FD interest rates are subject to change from time to time.

A fixed deposit (FDs) is a financial instrument which offers guaranteed return. Financial institutions such as banks, post office, small finance banks and non-banking financial companies offer fixed deposit schemes. Customers can deposit money in fixed deposits for a specific period, ranging from seven days to 10 years. Banks usually pay a higher rate of interest to senior citizens than general public on fixed deposits. FD interest rates are subject to change from time to time. Last week, public sector lenders State Bank of India and Canara Bank revised its interest rates with effect from May 9, 2019.

Here's a comparison of fixed deposit (FD) interest rates paid by SBI, Canara Bank, HDFC Bank and ICICI Bank:

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

Canara Bank

The following FD interest rates are applicable on deposits less than Rs. 2 crore with effect from May 9, 2019, according to canarabank.com:

Period General public (% p.a.) Senior citizens (% p.a.) 7 days to 14 days 5.75 6.25 15 days to 30 days 5.75 6.25 31 days to 45 days 5.75 6.25 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 179 days 6 6.5 180 days to 269 days 6 6.5 270 days to less than 1 year 6.2 6.7 1 year only 6.75 7.25 Above 1 year to less than 2 years 6.7 7.2 2 years & above to less than 3 years 6.7 7.2 3 years & above to less than 5 years 6.6 7.1 5 years & above to less than 8 years 6 6.5 8 years & above to 10 years 6 6.5 444 Days (Canara Shikhar Deposit) 6.65 7.15 555 Days (Canara Shikhar Deposit) 6.7 7.2

HDFC Bank