Here's A Comparison Of Fixed Deposit (FD) Interest Rates Offered By Key Banks

Fixed deposits (FDs) are secure investment instruments offered by banks, non-banking financial companies (NBFCs) and post offices. In a bank fixed deposit (FD), investor can park lump sum amount and avail features like assured returns and choice of interest payout. Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the option of opening a FD. Fixed deposit interest rates vary according to the tenor of a fixed deposit. Recently, ICICI Bank hiked FD interest rates on select maturities. Private sector bank HDFC Bank and state-run lender Punjab National Bank (PNB) had earlier this month revised their interest rates on fixed deposit.

Fixed deposits (FDs) are secure investment instruments offered by banks, non-banking financial companies (NBFCs) and post offices. In a bank fixed deposit (FD), investor can park lump sum amount and avail features like assured returns and choice of interest payout. Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the option of opening a FD. Fixed deposit interest rates vary according to the tenor of a fixed deposit. Recently, ICICI Bank hiked FD interest rates on select maturities. Private sector bank HDFC Bank and state-run lender Punjab National Bank (PNB) had earlier this month revised their interest rates on fixed deposit.

Public sector lender Vijaya Bank revised its fixed deposit (FD) rates with effect from November 12, 2018. State Bank of India, country's largest lender, last revised its FD interest rates with effect from July 30, 2018.

Given below are FD interest rates of SBI, HDFC Bank, ICICI Bank, PNB Bank and Vijaya Bank:

State Bank of India (SBI):

The following FD interest rates are applicable on deposits below Rs. 1 crore:

ICICI Bank

The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - icicibank.com:

HDFC Bank

The following FD interest rates are applicable on deposits below Rs. 1 crore from November 6, 2018, according to the bank's website - hdfcbank.com:

The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - pnbindia.in:

Vijaya Bank:

The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - vijayabank.com:

The additional interest rate for Senior Citizens is 0.50 per cent per annum and is applicable only for the deposits below Rs 1 crore from the period of 1 year to 5 years, Vijaya Bank noted on it's website.