6.14%. உங்களுக்கானவை . SBI FD interest rates range from 3.40% to 6.20% per annum for deposits less than Rs 2 Crore. which is given by IndusInd Bank for tenures ranging from 7 days to 10 years for the general public. Term deposits between 46 days to 179 days will give 3.9 percent. 7 days to 45 days - 2.9%. It is also noteworthy that for Indus Tax Saver Scheme, the rate of interest for regular FD holders is 6.75%, and for senior citizens, it is 7.25%. There are many factors that affect FD interest rates, some of which are given below: Fixed deposits for senior citizens have some features that differentiate them from fixed deposits for the general public, such as: A flexi fixed deposit is one in which a savings account is linked to the fixed deposit. However, for the other banks, this scheme will be ending on 31 December 2020. SBI currently offers 6.25% interest rate to the general public while senior citizens can enjoy 6.75% interest on FDs below Rs.2 crore for 1-year tenor to less than 2-years tenor. Best FD interest rates in Jan 2021 – 6.5% to 7.5%. About IDFC FIRST Bank. Yes, banks charge a penalty for premature withdrawal of a FD. Similarly, the ICICI Bank Golden Years offers 80 bps higher interest rate where the senior citizen will earn interest on their deposits at 6.30% p.a. Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws. Banks will not deduct TDS, if your interest income from fixed deposits is less than Rs.40,000 in a year. This screen appears before you confirm your request for opening a new FD. Interest rates are subject to change from time to time. NBFCs also offer competitive interest rates on their fixed deposit accounts. Depositor type: Senior citizens typically get 0.25% to 0.50% additional interest rate on fixed deposits. 10,000; SBI provides a nomination facility so that the depositor can … This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Interest Rate. The special fixed deposit scheme for senior citizens have been extended by HDFC Bank, ICICI Bank till 31 March. The lock-in period is 5 years. You can open a fixed deposit account for a maximum period of 10 years. Please note that Interest Rates are subject to change without notice as per the market trends and the bank’s decision in this regards is final. Please re-enter your phone number. and 6.25% p.a. for senior citizens. FD interest rates help the depositor to urge an honest Return on Investment over a hard and fast tenure for their deposited amount. OCBC Bank. In addition to this, HDFC is offering an additional interest rate of 0.25% for senior citizen investors who either open a new FD or renew their existing FD from 18th May 2020 to 30 September 2020. Term deposits between 46 days to 179 days will offer an interest of 3.9%. Kotak Mahindra Bank has revised its interest rates on fixed deposit accounts for both the general public and senior citizens. Some of the features of this kind of deposit are the following: The interest you can earn on your deposited amount depends on multiple factors, including the amount invested, tenure, rate of interest, interest computation frequency, and taxation. Post Office Fixed Deposit interest rates are decided by the Government of India (every quarter) under Small Saving Schemes. 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