INSUBCONTINENT EXCLUSIVE:
Fixed deposit interest rates vary according to the tenor of a fixed deposit.Fixed deposits (FDs) are secure investment instruments offered
by commercial banks, small finance banks, non-banking financial companies (NBFCs) and post offices
The funds in FD accounts are held for a fixed term and offer choice of interest payout and assured returns
FDs have a specified date of maturity
Fixed deposit interest rates vary according to the tenor of a fixed deposit
Recently, ICICI Bank hiked FD interest rates on select maturities
Earlier this month, private sector bank HDFC Bank also revised their interest rates on fixed deposit .Private sector lender Federal Bank
revised its fixed deposit (FD) rates with effect from November 17, 2018
period (term)Interest rate with effect from July 30, 2018General publicSenior citizen7 days to 45 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 year6.4%6.9%1 year to less than 2 year6.7%7.2%2 years to less than 3
BankThe following FD interest rates are applicable on deposits below Rs
Citizen7 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 days6%6.5%61 days to 90 days6.25%6.75%91
days to 120 days6.25%6.75%121 days to 184 days6.25%6.75%185 days to 289 days6.5%7%290 days to less than 1 year6.75%7.25%1 year to 389
days6.9%7.4%390 days to 2 years7.1%7.6%2 years 1 day upto 3 years7.5%8%3 years 1 day upto 5 years7.25%7.75%5 years 1 day upto 10
years7%7.5%5 Years Tax saver FD(Max upto Rs
website - federalbank.co.in:PeriodLess than Rs 1 crore (General Public)7 days to 14 days3.50%15 days to 29 days4.50%30 days to 60
days5.00%61 days to 90 days5.70%91 days to 119 days6.00%120 days to less than 1 year6.50%1 year to 549 days7.00%550 days7.50%551 Days to 2
years7.00%Above 2 years7.25%Additional interest rate of 0.50 per cent is available for deposits of senior citizens for all tenors, noted
Federal Bank on it's website.
