INSUBCONTINENT EXCLUSIVE:
Investment in a fixed deposit account earns a range of interest rates
The interest rate on deposit in a fixed deposit or FD account today depends on factors such as the bank, the amount of investment and the
While most banks today offer higher interest rates to senior citizens than the general public, the investor can choose from a number of
peers ICICI Bank, HDFC Bank and Axis Bank, pay an interest rate of 3.5-7.75 per cent on deposits of below Rs 1 crore in a fixed deposit of
maturity period up to one year.Here's a comparison of interest rates paid by SBI, HDFC Bank, ICICI Bank and Axis Bank on fixed deposits up
citizens7 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(Source:
days3.504.0015 - 29 days4.254.7530 - 45 days5.756.2546 - 60 days6.256.7561 - 90 days6.256.7591 days - 6 months6.256.756 mnths 1 day- 6 mnths
3 days6.757.256 mnths 4 days6.757.256 mnths 5 days- 9 mnths6.757.259 mnths 1 day- 9 mnths 3 days7.007.509 mnths 4 days7.007.509 months 5
days - 9 months 15 days7.007.509 months 16 days7.007.509 months 17 days < 1 Year7.007.501 Year7.257.751 year 1 day - 1 year 3 days7.257.751
publicSenior citizens7 days to 14 days44.515 days to 29 days4.254.7530 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 days6.57290 days to less than 1 year6.757.251 year to 389 days6.757.25390 days
to 2 years77.52 years 1 day upto 5 years7.257.755 years 1 day upto 10 years77.5(Source: icicibank.com)Axis BankMaturity periodInterest rate
investors, or those who are not willing to risk their money for an opportunity to earn higher returns.
