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Banks Fixed Deposit Interest Rates in August 2019. ICICI, HDFC, PNB, SBI, Axis Bank

Banks Fixed Deposit Interest Rates in August 2019. ICICI, HDFC, PNB, SBI, Axis Bank

Compare Fixed Deposit Interest Rates as offered by Leading Banks like ICICI, HDFC, Axis Bank, PNB and SBI with rates for General Public, Senior Citizen across short term to Long term Tenor

 

Fixed Deposit Interest Rates in August 2019

Compare FD Interest Rates as offered by leading Banks for both

  • Very Short Term Tenor (few days to upto 1 year)
  • Short Term Tenor (1 Year to 2 Year)
  • Long Term Tenor (3 Year to 10 Years)

Below are Fixed Deposit Rates as offered for August 2019 for a deposit amount of less than 2 Crore as offered by all leading PSU & Private Banks

FD Tenor Axis Bank HDFC Bank ICICI Bank PNB SBI (State Bank of India) 
7 Days to 30 Days 3.50% 3.5% to 4.25% 4% to 4.25% 5% 5%
30 Days to 45 Days 5.50% 5.5% 5.25% 5% 5%
46 Days to 179 Days 6% 6% 5.75% 5.75% 5.75%
180 Days to 210 Days 6.40% 6.75% (6 month 1 day onwards) 6.25% (185th day onwards) 6.25% 6.25%
7 Month to 9 Month 6.40% 6.75% 6.25% 6.25% 6.25%
9 Month to Less than 1 Year 6.75% 6.75% 6.5% (290th Day Onwards) 6.30% 6.25%
1 Year to Less than 1.5 Year 7% to 7.2% 7% to 7.1% 6.7% to 6.8% 6.75% 6.80%
1.5 Year to Less than 2 Year 7% 7.10% 7.10% 6.75% 6.80%
2 Year to less than 3 Year 7% 7.30% 7.10% 6.75% 6.70%
3 Year to less than 5 Year 7% 7.25% 7% (3 year 1 day Onwards) 6.50% 6.60%
5 Year to 10 Year 6.75% 7% 7% 6.50% 6.50%

Interest Rates for deposits upto Rs 2 Crore for Indian Citizens

 

FD Interest Rates for Senior Citizens

Fixed Deposit Interest Rates are generally higher by 50 bps for Senior Citizen

Below are FD Interest Rates for Senior Citizen (above 60 years) for a deposit amount of less than 2 Crore

FD Tenor Axis Bank HDFC Bank ICICI Bank PNB SBI (State Bank of India) 
7 Days to 30 Days 4.00% 4% to 4.75% 4.5% to 4.75% 5.50% 5.50%
30 Days to 45 Days 6.00% 6% 5.75% 5.50% 5.50%
46 Days to 179 Days 6.50% 6.50% 6.25% 6.25% 6.25%
180 Days to 210 Days 6.90% 7.25% (6 month 1 day onwards) 6.75% (185th day onwards) 6.75% 6.75%
7 Month to 9 Month 6.90% 7.25% 6.75% 6.75% 6.75%
9 Month to Less than 1 Year 7.25% 7.25% 7% (290th Day Onwards) 6.80% 6.75%
1 Year to Less than 1.5 Year 7.5% to 7.7% 8% to 8.2% 7.5% to 7.7% 7.5% to 7.7% 7.30%
1.5 Year to Less than 2 Year 7.50% 7.60% 7.60% 7.25% 7.30%
2 Year to less than 3 Year 7.50% 7.80% 7.60% 7.25% 7.20%
3 Year to less than 5 Year 7.50% 7.75% 7.5% (3 year 1 day Onwards) 7.00% 7.10%
5 Year to 10 Year 7.25% 7.50% 7.50% 7.00% 7.00%

Interest Rates for August 2019

 

Some Important Terms for FD Interest Rates

  • There is clause of Prepayment Penalty which can range upto 1% of Deposit Amount if the deposit is break due to any reason
  • TDS Rate on Bank FD is 10% (if the interest amount income for the financial year is Rs 10,000. However, for Senior Citizen TDS Free FD income limit is of Rs 50,000)
  • FD Income is Taxable in hands of depositor. The Income will be subject to all applicable Income Tax as per total Income Computed in
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Monday, 23 September 2019

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