INSUBCONTINENT EXCLUSIVE:
Fixed deposit interest rates: Fixed deposits (FDs) are offered by both banks and corporate houses.Fixed deposits or FDs are offered by banks
as well as corporate houses
However, fixed deposit (FD) interest rates of non-banking finance companies are more attractive than their banking peers
This is because the risks associated with corporate fixed deposits are higher than bank fixed deposits, say experts
"Customers should invest in high-rated corporate (fixed) deposits with AAA or equivalent rating, and avoid choosing a low-credit rating
Dinesh Rohira, founder and CEO, 5nance.com.Bank fixed deposits are secured by the Reserve Bank of India up to Rs 1 lakh
This means that even if a bank goes bankrupt, each depositor will get this sum
Corporate fixed deposits do not offer any such security
If the non-banking finance company goes out of funds, it might default on interest payments.Given below are interest rates on fixed deposits
(FD) offered by SBI, HDFC Bank, ICICI Bank, Bajaj Finserv, and Shriram Transport Finance Company:Fixed deposit interest rates of State Bank
of India (SBI) (Below Rs 1 crore) from sbi.co.inThe following fixed deposit interest rates came into effect on May 28, said
SBI.TenorsInterest rate (in per cent) for public w.e.f
28.05.2018Interest rate 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
than 2 year6.657.152 years to less than 3 years6.657.153 years to less than 5 years6.77.25 years and up to 10 years6.757.25(Source:
sbi.co.in)(: Fixed Deposit Interest Rates Of This Bank Are Better Than SBI's)Fixed Deposit interest rates of HDFC BankDomestic / NRO / NRE
p.a.) w.e.f July 6, 2018TenureInterest rate for general publicInterest rate for senior 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 days6.35%6.85%6 months
4 days6.35%6.85%6 months 5 days- 9 months6.40%6.90%9 months 1 day- 9 months 3 days6.40%6.90%9 months 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 years 1day - 2
Accounts Of SBI, ICICI Bank, HDFC Bank)Fixed deposit interest rates of ICICI BankInterest rates on Domestic, NRO NRE deposits (Less than Rs
29 days4.254.7530 days to 45 days5.5646 days to 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 FD(Max upto Rs
1.50 lac)77.5(Source: icicibank.com)Fixed deposit interest rates of Bajaj FinservCustomers can choose from cumulative fixed deposits (where
interest is payable at the time of maturity) or non-cumulative fixed deposits (where interest may be payable at monthly, quarterly,
half-yearly or annual basis), said Bajaj Finserv at bajajfinserv.in.Tenor in MonthsMinimum deposit size (in
608.40%8.13%8.18%8.25%8.40%Special tenors scheme151, 00, 0007.85%7.60%7.64%7.71%7.85%(: When To Invest In Mutual Fund Instead Of Bank Fixed
Deposit (FD) Here's What Experts Say)Fixed deposit interest rates of Shriram Transport Finance CompanyShriram Transport said on its website
stfc.in that it offers an additional interest of 0.15 per cent per annum on all renewals, where the fixed deposit is matured on or after
15th June 2018.INTEREST RATES-ON FRESH DEPOSITS/RENEWALS (w.e.f
AYearly % P.ARate (P.A at Monthly rests)Effective Yield % P
5000/-127.497.547.617.757.497.755,388247.727.777.8587.728.325,832368.288.348.428.68.289.366,404488.288.348.428.68.289.786,956608.288.348.428
