SBI, HDFC Bank, ICICI Bank, Indian Bank

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Fixed bank deposits are suitable for investors seeking a guaranteed return on their investments.

Fixed bank deposits (FD) are secure fixed income instruments with guaranteed returns. Unlike equities and mutual funds, term deposits offer badured returns as they are unaffected by market volatility. This makes bank deposits suitable for investors who fear risk and seek a guaranteed return on their investments. Major lenders such as the State Bank of India (SBI), HDFC Bank and ICICI Bank, among others, offer term deposits. Customers are required to keep their funds up to a predetermined period, then they can get attractive interest rates on that same thing. with effect from 6 November.

Here are the latest deposit or interest rates of the SBI, HDFC Bank, ICICI Bank and Indian Bank on deposits of less than 1 crore:

SBI

Expiration Period (Term) Interest Rates Effective July 30, 2018
General Public Senior Citizen
7 days to 45 days [19659010] 5.75 6.25
46 days to 179 days 6.25 6.75
180 days to 210 days 6.35 6.85
211 days to less than. one year 6.4 6.9
1 year to less than 2 years 6.7 7.2
2 years to less than 3 years 6.75 7.25
3 years to over More than 5 years 6.8 7.3
5 years and up to 10 years 6.85 7.35
(Source: sbi.co.in) [19659034] (Also Read: Post Savings Plans: Interest Rates on Nine Com comparisons)

HDFC Bank

(Source: hdfcbank.com)

ICICI Bank

Maturity Period (Term)) Interest Rates Effective August 14, 2018
] General public Elderly
7 days to 14 days 4 4.5
15 days to 29 days 4.25 4.75
30 days to 45 days [19659010] 6
46 days to 60 days 5.75 6.25
61 days to 90 days 6 [19659011] 6.5
91 days to 120 days 6 6.5
121 days to 184 days 6 6
185 days to 289 days 6.5 7
290 days to less than 30 days one year 6.75 7.25
One year to 389 days [19659011] 6.75 7.25
390 days to 2 years 7 7.5
2 years 1 day at 5 years old 7.25 7.75
5 years 1 next day to 10 years ns 7 7.5
5 years tax saver FD (Max. up to Rs. 1,50 lake) 7.25 7.75
(Source: icicibank.com)

(Also read: 10 investment options that can earn you money this Diwali)

Indian Bank

] Period Less than Rs 1 crore% per annum
Existing Revised
7 days to 14 days 4.50 * 4.50 * [19659092] 15 days to 29 days 4.50 4.50
30 days to 45 days 4.50 4.50
46 days to 90 days 5.00 5, 00
91 days to 120 days 6. 6.00
121 days in ISO days 6.00 6.
181 days to less than 9 months 6. 6.50
9 months to less than 1 year 6. 6.50
1 year 6.60 7.
More than one year to less than 2 years 6.50 6.60
2 years to less than 3 years 6.50 6.50
3 years and over [19659090] 6.00 6.00

(Source: indi anbank.in)

For the elderly, an additional interest rate of 0.50% on the FD is proposed for an amount up to $ 25. at 2 crores of Rs, said Indian Bank. The additional rate would be offered on deposits of 15 days to 10 years in addition to the rate of the card. from time to time

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