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Check Out Latest Fixed Deposit (FD) Interest Rates Of Key Banks

Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the facility of opening a fixed deposit.

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Check Out Latest Fixed Deposit (FD) Interest Rates Of Key Banks

The interest rates on FDs vary according to separate maturity baskets across different banks.


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 facility of opening a fixed deposit. These days FDs can also be created online. The interest rates on FDs vary according to separate maturity baskets across different banks. Most banks offer fixed deposits starting from seven days up to a tenor of 10 years. 

Given below are FD interest rates of SBI, HDFC Bank, ICICI Bank, Canara Bank and Punjab National Bank:

State Bank of India (SBI)

The following FD interest rates are applicable on deposits below Rs 2 crore with effect from May 9, 2019, according to sbi.co.in:

PeriodGeneral public (% p.a.)Senior citizens (% p.a.)
7 days to 45 days5.756.25
46 days to 179 days6.256.75
180 days to 210 days6.356.85
211 days to less than 1 year6.46.9
1 year to less than 2 year77.5
2 years to less than 3 years6.757.25
3 years to less than 5 years6.77.2
5 years and up to 10 years6.67.1

HDFC Bank

The following FD interest rates are applicable on deposits below Rs. 2 crore from April 11, 2019 according to hdfcbank.com:

PeriodGeneral public (% p.a.)Senior citizen (% p.a.)
7 - 14 days3.504.00
15 - 29 days4.254.75
30 - 45 days5.756.25
46 - 60 days6.256.75
61 - 90 days6.256.75
91 days - 6 months6.256.75
6 months 1 day- 6 months 3 days6.757.25
6 months 4 days6.757.25
6 months 5 days - 9 months6.757.25
9 months 1 day- 9 months 3 days7.107.60
9 months 4 days7.107.60
9 months 5 days - 9 months 15 days7.107.60
9 months 16 days7.107.60
9 months 17 days < 1 Year7.107.60
1 Year7.307.80
1 year 1 day - 1 year 3 days7.307.80
1 year 4 days7.307.80
1 year 5 days - 1 Year 15 Days7.307.80
1 Year 16 days7.307.80
1 year 17 days - 2 Years7.307.80
2 years 1 day - 2 Years 15 days7.407.90
2 Years 16 days7.407.90
2 years 17 days - 3 Years7.407.90
3 years 1 day - 5 years7.257.75
5 Years 1 Day - 8 Years6.507.00
8 Years 1 Day - 10 Years6.507.00

ICICI Bank

The following FD interest rates are applicable on deposits below Rs. 2 crore from March 7, 2019 according to icicibank.com:

PeriodGeneral public (% p.a.)Senior citizens (% p.a.)
7 days to 14 days44.5
15 days to 29 days4.254.75
30 days to 45 days5.56
46 days to 60 days66.5
61 days to 90 days6.256.75
91 days to 120 days6.256.75
121 days to 184 days6.256.75
185 days to 289 days6.57
290 days to less than 1 year6.757.25
1 year to 389 days6.97.4
390 days to 2 years7.17.6
2 years 1 day up to 3 years7.58
3 years 1 day up to 5 years7.257.75
5 years 1 day up to 10 years77.5
5 Years Tax saver FD (Max up to Rs. 1.50 lac)7.257.75

Canara Bank

The following FD interest rates are applicable on deposits less than Rs. 2 crore with effect from May 9, 2019, according to canarabank.com:

PeriodGeneral public (% p.a.)Senior citizens (% p.a.)
7 days to 14 days5.756.25
15 days to 30 days5.756.25
31 days to 45 days5.756.25
46 days to 60 days66.5
61 days to 90 days66.5
91 days to 120 days66.5
121 days to 179 days66.5
180 days to 269 days66.5
270 days to less than 1 year6.26.7
1 year only6.757.25
Above 1 year to less than 2 years6.77.2
2 years & above to less than 3 years6.77.2
3 years & above to less than 5 years6.67.1
5 years & above to less than 8 years66.5
8 years & above to 10 years66.5
444 Days (Canara Shikhar Deposit)6.657.15
555 Days (Canara Shikhar Deposit)6.77.2

Punjab National Bank

The following FD interest rates are applicable on deposits up to Rs. 2 crore with effect from May 1, 2019, according to pnbindia.in:

PeriodGeneral public (% p.a.)Senior Citizen (% p.a.)
7 to 14 days5.756.25
15 to 29 days5.756.25
30 to 45 days5.756.25
46 to 90 days6.356.85
91 to 179 days6.356.85
111 days6.57
180 days to 270 Days6.356.85
222 days6.67.1
271 days to less than 1 year6.356.85
333 days6.957.45
1 year77.5
555 days6.857.35
above 1 year & up to 3 years6.757.25
above 3 year & up to 5 years6.256.75
above 5 years & up to 10 years6.256.75

Small finance banks, on the other hand, pay higher returns on fixed deposits compared to private and public sector banks.

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