INSUBCONTINENT EXCLUSIVE:
known as term deposits - up to Rs 2 crore
These banks provide a myriad of maturity options to retail customers for setting up fixed deposits, starting from seven days to as long as
All three banks provide slightly better returns to senior citizen customers
For example, the country's largest lender, SBI, pays interest at the rate of 4.50-6.25 to the general public and 5.00-6.75 to senior
citizens on these fixed deposits.SBI Fixed Deposit RatesState Bank of India offers the following FD interest rates on deposits below Rs
2 crore with effect from November 10, according to the lender's website - sbi.co.in:TermInterest RateGeneral PublicSenior CitizensSeven to
45 days4.50%5%46 to 179 days5.50%6%180 to 210 days5.80%6.30%211 days to less than one year5.80%6.30%One year to less than two
years6.25%6.75%Two years to less than three years6.25%6.75%Three years to less than five years6.25%6.75%Five years and up to 10
years6.25%6.75%(Source: sbi.co.in)Kotak Mahindra Bank Fixed Deposit RatesKotak Bank offers the following FD interest rates on deposits below
Rs 2 crore from November 6, 2019, according to its website - kotak.com:PeriodGeneral PublicSenior Citizen7 - 14 Days3.50%4.00%15 - 30
Days4.00%4.50%31 - 45 Days4.75%5.25%46 - 90 Days5.25%5.75%91 - 120 Days5.40%5.90%121 - 179 days5.40%5.90%180 Days5.80%6.30%181 Days to 269
Days5.90%6.40%270 Days6.00%6.50%271 Days to 363 Days6.25%6.75%364 Days6.40%6.90%365 Days to 389 Days6.40%6.90%390 Days (12 months 25
days)6.50%7.00%391 Days - Less than 23 Months6.45%6.95%23 Months6.45%6.95%23 months 1 Day- less than 2 years6.45%6.95%2 years- less than 3
years6.40%6.90%3 years and above but less than 4 years6.25%6.75%4 years and above but less than 5 years6.25%6.75%5 years and above up to and
inclusive of 10 years6.25%6.75%(Source: kotak.com)Bank of Baroda Fixed Deposit RatesBank of Baroda offers the following FD interest rates on
deposits below Rs 2 crore from November 1, 2019, according to the lender's website - bankofbaroda.in:PeriodGeneral PublicSenior Citizen7
days to 14 days4.5515 days to 45 days4.5546 days to 90 days4.755.2591 days to 180 days5.56181 days to 270 days5.956.45271 days &-above and
less than 1 year5.956.451 year6.46.9Above 1 year to 400 days6.46.9Above 400 days and up to 2 Years6.46.9Above 2 Years and up to 3
Years6.46.9Above 3 Years and up to 5 Years6.256.75Above 5 Years and up to 10 Years6.256.75(Source: bankofbaroda.in)Fixed deposit accounts
with a lock-in period of five or 10 years offer income tax benefits under Section 80C of the Income Tax Act.Get Breaking news, live
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