Bank fixed deposits (FD) are among the best bets of investors because of their fixed interest rates.
Bank fixed deposits (FD) are still among the best bets of investors because of their fixed interest rates. Because of guaranteed returns, FDs are popular among risk-averse investors, who do not want their earnings to be swayed by market movements. FDs, however, are of two types: regular and tax-saving. Partial withdrawal from regular FDs is allowed but tax-saving FDs require customers to lock in their savings for a minimum of five years. Leading banks like State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank offer the option of opening fixed deposit accounts.
(Also Read: Recurring Deposit (RD) Interest Rates - SBI Vs ICICI Bank Vs HDFC Bank Vs Post Offices)
Given below is a comparison of fixed deposit interest rates of PNB, HDFC Bank, ICICI Bank and SBI:
Fixed deposit interest rates of PNB
Interest rates on single domestic term or fixed deposits (pnbindia.in)
| Period | ROI (% p.a.) | For Senior Citizen ROI (% p.a.) |
| 7 to 14 days | 5.7 | 6.2 |
| 15 to 29days | 5.7 | 6.2 |
| 30 to 45 days | 5.7 | 6.2 |
| 46 to 90 days | 6.35 | 6.85 |
| 91 to 179 days | 6.35 | 6.85 |
| 180 days to 270 Days | 6.35 | 6.85 |
| 271 days to less than 1 year | 6.35 | 6.85 |
| 1 year | 6.6 | 7.1 |
| above 1 year & upto 3 years | 6.75 | 7.25 |
| above 3 year & upto 5 years | 6.25 | 6.75 |
Fixed deposit interest rates of HDFC Bank | Period | < 1 Crore |
| | Interest Rate | **Senior Citizen Rates |
| | (per annum) | (per annum) |
| 7 - 14 days | 3.50% | 4.00% |
| 15 - 29 days | 4.25% | 4.75% |
| 30 - 45 days | 5.50% | 6.00% |
| 46 - 60 days | 5.75% | 6.25% |
| 61 - 90 days | 5.75% | 6.25% |
| 91 days - 6 months | 5.75% | 6.25% |
| 6 mnths 1 day- 6 mnths 3 days | 6.00% | 6.50% |
| 6 mnths 4 days | 6.00% | 6.50% |
| 6 mnths 5 days- 9 mnths | 6.00% | 6.50% |
| 9 mnths 1 day- 9 mnths 3 days | 6.00% | 6.50% |
| 9 mnths 4 days | 6.00% | 6.50% |
| 9 months 5 days - 9 months 15 days | 6.00% | 6.50% |
| 9 months 16 days | 6.25% | 6.75% |
| 9 months 17 days < 1 Year | 6.25% | 6.75% |
| 1 Year | 6.85% | 7.35% |
| 1 year 1 day - 1 year 3 days | 6.50% | 7.00% |
| 1 year 4 days | 6.25% | 6.75% |
| 1 year 5 days - 1 Year 15 Days | 6.25% | 6.75% |
| 1 Year 16 days | 6.25% | 6.75% |
| 1 year 17 days - 2 Years | 7.00% | 7.50% |
| 2 years 1day - 2 Years 15 days | 7.00% | 7.50% |
| 2 Years 16 days | 7.00% | 7.50% |
| 2 years 17 days - 3 Years | 7.00% | 7.50% |
| 3 years 1day - 5 years | 7.00% | 7.50% |
| 5 Years 1 Day - 8 Years | 6.00% | 6.50% |
| 8 Years 1 Day - 10 Years | 6.00% | 6.50% |
Fixed deposit interest rates of ICICI Bank| Tenure Period | Rate of Interest (% p.a.) w.e.f December 11, 2017 |
| | General | Senior Citizen* |
| 7 days to 14 days | 4 | 4.5 |
| 15 days to 29 days | 4.25 | 4.75 |
| 30 days to 45 days | 5.5 | 6 |
| 46 days to 60 days | 5.75 | 6.25 |
| 61 days to 90 days | 6 | 6.5 |
| 91 days to 120 days | 6 | 6.5 |
| 121 days to 184 days | 6 | 6.5 |
| 185 days to 289 days | 6.25 | 6.75 |
| 290 days to less than 1 year | 6.5 | 7 |
| 1 year to 389 days | 6.6 | 7.1 |
| 390 days to 2 years | 6.75 | 7.25 |
| 2 years 1 day up to 5 years | 6.5 | 7 |
| 5 years 1 day upto 10 years | 6.5 | 7 |
| 5 Years Tax saver FD(Max upto Rs. 1.50 lac) | 6.5 | 7 |
State Bank of India (SBI) fixed deposit interest rates on deposits less than Rs 1 crore (according to sbi.co.in)SBI Bank Fixed Deposit (FD) Reinvestment Option - Rate Of Interest, Tenure And Other Details| Tenors | Existing for Public w.e.f. 28.02.2018 | Revised For Public w.e.f. 28.03.2018 | Existing for Senior Citizens w.e.f. 28.02.2018 | Revised for Senior Citizens w.e.f. 28.03.2018 |
| 7 days to 45 days | 5.75 | 5.75 | 6.25 | 6.25 |
| 46 days to 179 days | 6.25 | 6.25 | 6.75 | 6.75 |
| 180 days to 210 days | 6.35 | 6.35 | 6.85 | 6.85 |
| 211 days to less than 1 year | 6.4 | 6.4 | 6.9 | 6.9 |
| 1 year to less than 2 year | 6.4 | 6.4 | 6.9 | 6.9 |
| 2 years to less than 3 years | 6.5 | 6.6 | 7 | 7.1 |
| 3 years to less than 5 years | 6.5 | 6.7 | 7 | 7.2 |
| 5 years and up to 10 years | 6.5 | 6.75 | 7 | 7.25 |
fixed deposits
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