Compare in Fix Deposit rates offers by SBI, PNB, HDFC, Axis, ICICI Bank

Compare in Fix Deposit rates offers by SBI, PNB, HDFC, ICICI, Axis Bank. Fixed Deposit Interest Rates Offered By Key Public, Private Sector Banks. Interest rate on on Fix Deposit – which is a fixed income instrument – varies depending upon factors such as amount and maturity period.

Compare in Fix Deposit rates offers by SBI, PNB, HDFC, ICICI Bank

Interest rate on an FD or fixed deposit varies from one bank to another Bank. Interest rates on fixed deposits or term deposits are revised by commercial banks from time to time. Interest rate on an FD – which is a fixed income instrument – varies from one bank to Bank, depending upon factors such as MCLR (marginal cost of funds-based lending rate), maturity period or term and the deposit amount. You can open a fixed deposit for a period of 7 days to 10 years. A fixed deposit can help you save if you have a lump sum amount. An FD is beneficial for tax purposes as well when you invest in a tax saver fixed deposit.

Major public sector banks such as State Bank of India and Punjab National Bank pay interest rates to the tune of 5.7-6.85 per cent per annum on domestic fixed deposits up to Rs. 1 crore, while their private sector peers like HDFC Bank and ICICI Bank pay anywhere between 3.5 per cent and 7.3 per cent.

Here’s a comparison of interest rates on domestic fixed deposits below Rs. 1 crore paid by some of the top commercial banks in the country:

State Bank of India (SBI) FD Rates 2019

1. For Domestic & NRE*/NRO Retail Fixed Deposits (for amounts less than INR 2 Crore)

Accordingly, the interest rates for Retail Domestic Term Deposits ‘Below Rupees Two Crore ‘have been revised.The revised interest rates are as under :

(All figures in % per annum)

TenorsRevised For Public w.e.f. 09.05.2019Revised for Senior Citizens w.e.f. 09.05.2019
7 days to 45 days
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 1 year
6.40
6.90
1 year to less than 2 year
7.00
7.50
2 years to less than 3 years
6.75
7.25
3 years to less than 5 years
6.70
7.20
5 years and up to 10 years
6.60
7.10

The interest rate payable to SBI Staff and SBI pensioners will be 1.00% above the applicable rate. The rate applicable to all Senior Citizens and SBI Pensioners of age 60 years and above will be 0.50% above the rate payable for all tenors to resident Indian senior citizens i.e. SBI resident Indian Senior Citizen Pensioners will get both the benefits of Staff (1%) and resident Indian Senior Citizens (0.50%).

Punjab National Bank (PNB) FD Rates 2019

For Domestic & NRE*/NRO Retail Fixed Deposits (for amounts less than INR 2 Crore)

Rate Of Interest On Single Domestic / NRO / NRE Term Deposits (TD) Up To Rs.10 Cr. (Callable)

Domestic/NRO $ TD Less Than Rs.2 Cr.
W.E.F. 01.05.2019
PeriodGeneral publicSenior Citizen
7 to 14 days5.756.25
15 to 29days5.756.25
30 to 45 days5.756.25
46 to 90 days6.356.85
91 to 179 days6.356.85
111 days6.507.00
180 days to 270 Days6.356.85
222 days6.607.10
271 days to less than 1 year6.356.85
333 days6.957.45
1 year7.007.50
555 days6.857.35
above 1 year & upto 3 years6.757.25
above 3 year & upto 5 years6.256.75
above 5 years & upto 10 years6.256.75

The revised interest rates will be applicable to fresh Deposits and renewal of existing deposits with effect from 01.05.2019.

HDFC Bank FD Rates 2019

For Domestic & NRE*/NRO Retail Fixed Deposits (for amounts less than INR 1 Crore)

PeriodInterest 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 mnths 1 day- 6 mnths 3 days6.75%7.25%
6 mnths 4 days6.75%7.25%
6 mnths 5 days- 9 mnths6.75%7.25%
9 mnths 1 day- 9 mnths 3 days7.10%7.60%
9 mnths 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 FD Rates 2019

For Domestic & NRE*/NRO Retail Fixed Deposits (for amounts less than INR 2 Crore)

Tenure PeriodRate of Interest (% p.a.) w.e.f March 7, 2019
GeneralSenior Citizen*
7 days to 14 days4.004.50
15 days to 29 days4.254.75
30 days to 45 days5.506.00
46 days to 60 days6.006.50
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 days6.507.00
290 days to less than 1 year6.757.25
1 year to 389 days6.907.40
390 days to 2 years7.107.60
2 years 1 day upto 3 years7.508.00
3 years 1 day upto 5 years7.257.75
5 years 1 day upto 10 years7.007.50
5 Years Tax saver FD(Max upto Rs. 1.50 lac)7.257.75

Axis Bank FD Rates 2019

For Domestic & NRE*/NRO Retail Fixed Deposits For Public

PERIODINTEREST RATES (% P.A.)
DEPOSITS BELOW RS. 2 CROREDEPOSITS OF RS. 2 CRORE
< RS.4.91 CRORES
7 days to 14 days3.505.75
15 days to 29 days3.505.75
30 days to 45 days5.506.10
46 days to 60 days6.256.35
61 days < 3 months6.256.35
3 months < 4 months6.256.50
4 months < 5 months6.256.65
5 months < 6 months6.256.65
6 months < 7 months6.757.00
7 months < 8 months6.757.00
8 months < 9 months6.757.00
9 months < 10 months7.107.10
10 months < 11 months7.107.10
11 months < 1 year7.107.10
1 year < 1 year 5 days7.307.40
1 year 5 days < 1 year 11 days7.307.40
1 year 11 days < 13 months7.307.40
13 months < 14 months7.357.40
14 months < 15 months7.307.30
15 months < 16 months7.307.30
16 months < 17 months7.307.30
17 months < 18 months7.307.30
18 Months < 2 years7.307.30
2 years < 30 months7.507.50
30 months < 3 years7.507.50
3 years < 5 years7.257.25
5 years to 10 years7.007.00

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