INSUBCONTINENT EXCLUSIVE:
From 7 days to 10 years, bank fixed deposits come with different maturity periods.Bank fixed deposits (FDs) are very popular among investors
looking for a guaranteed return from their investments
Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the facility of opening a fixed deposit
From 7 days to 10 years, bank fixed deposits come with different maturity periods
Investors can opt for a monthly, quarterly and annual interest payout
He/she can also keep the entire amount as well as the interest income fixed to receive the proceeds on the FD investment at the time of
following FD interest rates are applicable on deposits below Rs
1 crore, according to the bank's website - sbi.co.in: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:
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 crore, according to the bank's website - icicibank.com: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
1 crore, according to the bank's website - ucobank.com:Sr
No.Time PeriodRevised Rate w.e.f 11.01.201917 - 14 Days4.50%215 - 29 Days4.50%330 - 45 Days5.00%446 - 60 Days5.50%561 - 90 Days5.50%691 -
120 Days6.00%7121 - 150 Days6.00%8151-180 Days6.00%9181 to 364 days6.35%101 year6.60%11More than 1 year up to 2 Years6.50%12Above 2 Years up
are eligible for deduction in income tax under Section 80C of the Income Tax Act
In the interim Budget for 2019-20, the government proposed to raise the tax deducted at source (TDS) threshold on interest earned on bank
and post office deposits from Rs
The proposed TDS hike will come into effect from April 1, 2019.
