Fixed Deposit (FD) Interest Rates 2020

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Let’s find out the interest rates being offered on FD i.e. Fixed Deposits by top banks in India.

Here are the current fixed deposit interest rates offered by top banks:

SBI 

Lock-In Interest Rate With Effect From May 27
Public Senior citizen
Seven days to 45 days 2.9% 3.4%
46 days to 179 days 3.9% 4.4%
180 days to 210 days 4.4% 4.9%
211 days to less than one year 4.4% 4.9%
One year to less than two years 5.1% 5.6%
Two years to less than three years 5.1% 5.6%
Three years to less than five years 5.3% 5.8%
Five years and up to 10 years 5.4% 6.2%

HDFC Bank

Lock-In Interest Rate With Effect From July 21
Public Senior citizen
Seven days to 14 days 2.50%     3.00%
15 days to 29 days 2.50%    3.00%
30 days to 45 days 3.00%     3.50%
46 days to 60 days 3.00%    3.50%
61 days to 90 days 3.00%    3.50%
91 days to six months 4.00%     4.50%
Six months one day to nine months 4.40%    4.90%
Nine months one day to less than one year 4.50%     5.00%
One year 5.10%    5.60%    
One year one day to two years 5.10%    5.60%
Two years one day to three years 5.20%    5.70%
Three years one day to five years 5.35%    5.85%
Five years one day to 10 years 5.50%    6.25%

Kotak Mahindra Bank 

Lock-In Interest Rate With Effect From July 30
Seven to 14 days 2.50%
15 to 30 days 2.50%
31 to 45 days 3%
46 to 90 days 3%
91 to 120 days 4%
121 to 179 days 4%
180 days 4.70%
181 to 269 days 4.70%
270 days 4.70%
271 to 363 days 4.70%
364 days 4.75%
365 to 389 days 4.75%
390 days (12 months and 25 days) 5.10%
391 days to less than 23 months 5.10%
23 months 5.10%
23 months and one day to less than two years 5.10%
Two years to less than three years 4.90%
Three years and above but less than four years 4.90%
Four years and above but less than five years 4.75%
Five years and above up to 10 years 4.50%

ICICI Bank 

Lock-In Interest Rate With Effect From August 7
Public Senior citizen
Seven to 14 days 2.50% 3%
15 to 29 days 2.50% 3%
30 to 45 days 3% 3.50%
46 to 60 days 3% 3.50%
61 to 90 days 3% 3.50%
91 to 120 days 4% 4.50%
121 to 184 days 4% 4.50%
185 to 210 days 4.40% 4.90%
211 to 270 days 4.40% 4.90%
271 to 289 days 4.40% 4.90%
290 days to less than one year  4.50% 5%
One year to 389 days 5% 5.50%
390 days to less than 18 months 5% 5.50%
18 months and one day to two years 5.10% 5.60%
Two years and one day to three years 5.10% 5.60%
Three years and one day to five years 5.35% 5.85%
Five years and one day to 10 years 5.50% 6.30%
Five years tax-saver FD (maximum ₹ 1.50 lakh) 5.35% 5.85%

PNB

Lock-In Interest Rate With Effect From July 1
Public Senior citizen
Seven days to 14 days 3.00% 3.75%
15 days to 29 days 3.00% 3.75%
30 days to 45 days 3.00% 3.75%
46 days to 90 days 3.25% 4%
91 days to 179 days 4.00% 4.75%
180 days to 270 days 4.40% 5.15%
271 days to less than one year 4.50% 5.25%
333 days 4.50% 5.25%
One year 5.25% 6%
444 days 5.25% 6%
555 days 5.25% 6%
Above one year and up to two years 5.25% 6%
Above two years and up to three years 5.25% 6%
Above three years and up to five years 5.30% 6.15%
Above five years and up to 10 years 5.30% 6.15%

Source: ndtv.com

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