Interest Rates Offered By Banks On Fixed Deposits Below Rs 2 Crore

Fixed deposits (FDs), also known as term deposits, offer guaranteed returns on investments. In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts. One can deposit a lump sum of money in fixed deposits for a specific period, ranging from seven days to 10 years. Lenders also pay slightly higher interest rates on fixed deposits to senior citizens, compared to the general public. Fixed deposits are of two types: with premature withdrawal facility and without premature withdrawal facility. The fixed deposits which offer premature withdrawal facility do not offer income tax benefits. However, FDs without a premature withdrawal facility require a lock-in period of five or 10 years and offer income tax benefits..Given below are the latest interest rates offered by SBI, HDFC Bank, ICICI Bank, IDBI Bank and Federal Bank on fixed deposits (FDs) below 2 crore:.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 2 crore with effect from March 7, 2019 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 2 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 2 crore, with effect from March 7, 2019, 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 March 7, 2019 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) .IDBI Bank.The following FD interest rates are applicable on deposits below Rs 2 crore, with effect from March 4, 2019, according to the bank's website - idbi.com:.table.idbi { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.idbi th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.idbi td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.idbi th:nth-child(1), table.idbi td:nth-child(1) { width: 40%; text-align: left; } table.idbi th:last-child, table.idbi td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.idbi { display: table; min-width: 280px; max-width: 100%; } table.idbi th, table.idbi td, table.idbi th:nth-child(n+1), table.idbi td:nth-child(n+1) { display: table-cell; line-height: normal; } . Maturity Slab Interest Rate (% p.a.) for general public Senior Citizen's Interest rates 15-30days 5.75 6.25 31-45 days 5.75 6.25 46-60 days 6.25 6.75 61-90 days 6.25 6.75 91-6 months 6.25 6.75 6 months 1 day to 270 days 6.5 7 271 days to 1yrs to 2yrs 7.2 7.7 >2 yrs to 1100 days to 5yrs - 7yrs 6.25 6.75 >7 yrs - 10 yrs 6.25 6.75 >10 yrs - 20 yrs* 6 6.5 .Federal Bank.The following FD interest rates are applicable on deposits below Rs 2 crore, with effect from February 23, 2019, according to the bank's website - federalbank.co.in:.table.fb { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.fb th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.fb td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align: center; } table.fb th:nth-child(1), table.fb td:nth-child(1) { width: 40%; text-align: left; } table.fb th:last-child, table.fb td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.fb { display: table; min-width: 280px; max-width: 100%; } table.fb th, table.fb td, table.fb th:nth-child(n+1), table.fb td:nth-child(n+1) { display: table-cell; line-height: normal; } . Period Less than Rs 2 crore 7 days to 14 days 3.50% 15 days to 29 days 4.50% 30 days to 60 days 5.00% 61 days to 90 days 5.70% 91 days to 180 days 6.50% 181 days to less than 1 year 6.90% 1 year to 549 days 7.30% 550 days 7.50% 551 Days to 2 years 7.30% Above 2 years to less than 3 years 7.40% 3 years and above 7.25% .An additional interest rate of 0.50 per cent is available for deposits of senior citizens for all tenors, according to bank's website.

Interest Rates Offered By Banks On Fixed Deposits Below Rs 2 Crore

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