Fixed deposit interest rates: FDs are apt investors who are looking for a fixed income.
Fixed deposits (FD) provide interest rates that are usually higher than savings accounts.
FDs offer good rates of return as their interest rates are fixed until a specific maturity date.
Compared to other market-linked instruments like bonds and stocks, FDs offer security because their interest rates are not determined by volatile events.
FDs are apt investors who are looking for a fixed income and want to stay away from market-linked risks.
Largest lender State Bank of India (SBI), and the two biggest private sector lenders - ICICI Bank and HDFC Bank - offer attractive interest rates.
On a one-year fixed deposit of less than Rs 1 crore, SBI offers interest rate of 6.4 per cent, ICICI Bank 6.6 per cent, and HDFC Bank 6.75 per cent.
However, small finance bank Utkarsh Small Finance Bank offers 8.25 per cent interest rate on a fixed deposit of less than Rs 1 crore for one year - higher than all the three key lenders.(: Fixed Deposit Interest Rates Of These Banks Are As High As 8.75%)Here are the interest rates on fixed deposits offered by Utkarsh Small Finance Bank, SBI, ICICI Bank, HDFC Bank:Fixed deposit interest rates of Utkarsh Small Finance BankFor fixed deposits less than Rs 1 crore interest rates, according to the bank's official website, utkarsh.bank, are as follows:Sr.No.TENURESINTEREST RATES (% P.A.) - W.E.F March 14, 2018General CustomersSenior Citizens17 Days to 15 days3.50%4.00%216 Days to 28 Days3.50%4.00%329 Days to 45 Days4.00%4.50%446 Days to 90 Days4.50%5.00%591 Days to 120 Days5.00%5.50%6121 Days to 179 Days5.50%6.00%7180 Days to 210 Days6.00%6.50%8211 Days to 270 Days7.00%7.50%9271 Days to less than 1 Year7.50%8.00%101 Year to 455 Days8.25%8.75%11456 Days to less than 2 years8.50%9.00%122 Years to less than 3 Years7.85%8.35%133 Years to less than 5 Years7.00%7.50%145 Years8.00%8.50%15More than 5 Years to 10 Years7.00%7.50%Fixed deposit interest rates of SBIInterest rates for retail domestic term fixed deposits below Rs 1 crore, according to SBI's website, sbi.co.in:(: How SBI Fixed Deposit Holders Can Submit Forms Online To Avoid TDS)(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 years6.56.7577.25(: SBI Recurring Deposit Vs Post Office Recurring Deposit)Fixed deposit interest rates of ICICI BankInterest rates on Domestic, NRO NRE deposits (less than Rs 1 crore), according to the bank's website, icicibank.com(: Five Investment Schemes That Can Make You Money, Offer Security)Tenure 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 upto 5 years6.575 years 1 day upto 10 years6.575 Years Tax saver FD(Max upto Rs.
1.50 lac)6.57(: Interest Rates On Post Office Saving Schemes Compared - PPF Vs Recurring Deposit)Fixed deposit interest rates of HDFC BankDomestic / NRO / NRE term or fixed deposits, according to HDFC Bank's website, hdfcbak.com:(: EPF Scheme To Have Two Separate Account Heads)Period< 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 Year6.75%7.25%1 year 1 day - 1 year 3 days6.75%7.25%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 Years6.25%6.75%2 years 1day - 2 Years15 days6.00%6.50%2 Years16 days6.00%6.50%2 years17 days - 3 Years6.00%6.50%3 years 1day - 5 years6.00%6.50%5 Years 1 Day - 8 Years6.00%6.50%8 Years 1 Day - 10 Years6.00%6.50%These are the interest rates on fixed deposits with premature withdrawal facilities.
Interest rates on tax-saving fixed deposits are different.