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. Yes Bank revised its interest rates with effect from May 2, 2019, according to the private sector lender'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. Yes Bank revised its interest rates with effect from May 2, 2019, according to the private sector lender'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. Yes Bank revised its interest rates with effect from May 2, 2019, according to the private sector lender'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 February 22, 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:
Yes Bank
The following FD interest rates are applicable on deposits below Rs. 2 crore from May 2, 2019 according to yesbank.in:
HDFC Bank
The following FD interest rates are applicable on deposits below Rs. 2 crore from April 11, 2019 according to hdfcbank.com:
ICICI Bank
The following FD interest rates are applicable on deposits below Rs. 2 crore from March 7, 2019 according to icicibank.com:
The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.
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