Fixed Deposit Interest Rates: Here's What Public And Private Sector Banks Pay

A fixed deposit (FDs) is a secure financial instrument offered by banks, 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. 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..Here's a comparison of interest rates offered by SBI, Dena Bank, HDFC Bank and ICICI Bank on fixed deposits up to Rs. 1 crore:.State Bank of India (SBI).The following FD interest rates are applicable on deposits below Rs. 1 crore, according to the bank's website - sbi.co.in:.table.tble_wrap { border-top: solid 1px #ccc; border-left: solid 1px #ccc; xborder-right: solid 1px #ccc; font-size: 16px; } table.tble_wrap th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table.tble_wrap 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.tble_wrap, 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.tble_wrap, thead, tbody, th, td, tr { font-size: 14px; } table.tble_wrap th { padding: 4px; } table.tble_wrap td { padding: 4px; } } /*Media Query END*/ . Maturity period (term) Interest rate with effect from July 30, 2018 General public Senior citizen 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 (Source: sbi.co.in) .Dena Bank.The following FD interest rates are applicable from September 3, 2018, on deposits below Rs. 1 crore, according to the bank's website - denabank.com: .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:nth-child(1) { width: 40%; text-align: center; } 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; } . Maturity Period Rate of Interest below Rs 1 Crore 07 days to 14 days 4 15 days to 29 days 4 30 days to 45 days 4.5 46 days to 60 days 5.75 61 days to 90 days 5.75 91 days to 120 days 5.75 121 days to 179 days 5.75 180 days to 270 days 6.25 271 days to 364 days 6.25 365 days / 1 year 6.65 More than 1 yr to less than 2 years 6.75 2 years to less than 3 years 6.6 3 years to less than 5 years 6.25 5 years to less than 8 years 6.3 8 years to 10 years 6.3 .Senior citizens will get an additional 0.50 per cent interest over and above rates except NRI deposits, said the bank..HDFC Bank.The following FD interest rates are applicable on deposits below Rs. 1 crore from November 6, 2018, according to the bank's website - hdfcbank.com:.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% .ICICI Bank.The following FD interest rates are applicable on deposits below Rs. 1 crore, according to the bank's website - icicibank.com:.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 .Lenders also pay slightly higher interest rates on fixed deposits to senior citizens, compared to the general public..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; }

Fixed Deposit Interest Rates: Here's What Public And Private Sector Banks Pay

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