INSUBCONTINENT EXCLUSIVE:
Bank fixed deposits are apt for investors seek a guaranteed return on their investments.Bank fixed deposits (FDs) are secure fixed-income
instruments which offer guaranteed returns
Unlike stocks and mutual funds, fixed deposits offer assured returns because they are unaffected by market volatility
This makes bank fixed deposits apt for investors who are risk-averse and seek a guaranteed return on their investments
Top lenders such as State Bank of India (SBI), HDFC Bank and ICICI Bank, among others, offer fixed deposits
Customers are required to park their funds until a pre-determined period and then they can earn attractive interest rates on the same.Banks
which have recently hiked FD interest ratesHDFC Bank and Indian Bank raised their fixed deposit interest rates with effect from November
6.Here are the latest fixed deposit or FD interest rates of SBI, HDFC Bank, ICICI Bank and Indian Bank on deposits below Rs 1
crore:SBIMaturity period (term)Interest rate with effect from July 30, 2018General publicSenior citizen7 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 year6.77.22 years to less than 3
Rates On Nine Accounts Compared)HDFC Bank(Source: hdfcbank.com)ICICI BankMaturity period (term)Interest rate with effect from August 14,
2018General publicSenior citizen7 days to 14 days44.515 days to 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 days6.57290 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 saver FD (Max up to Rs
to less than 2 years6.506.602 yeas to less than 3 years6.506.503 years and above6.006.00(Source: indianbank.in)To senior citizens, an
additional FD interest rate of 0.50 per cent is offered on amount up to Rs 2 crore, Indian Bank said
The additional rate would be offered on deposits of 15 days to 10 years over the card rate.(: SBI Posts 945 Crore Rupees Profit In September
Quarter, Beats Street Estimates)FD interest rates are subject to change from time to time.
