FD Interest Rates Paid By Major Banks On Deposits Below 2 Crores

Fixed deposits (FDs) are secure investment instruments offered by banks and non-banking financial companies, which offer guaranteed returns. In a fixed deposit (FD) account, money can be invested for a higher rate of interest than savings accounts. According to financial experts, investing in fixed deposit is secure because the returns on FD are fixed across predetermined, specific periods of time. Lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the facility of opening a fixed deposit. Fixed deposit interest rates vary across banks according to the tenor of a fixed deposit. .Given below are the latest interest rates offered by SBI, HDFC Bank and ICICI Bank on fixed deposits (FDs) below Rs 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.hdfc1_tab { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.hdfc1_tab th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.hdfc1_tab td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; text-align:center; } table.hdfc1_tab th:last-child, table.hdfc1_tab td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.hdfc1_tab { display: table; min-width: 280px; max-width: 100%; font-size: 14px; } table.hdfc1_tab th, table.hdfc1_tab td, table.hdfc1_tab th:nth-child(n+1), table.hdfc1_tab td:nth-child(n+1) { display: table-cell; line-height: normal; } } . Period < 2 Crore Interest Rate (per annum) **Senior Citizen Rates (per annum) 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, according to the bank's website - icicibank.com: table.icici2_tab { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; } table.icici2_tab th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; text-align: center; } table.icici2_tab td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.icici2_tab th:last-child, table.icici2_tab td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.icici2_tab { display: table; min-width: 280px; max-width: 100%; font-size: 14px; } table.icici2_tab th, table.icici2_tab td, table.icici2_tab th:nth-child(n+1), table.icici2_tab td:nth-child(n+1) { display: table-cell; line-height: normal; } } . Rate of Interest (% p.a.) w.e.f March 7, 2019 Tenure Period General Senior Citizen 7 days to 14 days 4% 4.50% 15 days to 29 days 4.25% 4.75% 30 days to 45 days 5.50% 6% 46 days to 60 days 6% 6.50% 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 6.50% 7% 290 days to less than 1 year 6.75% 7.25% 1 year to 389 days 6.90% 7.40% 390 days to 2 years 7.10% 7.60% 2 years 1 day up to 3 years 7.50% 8% 3 years 1 day up to 5 years 7.25% 7.75% 5 years 1 day up to 10 years 7% 7.50% 5 years Tax saver FD (max up to Rs. 1.50 lakh) 7.25% 7.75% (Source: icicibank.com) .Fixed deposits or FDs are also offered by post offices. Post office time deposit (TD) or 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.

FD Interest Rates Paid By Major Banks On Deposits Below 2 Crores

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