Fixed Deposit (FD) Interest Rates Offered By Top Banks

Fixed deposit (FD) is a financial instrument that offers guaranteed returns. In a fixed deposit account, money is deposited for a specific time, which varies from 7 days to ten years. Some FDs come with a premature withdrawal facility while some require a compulsory lock-in period. Interest rates on fixed deposits are revised by banks from time to time. Interest rate on an FD varies from one bank to another, depending upon factors such as MCLR (marginal cost of funds-based lending rate), maturity period or term and the deposit amount. .State-run State Bank of India (SBI) currently pays interest rates to the tune of 5.75-6.85 per cent per annum on domestic fixed deposits up to Rs 2 crore for general public, while the private sector peers like HDFC Bank and ICICI Bank pay anywhere between 3.50 per cent and 7.40 per cent per annum on domestic fixed deposits up to Rs 1 crore for general public..Given below are the latest interest rates offered by SBI, HDFC Bank, ICICI Bank and Central Bank of India on fixed deposits (FDs):.State Bank of India (SBI).The following FD interest rates are applicable on deposits below Rs 2 crore, according to the bank's website - sbi.co.in:.table.sbiTab1 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 14px; margin: 10px 0px; } table.sbiTab1 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.sbiTab1 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.sbiTab1 th:nth-child(1), table.sbiTab1 td:nth-child(1) { } table.sbiTab1 th:last-child, table.sbiTab1 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.sbiTab1 { max-width: 100%; } table.sbiTab1 th, table.sbiTab1 td, table.sbiTab1 th:nth-child(n+1), table.sbiTab1 td:nth-child(n+1) { display: table-cell; line-height: normal; } table.sbiTab1 th:last-child, table.sbiTab1 td:last-child { border-right: 0; } . Tenors Revised For Public w.e.f. 22.02.2019 Revised for Senior Citizens w.e.f. 22.02.2019 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) .HDFC Bank.The following FD interest rates are applicable on deposits below Rs 1 crore with effect from November 6, 2018 according to the bank's website - hdfcbank.com:.table.tabhdfc1 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 14px; } table.tabhdfc1 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tabhdfc1 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.tabhdfc1 th:nth-child(1), table.tabhdfc1 td:nth-child(1) { text-align: left; } table.tabhdfc1 th:last-child, table.tabhdfc1 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.tabhdfc1 { max-width: 100%; } table.tabhdfc1 th, table.tabhdfc1 td, table.tabhdfc1 th:nth-child(n+1), table.tabhdfc1 td:nth-child(n+1) { display: table-cell; line-height: normal; } table.tabhdfc1 th:last-child, table.tabhdfc1 td:last-child { border-right: 0; } . 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 months 1 day- 6 months 3 days 6.75% 7.25% 6 months 4 days 6.75% 7.25% 6 months 5 days- 9 months 6.75% 7.25% 9 months 1 day- 9 months 3 days 7.10% 7.60% 9 months 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 1 day - 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 1 day - 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% (Source: hdfcbank.com) .ICICI Bank.The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - icicibank.com:.table.iciciTab1 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 14px; margin: 10px 0px; } table.iciciTab1 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.iciciTab1 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.iciciTab1 th:nth-child(1), table.iciciTab1 td:nth-child(1) { } table.iciciTab1 th:last-child, table.iciciTab1 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.iciciTab1 { max-width: 100%; } table.iciciTab1 th, table.iciciTab1 td, table.iciciTab1 th:nth-child(n+1), table.iciciTab1 td:nth-child(n+1) { display: table-cell; line-height: normal; } table.iciciTab1 th:last-child, table.iciciTab1 td:last-child { border-right: 0; } . Rate of Interest (% p.a.) w.e.f November 15, 2018 Tenure Period 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 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 lakh) 7.25% 7.75% (Source: icicibank.com) .Central Bank of India.The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - centralbankofindia.co.in:.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; } . Sr.No. Maturity Period Less than 1 cr w.e.f 25/01/2019 1 7 -14 days 4.8% 2 15 - 30 days 5.55% 3 31 - 45 days 5.55% 4 46 - 59 days 5.55% 5 60 - 90 days 5.55% 6 91 - 179 days 6.5% 7 180 - 270 days 6.55% 8 271 - 364 days 6.55% 9 1 yr to less than 2 yrs 6.65% 10 2 yr to less than 3 years 6.55% 11 3 yr to less than 5 years 6.55% 12 5 years & above up to 10 years 6.55% 13 555 days 6.65% 14 777 days 6.55% 15 Cent Double 6.55% .Just like banking peers, post offices also offer the facility of opening an FD account. Post office fixed deposit (FD) account offers interest rates across four maturities: one year, two years, three years, and five years, according to India Post's official website- indiapost.gov.in.

Fixed Deposit (FD) Interest Rates Offered By Top Banks

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