Looking to invest in a Fixed Deposit? Read ahead and know more about the latest fixed deposit interest rates offered by different banks of India.
| Bank Name | Rates of Interest | Investment Period |
|---|---|---|
| SBI | 5.75% - 6.85% | 7 days to 10 years |
| Bajaj Finserv | 8.00% - 8.75% | 12 months to 60 months |
| HDFC Bank | 3.50% - 7.40% | 7 days to 10 years |
| ICICI Bank | 4.00% - 7.50% | 7 days to 10 years |
| Axis Bank | 3.50% - 7.55% | 7 days to 10 years |
| IDFC Bank | 4.00% - 8.25% | 7 days to 10 years |
| IDFC Bank | 5.75% - 6.75% | 7 days to 10 years |
Note: The FD interest rates are subject to change as per the banks discretion.
Click here to know more about Fixed Deposit Interest Rates 2019 in India
Note: The FD interest rates are subject to change as per the banks discretion.
Before opening an FD account, you need to evaluate certain factors such as investment amount, rate of interest, tenure, penalties, etc.
Take into consideration market volatility and economic fluctuations as these factors affect the rate of interest for a particular financial year. If you think that the rate of interest is going to fall in the near future, then opting for an FD with a longer duration is a suitable choice.
Different banks offer different types of interest rates on different types of FDs. Always compare the interest rates of different FDs and select the best option.
Carefully plan all your expenses and then open an FD account as an FD account will lock the money amount and you will not be able to withdraw the same.
A tax saving FD is an FD which comes with a lock-in period of 5 years and investors are eligible for tax benefit as per Section 80C of the Income Tax Act, 1961.
Click to know about Banks offering Tax Saving FDs
Note: The FD interest rates are subject to change as per the banks discretion.
Is the rate of interest on FD for senior citizens higher than regular fixed deposit?
Yes, it is usually higher, by around 0.25% to 0.75% than the interest rates applicable for individuals.
Why does FD rate fluctuate?
The rate of FD fluctuates because it is affected by the economic factors that influence the economy of a country.
What is the minimum amount that can be deposited into an FD account?
The minimum amount that can be deposited into an FD account is ₹1000.
What is the interest rate of FD in HDFC Bank?
The interest rate for FD in HDFC bank ranges from 3.50% - 7.40%
