INSUBCONTINENT EXCLUSIVE:
Banks keep on revising their FD interest rates from time to time.Fixed deposits (FDs) are secure financial instruments that offer guaranteed
In a fixed deposit account, money is deposited for a specific time
Most banks today offer a maturity period ranging from seven days to 10 years for fixed deposits
Money deposited in a savings account usually fetches an interest rate to the tune of 3-4 per cent
Fixed deposits, however, offer much higher interest rates compared to savings accounts
Lenders also pay slightly higher interest rates on fixed deposits to senior citizens, compared to those applicable to the general public
Banks keep on revising their FD interest rates from time to time.Here is a comparison of interest rates offered by State Bank of India
(SBI), Bandhan Bank, IndusInd Bank, HDFC Bank and ICICI Bank on fixed deposits up to Rs
1 crore:State Bank of India (SBI)The following FD interest rates are applicable on deposits below Rs 1 crore, according to State Bank of
India's website - sbi.co.in:TenorsRevised For Public w.e.f
30.07.2018Revised 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
bandhanbank.comTenorRate7 days to 14 days3.50%15 days to 30 days4.00%31 days to Less than 2 months4.00%2 months to less than 3 months4.00%3
months to less than 6 months4.50%6 months to less than 1 year6.80%1 year to 18 months7.25%Above 18 months to less than 2 years7.55%2 years
to less than 5 years7.40%5 years to less than 7 years6.40%7 years to up to 10 years6.40%Senior citizens will get additional 0.75 per cent
over and above the given slab rates, said Bandhan Bank.IndusInd BankThe following FD interest rates are applicable on deposits below Rs 1
above the card rates is applicable for term deposits of senior citizens for value below Rs
according to the bank's website - hdfcbank.com:Period< 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 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 -
2 Years7.25%7.75%2 years 1 day - 2 Years 15 days7.10%7.60%2 Years 16 days7.10%7.60%2 years 17 days - 3 Years7.10%7.60%3 years 1 day - 5
on deposits below Rs 1 crore, according to the bank's website - icicibank.com:Tenure PeriodRate of Interest (% p.a.) w.e.f August 14,
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 up to 5 years7.257.755 years 1 day up to 10 years77.55 Years Tax saver FD (Max up to Rs
