INSUBCONTINENT EXCLUSIVE:
higher interest rates than the deposits in savings accounts
Bank FDs can be started for specific period, which can be as short as 7 days
FD interest rates of most banks are higher for senior citizens as compared to those for the general public
The interest rates vary according to separate maturity baskets across different lenders
Investors can opt for a monthly, quarterly and annual interest payout
the facility of opening a fixed deposit.( How Recurring Deposit (RD) Interest Rates Offered By SBI, Post Office Compare)State Bank of India
(SBI)The 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 with effect from February 21,2019 according to the bank's website - kotak.com:Interest Rates for Domestic / NRO / NRE Fixed
Days3.50%4.00%15 - 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
Days6.75%7.25%181 Days to 269 Days6.75%7.25%270 Days6.75%7.25%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 Months7.30%7.80%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
applicable on deposits below Rs
1 crore with effect from February 1,2019 according to the bank's website - pnbindia.in:Interest rate applicable to domestic/NRO fixed
1 crore (with effect from 01.02.2019)Maturity period (term)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%111 days6.5%7%180 days to 270 Days6.35%6.85%222
days6.6%7.1%271 days to less than 1 year6.35%6.85%333 days7.1%7.6%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
benefit under Section 80C of the Income Tax Act, 1961.
