INSUBCONTINENT EXCLUSIVE:
Interest rates on fixed deposits or term deposits are revised by commercial banks from time to time
Interest rate on an FD - which is a fixed income instrument - varies from one bank to another, depending upon factors such as MCLR (marginal
cost of funds-based lending rate), maturity period or term and the deposit amount
Major public sector banks such as State Bank of India and Punjab National Bank pay interest rates to the tune of 5.7-6.85 per cent per annum
on domestic fixed deposits up to Rs 1 crore, while their private sector peers like HDFC Bank and ICICI Bank pay anywhere between 3.5 per
days5.75%6.25%46 days to 179 days6.25%6.75%180 days to 210 days6.35%6.85%211 days to less than 1 year6.40%6.90%1 year to less than 2
year6.70%7.20%2 years to less than 3 years6.75%7.25%3 years to less than 5 years6.80%7.30%5 years and up to 10 years6.85%7.35%(Source:
days5.7%6.2%30 to 45 days5.7%6.2%46 to 90 days6.35%6.85%91 to 179 days6.35%6.85%180 days to 270 Days6.35%6.85%271 days to less than 1
year6.35%6.85%1 year6.75%7.25%above 1 year upto 3 years6.75%7.25%above 3 year upto 5 years6.25%6.75%above 5 years upto 10
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 days6.75%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 days7.00%7.50%9 months
4 days7.00%7.50%9 months 5 days - 9 months 15 days7.00%7.50%9 months 16 days7.00%7.50%9 months 17 days < 1 Year7.00%7.50%1 Year7.25%7.75%1
year 1 day - 1 year 3 days7.25%7.75%1 year 4 days7.25%7.75%1 year 5 days - 1 Year 15 Days7.25%7.75%1 Year 16 days7.25%7.75%1 year 17 days -
effect from August 14)TermGeneral publicSenior citizens7 days to 14 days4%4.5%15 days to 29 days4.25%4.75%30 days to 45 days5.5%6%46 days to
60 days5.75%6.25%61 days to 90 days6%6.5%91 days to 120 days6%6.5%121 days to 184 days6%6.5%185 days to 289 days6.5%7%290 days to less than
1 year6.75%7.25%1 year to 389 days6.75%7.25%390 days to 2 years7%7.5%2 years 1 day upto 5 years7.25%7.75%5 years 1 day upto 10
citizens - those above 60 years of age - compared to the general public.
