INSUBCONTINENT EXCLUSIVE:
SBI last revised its FD interest rates with effect from July 30, 2018.Fixed deposits (FDs) are secure investment instruments offered by
banks, non-banking financial companies (NBFCs) and post offices
In a bank fixed deposit (FD), investor can park lump sum amount and avail features like assured returns and choice of interest payout
Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the option of opening a FD
Fixed deposit interest rates vary according to the tenor of a fixed deposit
Recently, ICICI Bank hiked FD interest rates on select maturities
Private sector bank HDFC Bank and state-run lender Punjab National Bank (PNB) had earlier this month revised their interest rates on fixed
deposit.Public sector lender Vijaya Bank revised its fixed deposit (FD) rates with effect from November 12, 2018
(SBI):The following FD interest rates are applicable on deposits below Rs
1 crore: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
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 year6.75%-1 year to 389 days6.90%15 bps390
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
following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - vijayabank.com:Fixed Deposit
Interest rates % (p.a)Serial NumberPeriodBelow 1 crore (General public)17 days to 29 days5%230 days to 45 days5.50%346 days to 60 days6%461
days to 90 days6%591 days to 180 days6.35%6181 days to 269 days6.50%7270 days to less than 1 Year6.60%81Year6.80%9More than 1Year to less
interest rate for Senior Citizens is 0.50 per cent per annum and is applicable only for the deposits below Rs 1 crore from the period of 1
year to 5 years, Vijaya Bank noted on it's website.
