FD Interest Rates | Comparision of all Banks Fixed Deposit Interest Rates

Do you want to know the Fixed Deposit Interest Rates? The persons who want to know the FD interest rates can find here. Know the difference between all banks interest rates. The increase of interest rates depends on the Tenure. To know more details about FD Interest rates read the full article.

Fixed Deposit Interest Rates

Fixed Deposit also called as Term Deposit. It is used to save the money in banks. Everyone should know the details of Fixed Deposit Account Opening. Among all savings, it is the best one to save your money safely. People should choose a perfect bank for FD while depositing your money. Every individual bank has separate interest rates and tenure. Some banks offer low-interest rates, and some others offer high-interest rates. So selecting a bank is more important to Fixed deposit your money. We are proving the different bank’s interest rates and duration period on this page. So, you can easily know the Fixed Deposit Interest Rates. To know the interest rates follow the below sections.

You will get many advantages and benefits by FD. If you want a Credit card, you can get easily with the help of the Fixed Deposit. You can also take a loan on your Fixed Deposit. The tenure period starts from 7 days to 10 years. The tenure of different banks is listed on the below tabular columns. The interest rates are different for regular deposit and senior citizens. Compared to the regular deposit people, the senior citizens have more benefits. If you want to increase the term period, you can increase the tenure. We are proving the different bank’s interest rates and duration period on this page. So, you can easily know the Fixed Deposit Interest Rates. To know the interest rates follow the below sections.

Click here to open Fixed Deposit Account

List of FD Interest Rates & Tenure (Regular Deposit)

Fixed Deposits with Bank Tenure (Min to Max) Interest Rates for Regular Deposit
State Bank of India 7 days to 10 years 5.25% p.a.-7.00% p.a.
Indian Post Office 1 year to 5 years 7.10% p.a.-7.90% p.a.
HDFC Bank 7 days to 10 years 3.50% p.a.-7.25% p.a.
ICICI Bank 7 days to 10 years 4.00% p.a.-7.50% p.a.
Axis Bank 7 days to 10 years 3.50% p.a.-7.50% p.a.
Punjab National Bank 7 days to 10 years 4.25% p.a.-7.50% p.a.
Bank of India 7 days to 10 years 4.00% p.a.-7.25% p.a.
Canara Bank 7 days to 10 years 4.00% p.a.-7.50% p.a.
Indian Bank 7 days to More than 3 years 5.00% p.a.-7.25% p.a.
Bank of Baroda 7 days to 10 years 4.50% p.a.-7.30% p.a.
Bandhan Bank 7 days to 10 years 3.50% p.a.-8.00% p.a.
Kotak Mahindra Bank 7 days to 10 years 4.00% p.a.-6.75% p.a.
Union Bank 7 days to 10 years 5.00% p.a.-7.25% p.a.
Indian Overseas Bank 7 days-10 years 4.00% p.a.-6.75% p.a.
Central Bank of India 7 days to 10 years 4.00% p.a – 7.00% p.a.
LIC HFL 1 year to 5 years 7.85% p.a – 7.95% p.a.
Bank of Maharashtra 7 days to 10 years 4.75% p.a – 6.80% p.a.
IDFC Bank 7 days to 10 years 4.00% p.a – 8.25% p.a.
State Bank of Travancore 7 days to 10 years 5.50% p.a – 6.95% p.a.
Yes Bank 7 days to 10 years 5.50% p.a – 7.15% p.a.
Corporation Bank 7 days to 10 years 5.00% p.a – 7.10% p.a.
Andhra Bank 7 days to 10 years 4.00% p.a -7 .00% p.a.
State Bank of Hyderabad 7 days to 10 years 5.50% p.a – 7.00% p.a.
RBL Bank 7 days to 20 years 5.00% p.a – 7.85% p.a.
IDBI Bank 15 days to 20 years 4.25% p.a – 7.15% p.a.

Interest Rates & Tenure Period – Senior Citizen’s

Fixed Deposits with Bank Tenure (Min – Max) Senior Citizen FD Rates
State Bank of India 7 days – 10 years 5.50% p.a. to 7.75% p.a.
Indian Post Office 1 year – 5 years 7.10% p.a. to 7.90% p.a.
HDFC Bank 7 days – 10 years 4.00% p.a. to 8.00% p.a.
ICICI Bank 7 days – 10 years 4.50% p.a. to 8.00% p.a.
Axis Bank 7 days – 10 years 3.50% p.a. to 8.00% p.a.
Punjab National Bank 7 days – 10 years 4.75% p.a. to 8.00% p.a.
Bank of India 7 days – 10 years 4.50% p.a. to 7.80% p.a.
Canara Bank 7 days – 10 years 5.75% p.a. to 8.05% p.a.
Indian Bank 7 days – More than 3 years 5.00% p.a. to 7.75% p.a.
Bank of Baroda 7 days – 10 years 5.00% p.a. to 7.80% p.a.

How to Calculate the FD Interest

Many people don’t know how to calculate the Fixed Deposit Interest Rates. Therefore, those people can learn the Fd calculations on this page. By using FD Calculator, you can easily calculate the interest rates of Fd. The interest rates vary according to the banks and tenure period. The list of the different bank’s interest rates and tenure period is given in the above tables. So, you can compare the interest rates from the given list. So, if you want to check the maturity amount use the fd- calculator. Just enter the necessary details on the FD Calculator on relevant banks website.

If you want to see, a particular bank interest rates go to the bank’s official website. You can also calculate your maturity amount on that page. For example, if you want to see the SBI interest rates go to the SBI Official website. Check the interest rates and know your maturity amount by using SBI FD Calculator. By doing like this, you can check all the bank’s interest rates and maturity amount.

FD Calculator

Fd Calculation by Using Formula

To calculate your FD amount and Fixed Deposit Interest Rates, you can also use the mentioned formula. We are giving an example in the below sections. By using this formula, you can know your maturity amount details.

Let us take Maturity Amount as A

A = P * (1 + r/n)nt

I = A – P

Assume that

P = 15000

r = 0.05

n = 4

t = 2

Substitute the given values in the Formula.

A = P * (1 + r/n)nt

 I = A – P

   = 15000 * (1+0.05/4)4*2

   = 15000(1+0.0125)8

   = 15000(1.0125)8

   = 15000*1.104486101

A = Rs.16567.29

Hence your maturity amount is A = Rs.16567.29

Interest Amount = Rs.1567.29

Effects of Fixed Deposit

The users are not allowed to withdraw the maturity amount before the tenure period. If you want to withdraw the maturity amount, you have to bear a penalty. Therefore, you will lose some amount of interest on your money. While depositing your money in banks, they will give you a deposit receipt. That receipt is crucial and necessary for the withdrawal. So, keep it safe until you receive your maturity amount.

Some restrictions and norms posed by the Reserve Bank of India for FD. To gain control over credit, inflow, the outflow of fund throughout the country they are keeping those restrictions. Therefore, these changes are affecting the banking products like Fixed Deposits and loans, etc. If in a case of the goods and items price becomes more, the banks and lending institutions feel scared for the devaluation of the amount. So, to cover the losses banks will offer higher interests on Fixed Deposits.

Updated: February 27, 2017 — 10:36 am

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