INSUBCONTINENT EXCLUSIVE:
Fixed Deposit (FD) Interest Rate Comparison: Banks change FD interest rates from time to time.Bank fixed deposits or bank FDs are considered
a secure form of investment
When you invest money in a fixed deposit, banks guarantee the rate of annual return on the investment
FD returns are not linked to market volatility
So, even if markets fluctuate, returns on fixed deposits stay unchanged
Banks, however, change fixed deposit or FD interest rates from time to time
From 7 days to 10 years, bank fixed deposits come with different maturity periods
Investors can opt for a monthly, quarterly and annual interest payout.Bank FD accounts with a lock-in period of five or 10 years are
eligible for deduction in income tax under Section 80C of the Income Tax Act
Interim Budget 2019-20 proposed to increase the limit for tax deduction at source (TDS) on interest income earned on bank and post office
following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - sbi.co.in:TenorsRevised For
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:
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 crore, according to the bank's website - icicibank.com:Rate 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
07.09.187 days to 14 days5.25*%15 days to 30 days5.25%31 days to 45 days5.25%46 days to 90 days5.75%91 days to 120 days6%121 days to 179
days6%180 days to 269 days6.25%270 days to less than 1 year6.25%1 Year above to less than 2 Yrs6.65%2 years above to less than 3
years6.70%3 years above to less than 5 years6.50%5 years above to less than 8 years6.50%8 years above to 10 years6.35%An additional
bankofbaroda.comTenorsBelow Rs 1 Cr
14.01.19)7 days to 14 days4.50%15 days to 45 days4.75%46 days to 90 days5%91 days to 180 days5.75%181 days to 270 days6.50%271 days above
and less than 1 year6.50%1 year6.70%Above 1 year to 400 days6.85%Above 400 days and upto 2 Years6.80%Above 2 Years and upto 3
Years6.70%Above 3 Years and upto 5 Years6.70%Above 5 Years and upto 10 Years6.70%444 days (Only for Baroda Samriddhi Deposit
