INSUBCONTINENT EXCLUSIVE:
Fixed deposit interest rates: Interest income is subject to the liable income tax.Fixed deposits help people save money and also earn an
attractive interest rate on the same
In a fixed deposit, customers can keep a certain amount of money with the bank for a specific tenure
In return for the fixed deposit, banks pay interest
Interest income is subject to the liable income tax
HDFC Bank, the largest private lender of the country, revised interest rates on fixed deposit (FD) accounts of various tenures with effect
from July 6, 2018, according to its website hdfcbank.com.Here TheIndianSubcontinent analyses what HDFC Bank, State Bank of India (SBI),
ICICI Bank and Allahabad Bank pay on your fixed deposits:Fixed Deposit interest rates of HDFC BankDomestic / NRO / NRE Fixed
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 mnths 1 day- 6 mnths 3
days6.35%6.85%6 mnths 4 days6.35%6.85%6 mnths 5 days- 9 mnths6.40%6.90%9 mnths 1 day- 9 mnths 3 days6.40%6.90%9 mnths 4 days6.40%6.90%9
months 5 days - 9 months 15 days6.40%6.90%9 months 16 days6.40%6.90%9 months 17 days < 1 Year6.40%6.90%1 Year6.85%7.35%1 year 1 day - 1 year
3 days6.65%7.15%1 year 4 days6.65%7.15%1 year 5 days - 1 Year 15 Days6.65%7.15%1 Year 16 days6.65%7.15%1 year 17 days - 2 Years7.00%7.50%2
Say)Fixed deposit interest rates of State Bank of India (SBI) (Below Rs 1 crore) from sbi.co.inTenorsRevised For Public w.e.f
28.05.2018Revised for Senior Citizens w.e.f
28.05.20187 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
interest rates of ICICI BankInterest rates on Domestic, NRO NRE deposits(Less than Rs 1 crore) from icicibank.comTenure PeriodRate of
60 days5.756.2561 days to 90 days66.591 days to 120 days66.5121 days to 184 days66.5185 days to 289 days6.256.75290 days to less than 1
year6.571 year to 389 days6.67.1390 days to 2 years6.757.252 years 1 day upto 5 years77.55 years 1 day upto 10 years77.55 Years Tax saver
Bank from allahabadbank.inInterest rates on fixed deposits, (i.e
45 days4.50%46 - 60 days5.50%61 - 90 days6.00%91 - 179 days6.00%180 - 269 days6.25%270 days to less than 1 year6.50%1 year to less than 2
Finance Bank and ESAF Small Finance Bank, among others, offer higher interest rates than larger peers
Interest rates on post office fixed deposits range between 6.6 per cent and 7.4 per cent.
