FD rates: Fixed deposit interest rates are subject to change from time to time

HDFC Bank revised its fixed deposit (FD) interest rates on select maturities with effect from Monday. HDFC bank revised the interest rate applicable to maturity periods such as 30-45 days, 46-60 days and one year, according to the bank's website, hdfcbak.com. Fixed deposits (FDs) are secure investment instruments that offer higher interest rates than deposits in savings accounts. One can invest money in fixed deposits for a specific period, ranging from seven days to 10 years. Senior citizens usually get a higher rate of interest on fixed deposits compared to general public.

Here's a comparison of fixed deposit (FD) interest rates paid by HDFC Bank, State Bank of India, Punjab National Bank and ICICI Bank:

HDFC Bank

The following FD interest rates are applicable on deposits below Rs. 2 crore from July 22, 2019, according to hdfcbank.com:

Period General public (% p.a.) Senior citizens (% p.a.) 7 - 14 days 3.50 4.00 15 - 29 days 4.25 4.75 30 - 45 days 5.50 6.00 46 - 60 days 6.00 6.50 61 - 90 days 6.00 6.50 91 days - 6 months 6.00 6.50 6 months 1 day- 6 months 3 days 6.50 7.00 6 months 4 days 6.50 7.00 6 months 5 days- 9 months 6.50 7.00 9 months 1 day- 9 months 3 days 6.75 7.25 9 months 4 days 6.75 7.25 9 months 5 days - 9 months 15 days 6.75 7.25 9 months 16 days 6.75 7.25 9 months 17 days < 1 Year 6.75 7.25 1 Year 7.10 7.60 1 year 1 day - 1 year 3 days 7.10 7.60 1 year 4 days 7.10 7.60 1 year 5 days - 1 Year 15 Days 7.10 7.60 1 Year 16 days 7.10 7.60 1 year 17 days - 2 Years 7.20 7.70 2 years 1 day - 2 Years 15 days 7.30 7.80 2 Years 16 days 7.30 7.80 2 years 17 days - 3 Years 7.30 7.80 3 years 1 day - 5 years 7.25 7.75 5 Years 1 Day - 8 Years 7.00 7.50 8 Years 1 Day - 10 Years 7.00 7.50

State Bank Of India

The following FD interest rates are applicable on deposits below Rs. 2 crore with effect from May 9, 2019, according to sbi.co.in:

Period General public (% p.a.) Senior citizens (% p.a.) 7 days to 45 days 5.75 6.25 46 days to 179 days 6.25 6.75 180 days to 210 days 6.35 6.85 211 days to less than 1 year 6.4 6.9 1 year to less than 2 year 7 7.5 2 years to less than 3 years 6.75 7.25 3 years to less than 5 years 6.7 7.2 5 years and up to 10 years 6.6 7.1

Punjab National Bank

The following FD interest rates are applicable on deposits up to Rs. 2 crore with effect from July 1, 2019, according to pnbindia.in:

Period General public (% p.a.) Senior citizens (% p.a.) 7 to 14 days 5.5 6 15 to 29 days 5.5 6 30 to 45 days 5.5 6 46 to 90 days 6.25 6.75 91 to 179 days 6.25 6.75 180 days to 270 days 6.25 6.75 271 days to less than 1 year 6.5 7 333 days 6.75 7.25 1 year 6.8 7.3 444 days 6.85 7.35 555 days 6.85 7.35 above 1 year & up to 3 years 6.75 7.25 above 3 year & up to 5 years 6.25 6.75 above 5 years & up to 10 years 6.25 6.75

ICICI Bank

The following FD interest rates are applicable on deposits below Rs. 2 crore from June 17, 2019, according to icicibank.com:

Period General public (% p.a.) Senior citizens (% p.a.) 7 days to 14 days 4 4.5 15 days to 29 days 4.25 4.75 30 days to 45 days 5.5 6 46 days to 60 days 6 6.5 61 days to 90 days 6 6.5 91 days to 120 days 6 6.5 121 days to 184 days 6 6.5 185 days to 289 days 6.5 7 290 days to less than 1 year 6.75 7.25 1 year to 389 days 6.9 7.4 390 days to 2 years 7 7.5 2 years 1 day up to 3 years 7.3 7.8 3 years 1 day up to 5 years 7.25 7.75 5 years 1 day up to 10 years 7 7.5 5 Years Tax saver FD (Max up to Rs. 1.50 lac) 7.25 7.75

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.