FD Interest Rates Paid By Major Banks On Deposits Below 2 Crores

Fixed deposits (FDs) are secure investment instruments offered by banks and non-banking financial companies, which offer guaranteed returns. In a fixed deposit (FD) account, money can be invested for a higher rate of interest than savings accounts. According to financial experts, investing in fixed deposit is secure because the returns on FD are fixed across predetermined, specific periods of time. Lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the facility of opening a fixed deposit. Fixed deposit interest rates vary across banks according to the tenor of a fixed deposit. 

Fixed deposits (FDs) are secure investment instruments offered by banks and non-banking financial companies, which offer guaranteed returns. In a fixed deposit (FD) account, money can be invested for a higher rate of interest than savings accounts. According to financial experts, investing in fixed deposit is secure because the returns on FD are fixed across predetermined, specific periods of time. Lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the facility of opening a fixed deposit. Fixed deposit interest rates vary across banks according to the tenor of a fixed deposit. 

Given below are the latest interest rates offered by SBI, HDFC Bank and ICICI Bank on fixed deposits (FDs) below Rs 2 crore:

State Bank of India (SBI)

The following FD interest rates are applicable on deposits below Rs 2 crore, according to the bank's website - sbi.co.in:

HDFC Bank

The following FD interest rates are applicable on deposits below Rs 2 crore with effect from March 7, 2019, according to the bank's website - hdfcbank.com:

ICICI Bank

The following FD interest rates are applicable on deposits below Rs 2 crore, according to the bank's website - icicibank.com:

Fixed deposits or FDs are also offered by post offices. Post office time deposit (TD) or Fixed Deposit (FD) account offers interest rates across four maturities: one year, two years, three years, and five years, according to India Post's official website- indiapost.gov.in.