INSUBCONTINENT EXCLUSIVE:
Fixed deposit rates: Financial institutions such as India Post offer FD terms of seven days-10 yearsState Bank of India, the country's
A fixed deposit or a term deposit is a fixed income financial instrument in which the deposit is locked in for a predefined period for
Deposit small savings scheme.State Bank of India fixed deposit maturity options/interest ratesOn fixed deposits up to Rs 2 crore, State Bank
(term)Interest rate with effect from February 22, 2019For publicFor senior citizens7 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%(Source: sbi.co.in)Post office fixed deposit
interest rate/maturity optionsFor the quarter ending June 30, 2019, the government offers interest to the tune of 7-7.8 per cent on term
The government reviews the interest rates applicable to small savings schemes such as Time Deposit accounts on a quarterly basis
For the first quarter of financial year 2019-20, the interest rates on small savings schemes have been kept unchanged at the same levels as
the previous quarter (fourth quarter of financial year 2018-19).Maturity period (term)Interest rateOne year7.0%Two years7.0%Three
years7.0%Four years7.8%(Source: indiapost.gov.in)Meanwhile, India Post also provides a range of government-run small savings schemes such as
Public Provident Fund (PPF), Kisan Vikas Patra, Senior Citizen Savings Scheme and Recurring Deposit accounts.Get the latest election news,
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