ICICI Bank Hikes FD Interest Rates; What SBI, HDFC Bank, PNB, Canara Bank Pay

Private sector lender ICICI Bank is the latest bank to hike fixed deposit or FD interest rates. Before ICICI Bank, HDFC Bank, Punjab National Bank (PNB), Canara Bank and the largest lender of the country, State Bank of India or SBI had hiked FD interest rates. Fixed deposits offer much higher interest rates than savings accounts. The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act. Most revisions in FD interest rates by key lenders came around the time the Reserve Bank of India hiked its repo rate to 6.5 per cent for the second time in a row in its August policy review..Given below are FD interest rates offered by ICICI Bank, HDFC Bank, PNB, Canara Bank and SBI:.FD interest rates offered by ICICI Bank.ICICI Bank fixed deposit or FD Interest rates on domestic, NRO & NRE deposits (less than Rs 1 crore) from icicibank.com:.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table 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, 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, thead, tbody, th, td, tr { font-size: 14px; } table th { padding: 4px; } table td { padding: 4px; } table th:nth-child(1), table td:nth-child(1), table th:nth-child(6), table td:nth-child(6) { display: none; } } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Tenure Period Rate of Interest (% p.a.) w.e.f August 14, 2018 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 5.75 6.25 61 days to 90 days 6 6.5 91 days to 120 days 6 6.5 121 days to 184 days 6 6.5 185 days to 289 days 6.5 7 290 days to less than 1 year 6.75 7.25 1 year to 389 days 6.75 7.25 390 days to 2 years 7 7.5 2 years 1 day upto 5 years 7.25 7.75 5 years 1 day upto 10 years 7 7.5 5 Years Tax saver FD(Max upto Rs. 1.50 lac) 7.25 7.75 .FD interest rates offered by HDFC Bank.The following HDFC Bank FD interest rates are applicable from August 6, 2018 for deposits below Rs 1 crore:.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 20px; } table td:last-child, table th:last-child { } /*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, 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; width: 320px; } table, thead, tbody, th, td, tr { font-size: 14px; } table th { padding: 4px; } table td { padding: 4px; } } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Period < 1 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 7.00% 7.50% 9 mnths 4 days 7.00% 7.50% 9 months 5 days - 9 months 15 days 7.00% 7.50% 9 months 16 days 7.00% 7.50% 9 months 17 days < 1 Year 7.00% 7.50% 1 Year 7.25% 7.75% 1 year 1 day - 1 year 3 days 7.25% 7.75% 1 year 4 days 7.25% 7.75% 1 year 5 days - 1 Year 15 Days 7.25% 7.75% 1 Year 16 days 7.25% 7.75% 1 year 17 days - 2 Years 7.25% 7.75% 2 years 1day - 2 Years 15 days 7.10% 7.60% 2 Years 16 days 7.10% 7.60% 2 years 17 days - 3 Years 7.10% 7.60% 3 years 1day - 5 years 7.10% 7.60% 5 Years 1 Day - 8 Years 6.00% 6.50% 8 Years 1 Day - 10 Years 6.00% 6.50% .FD interest rates offered by PNB .FD interest rates on single domestic fixed deposits or term deposits and NRE fixed deposits less than Rs.1 crore:.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 20px; } table td:last-child, table th:last-child { } /*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, 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; width: 320px; } table, thead, tbody, th, td, tr { font-size: 14px; } table th { padding: 4px; } table td { padding: 4px; } } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Domestic TD Less Than Rs.1 Cr. W.E.F. 01.08.2018 Period ROI (% p.a.) A.Y.** 7 to 14 days 5.7 5.7 15 to 29days 5.7 5.7 30 to 45 days 5.7 5.7 46 to 90 days 6.35 6.35 91 to 179 days 6.35 6.35 180 days to 270 Days 6.35 6.4 271 days to less than 1 year 6.35 6.45 1 year 6.75 6.92 above 1 year & upto 3 years 6.75 6.92 above 3 year & upto 5 years 6.25 6.82 PNB Tax Saver FD Public (General)- 6.25 (for 5 years) 6.25 ( for above 5years to 10 years) .FD interest rates offered by Canara Bank.Canara Bank pays the following interest rates on term deposits up to Rs 1 crore, stated canarabank.com:.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height:20px; } table 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, 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, thead, tbody, th, td, tr { font-size:14px; } table th {padding:4px;} table td {padding:4px;} } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Term Interest rate (%) for general public w.e.f. 04.08.2018 Interest rate (%) for senior citizen w.e.f. 04.08.2018 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 6.7 7.2 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 (Source: canarabank.com) .FD interest rates offered by SBI.SBI revised its interest rates on retail fixed deposits with effect from August 30, stated sbi.co.in. The following FD interest rates are for deposits below Rs 1 crore:.(All figures in % per annum).table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height: 18px; } table 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, 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, thead, tbody, th, td, tr { font-size: 14px; } table th { padding: 4px; } table td { padding: 4px; } table th:nth-child(2), table td:nth-child(2), table th:nth-child(4), table td:nth-child(4) { display: none; } } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Term Interest rate for general public w.e.f. 30.07.2018 Interest rate for senior citizens w.e.f. 30.07.2018 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 6.7 7.2 2 years to less than 3 years 6.75 7.25 3 years to less than 5 years 6.8 7.3 5 years and up to 10 years 6.85 7.35 .Small finance banks like Jana Small Finance Bank, Fincare Small Finance Bank, and ESAF Small Finance Bank offer FD interest rates up to 9.5 per cent for senior citizens and 9 per cent for general public..Among other small savings schemes, you can consider investing in recurring deposits, sukanya samriddhi yojana, and senior citizen savings scheme.

ICICI Bank Hikes FD Interest Rates; What SBI, HDFC Bank, PNB, Canara Bank Pay

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