Business

Fixed deposit (FD) interest rates of ICICI Bank range between 4%-6.6%.
Fixed deposit (FD) interest rates of the largest lender of the country, State Bank of India (SBI), range from 5.75 per cent to 6.75 per cent on deposits under Rs 1 crore.
For the same amount, interest rates of ICICI Bank range between 4 per cent to 6.6 per cent; HDFC Bank fixed deposits fetch an interest rate of 3 per cent to 6 per cent; and YES Bank fixed deposits pay between 5 per cent and 7 per cent.Given below is a comparison of fixed deposit interest rates of SBI, ICICI Bank, HDFC Bank and YES BankState Bank of India (SBI) fixed deposit interest rates on deposits less than Rs 1 crore (according to sbi.co.in)(All figures in % per annum)TenorsExisting for Public w.e.f.
28.02.2018Revised For Public w.e.f.
28.03.2018Existing for Senior Citizens w.e.f.
28.02.2018Revised for Senior Citizens w.e.f.
28.03.20187 days to 45 days5.755.756.256.2546 days to 179 days6.256.256.756.75180 days to 210 days6.356.356.856.85211 days to less than 1 year6.46.46.96.91 year to less than 2 year6.46.46.96.92 years to less than 3 years6.56.677.13 years to less than 5 years6.56.777.25 years and up to 10 years6.56.7577.25Fixed deposit interest rates of ICICI BankInterest rates on domestic, NRO NRE deposits (Less than Rs 1 crore), according to icicibank.comTenure PeriodRate of Interest (% p.a.) w.e.f December 11, 2017GeneralSenior Citizen*7 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 days6.256.75290 days to less than 1 year6.571 year to 389 days6.67.1390 days to 2 years6.757.252 years 1 day up to 5 years6.575 years 1 day upto 10 years6.575 Years Tax saver FD(Max upto Rs.
1.50 lac)6.57Fixed deposit interest rates of HDFC Bank Domestic / NRO / NRE term deposits, according to hdfcbank.comPeriod< 1 CroreInterest Rate**Senior Citizen Rates(per annum)(per annum)7 - 14 days3.50%4.00%15 - 29 days4.25%4.75%30 - 45 days5.50%6.00%46 - 60 days5.75%6.25%61 - 90 days5.75%6.25%91 days - 6 months5.75%6.25%6 mnths 1 day- 6 mnths 3 days6.00%6.50%6 mnths 4 days6.00%6.50%6 mnths 5 days- 9 mnths6.00%6.50%9 mnths 1 day- 9 mnths 3 days6.00%6.50%9 mnths 4 days6.00%6.50%9 months 5 days - 9 months 15 days6.00%6.50%9 months 16 days6.25%6.75%9 months 17 days < 1 Year6.25%6.75%1 Year6.85%7.35%1 year 1 day - 1 year 3 days6.50%7.00%1 year 4 days6.25%6.75%1 year 5 days - 1 Year 15 Days6.25%6.75%1 Year 16 days6.25%6.75%1 year 17 days - 2 Years7.00%7.50%2 years 1day - 2 Years15 days7.00%7.50%2 Years16 days7.00%7.50%2 years17 days - 3 Years7.00%7.50%3 years 1day - 5 years7.00%7.50%5 Years 1 Day - 8 Years6.00%6.50%8 Years 1 Day - 10 Years6.00%6.50%Fixed deposit (FD) interest rates of YES BankResident fixed deposit interest rates (% p.a), according to yesbank.inPeriodRates for < 1 Crore w.e.f 16thMarch2018RegularSenior Citizen***Interest RatesAnnualised Yield^Interest RatesAnnualised Yield^7 to 45 days5.00%5.00%5.50%5.50%46 to 90 days7.00%7.00%7.50%7.50%3 months to < 6 months6.90%6.90%7.40%7.40%6 months to < 9 months6.70%6.76%7.20%7.26%9 months to < 1 Year6.70%6.81%7.20%7.33%1 Years to <= 10 years*7.00%7.19%7.50%7.71%*Special Rates18 Months 8 Days to18 months 18 days7.10%7.29%7.60%7.82%36 Months 10 Days to36 Months 20 Days7.25%7.45%7.75%7.98%Small finance banks like Fincare Small Finance Bank, ESAF Small Finance Bank, Ujjivan Small Finance Bank,and AU Small Finance Bank also offer fixed deposits, the interest rates on which are as high as 9 per cent.Post offices also offer the option of fixed deposits - the interest rates range between 6.6 per cent and 7.4 per cent.Besides FDs, customers can invest money in public provident funds, national pension scheme, recurring deposits and national savings certificates, among others.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

Â