INSUBCONTINENT EXCLUSIVE:
Interest rates on fixed deposits are revised by banks from time to time.Fixed deposit (FD) is a financial instrument that offers guaranteed
In a fixed deposit account, money is deposited for a specific time, which varies from 7 days to ten years
Some FDs come with a premature withdrawal facility while some require a compulsory lock-in period
Interest rates on fixed deposits are revised by banks from time to time
Interest rate on an FD varies from one bank to another, depending upon factors such as MCLR (marginal cost of funds-based lending rate),
per cent per annum on domestic fixed deposits up to Rs 2 crore for general public, while the private sector peers like HDFC Bank and ICICI
Bank of India (SBI)The following FD interest rates are applicable on deposits below Rs 2 crore, according to the bank's website -
sbi.co.in:TenorsRevised For Public w.e.f
22.02.2019Revised for Senior Citizens w.e.f
22.02.20197 days to 45 days5.75%6.25%46 days to 179 days6.25%6.75%180 days to 210 days6.35%6.85%211 days to less than 1 year6.4%6.9%1 year
to less than 2 year6.8%7.3%2 years to less than 3 years6.8%7.3%3 years to less than 5 years6.8%7.3%5 years and up to 10
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:
icicibank.com:Rate of Interest (% p.a.) w.e.f November 15, 2018Tenure PeriodGeneralSenior Citizen7 days to 14 days4%4.5%15 days to 29
days4.25%4.75%30 days to 45 days5.5%6%46 days to 60 days6%6.5%61 days to 90 days6.25%6.75%91 days to 120 days6.25%6.75%121 days to 184
days6.25%6.75%185 days to 289 days6.5%7%290 days to less than 1 year6.75%7.25%1 year to 389 days6.9%7.4%390 days to 2 years7.1%7.6%2 years 1
day up to 3 years7.5%8%3 years 1 day up to 5 years7.25%7.75%5 years 1 day up to 10 years7%7.5%5 years Tax saver FD (max up to Rs
30 days5.55%331 - 45 days5.55%446 - 59 days5.55%560 - 90 days5.55%691 - 179 days6.5%7180 - 270 days6.55%8271 - 364 days6.55%91 yr to less
than 2 yrs6.65%102 yr to less than 3 years6.55%113 yr to less than 5 years6.55%125 years above up to 10 years6.55%13555 days6.65%14777
Post office fixed deposit (FD) account offers interest rates across four maturities: one year, two years, three years, and five years,
according to India Post's official website- indiapost.gov.in.
