INSUBCONTINENT EXCLUSIVE:
Interest rates on fixed deposits vary according to separate maturity baskets across different banks.Bank fixed deposits (FDs) are
fixed-income instruments with a guaranteed rate of return on investments
They are popular among investors mainly because of the fixed rate of return that they offer, unlike say, stocks or bonds, the returns on
which fluctuate according to market volatility
Top lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank and UCO Bank offer the option of creating a fixed deposit account
Interest rates on fixed deposits vary according to separate maturity baskets across different banks.State Bank of India (SBI):Given below
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 years6.857.35Source: sbi.co.in(:
Looking To Invest In SBI Deposit Schemes Here are 10 Options For You)HDFC Bank:The following FD interest rates are applicable on deposits
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)7.257.75Source: icicibank.com(: Axis Bank Revises Fixed Deposit (FD) Interest Rates; What Other Lenders Pay)UCO Bank: Time
PeriodRevised Rate w.e.f 10.09.20187 - 14 Days4.50%15 - 29 Days4.50%30 - 45 Days5.00%46 - 60 Days5.50%61 - 90 Days5.50%91 - 120 Days6.00%121
- 150 Days6.00%151-180 Days6.00%181 to 364 days6.35%1 year6.70%More than 1 year upto 2 Years6.75%Above 2 Years upto 3 Years6.75%Above 3
Years and less than 5 Years6.75%5 years and above6.75%Source: ucobank.comPost offices across the country also offer fixed deposits, the
interest rates on which range from 6.9 per cent-7.8 per cent per annum.
