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Here Are Fixed Deposit Interest Rates Of Key Lenders

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act

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Here Are Fixed Deposit Interest Rates Of Key Lenders

Fixed deposit interest rates are subject to change from time to time.


A fixed deposit (FDs) is a secure financial instrument offered by banks, post offices, small finance banks, non-banking financial companies which fetch guaranteed returns. In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts. One can deposit a lump sum of money in fixed deposits for a specific period, ranging from seven days to 10 years. Fixed deposit interest rates are subject to change from time to time. Public sector lender Canara Bank, revised its fixed deposit interest rates with effect from March 12, 2019. 

Here's a comparison of fixed deposit (FD) interest rates paid by SBI, Canara Bank, Yes Bank, HDFC Bank and ICICI Bank:

State Bank of India

Given below are the latest SBI FD interest rates on deposits below Rs. 2 crore:

TenorsRevised For Public w.e.f. 22.02.2019Revised for Senior Citizens w.e.f. 22.02.2019
7 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 years6.85%7.35%
(Source: sbi.co.in)

 

Canara Bank

Given below are the latest FD interest rates according to canarabank.com:

DomesticRate of Interest (%) p.a. For deposits less than Rs 2 crore from March 12, 2019
Term Deposits (All Maturities)General Public Rate of Interest (% p.a)Senior Citizen Rate of Interest (% 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 days6.256.75
61 days to 90 days6.256.75
91 days to 120 days6.256.75
121 days to 179 days6.256.75
180 days to 269 days6.356.85
270 days to less than 1 year6.46.9
1 year only77.5
Above 1 year to less than 2 years77.5
2 years & above to less than 3 years6.77.2
3 years & above to less than 5 years6.26.7
5 years & above to less than 8 years6.26.7
8 years & above to 10 years6.26.7
444 Days (Canara Shikhar Deposit)7.057.55
555 Days (Canara Shikhar Deposit)7.17.6

 

Yes Bank 

Given below are the latest Yes Bank FD interest rates according to yesbank.in:

PeriodRates for < 2 Crore w.e.f March 5, 2019
RegularSenior Citizen
Interest RatesInterest Rates
7 to 45 days5.00%5.50%
46 to 90 days6.25%6.75%
3 months to < 6 months6.50%7.00%
6 months to < 9 months6.85%7.35%
9 months to < 1 Year7.15%7.65%
1 Years to <= 10 years*7.25%7.75%
12 Months 10 Days to 12 Months 20 Days7.50%8.00%
18 Months 8 Days to 18 Months 18 Days7.85%8.35%
36 Months 10 Days to 36 Months 20 Days7.50%8.00%

 

HDFC Bank

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

Period

Interest Rate

(per annum)

Senior Citizen Rates

(per annum)

7 - 14 days3.50%4.00%
15 - 29 days4.25%4.75%
30 - 45 days5.75%6.25%
46 - 60 days6.25%6.75%
61 - 90 days6.25%6.75%
91 days - 6 months6.25%6.75%
6 months 1 day- 6 months 3 days6.75%7.25%
6 months 4 days6.75%7.25%
6 months 5 days- 9 months6.75%7.25%
9 months 1 day- 9 months 3 days7.10%7.60%
9 months 4 days7.10%7.60%
9 months 5 days - 9 months 15 days7.10%7.60%
9 months 16 days7.10%7.60%
9 months 17 days < 1 Year7.10%7.60%
1 Year7.30%7.80%
1 year 1 day - 1 year 3 days7.30%7.80%
1 year 4 days7.30%7.80%
1 year 5 days - 1 Year 15 Days7.30%7.80%
1 Year 16 days7.30%7.80%
1 year 17 days - 2 Years7.30%7.80%
2 years 1day - 2 Years 15 days7.40%7.90%
2 Years 16 days7.40%7.90%
2 years 17 days - 3 Years7.40%7.90%
3 years 1day - 5 years7.25%7.75%
5 Years 1 Day - 8 Years6.50%7.00%
8 Years 1 Day - 10 Years6.50%7.00%

 

ICICI Bank

The following FD interest rates are applicable on deposits below Rs. 2 crore according to icicibank.com:

Rate of Interest applicable from March 7, 2019
Tenure PeriodGeneralSenior Citizen
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 upto Rs. 1.50 lac)7.257.75

 

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.



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