INSUBCONTINENT EXCLUSIVE:
Bank fixed deposits (FD) are among the best bets of investors because of their fixed interest rates.
Bank fixed deposits (FD) are still among the best bets of investors because of
their fixed interest rates
Because of guaranteed returns, FDs are popular among risk-averse investors, who do not want their earnings to be swayed by market movements
FDs, however, are of two types: regular and tax-saving
Partial withdrawal from regular FDs is allowed but tax-saving FDs require customers to lock in their savings for a minimum of five years
Leading banks like State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank offer the option of opening fixed deposit
accounts.(: Recurring Deposit (RD) Interest Rates - SBI Vs ICICI Bank Vs HDFC Bank Vs Post Offices)Given below is a comparison of fixed
deposit interest rates of PNB, HDFC Bank, ICICI Bank and SBI:Fixed deposit interest rates of PNB Interest rates on single domestic term or
90 days6.356.8591 to 179 days6.356.85180 days to 270 Days6.356.85271 days to less than 1 year6.356.851 year6.67.1above 1 year upto 3
years6.757.25above 3 year upto 5 years6.256.75Fixed deposit interest rates of HDFC Bank Domestic / NRO / NRE term deposits
45 days5.50%6.00%46 - 60 days5.75%6.25%61 - 90 days5.75%6.25%91 days - 6 months5.75%6.25%6 mnths 1 day- 6 mnths 3 days6.00%6.50%6 mnths 4
days6.00%6.50%6 mnths 5 days- 9 mnths6.00%6.50%9 mnths 1 day- 9 mnths 3 days6.00%6.50%9 mnths 4 days6.00%6.50%9 months 5 days - 9 months 15
days6.00%6.50%9 months 16 days6.25%6.75%9 months 17 days < 1 Year6.25%6.75%1 Year6.85%7.35%1 year 1 day - 1 year 3 days6.50%7.00%1 year 4
Years 1 Day - 10 Years6.00%6.50%Fixed deposit interest rates of ICICI BankInterest rates on domestic, NRO NRE deposits (Less than Rs 1
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 days6.256.75290 days to less than 1 year6.571 year to 389 days6.67.1390 days to 2 years6.757.252 years 1 day up
to 5 years6.575 years 1 day upto 10 years6.575 Years Tax saver FD(Max upto Rs
1.50 lac)6.57State Bank of India (SBI) fixed deposit interest rates on deposits less than Rs 1 crore (according to sbi.co.in)(: SBI Bank
28.02.2018Revised For Public w.e.f
28.03.2018Existing for Senior Citizens w.e.f
28.02.2018Revised for Senior Citizens w.e.f
28.03.20187 days to 45 days5.755.756.256.2546 days to 179 days6.256.256.756.75180 days to 210 days6.356.356.856.85211 days to less than 1
year6.46.46.96.91 year to less than 2 year6.46.46.96.92 years to less than 3 years6.56.677.13 years to less than 5 years6.56.777.25 years
and up to 10 years6.56.7577.25Bank fixed deposits offer a higher interest rate than savings accounts.
