INSUBCONTINENT EXCLUSIVE:
The interest rates on FDs vary according to the tenor of a fixed deposit.Fixed deposit (FDs), also known as term deposits, are secure
investment instruments offered by private and public sector banks, small finance banks, non-banking financial companies (NBFCs) and post
The funds in these accounts are held for a fixed term, has a specified date of maturity and offer assured returns
From a fixed deposit, the money can only be withdrawn only after the term has ended or by giving a predetermined number of days notice
interest rates on fixed deposits with effect from November 28
Private sector peers HDFC Bank and ICICI Bank last revised their FD interest rates on November 6 and November 15 respectively
Public sector bank Canara Bank revised their FD interest rates on select maturities with effect from November 1.State Bank of India
28.11.2018Revised for Senior Citizens w.e.f
28.11.20187 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 year6.8%7.3%2 years to less than 3 years6.8%7.3%3 years to less than 5 years6.8%7.3%5 years and up to 10
Citizen7 days to 14 days4%4.5%15 days to 29 days4.25%4.75%30 days to 45 days5.5%6%46 days to 60 days6%6.5%61 days to 90 days6.25%6.75%91
days to 120 days6.25%6.75%121 days to 184 days6.25%6.75%185 days to 289 days6.5%7%290 days to less than 1 year6.75%7.25%1 year to 389
days6.9%7.4%390 days to 2 years7.1%7.6%2 years 1 day upto 3 years7.5%8%3 years 1 day upto 5 years7.25%7.75%5 years 1 day upto 10
years7%7.5%5 Years Tax saver FD(Max upto Rs
01.11.2018Term Deposits (All Maturities)General PublicSenior CitizenRate of Interest (% p.a)Rate of Interest (% p.a)7 days to 14
days6.256.75121 days to 179 days6.256.75180 days to 269 days6.356.85270 days to less than 1 year6.46.91 year only7.07.5Above 1 year to less
than 2 years77.52 years above to less than 3 years6.77.23 years above to less than 5 years6.26.75 years above to less than 8 years6.26.78
Rate (%) effective from 05-04-2018Up to less than Rs 1 Cr (General public)7-14 days*4.50%15-29 days4.50%30-45 Days4.50%46 -60 Days4.60%61-90
days4.60%91-120 days5.25%121-179 days5.50%180 -269 days5.75%270 days - < 1 year6.25%1 yr -
