Fixed deposit interest rates: Interest income is subject to the liable income tax.Fixed deposits help people save money and also earn an attractive interest rate on the same.
In a fixed deposit, customers can keep a certain amount of money with the bank for a specific tenure.
In return for the fixed deposit, banks pay interest.
Interest income is subject to the liable income tax.
HDFC Bank, the largest private lender of the country, revised interest rates on fixed deposit (FD) accounts of various tenures with effect from July 6, 2018, according to its website hdfcbank.com.Here TheIndianSubcontinent analyses what HDFC Bank, State Bank of India (SBI), ICICI Bank and Allahabad Bank pay on your fixed deposits:Fixed Deposit interest rates of HDFC BankDomestic / NRO / NRE Fixed DepositsApplicable from July 6, 2018Period< 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 mnths 1 day- 6 mnths 3 days6.35%6.85%6 mnths 4 days6.35%6.85%6 mnths 5 days- 9 mnths6.40%6.90%9 mnths 1 day- 9 mnths 3 days6.40%6.90%9 mnths 4 days6.40%6.90%9 months 5 days - 9 months 15 days6.40%6.90%9 months 16 days6.40%6.90%9 months 17 days < 1 Year6.40%6.90%1 Year6.85%7.35%1 year 1 day - 1 year 3 days6.65%7.15%1 year 4 days6.65%7.15%1 year 5 days - 1 Year 15 Days6.65%7.15%1 Year 16 days6.65%7.15%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%(: When To Invest In Mutual Fund Instead Of Bank Fixed Deposit Here's What Experts Say)Fixed deposit interest rates of State Bank of India (SBI) (Below Rs 1 crore) from sbi.co.inTenorsRevised For Public w.e.f.
28.05.2018Revised for Senior Citizens w.e.f.
28.05.20187 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 year6.657.152 years to less than 3 years6.657.153 years to less than 5 years6.77.25 years and up to 10 years6.757.25Fixed deposit interest rates of ICICI BankInterest rates on Domestic, NRO NRE deposits(Less than Rs 1 crore) from icicibank.comTenure PeriodRate of Interest (% p.a.) w.e.fJune07, 2018GeneralSenior 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 years77.55 years 1 day upto 10 years77.55 Years Tax saver FD(Max upto Rs.
1.50 lac)77.5(: Bank Fixed Deposits Vs Corporate Fixed Deposits: Interest Rates, Taxation, Risks)Fixed Deposit interest rates of Allahabad Bank from allahabadbank.inInterest rates on fixed deposits, (i.e.
term deposits of less than Rs 1 crore) in certain time buckets are as detailed below:TenorRevised Rate7 - 14 days4.00%15 - 29 days4.00%30 - 45 days4.50%46 - 60 days5.50%61 - 90 days6.00%91 - 179 days6.00%180 - 269 days6.25%270 days to less than 1 year6.50%1 year to less than 2 years6.60%2 years to less than 3 years6.50%3 years to less than 5 years6.50%5 years to 10 years6.50%Small finance banks like Suryoday Small Finance Bank and ESAF Small Finance Bank, among others, offer higher interest rates than larger peers.
Interest rates on post office fixed deposits range between 6.6 per cent and 7.4 per cent.