![]() ![]() Three years and above but less than four yearsįour years and above but less than five yearsįive years tax-saver FD (maximum Rs 1.50 lakh)Īll of these commercial banks offer slightly higher returns to senior citizen customers compared to other depositors. Full waiver on processing fees and documentation charges: Canara Bank: Starts from 8.4 p.a. 50 waiver on processing fees: Punjab National Bank: Starts from 8.4 p.a. 50 waiver on processing fees: HDFC Bank: Starts from 8.35 p.a. Nine months one day to less than one yearĢ3 months and one day to less than two years Bank: Home loan interest rates: Other offers: State Bank of India: Starts from 8.4 p.a. Here are the current fixed deposit interest rates offered by top banks: SBI Lock-In Commercial banks such as SBI, HDFC Bank and Kotak Mahindra Bank revise the interest rates applicable to FDs from time to time. Under a special deposit offer running from to March 31, 2023, HDFC Bank promises to give elderly persons who want to book a fixed deposit of less than 5 crores for a term of 5 (five. Retail fixed deposits are term deposits in which a lump sum amount up to Rs 2 crore is locked in for a fixed period of time, say five years. With effect from May 27, the lender provides interest rates to the tune of 2.9-5.4 per cent on fixed deposits to the general public, and 3.4-6.2 per cent to senior citizens. The country's largest lender by assets, State Bank of India, for example, provides eight maturity options with the longest one being from five years to 10 years. FD Interest Rate: India's top banks currently provide a range of maturity options for fixed deposits, starting from seven days.
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