Banks keep on revising their FD interest rates from time to time.Fixed deposits (FDs) are secure financial instruments that offer guaranteed returns.

In a fixed deposit account, money is deposited for a specific time.

Most banks today offer a maturity period ranging from seven days to 10 years for fixed deposits.

Money deposited in a savings account usually fetches an interest rate to the tune of 3-4 per cent.

Fixed deposits, however, offer much higher interest rates compared to savings accounts.

Lenders also pay slightly higher interest rates on fixed deposits to senior citizens, compared to those applicable to the general public.

Banks keep on revising their FD interest rates from time to time.Here is a comparison of interest rates offered by State Bank of India (SBI), Bandhan Bank, IndusInd 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 State Bank of India's website - sbi.co.in:TenorsRevised For Public w.e.f.

30.07.2018Revised for Senior Citizens w.e.f.

30.07.20187 days to 45 days5.756.2546 days to 179 days6.256.75180 days to 210 days6.356.85211 days to less than 1 year6.46.91 year to less than 2 year6.77.22 years to less than 3 years6.757.253 years to less than 5 years6.87.35 years and up to 10 years6.857.35 Bandhan BankThe following FD interest rates are applicable on deposits below Rs 1 crore with effect from October 9 2018, according to the bank's website - bandhanbank.comTenorRate7 days to 14 days3.50%15 days to 30 days4.00%31 days to Less than 2 months4.00%2 months to less than 3 months4.00%3 months to less than 6 months4.50%6 months to less than 1 year6.80%1 year to 18 months7.25%Above 18 months to less than 2 years7.55%2 years to less than 5 years7.40%5 years to less than 7 years6.40%7 years to up to 10 years6.40%Senior citizens will get additional 0.75 per cent over and above the given slab rates, said Bandhan Bank.IndusInd BankThe following FD interest rates are applicable on deposits below Rs 1 crore with effect from October 5 2018, according to the bank's website - indusind.com:An additional interest rate of 0.50 per cent over and above the card rates is applicable for term deposits of senior citizens for value below Rs.

1 crore, said IndusInd Bank.HDFC Bank The following FD interest rates are for deposits below Rs 1 crore with effect from October 6, according to the bank's website - hdfcbank.com:Period< 1 CroreInterest Rate (per annum)Senior Citizen Rates (per annum)7 - 14 days3.50%4.00%15 - 29 days4.25%4.75%30 - 45 days5.75%6.25%46 - 60 days6.25%6.75%61 - 90 days6.25%6.75%91 days - 6 months6.25%6.75%6 months 1 day- 6 months 3 days6.75%7.25%6 months 4 days6.75%7.25%6 months 5 days- 9 months6.75%7.25%9 months 1 day- 9 months 3 days7.00%7.50%9 months 4 days7.00%7.50%9 months 5 days - 9 months 15 days7.00%7.50%9 months 16 days7.00%7.50%9 months 17 days < 1 Year7.00%7.50%1 Year7.25%7.75%1 year 1 day - 1 year 3 days7.25%7.75%1 year 4 days7.25%7.75%1 year 5 days - 1 Year 15 Days7.25%7.75%1 Year 16 days7.25%7.75%1 year 17 days - 2 Years7.25%7.75%2 years 1 day - 2 Years 15 days7.10%7.60%2 Years 16 days7.10%7.60%2 years 17 days - 3 Years7.10%7.60%3 years 1 day - 5 years7.10%7.60%5 Years 1 Day - 8 Years6.00%6.50%8 Years 1 Day - 10 Years6.00%6.50% ICICI BankThe following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - icicibank.com:Tenure PeriodRate of Interest (% p.a.) w.e.f August 14, 2018 GeneralSenior Citizen7 days to 14 days44.515 days to 29 days4.254.7530 days to 45 days5.5646 days to 60 days5.756.2561 days to 90 days66.591 days to 120 days66.5121 days to 184 days66.5185 days to 289 days6.57290 days to less than 1 year6.757.251 year to 389 days6.757.25390 days to 2 years77.52 years 1 day up to 5 years7.257.755 years 1 day up to 10 years77.55 Years Tax saver FD (Max up to Rs.

1.50 lac)7.257.75 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.