INSUBCONTINENT EXCLUSIVE:
Fixed deposits' investment return does not get affected by stock market volatility.State Bank of India (SBI), the largest lender of the
country, has recently hiked its fixed deposit or FD interest rates across various maturities
Other banks are also expected to follow suit
Fixed deposits are fixed income instruments, the investment return on which does not get affected by stock market volatility
FD interest rates are fixed over specific tenures
For example, currently, a one-year fixed deposit in SBI fetches an FD interest rate of 6.70 per cent while HDFC Bank interest rates on fixed
deposits of 1-year are fixed at 6.85 per cent
On the same tenure, ICICI Bank fixed deposit fetches an interest rate of 6.60 per cent while IDFC Bank guarantees a return of 7 per cent per
annum.Given below are latest FD interest rates (fixed deposit interest rates) offered by SBI, HDFC Bank, ICICI Bank and IDFC Bank, ahead of
RBI policy review:Fixed deposit interest rates (FD interest rates) of SBI on deposits below Rs 1 croreThe following FD interest rates are
applicable for general public on retail fixed deposits (below Rs 1 crore) with effect from Monday:(All figures in % per annum)TenorsExisting
28.05.2018Revised For Public w.e.f
30.07.20187 days to 45 days5.755.7546 days to 179 days6.256.25180 days to 210 days6.356.35211 days to less than 1 year6.46.41 year to less
India Offers Auto Debit Facility For Making NPS Contributions, Details Here)The following FD interest rates are applicable for senior
citizens on retail fixed deposits (below Rs 1 crore) with effect from 30.07.2018(All figures in % per annum)TenorsExisting for Senior
28.05.2018Revised for Senior Citizens w.e.f
30.07.20187 days to 45 days6.256.2546 days to 179 days6.756.75180 days to 210 days6.856.85211 days to less than 1 year6.96.91 year to less
Debit Card Three Types Of Charges That You May Have To Pay)Fixed Deposit interest rates of HDFC BankDomestic / NRO / NRE Fixed DepositsThe
general publicInterest rate for senior citizen7 - 14 days3.50%4.00%15 - 29 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 days6.35%6.85%6 months 4 days6.35%6.85%6 months 5 days- 9
months6.40%6.90%9 months 1 day- 9 months 3 days6.40%6.90%9 months 4 days6.40%6.90%9 months 5 days - 9 months 15 days6.40%6.90%9 months 16
days6.40%6.90%9 months 17 days < 1 Year6.40%6.90%1 Year6.85%7.35%1 year 1 day - 1 year 3 days6.65%7.15%1 year 4 days6.65%7.15%1 year 5 days
days to 45 days5.5646 days to 60 days5.756.2561 days to 90 days66.591 days to 120 days66.5121 days to 184 days66.5185 days to 289
days6.256.75290 days to less than 1 year6.571 year to 389 days6.67.1390 days to 2 years6.757.252 years 1 day upto 5 years77.55 years 1 day
upto 10 years77.55 Years Tax saver FD(Max upto Rs
1.50 lac)77.5(Source: icicibank.com)IDFC BankFD interest rates for domestic, NRE NRO deposits of less than Rs 1 crore from
days6.50%61 - 90 days6.50%91 - 180 days6.75%181 - 270 days7.00%271 - 365 days7.00%366 days7.50%367 - 400 days7.50%401 - 540 days7.50%541 -
730 days7.50%731 days8.00%732 - 1095 days8.00%3 years 1 Day - 5 years8.25%5 Year 1 Day - 8 Years8.25%8 Year 1 Day - 10 Years8.25%Tax Saver
Deposit (Only for Domestic Deposits)Rate of Interest (%p.a.) w.e.f July 3, 2018 Less than INR 1 Crore5 Years8.25%Post office fixed deposit
interest rates 2018India Post offers FD interest rates between 6.6-7.4 per cent per annum across fixed deposits with tenures ranging from
1-5-years.Company fixed depositsCompany fixed deposits usually offer a higher rate of return than bank fixed deposits but the risk
associated with company fixed deposits is also higher than bank fixed deposits.Meanwhile, the Reserve Bank of India (RBI) will release the
outcome of its third bi-monthly monetary review on Wednesday
Experts expect RBI to change its policy stance to hawkish.
