INSUBCONTINENT EXCLUSIVE:
Fixed deposits offer much higher interest rates than savings accounts.Fixed deposits (FDs) are secure financial instruments, which offer
FD interest rates vary according to the tenure of the fixed deposit and across banks
In a fixed deposit account, money is deposited for a specific time, which can vary from 7 days to ten years
Fixed deposits offer much higher interest rates than savings accounts
The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax
Act.Here is a comparison of fixed deposit (FD) rates offered by State Bank of India (SBI), HDFC Bank, Punjab National Bank (PNB), and Yes
1 crore):Revised from July 30, 2018:TermInterest rate for general public w.e.f
30.07.2018Interest rate for senior citizens w.e.f
30.07.20187 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 year6.77.22 years to less than 3 years6.757.253 years to less than 5 years6.87.35 years and up to 10 years6.857.35.FD interest rates
offered by Yes Bank:RESIDENT FIXED DEPOSIT INTEREST RATES (% p.a)PeriodRates for < 1 Crore w.e.f 5th June 2018Regular Interest RatesSenior
Citizen Interest Rates7 to 45 days5.00%5.50%46 to 90 days7.00%7.50%3 months to < 6 months6.90%7.40%6 months to < 9 months6.70%7.20%9 months
to < 1 Year6.70%7.20%1 Years to
