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.
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.
Given below are fixed deposit or FD interest rates of SBI, HDFC Bank, ICICI Bank and UCO Bank:
State Bank of India (SBI):
Given below are the latest SBI FD interest rates on deposits below Rs 1 crore:
HDFC Bank:
The following FD interest rates are applicable on deposits below Rs 1 crore from November 6, 2018:
ICICI Bank:
The following FD interest rates are applicable on deposits below Rs 1 crore:
UCO Bank:
Post 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.
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