Fixed deposits (FD) provide interest rates that are usually higher than savings accounts. FDs offer good rates of return as their interest rates are fixed until a specific maturity date. Compared to other market-linked instruments like bonds and stocks, FDs offer security because their interest rates are not determined by volatile events. FDs are apt investors who are looking for a fixed income and want to stay away from market-linked risks. Largest lender State Bank of India (SBI), and the two biggest private sector lenders - ICICI Bank and HDFC Bank - offer attractive interest rates. On a one-year fixed deposit of less than Rs 1 crore, SBI offers interest rate of 6.4 per cent, ICICI Bank 6.6 per cent, and HDFC Bank 6.75 per cent. However, small finance bank Utkarsh Small Finance Bank offers 8.25 per cent interest rate on a fixed deposit of less than Rs 1 crore for one year - higher than all the three key lenders.
(Also Read: Fixed Deposit Interest Rates Of These Banks Are As High As 8.75%)
Here are the interest rates on fixed deposits offered by Utkarsh Small Finance Bank, SBI, ICICI Bank, HDFC Bank:
Fixed deposit interest rates of Utkarsh Small Finance Bank
For fixed deposits less than Rs 1 crore interest rates, according to the bank's official website, utkarsh.bank, are as follows:
Fixed deposits (FD) provide interest rates that are usually higher than savings accounts. FDs offer good rates of return as their interest rates are fixed until a specific maturity date. Compared to other market-linked instruments like bonds and stocks, FDs offer security because their interest rates are not determined by volatile events. FDs are apt investors who are looking for a fixed income and want to stay away from market-linked risks. Largest lender State Bank of India (SBI), and the two biggest private sector lenders - ICICI Bank and HDFC Bank - offer attractive interest rates. On a one-year fixed deposit of less than Rs 1 crore, SBI offers interest rate of 6.4 per cent, ICICI Bank 6.6 per cent, and HDFC Bank 6.75 per cent. However, small finance bank Utkarsh Small Finance Bank offers 8.25 per cent interest rate on a fixed deposit of less than Rs 1 crore for one year - higher than all the three key lenders.
(Also Read: Fixed Deposit Interest Rates Of These Banks Are As High As 8.75%)
Here are the interest rates on fixed deposits offered by Utkarsh Small Finance Bank, SBI, ICICI Bank, HDFC Bank:
Fixed deposit interest rates of Utkarsh Small Finance Bank
For fixed deposits less than Rs 1 crore interest rates, according to the bank's official website, utkarsh.bank, are as follows:
Fixed deposits (FD) provide interest rates that are usually higher than savings accounts. FDs offer good rates of return as their interest rates are fixed until a specific maturity date. Compared to other market-linked instruments like bonds and stocks, FDs offer security because their interest rates are not determined by volatile events. FDs are apt investors who are looking for a fixed income and want to stay away from market-linked risks. Largest lender State Bank of India (SBI), and the two biggest private sector lenders - ICICI Bank and HDFC Bank - offer attractive interest rates. On a one-year fixed deposit of less than Rs 1 crore, SBI offers interest rate of 6.4 per cent, ICICI Bank 6.6 per cent, and HDFC Bank 6.75 per cent. However, small finance bank Utkarsh Small Finance Bank offers 8.25 per cent interest rate on a fixed deposit of less than Rs 1 crore for one year - higher than all the three key lenders.
(Also Read: Fixed Deposit Interest Rates Of These Banks Are As High As 8.75%)
Here are the interest rates on fixed deposits offered by Utkarsh Small Finance Bank, SBI, ICICI Bank, HDFC Bank:
Fixed deposit interest rates of Utkarsh Small Finance Bank
For fixed deposits less than Rs 1 crore interest rates, according to the bank's official website, utkarsh.bank, are as follows:
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