Fixed deposit interest rates: Fixed deposits (FDs) are offered by both banks and corporate houses.Fixed deposits or FDs are offered by banks as well as corporate houses.
However, fixed deposit (FD) interest rates of non-banking finance companies are more attractive than their banking peers.
This is because the risks associated with corporate fixed deposits are higher than bank fixed deposits, say experts.
"Customers should invest in high-rated corporate (fixed) deposits with AAA or equivalent rating, and avoid choosing a low-credit rating company.
However, those who are very risk-averse should continue choosing bank fixed deposits which ensure a psychological comfort," said Dinesh Rohira, founder and CEO, 5nance.com.Bank fixed deposits are secured by the Reserve Bank of India up to Rs 1 lakh.
This means that even if a bank goes bankrupt, each depositor will get this sum.
Corporate fixed deposits do not offer any such security.
If the non-banking finance company goes out of funds, it might default on interest payments.Given below are interest rates on fixed deposits (FD) offered by SBI, HDFC Bank, ICICI Bank, Bajaj Finserv, and Shriram Transport Finance Company:Fixed deposit interest rates of State Bank of India (SBI) (Below Rs 1 crore) from sbi.co.inThe following fixed deposit interest rates came into effect on May 28, said SBI.TenorsInterest rate (in per cent) for public w.e.f.
28.05.2018Interest rate 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 years6.757.25(Source: sbi.co.in)(: Fixed Deposit Interest Rates Of This Bank Are Better Than SBI's)Fixed Deposit interest rates of HDFC BankDomestic / NRO / NRE Fixed DepositsThe following fixed deposit interest rates are applicable from July 6, 2018, according to hdfcbank.com.Rate of Interest (% p.a.) w.e.f July 6, 2018TenureInterest rate for general publicInterest rate for senior 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 days6.35%6.85%6 months 4 days6.35%6.85%6 months 5 days- 9 months6.40%6.90%9 months 1 day- 9 months 3 days6.40%6.90%9 months 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%(Source: hdfcbank.com)(: Interest Rates On Fixed Deposits, Recurring Deposits, Savings Accounts Of SBI, ICICI Bank, HDFC Bank)Fixed deposit interest rates of ICICI BankInterest rates on Domestic, NRO NRE deposits (Less than Rs 1 crore) from icicibank.comRate of Interest (% p.a.) w.e.f June 07, 2018TenureGeneral publicSenior Citizen7 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(Source: icicibank.com)Fixed deposit interest rates of Bajaj FinservCustomers can choose from cumulative fixed deposits (where interest is payable at the time of maturity) or non-cumulative fixed deposits (where interest may be payable at monthly, quarterly, half-yearly or annual basis), said Bajaj Finserv at bajajfinserv.in.Tenor in MonthsMinimum deposit size (in Rs.)CumulativeNon-CumulativeMonthlyQuarterlyHalf-yearlyYearly12 2325, 0007.60%7.35%7.39%7.46%7.60%24 358.15%7.88%7.93%8.00%8.15%36 608.40%8.13%8.18%8.25%8.40%Special tenors scheme151, 00, 0007.85%7.60%7.64%7.71%7.85%(: When To Invest In Mutual Fund Instead Of Bank Fixed Deposit (FD) Here's What Experts Say)Fixed deposit interest rates of Shriram Transport Finance CompanyShriram Transport said on its website stfc.in that it offers an additional interest of 0.15 per cent per annum on all renewals, where the fixed deposit is matured on or after 15th June 2018.INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f.
15th Jun 2018)NORMAL SCHEMENon-Cumulative DepositsCumulative DepositPeriod (months)Monthly % P.
AQuarterly % P.
AHalf yearly % P.
AYearly % P.ARate (P.A at Monthly rests)Effective Yield % P.
Amaturity value for 5000/-127.497.547.617.757.497.755,388247.727.777.8587.728.325,832368.288.348.428.68.289.366,404488.288.348.428.68.289.786,956608.288.348.428.68.2810.217,553Fixed deposit interest rates of small finance banks are higher than their larger peers.