INSUBCONTINENT EXCLUSIVE:
HDFC Bank and ICICI Bank last revised their FD interest rates on November 6 and November 15 respectively.State Bank of India (SBI), the
largest lender of the country, revised its fixed deposit (FD) interest rates with effect from today, the bank said on its website -
A fixed deposit (FDs) is a secure financial instrument offered by banks, which fetch guaranteed returns
In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts
Bank and ICICI Bank last revised their FD interest rates on November 6 and November 15 respectively
SBI hiked its FD interest rates ahead of the Reserve Bank of India's bi-monthly monetary policy review outcome on December 5.Here's a
comparison of interest rates offered by SBI, Punjab National Bank (PNB), 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 the bank's website - sbi.co.in:TenorsRevised For Public w.e.f
28.11.2018Revised for Senior Citizens w.e.f
28.11.20187 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
than 2 year6.87.32 years to less than 3 years6.87.33 years to less than 5 years6.87.35 years and up to 10 years6.857.35Punjab National
BankThe following FD interest rates are applicable on deposits below Rs
1 crore, according to the bank's website - pnbindia.in:Domestic FD rates for less Than Rs 1 crore from November 1, 2018PeriodGeneral
public (% p.a.)For Senior Citizen (% p.a.)7 to 14 days5.76.215 to 29 days5.76.230 to 45 days5.76.246 to 90 days6.356.8591 to 179
days6.356.85180 days to 270 Days6.356.85271 days to less than 1 year6.356.851 year6.757.25555 days6.857.35above 1 year upto 3
Citizen7 days to 14 days44.515 days to 29 days4.254.7530 days to 45 days5.5646 days to 60 days66.561 days to 90 days6.256.7591 days to 120
days6.256.75121 days to 184 days6.256.75185 days to 289 days6.57290 days to less than 1 year6.757.251 year to 389 days6.97.4390 days to 2
years7.17.62 years 1 day upto 3 years7.583 years 1 day upto 5 years7.257.755 years 1 day upto 10 years77.55 Years Tax saver FD (Max upto Rs
1.50 lac)7.257.75The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C
