The information provided in this article is generic in nature and for informational purposes only. Interest rates are subject to change at the sole discretion of HDFC Bank Ltd. Three years and above but less than four yearsįour years and above but less than five yearsįive years tax-saver FD (maximum Rs 1.50 lakh)Īll of these commercial banks offer slightly higher returns to senior citizen customers compared to other depositors. New customers can book a Fixed Deposit by opening a new Savings Account, existing HDFC Bank can book their Fixed Deposit by clicking here. Nine months one day to less than one yearĢ3 months and one day to less than two years Here are the current fixed deposit interest rates offered by top banks: SBI Lock-In Commercial banks such as SBI, HDFC Bank and Kotak Mahindra Bank revise the interest rates applicable to FDs from time to time. Retail fixed deposits are term deposits in which a lump sum amount up to Rs 2 crore is locked in for a fixed period of time, say five years. With effect from May 27, the lender provides interest rates to the tune of 2.9-5.4 per cent on fixed deposits to the general public, and 3.4-6.2 per cent to senior citizens. The country's largest lender by assets, State Bank of India, for example, provides eight maturity options with the longest one being from five years to 10 years. to know more about FD interest rate and other benefits. FD Interest Rate: India's top banks currently provide a range of maturity options for fixed deposits, starting from seven days. offers a wide range of FD schemes at a competitive interest rates with attractive and assured returns.
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