INSUBCONTINENT EXCLUSIVE:
ixed deposit interest rates are also higher than those offered by savings accounts.A fixed deposit (FD) is a financial instrument which
offers guaranteed returns
In a fixed deposit account, money is deposited for a specific time, which varies from 7 days to ten years
Fixed deposit interest rates are also higher than those offered by savings accounts
Some fixed deposit accounts come with the facility of premature withdrawal while some have a compulsory lock-in period
Recently, State Bank of India, the largest lender of the country, revised its fixed deposit interest rates, across various maturities,
amounts and for both general and senior citizens. Here is a comparison of fixed deposit (FD) rates offered by State Bank of India (SBI),
Yes Bank, ICICI Bank and HDFC Bank:Fixed deposit (FD) rates offered by State Bank of India (Below Rs
1 crore):Revised For Public from July 30, 2018:TermInterest rate for general public (% per annum)Interest rate for senior citizens (% per
annum)46 days to 179 days6.256.75180 days to 210 days6.356.85211 days to less than 1 year6.46.91 year to less than 2 year6.77.22 years to
less than 3 years6.757.253 years to less than 5 years6.87.35 years and up to 10 years6.857.35Fixed deposit (FD) rates offered by Yes
Bank:PeriodRates for < 1 Crore w.e.f 5th June 2018Regular Interest RatesSenior Citizen Interest Rates7 to 45 days5.00%5.50%46 to 90
days7.00%7.50%3 months to < 6 months6.90%7.40%6 months to < 9 months6.70%7.20%9 months to < 1 Year6.70%7.20%1 Years to
