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4 Leading Banks That Bid Up To 5.50% Interest Rate On FDs

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A range of benefits are provided by fixed deposits but the most searched after tenure and deposit amount is assured returns. That being said, across multiple FD providers, the returns provided on FD are not the same and standard, hence it differs based on the tenure and deposits. A significant factor to glance at before investing in the FD is the maximum FD interest rates across all banks and NBFCs. With banks or NBFCs that have the highest AAA rankings, classified by ICRA and CRISIL, one can invest in FDs and get guaranteed returns. For a term of 2 years to 3 years, IDFC Bank currently provides the maximum fixed deposit interest rate of 7.50 percent.

 

In addition, with an interest rate of 8.00 percent, Jana Small Finance Bank provides the best returns on a fixed deposit for senior citizens. Before investing your money on any FD deposit, it is always crucial to compare the FD interest rates provided by different banks. This month four of India's leading commercial giants have revised their interest rates on fixed deposits and taking this into consideration we have covered the latest interest rates for deposit amount below Rs.2 Crore provided by HDFC Bank, Axis Bank, SBI and Canara Bank to general public for tenures ranging from 7 days to 10 years.

4 Leading Banks That Bid Up To 5.50% Interest Rate On FDs

HDFC Bank FD Interest Rates

HDFC Bank bid an interest rate of 2.50 percent on deposits between 7 days and 29 days, and 3 percent on deposits with a maturity period of 30 to 90 days. 3.5 percent for 91 days to 6 months and 4.4 percent for 6 months, 1 day to less than one year. On FDs maturing in one year the bank offers 4.9 per cent. An interest rate of 4.9 percent will be generated by term deposits maturing in one year and two years. 5.15 percent for FDs maturing in 2 years to 3 years and 5.30 percent in 3 years to 5 years. There will be 5.50 percent return on deposits for a maturity period of 5 years to 10 years respectively.

 

7 - 14 days 2.50%

15 - 29 days 2.50%

30 - 45 days 3%

46 - 60 days 3%

61 - 90 days 3%

91 days - 6 months 3.5%

6 months 1 days - 9 months 4.4%

9 months 1 day < 1 Year 4.4%

1 year - 4.9%

1 year 1 day - 2 years 4.9%

2 years 1 day - 3 years 5.15%

3 year 1 day- 5 years 5.30%

5 years 1 day - 10 years 5.50%

Axis Bank FD Interest Rates

Axis Bank delivers an interest rate of 2.50 percent for FDs with a maturity period of 7 days to 29 days, 3 percent for FDs with a maturity period of 30 days to less than 3 months, 3.5 percent for FDs with a maturity period of 3 months to less than 6 months. Axis Bank has a 4.40 percent interest rate on FDs maturing in six months or less than 11 months and 25 days. 5.15% return on FDs for a maturity period of 11 months 25 days to less than 1 year 5 days and 5.10% for 1 year 5 days to less than 18 months. Axis Bank bid 5.25 percent interest on term deposits maturing in 18 months and less than 2 years. Axis Bank proposes an interest rate of 5.40 percent and 5.50 percent respectively for long-term deposits maturing from 2 years to 5 years and 5 years to 10 years.

7 days to 14 days 2.50%

15 days to 29 days 2.50%

30 days to 45 days 3%

46 days to 60 days 3%

61 days < 3 months 3%

3 months < 4 months 3.5%

4 months < 5 months 3.5%

5 months < 6 months 3.5%

6 months < 7 months 4.40%

7 months < 8 months 4.40%

8 months < 9 months 4.40%

9 months < 10 months 4.40%

10 months < 11 months 4.40%

11 months < 11 months 25 days 4.40%

11 months 25 days < 1 year 5.15%

1 year < 1 year 5 days 5.15%

1 year 5 days < 1 year 11 days 5.10%

1 year 11 days < 1 year 25 days 5.10%

1 year 25 days < 13 months 5.10%

13 months < 14 months 5.10%

14 months < 15 months 5.10%

15 months < 16 months 5.10%

16 months < 17 months 5.10%

17 months < 18 months 5.10%

18 Months < 2 years 5.25%

2 years < 30 months 5.40%

30 months < 3 years 5.40%

3 years < 5 years 5.40%

5 years to 10 years 5.50%

4 Leading Banks That Bid Up To 5.50% Interest Rate On FDs

SBI FD Interest Rates

SBI FDs provide 2.9 percent between 7 days and 45 days. Term deposits will have 3.9 percent between 46 days and 179 days and 4.4 percent from 180 days to less than one year. Maturity period from 1 year and up to less than 2 years can now have 4.9% instead of 5.1% earlier. 5.1 percent will be offered by FDs maturing in 2 years to less than 3 years. FDs of 3 years or less than 5 years will deliver 5.3 percent and 5.4 percent will be offered by term deposits maturing in 5 years and up to 10 years. These thresholds are valid from 10 September onwards.

7 days to 45 days - 2.9%

46 days to 179 days - 3.9%

180 days to 210 days - 4.4%

211 days to less than 1 year - 4.4%

1 year to less than 2 years - 4.9%

2 years to less than 3 years - 5.1%

3 years to less than 5 years - 5.3%

5 years and up to 10 years - 5.4%

Canara Bank FD Interest Rates

For FDs with a duration of maturity between 46-90 days, 91 days to 179 days, and 180 days to less than 1 year the interest rates are 3.9 and 4.00 and 4.45 per cent respectively. The bank will bid 5.25 percent for term deposits maturing in 1 year, and for deposits maturing in more than one year to less than three years, the bank will provide a 5.20 percent interest rate. The state-owned bank offers an interest rate of 5.30 percent for FDs for a term of three to ten years.

7 days to 45 days - 2.95%

46 days to 90 days - 3.90%

91 days to 179 days - 4%

180 days to less than 1 Year- 4.45%

1 year only -5.25%

Above 1 year to less than 2 years - 5.20%

2 years & above to less than 3 years -5.20%

3 years & above to less than 5 years-5.30%

5 years & above to 10 Years- 5.30%

Goodreturns.in

Read more about: fd fixed deposits
Story first published: Thursday, November 19, 2020, 17:05 [IST]
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