Nine months one day to less than one yearĢ3 months and one day to less than two years Interest Rate (With Effect From August 25) Here are the latest interest rates applicable to retail fixed deposits at the country's top banks: SBI Maturity Period Commercial banks, from the likes of state-run SBI - the country's largest lender by assets - to private sector lender HDFC Bank, its largest in terms of market value, provide a variety of maturity options for fixed deposits, starting from as short as seven days to as long as 10 years.įor example, SBI currently provides eight maturity options, paying returns of 2.9-5.4 per cent to the general public, and 3.4-6.2 per cent to senior citizens. Currently, the country's top banks provide annual returns to the tune of 2.5-6.3 per cent on retail fixed deposits, or fixed deposits up to Rs 2 crore.

These deposits, also known as term deposits, provide fixed, guaranteed returns for funds held in a commercial bank for a pre-defined period of time.

Fixed Deposit Interest Rate: Fixed deposits have been the financial instrument of choice for long among investors with a rather low risk appetite.

Hdfc bank fixed deposit interest rate