Fixed Deposit Interest Rates: Here's What Top Lenders Offer

Fixed deposits (FDs) are secure financial instruments offered by commercial banks, small finance banks, non-banking financial companies (NBFCs) and post offices, which fetch guaranteed returns. 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. Fixed deposit interest rates are subject to change from time to time. 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, 1961..Here's a comparison of the latest interest rates paid by SBI, Canara Bank, HDFC Bank and ICICI Bank on FDs up to Rs. 1 crore:.State Bank of India (SBI):.Given below are the latest SBI FD interest rates on deposits below Rs 1 crore: 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 .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 .HDFC Bank:.The following FD interest rates are applicable on deposits below Rs 1 crore from November 6, 2018:.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 < 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 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: hdfc bank.com .ICICI Bank:.The following FD interest rates are applicable on deposits below Rs 1 crore: 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; } . Tenure Period Rate of Interest (% p.a.) w.e.f November 15, 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 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 upto 3 years 7.5 8 3 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 Source: icicibank.com .table.tab_4 { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 14px; } table.tab_4 th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tab_4 td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table.tab_4 th:nth-child(1), table.tab_4 td:nth-child(1) { width: 40%; text-align: left; } table.tab_4 th:last-child, table.tab_4 td:last-child { border-right: 0; } @media only screen and (max-device-width: 480px) and (min-device-width: 320px) { table.tab_4 { display: table; min-width: 280px; max-width: 100%; } table.tab_4 th, table.tab_4 td, table.tab_4 th:nth-child(n+1), table.tab_4 td:nth-child(n+1) { display: table-cell; line-height: normal; } table.tab_4 th:last-child, table.tab_4 td:last-child { border-right: 0; }

Fixed Deposit Interest Rates: Here's What Top Lenders Offer

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