Bank Fixed deposit Schemes have been the most preferred investment as compared to other avenues of investment in the market. While stock investments and mutual funds have become increasingly popular over the years, FD Still, the market remains an option for risk averse investors. Unlike equities and mutual funds where returns depend on market volatility, FDs offer a guaranteed stable rate of return. The stability factor has made FDs a preferred option for people so that they can keep their hard earned money safe and expect some returns in the process.
Canara Bank has become the latest bank in the country to increase the interest rate offered to customers on their fixed deposit investments. The state-owned lender has increased interest rates on fixed deposits by 0.25 per cent or 25 basis points.
Investors will get an interest rate of 2.90 per cent for fixed deposit investments maturing in seven to 45 days. The bank will offer an interest rate of 3.90 per cent on FD investments maturing in 46 days to 90 days.
In addition, Canara Bank will offer an interest rate of 4.40 per cent for FDs with maturities of 180 days or less. Also, customers can get an interest rate of 5.20 percent on FDs with tenures of 2 to 3 years.
The revised interest rates on fixed deposits of less than Rs 2 crore in State Bank of India with effect from January 20, 2022 are as follows:
7 days to 45 days: for general public – 2.90 percent; For senior citizens – 3.40 percent
46 days to 179 days: for general public – 3.90 per cent for senior citizens – 4.40 per cent
180 days to 210 days: For general public – 4.40 percent For senior citizens – 4.90 percent
211 days to less than 1 year: For general public – 4.40 percent For senior citizens – 4.90 percent
1 year to less than 2 years: For general public – 5.10 percent For senior citizens – 5.60 percent
2 years to less than 3 years: For general public – 5.10 percent For senior citizens – 5.60 percent
3 years to less than 5 years: For general public – 5.30 percent For senior citizens – 5.80 percent
5 years and up to 10 years: For general public – 5.40 percent For senior citizens – 6.20 percent
Bank of Baroda Latest FD Interest Rates (Below Rs.2 Crore) for General Public
7 days to 14 days: for general public – 2.80 percent; For senior citizens – 3.30 percent
15 days to 29 days: for general public – 2.80 percent; For senior citizens – 3.00 percent
30 days to 45 days: for general public – 3.70 percent; For senior citizens – 3.50 percent
46 days to 60 days: for general public – 3.70 percent; For senior citizens – 3.50 percent
61 days to 90 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
91 days to 120 days: for general public – 3.50 percent; For Senior Citizens – 4.00 percent
6 months 1 day to 9 months: for general public – 4.30 percent; For senior citizens – 4.80 percent
From 9 months 1 day to less than a year: for general public – 4.40 percent; For senior citizens – 4.90 percent
1 year: for general public – 5.00 percent; For senior citizens – 5.50 percent
1 year 1 day to 2 years: for general public – 5.10 percent; For senior citizens – 5.60 percent
2 years 1 day to 3 years: for general public – 5.10 percent; For senior citizens – 5.60 percent
3 years 1 day to 5 years: for general public – 5.25 percent; For senior citizens – 5.75 percent
5 years 1 day to 10 years: for general public – 5.25 percent; For senior citizens – 5.75 percent
Over 10 Years (Only for MACT/MACAD Court Order Schemes): For general public – 5.10
The revised interest rates on fixed deposits of less than Rs 2 crore in HDFC Bank with effect from February 14, 2022 are as follows:
7 days to 14 days: for general public – 2.50 percent; For senior citizens – 3.00 percent
15 days to 29 days: for general public – 2.50 percent; For senior citizens – 3.00 percent
30 days to 45 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
46 days to 60 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
61 days to 90 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
91 days to 120 days: for general public – 3.50 percent; For Senior Citizens – 4.00 percent
6 months 1 day to 9 months: for general public – 4.40 percent; For senior citizens – 4.90 percent
From 9 months 1 day to less than a year: for general public – 4.40 percent; For senior citizens – 4.90 percent
1 year: for general public – 5.00 percent; For senior citizens – 5.50 percent
1 year 1 day to 2 years: for general public – 5.00 percent; For senior citizens – 5.50 percent
2 years 1 day to 3 years: for general public – 5.20 percent; For senior citizens – 5.70 percent
3 years 1 day to 5 years: for general public – 5.45 percent; For senior citizens – 5.95 percent
5 years 1 day to 10 years: for general public – 5.60 percent; For senior citizens – 6.35 percent
The revised interest rates on fixed deposits of less than Rs 2 crore in ICICI Bank with effect from January 20, 2022 are as follows:
7 days to 14 days: for general public – 2.50 percent; For senior citizens – 3.00 percent
15 days to 29 days: for general public – 2.50 percent; For senior citizens – 3.00 percent
30 days to 45 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
46 days to 60 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
61 days to 90 days: for general public – 3.00 percent; For senior citizens – 3.50 percent
91 days to 120 days: for general public – 3.50 percent; For Senior Citizens – 4.00 percent
121 days to 150 days: for general public – 3.50 percent; For Senior Citizens – 4.00 percent
151 days to 184 days: for general public – 3.50 percent; For Senior Citizens – 4.00 percent
185 days to 210 days: for general public – 4.40 percent; For senior citizens – 4.90 percent
211 days to 270 days: for general public – 4.40 percent; For senior citizens – 4.90 percent
271 days to 289 days: for general public – 4.40 percent; For senior citizens – 4.90 percent
290 days to less than 1 year: for general public – 4.40 percent; For senior citizens – 4.90 percent
1 year to 389 days: for general public – 5.00 percent; For senior citizens – 5.50 percent
390 days to less than 15 months: for general public – 5.00 percent; For senior citizens – 5.50 percent
15 months to less than 18 months: for general public – 5.00 percent; For senior citizens – 5.50 percent
18 months to 2 years: for general public – 5.00 percent; For senior citizens – 5.50 percent
2 years 1 day to 3 years: for general public – 5.20 percent; For senior citizens – 5.70 percent
3 years 1 day to 5 years: for general public – 5.45 percent; For senior citizens – 5.95 percent
5 years 1 day to 10 years: for general public – 5.60 percent; For senior citizens – 6.35 percent
5 Years (80C FD)- Maximum ₹1.50 lakh: For general public – 5.45 per cent; For senior citizens – 5.95 percent
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