INSUBCONTINENT EXCLUSIVE:
Recently, ICICI Bank also hiked FD interest rates on select maturities.Private sector lender Kotak Mahindra Bank revised its fixed deposit
(FD) rates with effect from November 15, 2018
The latest rates are applicable across various tenors for domestic term deposits or fixed deposits (FDs), the lender noted on it's official
Kotak Mahindra Bank offers up to 7.30% FD interest rate for the general public and 7.80% for the senior citizens
Recently, ICICI Bank also hiked FD interest rates on select maturities
Private sector bank HDFC Bank, Canara Bank and state-run lender Punjab National Bank (PNB) had earlier this month revised their interest
CitizensMaturity Periods - Premature Withdrawal AllowedLess than Rs 1 croreLess than Rs 1 Crore7 - 14 Days3.50%4.00%15 - 30 Days4.00%4.50%31
- 45 Days5.00%5.50%46 - 90 Days5.50%6.00%91 - 120 Days6.50%7.00%121 - 179 days6.50%7.00%180 Days7.00%7.50%181 Days to 269 Days7.00%7.50%270
Days7.00%7.50%271 Days to 363 Days7.00%7.50%364 Days7.00%7.50%365 Days to 389 Days7.30%7.80%390 Days (12 months 25 days)7.30%7.80%391 Days -
Less than 23 Months7.25%7.75%23 Months7.25%7.45%23 months 1 Day- less than 2 years7.25%7.45%2 years- less than 3 years7.25%7.45%3 years and
above but less than 4 years7.10%7.29%4 years and above but less than 5 years7.00%7.19%5 years and above upto and inclusive of 10
1 crore, according to the bank's website - sbi.co.in:Maturity period (term)Interest rate with effect from July 30, 2018General publicSenior
citizen7 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 year6.4%6.9%1 year to
less than 2 year6.7%7.2%2 years to less than 3 years6.75%7.25%3 years to less than 5 years6.8%7.3%5 years and up to 10
November 15)Increase in basis points (bps)7 days to 14 days4.00%-15 days to 29 days4.25%-30 days to 45 days5.50%-46 days to 60 days6.00%25
bps61 days to 90 days6.25%25 bps91 days to 120 days6.25%25 bps121 days to 184 days6.25%25 bps185 days to 289 days6.50%-290 days to less than
1 crore from November 6, 2018, according to the bank's website - hdfcbank.com:The following FD interest rates are applicable on deposits
NoPeriodGeneral public (% p.a.)For Senior Citizen (% p.a.)17 to 14 days5.76.2215 to 29days5.76.2330 to 45 days5.76.2446 to 90
days6.356.85591 to 179 days6.356.856180 days to 270 Days6.356.857271 days to less than 1 year6.356.8581 year6.757.259555
days**6.857.3510above 1 year upto 3 years6.757.2511above 3 year upto 5 years6.256.7512above 5 years upto 10 years6.257.27Investment in a
fixed deposit account fetches assured returns
