to 5 years6.25%6.75%above 5 years up to 10
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
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 -
rates are applicable on deposits below Rs
1 crore:Rate of Interest (% p.a.) w.e.f November 15, 2018Tenure 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 up to Rs
1.50 lakh)7.257.75(Source: icicibank.com)Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in
