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The interest rates on FDs vary according to separate maturity baskets across different banks.Bank fixed deposits (FDs) are fixed-income instruments which guarantee a fixed rate of return on investments.
Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer facility of opening a fixed deposit.
These days FDs can also be created online.Some fixed deposits offer benefit of income tax deduction.
However, bank fixed deposits which come with a premature withdrawal facility do not offer income tax deduction benefits.
FD accounts which do not offer a premature withdrawal facility offer this benefit but have a lock-in period.The interest rates on FDs vary according to separate maturity baskets across different banks.
Most banks offer fixed deposits starting from seven days up to a tenor of 10 years.
However, fixed deposit interest rates are subject to change from time to time.State Bank of India (SBI)The following FD interest rates are applicable on deposits below Rs1 crore, according to bank's website - sbi.co.in:TenorsRevised For Public w.e.f.
28.11.2018Revised for Senior Citizens w.e.f.
28.11.20187 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 year6.87.32 years to less than 3 years6.87.33 years to less than 5 years6.87.35 years and up to 10 years6.857.35(Source: sbi.co.in)HDFC BankThe following FD interest rates are applicable on deposits below Rs.
1 crore with effect from November 6, 2018 according to bank's website - hdfcbank.com:PeriodInterest rate onFD less thanRs.1 CroreGeneral publicSenior citizen7 - 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 days7.10%7.60%9 months 4 days7.10%7.60%9 months 5 days - 9 months 15 days7.10%7.60%9 months 16 days7.10%7.60%9 months 17 days < 1 Year7.10%7.60%1 Year7.30%7.80%1 year 1 day - 1 year 3 days7.30%7.80%1 year 4 days7.30%7.80%1 year 5 days - 1 Year 15 days7.30%7.80%1 Year 16 days7.30%7.80%1 year 17 days - 2 Years7.30%7.80%2 years 1 day - 2 Years15 days7.40%7.90%2 Years16 days7.40%7.90%2 years17 days - 3 Years7.40%7.90%3 years 1 day - 5 years7.25%7.75%5 Years 1 day - 8 Years6.50%7.00%8 Years 1 day - 10 Years6.50%7.00%(Source: hdfcbank.com)ICICI BankThe following FD interest rates are applicable ondeposits below Rs.
1 crore, according to bank's website - icicibank.com:Rate of Interest (% p.a.) w.e.f November 15, 2018Tenure PeriodGeneralSenior Citizen7 days to 14 days44.515 days to 29 days4.254.7530 days to 45 days5.5646 days to 60 days66.561 days to 90 days6.256.7591 days to 120 days6.256.75121 days to 184 days6.256.75185 days to 289 days6.57290 days to less than 1 year6.757.251 year to 389 days6.97.4390 days to 2 years7.17.62 years 1 day up to 3 years7.583 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 lakh)7.257.75(Source: icicibank.com)IndusInd Bank:The following FD interest rates are applicable on deposits below Rs.
1 crore with effect from October 5 2018, according to bank's website - indusind.com:Maturity PeriodDomestic (Resident) Deposits/ NRO Deposits<1 croreRates p.a.(%)7 days to 14 days3.7515 days to 30 days4.2531 days to 45 days5.7546 days to 60 days661 days to 90 days6.2591 days to 120 days6.5121 days to 180 days6.75181 days to 210 days7.25211 days to 269 days7.25270 days or below 1 years7.51 Years to 1 Years 2 Months8Above 1 Years 2 Months to below 2 Years7.752 years to below 2 years 6 Months7.52 years 6 Months to below 2 years 9 Months7.52 years 9 Months to below 3 years7.53 years to below 61 month7.561 month and above7.25Indus Tax Saver Scheme (5 years)7.5An additional interest rate of 0.50 per cent over and above card rates is applicable for term deposits of senior citizens for value below Rs.
1 crore, said IndusInd Bank.





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