Fixed Deposit Interest Rates: Here's What Post Office And Banks Pay

Fixed Deposits (FDs) are fixed-income instruments, the returns on which are determined at the time of initiating the deposit. FDs are of two types: with premature withdrawal facility and without premature without facility. The fixed deposits which offer premature withdrawal facility do not offer income tax benefits. On the other hand, FDs without a premature withdrawal facility offer income tax benefits but require a lock-in period of five or ten years. Fixed deposit accounts can be created by visiting a bank branch or even online. These days, most banks offer the facility of opening fixed deposits online..Given below is a comparison of fixed deposit or FD interest rates offered by SBI, HDFC Bank, ICICI Bank, and Post office:.State Bank of India (SBI).The following FD interest rates are applicable on deposits below Rs. 2 crore with effect from May 9, 2019, according to bank's website:.table.table1 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.table1 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.table1 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.table1 th:nth-child(1), table.table1 td:nth-child(1) { width: 40%; text-align: left; } table.table1 th:nth-child(1) { width: 40%; text-align: center; } table.table1 th:last-child, table.table1 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.table1 { display: table; min-width: 280px; max-width: 100%; } table.table1 th, table.table1 td, table.table1 th:nth-child(n+1), table.table1 td:nth-child(n+1) { display: table-cell; line-height: normal; } . Period General public (% p.a.) Senior citizens (% p.a.) 7 days to 45 days 5.75 6.25 46 days to 179 days 6.25 6.75 180 days to 210 days 6.35 6.85 211 days to less than 1 year 6.4 6.9 1 year to less than 2 year 7 7.5 2 years to less than 3 years 6.75 7.25 3 years to less than 5 years 6.7 7.2 5 years and up to 10 years 6.6 7.1 .(As mentioned on SBI's website).HDFC Bank.HDFC Bank pays the following interest rates on fixed deposits up to Rs 2 crore, with effect from June 12, 2019, according to the bank's website:.table.tble_wrap2 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap2 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap2 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_wrap2, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_wrap2, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap2 th { padding: 4px; } table.tble_wrap2 td { padding: 4px; } /*table.tble_wrap2 th:nth-child(4), table.tble_wrap2 td:nth-child(4), table.tble_wrap2 th:nth-child(5), table.tble_wrap2 td:nth-child(5), table.tble_wrap2 th:nth-child(6), table.tble_wrap2 td:nth-child(6), table.tble_wrap2 th:nth-child(7), table.tble_wrap2 td:nth-child(7) { display: none; }*/ } /*Media Query END*/ . Period < 2 Crore General public (% p.a.) Senior citizens (% p.a.) 7 - 14 days 3.50 4.00 15 - 29 days 4.25 4.75 30 - 45 days 5.75 6.25 46 - 60 days 6.25 6.75 61 - 90 days 6.25 6.75 91 days - 6 months 6.25 6.75 6 mnths 1 day- 6 mnths 3 days 6.75 7.25 6 mnths 4 days 6.75 7.25 6 mnths 5 days- 9 mnths 6.75 7.25 9 mnths 1 day- 9 mnths 3 days 7.10 7.60 9 mnths 4 days 7.10 7.60 9 months 5 days - 9 months 15 days 7.10 7.60 9 months 16 days 7.10 7.60 9 months 17 days < 1 Year 7.10 7.60 1 Year 7.30 7.80 1 year 1 day - 1 year 3 days 7.30 7.80 1 year 4 days 7.30 7.80 1 year 5 days - 1 Year 15 Days 7.30 7.80 1 Year 16 days 7.30 7.80 1 year 17 days - 2 Years 7.30 7.80 2 years 1day - 2 Years 15 days 7.40 7.90 2 Years 16 days 7.40 7.90 2 years 17 days - 3 Years 7.40 7.90 3 years 1day - 5 years 7.25 7.75 5 Years 1 Day - 8 Years 6.50 7.00 8 Years 1 Day - 10 Years 6.50 7.00 .ICICI Bank.The following FD interest rates are applicable on deposits below Rs. 2 crore from March 7, 2019, according to icicibank.com:. Period General public (% p.a.) Senior citizens (% p.a.) 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 6 6.5 61 days to 90 days 6.25 6.75 91 days to 120 days 6.25 6.75 121 days to 184 days 6.25 6.75 185 days to 289 days 6.5 7 290 days to less than 1 year 6.75 7.25 1 year to 389 days 6.9 7.4 390 days to 2 years 7.1 7.6 2 years 1 day up to 3 years 7.5 8 3 years 1 day up to 5 years 7.25 7.75 5 years 1 day up to 10 years 7 7.5 5 Years Tax saver FD (Max up to Rs. 1.50 lac) 7.25 7.75 .table.tble_icici { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; margin-bottom:20px; } table.tble_icici th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_icici td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table.tble_icici, thead, tbody, th, td, tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; } table.tble_icici, thead, tbody, th, td, tr { font-size: 14px; } table.tble_icici th { padding: 4px; } table.tble_icici td { padding: 4px; } .itctc_main { overflow-x:scroll;overflow-y:hidden;} } /*Media Query END*/ .India Post.Post office FD account offers interest rates across four maturities: one year, two years, three years, and five years. Given below are the FD interest rates offered by post office:.table.all-india { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.all-india th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.all-india td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.all-india th:nth-child(1), table.all-india td:nth-child(1) { width: 40%; text-align: left; } table.all-india th:last-child, table.all-india td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.all-india { display: table; min-width: 280px; max-width: 100%; } table.all-india th, table.all-india td, table.all-india th:nth-child(n+1), table.all-india td:nth-child(n+1) { display: table-cell; line-height: normal; } . Period Rate (% p.a.) 1 year time deposit (fixed deposit) account 7 2 year time deposit (fixed deposit) account 7 3 year time deposit (fixed deposit) account 7 5 year time deposit (fixed deposit) account 7.80 .(As mentioned on India Post's website).In case of India Post, the interest is payable annually but is calculated quarterly.

Fixed Deposit Interest Rates: Here's What Post Office And Banks Pay

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