Fixed Deposit Interest Rates Paid By Banks On Deposits Below Rs. 2 Crore

A fixed deposit (FDs) is a financial instrument which offers guaranteed return. Financial institutions such as banks, post office, small finance banks and non-banking financial companies offer fixed deposit accounts. Customers can deposit money in fixed deposits for a specific period, ranging from seven days to 10 years. Banks usually pay a higher rate of interest to senior citizens than general public on fixed deposits. FD interest rates are subject to change from time to time. State Bank of India revised its interest rates with effect from May 9, 2019, according to the country's largest bank's website.

A fixed deposit (FDs) is a financial instrument which offers guaranteed return. Financial institutions such as banks, post office, small finance banks and non-banking financial companies offer fixed deposit accounts. Customers can deposit money in fixed deposits for a specific period, ranging from seven days to 10 years. Banks usually pay a higher rate of interest to senior citizens than general public on fixed deposits. FD interest rates are subject to change from time to time. State Bank of India revised its interest rates with effect from May 9, 2019, according to the country's largest bank's website.

Here's a comparison of fixed deposit (FD) interest rates paid by SBI, Punjab National Bank, HDFC Bank and ICICI Bank:

State Bank of India

The following FD interest rates are applicable on deposits below Rs. 2 crore with effect from May 9, 2019, according to sbi.co.in:

Punjab National Bank

The following FD interest rates are applicable on deposits up to Rs. 2 crore with effect from May 1, 2019, according to pnbindia.in:

HDFC Bank