INSUBCONTINENT EXCLUSIVE:
The interest rates on fixed deposit (FD) vary across banks according to tenor of a fixed deposit.Bank fixed deposits or FDs are fixed-income
instruments which guarantee a fixed rate of return on investments
Leading lenders like State Bank of India (SBI), HDFC Bank, ICICI Bank, and Kotak Mahindra Bank offer facility of opening a fixed deposit
Some fixed deposits come with a premature withdrawal facility while some require a compulsory lock-in period
The interest rates on fixed deposits (FDs), which are revised from time to time, vary according to tenor of a fixed deposit
Fetch These Returns)State Bank of India(SBI)The following FD interest rates are applicable on deposits below Rs
28.11.2018Revised for Senior Citizens w.e.f
28.11.20187 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 year6.87.32 years to less than 3 years6.87.33 years to less than 5 years6.87.35 years and up to 10 years6.857.35(Source:
publicSenior 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 days6.75%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
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%(Source:
of Interest (% p.a.) w.e.f November 15, 2018Tenure PeriodGeneralSenior Citizen7 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 lakh)7.257.75(Source: icicibank.com)Kotak Mahindra BankThe following FD interest rates are for deposits below Rs 1 crore with effect
from December 20, 2018 according to bank's website - kotak.com:Interest Rates for Domestic / NRO / NRE Fixed Deposits effective from 20th
December 2018Maturity Periods - Premature Withdrawal AllowedRegular Less than Rs 1 CroreSenior citizen Less than Rs 1 Crore7 - 14
Days3.50%4.00%15 - 30 Days4.00%4.50%31 - 45 Days5.00%5.50%46 - 90 Days5.50%6.00%91 - 120 Days6.25%6.75%121 - 179 days6.25%6.75%180
Days7.00%7.50%181 Days to 269 Days7.00%7.50%270 Days7.00%7.50%271 Days to 363 Days7.00%7.50%364 Days7.00%7.50%365 Days to 389
Days7.30%7.80%390 Days (12 months 25 days)7.40%7.90%391 Days - Less than 23 Months7.30%7.80%23 Months7.25%7.75%23 months 1 Day- less than 2
years7.25%7.75%2 years- less than 3 years7.25%7.75%3 years and above but less than 4 years7.10%7.60%4 years and above but less than 5
years7.00%7.50%5 years and above upto and inclusive of 10 years6.50%7.00%Post offices also offer option of opening a fixed deposit (FD)
The government recently revised interest rates on post office fixed deposit scheme for quarter ending March 31, 2019.
