Major banks offer a maturity period ranging from seven days to 10 years for fixed depositsA fixed deposit (FDs) is a secure financial instrument which offers guaranteed return.
Financial institutions such as banks, post offices, small finance banks and non-banking financial companies offer fixed deposit accounts.
Customers can deposit money in fixed deposits for a specific period, ranging from seven days to 10 years.
FD interest rates are subject to change from time to time.
Axis Bank revised its interest rates with effect from April 22, 2019, according to the private sector lender'swebsite.Axis BankThe following FD interest rates are applicable on deposits below Rs.
2 crore from April 22, 2019 according to axisbank.com:PeriodGeneral public (% p.a.)Senior citizen (% p.a.)7 days to 14 days3.53.515 days to 29 days3.53.530 days to 45 days5.55.546 days to 60 days6.256.2561 days < 3 months6.256.253 months < 4 months6.256.254 months < 5 months6.256.255 months < 6 months6.256.256 months < 7 months6.7577 months < 8 months6.7578 months < 9 months6.7579 months < 10 months7.17.3510 months < 11 months7.17.3511 months < 1 year7.17.351 year < 1 year 5 days7.37.951 year 5 days < 1 year 11 days7.37.951 year 11 days < 13 months7.37.9513 months < 14 months7.35814 months < 15 months7.37.9515 months < 16 months7.37.9516 months < 17 months7.37.9517 months < 18 months7.37.9518 Months < 2 years7.37.952 years < 30 months7.58.1530 months < 3 years7.583 years < 5 years7.257.755 years to 10 years77.5State Bank of IndiaThe following FD interest rates are applicable on deposits below Rs.
2 crore with effect from February 22, 2019, according to sbi.co.in:PeriodGeneral public (% p.a.)Senior citizens (% p.a.)7 days to 45 days5.75%6.25%46 days to 179 days6.25%6.75%180 days to 210 days6.35%6.85%211 days to less than 1 year6.40%6.90%1 year to less than 2 year6.80%7.30%2 years to less than 3 years6.80%7.30%3 years to less than 5 years6.80%7.30%5 years and up to 10 years6.85%7.35%Punjab National BankThe following FD interest rates are applicable on deposits up to Rs.
2 crore with effect from March 1, 2019, according to pnbindia.in:PeriodGeneral public (% p.a.)Senior citizen(% p.a.)7 to 14 days5.756.2515 to 29 days5.756.2530 to 45 days5.756.2546 to 90 days6.356.8591 to 179 days6.356.85111 days6.57180 days to 270 Days6.356.85222 days6.67.1271 days to less than 1 year6.356.85333 days7.17.61 year6.757.25555 days6.857.35above 1 year up to 3 years6.757.25above 3 year up to 5 years6.256.75above 5 years up to 10 years6.256.75HDFC BankThe following FD interest rates are applicable on deposits below Rs.
2 crore from April 11, 2019 according to hdfcbank.com:PeriodGeneral public (% p.a.)Senior citizen (% p.a.)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 days7.10%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 Years 15 days7.40%7.90%2 Years 16 days7.40%7.90%2 years 17 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%ICICI BankThe following FD interest rates are applicable on deposits below Rs.
2 crore from March 7, 2019 according to icicibank.com:PeriodGeneral public (% p.a.)Senior citizens (% p.a.)7 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 lac)7.257.75The 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.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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