INSUBCONTINENT EXCLUSIVE:
The tenure of an FD ranges from seven days to 10 years.Bank fixed deposits (FDs) are fixed income instruments which offer fixed returns for
a pre-determined specific period of time
Bank FDs are meant for people who are looking for guaranteed returns, unaffected by market uncertainties, say analysts
These accounts require customers to deposit a lump sum amount for a rate of interest that is higher than savings accounts
The tenure of an FD ranges from seven days to 10 years
FDs with lock-in periods of five or 10 years offer income tax benefits under Section 80 C of Income Tax Act, 1961
Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the option of opening a fixed deposit.State Bank of
bank's website- sbi.co.in:PeriodGeneral public (% p.a.)Senior citizens (% p.a.)7 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 year6.40%6.90%1 year to less than 2 year6.80%7.30%2 years to less than 3 years6.80%7.30%3
years to less than 5 years6.80%7.30%5 years and up to 10 years6.85%7.35%HDFC BankThe following FD interest rates are applicable on deposits
p.a.)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 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
days7.30%7.80%1 year 17 days - 2 Years7.30%7.80%2 years 1 day - 2 Years 15 days7.40%7.90%2 Years 16 days7.40%7.90%2 years 17 days - 3
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%ICICI BankThe following
icicibank.com:PeriodGeneral public (% p.a.)Senior citizens (% p.a.)7 days to 14 days44.5%15 days to 29 days4.254.75%30 days to 45
days5.56%46 days to 60 days66.5%61 days to 90 days6.256.75%91 days to 120 days6.256.75%121 days to 184 days6.256.75%185 days to 289
days6.57%290 days to less than 1 year6.757.25%1 year to 389 days6.97.4%390 days to 2 years7.17.6%2 years 1 day up to 3 years7.58%3 years 1
day up to 5 years7.257.75%5 years 1 day up to 10 years77.5%5 Years Tax saver FD (Max up to Rs
1, 2019, according to bank's website- centralbankofindia.co.in:Sr.No.Maturity PeriodLess than 2 cr w.e.f 01/03/201917 -14 days4.8%215 - 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 upto 10 years6.55%13555 days6.65%14777
days6.55%15Cent Double6.55%Small finance banks, on the other hand, pay higher returns on fixed deposits as compared to private and public
sector banks.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
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