Latest Fixed Deposit interest rates in post office, SBI, HDFC, Axis Bank, ICICI, PNB, OBC, BoB: 1, 3-year plans compared
Fixed Deposit interest rates 2019: The new year is finally here. The Fixed Deposit rates offered by various public and private sector lenders are expected to undergo a sea of change in the coming months if the Reserve Bank of India decides to make changes to the repo rate, which is the rate at which the central bank lends to the banks. Find below the 1 and 3 year FD plan rates offered by SBI, Post Office, HDFC, Axis, ICICI, PNB, OBC, PNB, Bank of Baroda:
Fixed Deposit rates in Post Office 2019: 1, 3-year plans
Post Office currently offers 7% interest on Time Deposits of 1 and 3 years. The Post Office now offers 7.0% interest on 1 year Time Deposit. This is compounded quarterly. The interest rate on this account offered earlier was 6.9%. The interest rate on 3 year Time Deposit scheme has been reduced to 7% from 7.2 per cent earlier. (Reuters)
Fixed Deposit rates in SBI 2019: 1, 3-year plans
The State Bank of India (SBI) offers 6.4% interest rate to deposits below Rs 1 crore for 211 days to less than 1 year. For 180-210 days, it is 6.35%; 6.25% for 46 to 179 days and 5.75% for 7 to 45 days. On FDs of two years to less than three years, SBI offers 6.8% interest rate. For senior citizens, the rates are 0.5% higher. (Reuters)
Fixed Deposit rates in HDFC Bank 2019: 1, 3-year plans
Fixed Deposit rates in Axis Bank 2019: 1, 3-year plans
Fixed Deposit rates in ICICI Bank 2019: 1, 3-year plans
ICICI Bank offers 6.75% interest on FDs for 290 days to 1 year and 7.5% for investment up to three years in FD with premature withdrawal facility. The rates are 0.55 higher for senior citizens. In FD with no premature withdrawal facility, the rates are 7.7% on deposits for 331 days to 1 year; 7.6% on deposits for 2 to 3 years. (Reuters)