FD Interest Rates

Fixed deposit (FD) interest rates for Non-Resident Indians (NRIs) in India vary among popular scheduled commercial banks such as SBI, PNB, HDFC Bank, ICICI Bank, Yes Bank, and Axis Bank. Rates typically range from 3.00% to 7.50% p.a. for general citizens and 3.00% to 8.00% p.a. for senior citizens. Additionally, leading Small Finance Banks (SFBs) like Suryoday SFB, Unity SFB, and Jana SFB offer competitive FD rates ranging from 3.00% p.a. to 9.00% p.a. for general citizens and 3.50% to 9.50% p.a. for senior citizens.

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FD Interest Rates Range Offered by Different Banks

Here is the list of some top banks with FD interest rates range for regular and senior citizens:

BANKS GENERAL CITIZENS SENIOR CITIZEN TENURE 
SBI FD Rates 3.00% - 7.10% 3.50% - 7.60% 7 days to 10 years 
HDFC Bank FD Rates 3.00% - 7.25% 3.50% - 7.75% 7 days to 10 years 
ICICI Bank FD Rates 3.00% - 7.10% 3.50% - 7.60% 7 days to 10 years 
Axis Bank FD Rates 3.00% - 7.10% 3.50% - 7.75% 7 days to 10 years 
PNB FD Rates 3.50% - 7.25% 4.00% - 7.75% 7 days to 10 years 
Yes Bank FD Rates 3.25% - 7.50% 3.75% - 8.00% 7 days to 10 years 
Kotak Mahindra FD Rates 2.75% - 7.25% 3.25% - 7.75% 7 days to 10 years 
Bandhan Bank FD Rates 3.00% - 7.85% 3.75% - 8.35% 7 days to 10 years 
Union Bank of India FD Rates 3.00% - 7.00% 3.50% - 7.50% 7 days to 10 years 
Indusind Bank FD Rates 3.50% - 7.85% 4.25% - 8.25% 7 days to 10 years 
Canara Bank FD Rates 4.00% - 6.90% 4.00% - 7.40% 7 days to 10 years 
Bank of Baroda FD Rates 3.00% - 7.25% 3.50% - 7.75% 7 days to 10 years 
IDFC Bank FD Rates 3.00% - 7.50% 3.50% - 7.75% 7 days to 10 years 
Indian Bank FD Rates 2.80% - 7.10% 2.80% - 7.25% 7 days to 10 years 
DBS Bank FD Rates 2.50% - 7.50% 2.50% - 8.00% 7 days to 10 years 
UCO Bank FD Rates 2.90% - 7.05% 3.15% - 7.80% 7 days to 10 years 
Bank of India FD Rates 3.00% - 7.25% 3.50% - 8.00% 7 days to 10 years 
IDBI Bank FD Rates 3.00% - 6.80% 3.50% - 7.30% 7 days to 10 years 
Central Bank of India FD Rates 3.50% - 6.75% 4.00% - 7.25% 7 days to 10 years 

What are FD Interest Rates?

Fixed Deposit (FD) interest rates denote the predetermined interest rate applicable to deposits held in an FD account for a specified duration. Several Scheduled Commercial Banks, NBFCs, Small Finance Banks, and Companies cater to Non-Resident Indians (NRIs) by providing competitive FD schemes.

Rate of Interest on FD for Senior Citizens:

  • Financial institutions offer better fixed deposit interest rates to senior citizens for different tenures

  • For citizens of India aged 60 years and above

  • Helps in creating a financial net to fulfill the major requirements of old age people

List of Different FD Interest Rates in India

With the availability of different types of fixed deposit interest rate on FDs, people invest a pre-decided amount for a specific period of maturity.

The list of different FD rates of interest included in the sections herein are:

Top Interest Rate on FD Based on Type of Bank / NBFCs / Companies

  • Private Sector Bank FDs

  • Public Sector Bank FDs

  • Small Finance Bank FDs

  • Non-Banking Financial Company (NBFC) FDs

  • Foreign Bank FDs

Top Interest Rate for Different Tenures

  • Fixed Deposit interest rates on Senior Citizen FDs

  • Best Fixed Deposit Rates for NRE in 2023

  • Fixed Deposit interest rate on Flexi FDs

Comparison Between
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.5% (TAX-FREE)
Returns After Tax
7.5%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
awards
Still Better than FD’s and Debt Mutual Fund
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
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*For annual premium upto ₹5 Lacs

FD Rate of Interest Based on Type of Banks / NBFCs/ Companies

Top FD Interest Rates in India by Public Sector Banks (PSBs)
Here is a list of fixed deposit interest rates, offered by PSBs for deposits of up to Rs. 2 crores:

Name of Bank FD Rate of Interest on FD for General Citizens (in % p.a.) Rate of Interest on FD for Senior Citizens (in % p.a.)
Allahabad Bank (Indian Bank) 2.80% to 7.10% 2.80% to 7.25%
Bank of Baroda 3.00% to 7.25% 3.50% to 7.75%
Bank of India (BOI) 3.00% to 7.25% 3.00% to 7.95%
Canara (Syndicate Bank) Bank 4.00% to 6.90% 4.00% to 7.40%
Central Bank 3.50% to 6.75% 4.00% to 7.25%
Indian Overseas Bank 4.00% to 7.25% 4.50% to 7.75%
PNB FD Interest Rates 3.50% to 7.25% 4.00% to 7.75%
Bank of Maharashtra 2.75% to 7.00% 2.75% to 7.50%
SBI FD Interest Rates 3.00% to 7.10% 3.50% to 7.60%
Union Bank (Andhra Bank) 3.00% to 7.00% 3.50% to 7.50%

*FD Rate of Interest is effective as of 29th November 2023.
Note: The interest rate on FD for particular banks mentioned in the above table is subject to change. The table does not represent any chronological order.

Top FD Interest Rates in India by Private Sector Banks

Leading Private Sector Banks in India offer the best rate of interest on FD of up to Rs. 2 crores, as mentioned in the table below:

Name of Bank Rate of Interest on FD for General Citizens (in % p.a.) Rate of Interest on FD for Senior Citizens (in % p.a.)
Axis Bank FD Rates 3.00% To 7.10% 3.50% to 7.75%
Bandhan Bank 3.00% To 7.85% 3.75% to 8.35%
DBS Bank 2.50% To 7.50% 2.50% to 8.00%
Dhanlaxmi Bank 5.75% To 7.25% 5.75% to 7.75%
HDFC FD Interest Rates 3.00% To 7.20% 3.50% to 7.75%
ICICI Bank FD Rates 3.00% To 7.10% 3.50% to 7.60%
SBM Bank 4.25% To 8.25% 4.75% to 8.75%
IndusInd Bank 3.50% To 7.85% 4.25% to 8.25%
Jammu & Kashmir Bank 3.50% To 7.10% 4.00% to 7.60%
Yes Bank 3.25% to 7.50% 3.75% To 8.00%

*FD Rate of Interest is effective as of 29th November 2023.

Top FD Interest Rates in India by Small Finance Banks

Small Finance Banks (SFBs), registered under the Companies Act, 2013, cater to the financial needs of Non-Resident Indians (NRIs) by providing competitive Fixed Deposit (FD) interest rates. The list of best Interest Rate on FD for deposits of up to Rs. 2 crores by SFBs is as follows:

List of Top Small Finance Banks (SFBs) Rate of Interest on FD for General Citizens (in % p.a.) Rate of Interest on FD for Senior Citizens (in % p.a.)
Suryoday SF Bank 4.00% to 8.60% 4.50% to 9.10%
Ujjivan SF Bank 3.75% to 8.25% 4.25% to 8.75%
ESAF SF Bank 4.00% to 8.50% 4.50% to 9.00%
Unity SF Bank 4.50% to 9.00% 4.50% to 9.50%
Jana SF Bank 3.00% to 8.50% 3.50% to 9.00%
Utkarsh SF Bank 4.00% to 8.50% 4.60% to 9.10%
Equitas SF Bank 3.50% to 8.50% 3.50% to 8.77%
Fincare SF Bank 3.00% to 8.51% 3.60% to 9.11%

*FD Rate of Interest is effective as of 29th November 2023.

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Top FD Interest Rates in India by NBFCs

Non-Banking Financial Companies (NBFCs) offer a better interest rate on FD in comparison with SCBs.
Here is a list of the best rate of interest on FD in 2023 provided by the top NBFCs in India for deposits of up to Rs. 2 crores:

Non-Banking Financial Companies (NBFC) FD Interest Rate General Citizens (in % p.a.) FD Interest Rate Senior Citizens (in % p.a.) Minimum Deposit Tenure
Hawkins Cooker Ltd FD 7.5% - 8.00% 8.00% Rs. 25,000 1 - 3 Years
Aditya Birla Capital FD 6.70% - 7.50% 6.95% - 7.75% Rs. 5,000 1 - 5 Years
Bajaj Finserv FD 7.40% - 8.35% 7.65% - 8.60% Rs. 15,000 1 - 5 years
HDFC Housing Finance FD 7.30% - 7.70% 7.55% - 8.00% Rs. 20,000 1 – 10 Years
KTDFC Ltd FD 6.75% - 7.00% 7.00% - 7.25% Rs. 10,000 1 - 5 Years
Mahindra & Mahindra Finance Service Ltd FD 7.40% - 7.75% 7.65% - 7.95% Rs. 5,000 1 - 5 Years
Shriram Finance FD 7.34% - 8.18% 7.84% - 8.68% Rs. 5,000 1 - 5 Years
Sundaram Finance FD 7.45% - 7.75% 7.95% - 8.25% Rs. 10,000 1 - 3 Years

*FD Rate of Interest is effective as of 29th November 2023

Note: The Fixed Deposit interest rates mentioned in the above table are subject to change. The table does not represent any chronological order.

Top FD Interest Rates in India by Foreign Banks

The list of foreign banks offering the best interest rate on FD on deposits of up to Rs. 2 crores is as follows:

List of Foreign Bank FDs Rate of Interest on FD for General Citizens (in % p.a.) Rate of Interest on FD for Senior Citizens (in % p.a.)
Deutsche Bank 3.00% To 7.75% 3.00% To 7.75%
Citi Bank 3.00% to 7.10% 3.50% to 7.75%
HSBC Bank 2.85% to 7.25% 3.35% to 7.75%
Standard Chartered Bank 2.75% to 7.50% 3.25% to 8.00%
Barclays Bank 5.65% to 6.36% 5.65% to 6.36%

*FD Rate of Interest is effective as of 29 November 2023.

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Best FD Interest Rates in India for Different Tenures

Rates on withdrawable deposits of up to Rs. 2 crores for 1/2/3/5/10-years tenure are applicable to Non-Resident Indians (NRIs) as follows:

Name of Bank FD Interest Rates (in % per annum)
1-Year Tenure 2-Year Tenure 3-Year Tenure 5-Year Tenure 10-Year Tenure
State Bank of India (SBI) 6.80% 7.00% 6.50% 6.50% 6.50%
Punjab National Bank (PNB) 6.75% 6.80% 7.00% 6.50% 6.50%
ICICI Bank 6.70% 7.10% 7.00% 7.00% 6.90%
HDFC Bank 6.60% 7.00% 7.00% 7.00% 7.00%
Axis Bank 6.70% 7.10% 7.10% 7.00% 7.00%
Bandhan Bank 7.25% 7.25% 7.25% 5.85% 5.85%
Bank of Baroda 6.75% 6.75% 7.05% 6.50% 6.50%
Bank of India (BOI) 6.50% 6.80% 6.50% 6.00% 6.00%

*FD Rate of Interest is effective as of 29 November 2023.

Note: The rate of interest on FD mentioned in the above table is subject to change. The table does not represent any chronological order.

Fixed Deposit Interest Rates for Senior Citizens in India

Fixed deposits, commonly referred to as 'term deposits' or 'time deposits,' offer special interest rates for senior citizens in India. Banks provide senior citizens with a higher FD interest rate, typically 0.25 – 0.70% p.a. more than the general population. Calculating FD maturity and interest is swift and straightforward using online FD calculators. Here are top banks in India offering attractive Fixed Deposit rates to senior citizens on deposits up to Rs. 2 crores.

Name of the Bank 1-Year Interest Rate on FD (in% p.a.) 3-Years Interest Rate on FD (in % p.a.) 5-Years rates (in % p.a.)
RBL Bank 7.50% 7.60% 7.60%
Axis Bank 7.20% 7.60% 7.75%
Bandhan Bank 7.75% 7.75% 6.60%
Bank of India (BOI) 6.50% 7.25% 6.75%
Bank of Baroda (BOB) 7.25% 7.55% 7.15%
Canara Bank 7.40% 7.30% 7.20%
DCB Bank 7.65% 8.10% 7.90%
Federal Bank 7.30% 7.10% 7.25%
HDFC Bank 7.10% 7.50% 7.50%
ICICI Bank 7.20% 7.50% 7.50%
IDFC First Bank 7.00% 7.75% 7.50%
IndusInd Bank 8.25% 8.00% 8.00%
Punjab National Bank (PNB) Bank 7.25 % 7.50% 7.00%
State Bank of India (SBI) 7.30% 7.00% 7.50%
YES Bank 7.75% 8.00% 8.00%

*FD Rate of Interest is effective as of 29th November 2023.

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**Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
Note: All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Documents Required To Open Fixed Deposit Account for NRIs 

Here is the list of must-have documents for opening a Fixed Deposit Account with the best FD rate of interest in India:

Particulars List of Documents Required
Proof of Identity
  • Aadhaar card
  • PAN card
  • Driving license
  • Voter ID card
  • Government ID card
Address proof
  • Passport
  • Electricity bill
  • Utility bills
  • Photo Ration Card
Savings Account Details to Link with FD Account
  • Bank Statement
  • Canceled cheque

Types of Fixed Deposit Interest Rates for NRIs in India

Interest rates on FDs for NRIs vary based on account flexibility and interest accumulation. The main types are:

  • Flexi FD Rates

  • Regular FD Rates

Explore these rates in the table below:

Flexi Fixed Deposit Interest Rate Regular Fixed Deposit Interest Rates
Tailored for NRIs, offering the advantages of both Regular Savings and Fixed Deposit Accounts.

Enjoy the flexibility of withdrawing funds anytime without charges.

Earn a consistent interest rate on Fixed Deposits.

Seamlessly transfer funds between Fixed Deposit and Savings Accounts by linking them.
Designed for a fixed tenure

A fee is charged on early withdrawal from the FD scheme

Offers fixed rate of interest on FD depending on its tenure

Allahabad Bank FD Interest Rates

Allahabad Bank FD Interest Rates

Andhra Bank FD Interest Rates

Andhra Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

Assam Gramin Vikash Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

AU Small Finance Bank FD Interest Rates

Axis Bank FD Rates

Axis Bank FD Rates

Bajaj Finance FD Interest Rates

Bajaj Finance FD Interest Rates

Bandhan Bank FD Interest Rates

Bandhan Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bangiya Gramin Vikash Bank FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Baroda FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of Ceylon FD Interest Rates

Bank of India FD Interest Rates

Bank of India FD Interest Rates

Bank of Maharashtra FD Interest Rates

Bank of Maharashtra FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Baroda Gujarat Gramin Bank FD Interest Rates

Canara Bank FD Interest Rates

Canara Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Capital Small Finance Bank FD Interest Rates

Central Bank of India FD Interest Rates

Central Bank of India FD Interest Rates

Citibank FD Interest Rates

Citibank FD Interest Rates

City Union Bank FD Interest Rates

City Union Bank FD Interest Rates

Corporation Bank FD Interest Rates

Corporation Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

Dakshin Bihar Gramin Bank FD Interest Rates

DBS Bank FD Interest Rates

DBS Bank FD Interest Rates

Dena Bank FD Interest Rates

Dena Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Dhanlaxmi Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

Equitas Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

ESAF Small Finance Bank FD Interest Rates

Fixed Deposit Account Advantages and Disadvantages

Fixed Deposit Account Advantages and Disadvantages

HDFC Bank FD Interest Rates

HDFC Bank FD Interest Rates

HSBC FD Interest Rates

HSBC FD Interest Rates

ICICI Bank FD Interest Rates

ICICI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDBI Bank FD Interest Rates

IDFC First Bank FD Interest Rates

IDFC First Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

Indian Overseas Bank FD Interest Rates

IndusInd Bank FD Interest Rates

IndusInd Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Jana Small Finance Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Karnataka Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kerala Gramin Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Kotak Mahindra Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Lakshmi Vilas Bank FD Interest Rates

Muthoot Capital

Muthoot Capital

Nainital Bank FD Interest Rates

Nainital Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Odisha Gramya Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paschim Banga Gramin Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

Paytm Payments Bank FD Interest Rates

PNB FD Interest Rates

PNB FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

Prathama UP Gramin Bank FD Interest Rates

RBL Bank FD Rates

RBL Bank FD Rates

Saurashtra Gramin Bank FD Interest Rates

Saurashtra Gramin Bank FD Interest Rates

SBI FD Interest Rates

SBI FD Interest Rates

Shriram Finance FD Interest Rates

Shriram Finance FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Hyderabad FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Mysore FD Interest Rates

State Bank of Travancore FD Interest Rates

State Bank of Travancore FD Interest Rates

Syndicate Bank FD Interest Rates

Syndicate Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Tamil Nadu Grama Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Telangana Grameena Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

Tripura Gramin Bank FD Interest Rates

UCO Bank FD Interest Rates

UCO Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Ujjivan Small Finance Bank FD Interest Rates

Union Bank of India FD Interest Rates

Union Bank of India FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttar Bihar Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Uttarakhand Gramin Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Vijaya Bank FD Interest Rates

Yes Bank FD Interest Rates

Yes Bank FD Interest Rates

Expand

Based on Fixed Deposit Interest Accumulation Method in the Account:

  • Cumulative FD

  • Non-Cumulative FD

Let us learn about the basic details of cumulative and non-cumulative FDs from the table below:

Particulars Cumulative Rates of Interest on FD for NRIs Non-Cumulative Rates of Interest on FD for NRIs 
Payouts FD interest is deposited by the end of the tenure Accrued interest is rolled out on a monthly, quarterly, semi-annual, or annual basis
Payment of Interest One-time Regularly
Reinvestment of FD Interest Compounded/ Re-invested in the FD Scheme again Paid-off regularly
Returns on FD Interest Higher Lower
Suitable for Salaried individuals Non-salaried individuals

What are the Benefits of Fixed Deposit Interest Rates by Top Banks for NRIs? 

The key features of the best Fixed Deposit interest rates in India are listed below:

  1. Enhanced FD Interest Rates for NRIs:

    NRIs enjoy better interest rates on fixed deposits compared to regular savings accounts.

  2. Inclusive FD Account Opening for NRIs:

    Any Indian resident, including NRIs, minors, and HUF, can easily open a fixed deposit account.

  3. Flexible Nomination Options for NRIs:

    NRIs can nominate up to two individuals for their Fixed Deposit, facilitating a smooth transfer of funds in case of the account holder's demise.

  4. Emergency Withdrawal Facility:

    NRIs can make partial withdrawals in case of emergencies, subject to nominal charges.

  5. Sweep-in Convenience for NRIs:

    NRIs can link their savings account with the FD, earning optimal interest while retaining the flexibility to withdraw funds as needed.

  6. Loan Against FD for NRIs:

    NRIs can leverage their FD as collateral to secure a loan, with banks offering up to 75% - 90% of the FD amount.

  7. Tax Advantages for NRIs:

    NRIs can benefit from tax regulations when filing Income Tax Returns on the interest earned from Fixed Deposits. Income earned from Fixed Deposits Interest Rates are as follows:

    Taxation Tax Benefits
    Tax on FD Investment
    • Normal FD:
    Taxable as per Income Tax Slab Rates
    • Tax-Saver FD:
     Tax deductions allowed u/ Section 80C of the IT Act, 1961
    Tax on Fixed Deposit Interest  Applicable for 10% TDS deduction on FD interest, if:
    • For Senior Citizens: Annual Fixed Deposit interest is more than Rs. 50,000
    • For General Citizens: Annual Fixed Deposit interest is more than Rs. 40,000

What are the Factors Affecting the FD Interest Rates in India?

The factors influencing the fixed deposit interest rates in India are mentioned in the list below:

  1. Economic Overview for NRIs:

    • GDP is a key indicator of a nation's financial health.

    • A growing GDP in India signifies a thriving economy, influencing favorable interest rates on Fixed Deposits.

    Note: GDP measures the total value of goods and services produced in India during a specific period.

  2. Reserve Bank of India's Monetary Policy:

    • RBI determines the repo rate, impacting banks' Fixed Deposit and loan interest rates.

    • Higher repo rates lead to increased FD rates and loan interest rates.

    Note: Repo rate is the interest rate at which banks borrow from RBI for a short duration.

  3. Impact of Recession and Inflation on NRIs:

    • During inflation, RBI's policies prompt banks to raise Fixed Deposit rates to encourage savings.

    • NRIs should monitor these economic indicators for informed financial decisions.

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Wrapping It Up!

The leading banks cater to Non-Resident Indians (NRIs) by providing competitive interest rates on Fixed Deposits, accompanied by appealing features such as assured returns, the option for loans against FDs, and a nomination facility. It is imperative for NRIs to conduct a thorough comparative analysis of the various FD savings plans, considering their investment horizon and anticipated future financial requirements.

FAQ's

  • What is the normal FD interest rate?

    The normal FD interest rate for scheduled commercial banks is ranging between 3.00% - 8.35% p.a. The Small Finance Banks are offering the rate of interest on FD for general citizens is between 3.00% to 9.60% p.a.
  • What is the FD interest rate in SBI?

    Fixed Deposit interest rate in SBI for withdrawable deposits of up to Rs. 2 crores is between 3.00% to 7.10% p.a. for general citizens and between 3.50% to 7.60% p.a. for senior citizens for a tenure of 7 days to 10 years.
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to 10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023

*Tax benefit is subject to changes in tax laws. Standard T&C Apply

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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