Bank Fixed Deposit (FD): Interest Rates For Regular, Senior Citizens Compared

Bank fixed deposits (FDs) are fixed-income instruments with a guaranteed rate of return on investments. Investing in a fixed deposit is secure because the returns are fixed across predetermined, specific periods of time. Some fixed deposits also offer the benefit of income tax deduction. However, bank fixed deposits which come with a premature withdrawal facility do not offer income tax deduction benefits. Fixed deposit accounts which do not offer a premature withdrawal facility offer this benefit but have a lock-in period..Top lenders like State Bank of India (SBI), ICICI Bank and HDFC 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 interest rates offered by SBI, ICICI Bank, HDFC Bank, Bank of Baroda and Canara Bank on fixed deposits up to Rs 1 crore:.State Bank of India (SBI):.The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - sbi.co.in: table.sbi { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbi th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.sbi td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.sbi th:nth-child(1), table.sbi td:nth-child(1) { width: 40%; text-align: left; } table.sbi th:last-child, table.sbi td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbi { display: table; min-width: 280px; max-width: 100%; } table.sbi th, table.sbi td, table.sbi th:nth-child(n+1), table.sbi td:nth-child(n+1) { display: table-cell; line-height: normal; } table.sbi th:last-child, table.sbi td:last-child { border-right: 0; } . Tenors Revised For Public w.e.f. 28.11.2018 Revised for Senior Citizens w.e.f. 28.11.2018 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 6.8 7.3 2 years to less than 3 years 6.8 7.3 3 years to less than 5 years 6.8 7.3 5 years and up to 10 years 6.85 7.35 (Source: sbi.co.in) .ICICI Bank.The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - icicibank.com:. table.tbl_1 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table.tbl_1 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tbl_1 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table.tbl_1 td:last-child, table th:last-child { border-right: none; } /*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.tbl_1 thead, table.tbl_1 tbody, table.tbl_1 th, table.tbl_1 td, table.tbl_1 tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { table.tbl_1 thead, table.tbl_1 tbody, table.tbl_1 th, table.tbl_1 td, table.tbl_1 tr { font-size: 14px; } table.tbl_1 th { padding: 4px; } table.tbl_1 td { padding: 4px; } } /*Media Query END*/ . Maturity Period Interest rates (per annum) Term deposits of less than Rs 1 crore New rates (with effect from November 15) Increase in basis points (bps) 7 days to 14 days 4.00% - 15 days to 29 days 4.25% - 30 days to 45 days 5.50% - 46 days to 60 days 6.00% 25 bps 61 days to 90 days 6.25% 25 bps 91 days to 120 days 6.25% 25 bps 121 days to 184 days 6.25% 25 bps 185 days to 289 days 6.50% - 290 days to less than 1 year 6.75% - 1 year to 389 days 6.90% 15 bps 390 days upto 2 years 7.10% 10 bps 2 years 1 day upto 3 years 7.50% 25 bps 3 years 1 day upto 5 years 7.25% - 5 years 1 day upto 10 years 7.00% - 5 years (80C FD) 7.25% - .HDFC Bank.The following FD interest rates are applicable on deposits below Rs. 1 crore from November 6, 2018, according to the bank's website - hdfcbank.com:. table.shdl_table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.shdl_table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.shdl_table 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.shdl_table, table.shdl_table thead, table.shdl_table tbody, table.shdl_table th, table.shdl_table td, table.shdl_table tr { font-size: 14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { table.shdl_table, table.shdl_table thead, table.shdl_table tbody, table.shdl_table th, table.shdl_table td, table.shdl_table tr { font-size: 14px; } table.shdl_table th { padding: 4px; } table.shdl_table td { padding: 4px; } table.shdl_table th:nth-child(1), table.shdl_table td:nth-child(1), table.shdl_table th:nth-child(6), table.shdl_table td:nth-child(6) { displayx: none; } } /*Media Query END*/ . Period Interest rate on FD less than Rs 1 Crore General public Senior citizen 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% Bank of Baroda The following FD interest rates are applicable on deposits below Rs 1 crore, according to bank's website- bankofbaroda.com: table.icici-bank { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.icici-bank th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.icici-bank td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.icici-bank th:nth-child(1), table.icici-bank td:nth-child(1) { width: 40%; text-align: left; } table.icici-bank th:last-child, table.icici-bank td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.icici-bank { display: table; min-width: 280px; max-width: 100%; } table.icici-bank th, table.icici-bank td, table.icici-bank th:nth-child(n+1), table.icici-bank td:nth-child(n+1) { display: table-cell; line-height: normal; } Tenors Below Rs 1 Cr. (w.e.f. 01.11.18) 7 days to 14 days 4.5 15 days to 45 days 4.75 46 days to 90 days 5 91 days to 180 days 5.75 181 days to 270 days 6.5 271 days & above and less than 1 year 6.5 1 year 6.7 Above 1 year to 400 days 6.85 Above 400 days and upto 2 Years 6.8 Above 2 Years and upto 3 Years 6.7 Above 3 Years and upto 5 Years 6.7 Above 5 Years and upto 10 Years 6.7 An additional interest of 0.50 per cent is applicable on fixed deposits for senior citizens for all tenors, stated the bank. Canara Bank The following FD interest rates are applicable on deposits below Rs 1 crore, according to Canara bank's website - canarabank.com: table.canara_bank { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.canara_bank th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.canara_bank td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.canara_bank th:nth-child(1), table.canara_bank td:nth-child(1) { width: 40%; text-align: left; } table.canara_bank th:last-child, table.canara_bank td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.canara_bank { display: table; min-width: 280px; max-width: 100%; } table.canara_bank th, table.canara_bank td, table.canara_bank th:nth-child(n+1), table.canara_bank td:nth-child(n+1) { display: table-cell; line-height: normal; } Domestic Rate of Interest (%) p.a. For Deposits less than Rs.1 Crore w.e.f. 01.11.2018 Term Deposits (All Maturities) General Public Senior Citizen Rate of Interest (% p.a) Rate of Interest (% p.a) 7 days to 14 days 5.75 6.25 15 days to 30 days 5.75 6.25 31 days to 45 days 5.75 6.25 46 days to 60 days 6.25 6.75 61 days to 90 days 6.25 6.75 91 days to 120 days 6.25 6.75 121 days to 179 days 6.25 6.75 180 days to 269 days 6.35 6.85 270 days to less than 1 year 6.4 6.9 1 year only 7.0 7.5 Above 1 year to less than 2 years 7 7.5 2 years & above to less than 3 years 6.7 7.2 3 years & above to less than 5 years 6.2 6.7 5 years & above to less than 8 years 6.2 6.7 8 years & above to 10 years 6.2 6.7 444 Days (Canara Shikhar Deposit) 7.05 7.55 555 Days (Canara Shikhar Deposit) 7.10 7.60 Small finance banks, meanwhile, offer rates of interest that are higher than the mainstream banks.

Bank Fixed Deposit (FD): Interest Rates For Regular, Senior Citizens Compared

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