INSUBCONTINENT EXCLUSIVE:
Bank fixed deposits or FDs are fixed-income instruments with fixed rate of return.Bank fixed deposits or FDs are fixed-income instruments
which guarantee a fixed rate of return on investments
Bank fixed deposits should not be confused with corporate fixed deposits, the returns on which depend on a company's performance
Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, and Yes Bank offer the facility of opening a fixed deposit
These days bank fixed deposits can be created online
Thus, it is convenient for customers to create fixed deposits.How are FD interest rates determinedFixed deposit interest rates vary across
banks according to the tenor of a fixed deposit
Most banks offer fixed deposits starting from seven days up to a tenor of 10 years.Fixed deposit interest rates are subject to change from
time to time.How to get an interest payout on fixed deposit investmentsYou can opt for a monthly, quarterly and annual interest payout
You can also keep the entire amount as well as the interest income fixed to receive the proceeds on your FD investment at the time of
maturity.How to calculate FD interestBefore creating an FD, you can always check the amount of interest that will accrue on your FD
Most banks offer this facility on their websites.FD interest rates offered by SBI, HDFC Bank, ICICI Bank, Yes Bank:State Bank of IndiaThe
following FD interest rates are applicable on deposits below Rs
effect from October 6, according to the bank's website - hdfcbank.com:Periodlt; 1 CroreInterest Rate (per annum)Senior Citizen Rates (per
annum)7 - 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 mnths 1 day- 6 mnths 3 days6.75%7.25%6 mnths 4 days6.75%7.25%6 mnths 5 days- 9 mnths6.75%7.25%9 mnths 1 day- 9 mnths 3
days7.00%7.50%9 mnths 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 - 2 Years7.25%7.75%2 years 1day - 2 Years 15 days7.10%7.60%2 Years 16 days7.10%7.60%2 years 17 days - 3
FD interest rates are for deposits below Rs 1 crore, according to the bank's website - icicibank.com:Tenure PeriodRate of Interest (%
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 years77.55 Years Tax
Citizen***Interest RatesInterest 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
