A large number of people keep their savings in fixed deposits. The elderly are especially interested in them. This is the most common means of investment for them. Those who do not want to take risk with their investment, they like FD. These are a much safer option than equity.
You should compare the FD rates of different banks before investing. Here we have given the interest rates of State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank for January 2020. This will help you to compare the interest rates of different banks.
SBI FD Rates
| Period | FD rates for people (%) | FD rates for Senior Citizen (%) |
| Over one year and up to 2 years | 6.1 | 6.6 |
| Over two years and up to 3 years | 6.1 | 6.6 |
| Over three years and up to 5 years | 6.1 | 6.6 |
| Over five years and up to 10 years | 6.1 | 6.6 |
PNB FD Rates
| Period | FD rates for people (%) | FD rates for Senior Citizen (%) |
| Over one year and up to 2 years | 6.3 | 6.8 |
| Over two years and up to 3 years | 6.25 | 6.75 |
| Over three years and up to 5 years | 6.25 | 6.75 |
| Over five years and up to 10 years | 6.3 | 7.8 |
HDFC Bank FD Rates
| Period | FD rates for people (%) | FD rates for Senior Citizen (%) |
| Over one year and up to 2 years | 6.3 | 6.8 |
| Over two years and up to 3 years | 6.4 | 6.9 |
| Over three years and up to 5 years | 6.3 | 6.8 |
| Over five years and up to 10 years | 6.3 | 6.8 |
ICICI Bank FD Rates
| Period | FD rates for people (%) | FD rates for Senior Citizen (%) |
| 389 days to a year | 6.2 | 6.7 |
| 390 days to less than 18 months | 6.3 | 6.8 |
| 18 months to 2 years | 6.3 | 6.8 |
| 2 years 1 day to 3 years | 6.4 | 6.9 |
| 3 years 1 day to 5 years | 6.4 | 6.9 |
| 5 years 1 day to 10 years | 6.4 | 6.9 |
| 5 year tax saver FD | 6.4 | 6.9 |
Note: The figures are taken from different banks’ websites.
