INSUBCONTINENT EXCLUSIVE:
Banks keep on revising their FD interest rates from time to time.Fixed deposits (FDs) are secure investment instruments offered by banks,
non-banking financial companies, post office, which offer guaranteed returns
In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts
One can deposit a lump sum of money in fixed deposits for a specific period, ranging from 7 days to 10 years
Lenders also pay slightly higher interest rates on fixed deposits to senior citizens, compared to those applicable to the general public
Banks keep on revising their FD interest rates from time to time.Given below is a comparison of FD interest rates offered by SBI, UCO Bank,
HDFC Bank and ICICI Bank on deposits below Rs
1 crore:State Bank of India (SBI)The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's
website - sbi.co.in:TenorsRevised For Public w.e.f
30.07.2018Revised for Senior Citizens w.e.f
30.07.20187 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
following FD interest rates are for deposits below Rs 1 crore with effect from September 10, according to the bank's website -
ucobank.com:Time PeriodRevised Rate w.e.f 10.09.20187 - 14 Days4.50%15 - 29 Days4.50%30 - 45 Days5.00%46 - 60 Days5.50%61 - 90 Days5.50%91 -
120 Days6.00%121 - 150 Days6.00%151-180 Days6.00%181 to 364 days6.35%1 year6.70%More than 1 year upto 2 Years6.75%Above 2 Years upto 3
1 crore with effect from October 6, according to the bank's website - hdfcbank.com:Period< 1 CroreInterest Rate (per annum)Senior Citizen
Rates (per annum)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 days7.00%7.50%9 months 4 days7.00%7.50%9 months 5 days - 9 months 15 days7.00%7.50%9 months 16 days7.00%7.50%9 months 17 days < 1
Year7.00%7.50%1 Year7.25%7.75%1 year 1 day - 1 year 3 days7.25%7.75%1 year 4 days7.25%7.75%1 year 5 days - 1 Year 15 Days7.25%7.75%1 Year 16
days7.25%7.75%1 year 17 days - 2 Years7.25%7.75%2 years 1 day - 2 Years 15 days7.10%7.60%2 Years 16 days7.10%7.60%2 years 17 days - 3
FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - icicibank.com:Tenure PeriodRate of Interest
days5.756.2561 days to 90 days66.591 days to 120 days66.5121 days to 184 days66.5185 days to 289 days6.57290 days to less than 1
year6.757.251 year to 389 days6.757.25390 days to 2 years77.52 years 1 day up to 5 years7.257.755 years 1 day up to 10 years77.55 Years Tax
