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This article is more than 1 year old.

Here are fixed deposit interest rates offered by top banks

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A fixed deposit (FDs) is a financial instrument which offers guaranteed return.

Here are fixed deposit interest rates offered by top banks
A fixed deposit (FDs) is a financial instrument which offers guaranteed return. Customers can invest money in fixed deposits for a specific period, ranging from seven days to 10 years. Banks usually pay a higher rate of interest to senior citizens compared to general public on fixed deposit accounts.
For example, the country's largest lender, SBI, pays interest at the rates of 5.00-6.75 to senior citizens and 4.50-6.25 to others on these fixed deposits.
Here's a comparison of the interest rates offered by the three major banks - SBI, ICICI Bank and HDFC Bank - on fixed deposits (FDs) up to Rs 2 crore:
SBI Fixed Deposit Rates
State Bank of India (SBI) offers the following FD interest rates on deposits below Rs 2 crore:
TenorsRates for publicRates for senior citizens
7 days to 45 days2.93.4
46 days to 179 days3.94.4
180 days to 210 days4.44.9
211 days to less than 1 year4.44.9
1 year to less than 2 year5.15.6
2 years to less than 3 years5.15.6
3 years to less than 5 years5.35.8
5 years and up to 10 years5.46.2
HDFC Bank Fixed Deposit Rates
HDFC Bank offers the following FD interest rates on deposits below Rs 2 crore:
TenorsRates for publicRates for senior citizens
7 - 14 days2.75%3.25%
15 - 29 days3.00%3.50%
30 - 45 days3.25%3.75%
46 - 60 days4.00%4.50%
61 - 90 days4.00%4.50%
91 days - 6 months4.10%4.60%
6 mnths 1 days - 9 mnths4.50%5.00%
9 mnths 1 day < 1 Year4.75%5.25%
1 Year5.25%5.75%
1 year 1 day - 2 years5.25%5.75%
2 years 1 day - 3 years5.35%5.85%
3 year 1 day- 5 years5.50%6.00%
5 years 1 day - 10 years5.50%6.25%*
ICICI Bank Fixed Deposit Rates
ICICI Bank offers the following FD interest rates on deposits below Rs 2 crore:
TenorsRates for publicRates for senior citizens
7 days to 14 days2.50%2.50%
15 days to 29 days2.50%2.50%
30 days to 45 days3.00%3.00%
46 days to 60 days3.00%3.00%
61 days to 90 days3.00%3.00%
91 days to 120 days3.50%3.50%
121 days to 184 days3.50%3.50%
185 days to 210 days4.00%4.00%
211 days to 270 days4.00%4.00%
271 days to 289 days4.25%4.25%
290 days to less than 1 year4.25%4.25%
1 year to 389 days4.75%4.75%
390 days to < 18 months4.75%4.75%
18 months days to 2 years5.00%5.00%
2 years 1 day to 3 years5.00%5.00%
3 years 1 day to 5 years5.00%5.00%
5 years 1 day to 10 years5.00%5.00%
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