4/20/23, 7:45 PM Fixed Deposit Interest Rates: Compare Latest FD Interest Rates 2023

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Top Bank FD Rates

SBI FD RatesHDFC FD RatesAxis Bank FD RatesPost Office FD RatesCanara Bank FD Rates RatesKotak Bank FD RatesYes Bank FD RatesStandard Chartered FD
RatesBOB FD RatesPNB FD RatesIDFC FD RatesRBL Bank FD RatesIDBI FD RatesIndian Bank FD RatesMahindra Finance FD RatesUnion Bank FD
RatesCitiBank FD RatesBank of India FD RatesAndhra Bank FD RatesCentral Bank of India FD RatesIOB FD RatesShriram City FD RatesSyndicate Bank FD
RatesLIC Housing FD RatesBandhan Bank FD RatesKTDFC FD RatesLakshmi Vilas Bank FD RatesJ & K Bank FD RatesFederal Bank FD RatesPNBHFL FD
RatesBank of Maharashtra FD RatesTop 1 Year FD Rates2 Year FD RatesFD Schemes for 3 Years TenuresBest 4 Year FD RatesBest 5 Year FD Rates

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4/20/23, 7:45 PM Fixed Deposit Interest Rates: Compare Latest FD Interest Rates 2023

Fixed Deposit Interest Rates 2023

Fixed deposit is a safe investment option that guarantees consistent interest rates, special interest rates for senior citizens, and various interest payment options along
with income tax deductions but without any market-related risks. It is important to compare the latest fixed deposit rates among leading banks in the country before
opening a new fixed deposit or renewing an existing one. The interest rates for the general public range from 3.00% p.a. to 9.00% for tenures from 7 days up to 10
years. Senior citizens are offered interest rates that are higher by 0.50% to 0.75% of the rates offered to the general public.

Table of Contents
Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs.2 croreFD Rates Offered by Other Popular Banks in India for below Rs.2 croreTypes of Fixed
DepositsTop 10 Tax Saver FD Interest RatesHighest Small Finance Bank FD Interest RatesTop NBFCs FD Interest Rates (Non-Banking Financial Companies)Top
Foreign Banks FD Interest RatesCompany/Corporate Fixed Deposit RatesBest 5 Year FD Interest RatesHow to Choose the Right Fixed Deposit

Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs.2 crore
Given below are the latest interest rates offered by top banks for tenures ranging from 7 days to 10 years as of April 2023.

Bank FD Names For General Citizens (p.a.) For Senior Citizens (p.a)

State Bank of India FD 3.00% to 7.10% 3.50% to 7.60%

HDFC Bank FD 3.00% to 7.10% 3.50% to 7.75%

ICICI Bank FD 3.00% to 7.10% 3.50% to 7.60%

IDBI Bank FD 3.00% to 7.15% 3.50% to 7.65%

Kotak Mahindra Bank FD 2.75% to 7.20% 3.25% to 7.70%

RBL Bank FD 3.50% to 7.80% 4.00% to 8.30%

KVB Bank FD 4.00% to 7.50% 5.90% to 8.00%

Punjab National Bank FD 3.50% to 7.25% 4.00% to 7.75%

Canara Bank FD 3.25% to 7.15% 3.25% to 7.65%

Axis Bank FD 3.50% to 7.26% 3.50% to 8.01%

Bank of Baroda FD 3.00% to 7.05% 3.50% to 7.55%

IDFC First Bank FD 3.50% to 7.75% 4.00% to 8.25%

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FD Rates Offered by Other Popular Banks in India for below Rs.2 crore
The fixed deposit interest rates offered by other banks in India are given below for deposits below Rs.2 crore, as of April 2023. These are for tenures ranging from 7
days to 10 years.

Bank FD Names For General Citizens (p.a.) For Senior Citizens (p.a.)

Yes Bank FD 3.25% to 7.50% 3.75% to 8.00%

IndusInd Bank FD 3.50% to 7.75% 4.00% to 8.25%

UCO Bank FD 2.90% to 7.15% 2.90% to 7.20%

Central Bank of India FD 4.00% to 6.75% 4.50% to 7.25%

Indian Bank FD 2.80% to 6.70% 3.30% to 7.20%

Indian Overseas Bank FD 4.00% to 7.25% 4.50% to 7.75%

Bandhan Bank FD 3.00% to 8.00% 3.75% to 8.50%

Finance Minister "Nirmala Sitharaman" Announces New Saving Scheme for Women
Nirmala Sitharaman, the union finance minister, introduced the "Mahila Samman Saving Certificate," which offers a fixed interest rate of 7.5% for two years. 

The deposit may be made in a woman's or a girl's name. The maximum deposit is Rs. 2 lakh, and the programme also offers the option for partial withdrawals. 

Types of Fixed Deposits

Normal Fixed Deposits
Tax-Saving Fixed Deposits
Senior Citizen Fixed Deposits
NRI Fixed Deposits
Cumulative/Non-Cumulative Fixed Deposits
Flexi Fixed Deposits

Features of a Fixed Deposit Account

Safer than other investment vehicles.

Lets you earn interest over a fixed period of time.
Flexible tenures of up to 10 years.
No cap on the maximum deposit.
Additional rates for senior citizens.

Top 10 Tax Saver FD Interest Rates

Tax-saver FDs offer a maximum deduction of Rs.1.5 lakh under Section 80C of the Income Tax Act with the maximum deposit permissible being Rs.1.5 lakh. The
lock-in period is 5 years. Senior citizens are offered an additional interest rate.

These are the interest rates as of April 2023.

Name of the Tax Saving FD For General Citizens (p.a.) For Senior Citizens (p.a.)

SBI Bank Tax Saving FD 6.50% 7.00%

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IndusInd Bank Tax Saver Scheme 7.25% 7.75%

RBL Bank Tax Saving FD 7.00% 7.50%

HDFC Bank Tax Saving FD 7.00% 7.75%

Canara Bank Tax Saving FD 6.50% 7.00%

Axis Bank Tax Saving FD 7.00% 7.75%

Bank of Baroda Tax Saving FD 6.50% 7.15%

IDFC First Bank Tax Saving FD 7.00% 7.50%

Union Bank of India Tax Saving FD 6.70% 7.20%

PNB Tax Saving FD 6.50%  7.00%

Punjab and Sind Bank Tax Saving FD 6.25% 6.75%

IDBI Bank Tax Saving FD 6.50% 7.00%

Highest Small Finance Bank FD Interest Rates

Small Finance Banks also provide high interest rates on FDs. Here are the highest interest rates for deposits below Rs.2 crore for tenures ranging from 7 days to 10
years effective from April 2023.

Name of the SF Bank FD For General Citizens (p.a.)  For Senior Citizens (p.a.) 

Suryoday Small Finance Bank FD  4.00% to 8.51%  4.50% to 8.76%  

Ujjivan Small Finance Bank FD  3.75% to 8.25% 4.25% to 8.75%

ESAF Small Finance Bank FD  4.00% to 8.10%  4.50% to 8.60%

Unity Small Finance Bank FD  4.50% to 9.00% 4.50% to 9.50%

Jana Small Finance Bank FD  3.75% to 7.35% 4.45% to 8.05%

Utkarsh Small Finance Bank FD  4.00% to 8.25%  4.75% to 9.00%

Equitas Small Finance Bank FD  3.50% to 8.50% 4.00% to 9.00% 

Fincare Small Finance Bank FD  3.00% to 8.41%  3.60% to 9.01%  

AU Small Finance Bank FD  3.75% to 8.00% 4.25% to 8.50%

Capital Small Finance Bank FD  3.50% to 7.60% 4.15% to 8.25%

North East Small Finance Bank FD  3.00% to 8.00% 3.75% to 8.75%  

Top NBFCs FD Interest Rates (Non-Banking Financial Companies)

NBFCs also offer competitive interest rates on their fixed deposit accounts. Here are the highest interest rates for tenures ranging from 1 year to 5 years for deposits
less than Rs.2 crore effective from April 2023.

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Name of NBFC FD Tenure For General Citizens (p.a.) For Senior Citizens (p.a.)

12 months to 60 7.25% to 7.75% (up to deposit of Rs.20 crore for 7.50% to 8.00% (up to deposit of Rs.20 crore for
LIC Housing Finance FD
months cumulative) cumulative)

12 months to 120
PNB Housing Finance FD 7.35% to 7.70% (cumulative) 7.60% to 7.95% (cumulative)
months

Shriram City Union Finance 12 months to 60

7.34% to 8.18% 8.06% to 8.68%
FD months

Top Foreign Banks FD Interest Rates

Here are the highest interest rates for deposits below Rs.2 crore for tenures ranging from 7 days to 10 years effective from April 2023.

Name of the Foreign Bank For General Citizens (p.a.) For Senior Citizens (p.a.)

Deutsche Bank FD 3.00% to 7.75% 3.00% to 7.75%

DBS Bank FD 2.50% to 7.50% 2.50% to 8.00%

HSBC Bank FD 2.85% to 7.50% 3.35% to 8.00%

Standard Chartered Bank FD 2.75% to 7.35% 2.75% to 7.85%

Barclays Bank FD 5.74% to 6.00% Not Applicable

Company/Corporate Fixed Deposit Rates

Company Maximum FD rate (per annum)

Bajaj Finance Up to 8.20% p.a.

Mahindra Finance Ltd FD 7.05% - 7.50%

HDFC LTD FD Up to 7.35%

Housing and Urban Development Corporation (HUDCO) FD Up to 7.50% p.a.

Sundaram Finance Company FD 7.25% p.a. - 7.53% p.a.

Muthoot Capital FD 7.50% p.a. - 7.75% p.a.

Highest 1 Year FD Interest Rates

These are the highest 1-year FD rates offered by banks effective from April 2023.

Name of Bank For General Citizens (p.a.) For Senior Citizens (p.a.)

DCB Bank 7.25% 7.75%

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Bank of India 6.00% 6.50%

Karnataka Bank 7.00% 7.40%

Bank of Baroda 6.75% 7.25%

Canara Bank 6.75% 7.25%

Union Bank of India 6.30% 6.80%

Punjab and Sind Bank 6.40% 6.90%

Highest 2 Year FD Interest Rates

These are the highest 2-year FD rates offered by banks effective from April 2023:

Name of Bank For General Citizens (p.a.) For Senior Citizens (p.a.)

IDFC First Bank 7.75% 8.25%

IDBI Bank 6.75% 7.50%

Union Bank of India 6.30% 6.80%

Canara Bank 6.80% 7.30%

Highest 3 Year FD Interest Rates

These are the highest 3-year FD rates offered by banks effective from April 2023:

Name of Bank For General Citizens (p.a.) For Senior Citizens (p.a.)

AU Small Finance Bank 7.50% 8.00%

DCB Bank 7.60% 8.10%

Bandhan Bank 7.25% 7.75%

City Union Bank 6.50% 6.75%

Karur Vysya Bank 7.00% 7.40%

Best 5 Year FD Interest Rates

These are the highest 5-year FD rates offered by banks effective from April 2023:

Name of Bank For General Citizens (p.a.) For Senior Citizens (p.a.)

IDFC First Bank 7.00% 7.50%

Union Bank of India 6.70% 7.20%

IDBI Bank 6.25% 6.75%

Canara Bank 6.50% 7.00%

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Axis Bank 7.00% 7.75%

State Bank of India 6.50% 7.50%

Senior Citizen Fixed Deposits

Fixed deposits for senior citizens have some features that differentiate them from fixed deposits for the general public, such as:

The depositor should be 60 years and above at the time of opening the fixed deposit account
Depending on the bank, interest rates are higher by 0.25% to 0.50%
The tenure is between 7 days and 10 days
Loan against FD can be availed
Penalties for premature withdrawal are the same as for the general public

Earn now with Time Deposits up to 7.7%

Interest rates for different tenors of Post Office Time Deposits have been updated by the Finance Ministry. The interest rates have increased by 0.5%. Starting
tomorrow, the new rates will be in effect for the first quarter of FY 2023–24. The interest rate ranges between 6.80% and 7.70%.

Eligibility Criteria for FD investment

The following entities are eligible to open an FD account in India:

Indian resident
NRI
Minors
Senior citizens
Companies
Partnership firms
Individuals or joint investors
Societies or clubs
Sole proprietorship

Documents Required for opening an FD account

The documents required for opening an FD account are as given below:

Proof of identity: Voter ID, PAN card, Aadhaar card, driving license, photo ration card, senior citizen ID card, etc.
Proof of address: Utility bills, bank statement with cheque, Post-office issued identification card or certificate, etc.

How to open a Fixed Deposit

You can open an FD in two ways: online and offline.

Online: To open an FD account online, it would be easiest to do so with the bank where you already have an account. All you have to do is use the net banking facility,
fill up the online form for opening an FD, and submit it. In such cases, KYC will not be required as your bank will already have the details. You can transfer the funds
through your account using the internet banking facility.

Offline: Visit the nearest branch of your bank and fill up the application form for opening an FD account. Submit it to the concerned official with the required
documents. Deposit the required amount and you will receive the FD receipt.

Factors that Affect FD Interest Rates

There are many factors that affect FD interest rates, some of which are given below:

Deposit Tenure: The lower the tenure, the lower will be the interest rate and the higher or medium range the tenure, the higher the interest rate will be.
Deposit Amount: Higher deposit amounts will fetch you higher interest rates, especially bulk deposits exceeding Rs.1 crore.
Depositor type: Senior citizens typically get 0.25% to 0.50% additional interest rate on fixed deposits.

Fixed Deposit Interest Rate Calculator

The interest you can earn on your deposited amount depends on multiple factors, including the amount invested, tenure, rate of interest, interest computation frequency,
and taxation. You can calculate the returns on your investment by using an FD calculator. The entire process of calculating the amount is easy and hassle-free. All you
need to do is enter the deposit term, choose the type of FD (reinvestment, quarterly, or monthly payment), the investment amount, the date of account opening, and the
interest rate.

Fixed Deposit Interest and Income Tax

The income you earn on your FD is termed as Income from Other Source and it is fully taxable.
Banks will not deduct TDS, if your interest income from fixed deposits is less than Rs.40,000 in a year.
You need to submit Form 15G and Form 15H to the bank at the beginning of the financial year. Banks will not deduct TDS following the form submission.

CRISIL & ICRA Rating List for Corporate Fixed Deposits

It is beneficial to understand the credit ratings of corporate fixed deposits before you open an account. These ratings are a testament to the consistency, stability, and
credibility of the companies that offer these FDs.

The CRISIL credit ratings for FDs fall under the categories as given below:

Rating Standard

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FAAA Highest safety

FAA High safety

FA Adequate safety

FB Inadequate safety

FC High risk

FD Default

NM Not Meaningful

The ICRA credit ratings for FDs fall under the categories as given below (these also have positive and negative values)

Rating Standard

MAAA Highest credit quality

MAA High credit quality

MA Adequate credit quality

MB Inadequate credit quality

MC Risk-prone credit quality

MD Lowest credit quality

How to Choose the Right Fixed Deposit

Here are the factors to look into when choosing a fixed deposit:

1. Compare the FD interest rates of different banks.

2. Review the credibility of the lender by examining the fixed deposit’s safety rating as given by ICRA or CRISIL.
3. Choose whether you want a cumulative or non-cumulative fixed deposit.
4. Choose a bank that offers good customer service and a hassle-free process for opening an FD.

SBI Amrit Kalash Scheme Extended by the Bank

The validity of the Amrit Kalash special fixed deposit (FD) scheme has been extended by India’s largest lender, State Bank of India (SBI). This retail term deposit
scheme was introduced on 15 February 2023 and was valid till 31 March 2023, which has been extended to 30 June 2023. This scheme offers a tenor of 400 days with
a rate of interest of 7.10% and 7.60% for general citizens and senior citizens, respectively.

Advantages of Fixed Deposit

Fixed deposits have several advantages, some of which are:

Low risk: Market risks do not affect the returns on your fixed deposits.
Insurance: Your deposits are insured for up to Rs.1 lakh by the RBI.
Loan against FD: You can avail loans of up to 90% of your deposit amount at very low interest rates. This will usually be around 2% more than the FD interest
rate.
Easy liquidity: In the case of an emergency, you can easily liquidate your FD and release the funds.
Regular income: You can get the interest sum credited as per your requirements on a monthly, quarterly, or annual basis.
Tax benefits: Investing in tax-saving fixed deposits will fetch you tax deductions of up to Rs.1.5 lakh in a financial year.
Senior citizens: Senior citizens are offered a higher interest rate compared to regular customers.
Earn interest on your deposits and see your wealth grow.
Flexible tenures.

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Investing In A Fixed Deposit Online Within Mi…

Mi…

FAQs on Fixed Deposit

1. Is FD a good investment?

Investing in fixed deposits is one of the safest investment options available. The interest offered on FDs by banks makes it a good option.

2. What is the minimum period for a fixed deposit?

A fixed deposit account can be opened for a minimum period of 7 days.

3. What is the minimum amount that can be deposited in an FD account?

The minimum amount varies from bank to bank. It can be as low as Rs.50.

4. Can I get monthly interest on a fixed deposit?

Yes, you can get a monthly interest payout on your fixed deposit.

5. Can I prematurely withdraw from a Tax Saver Term Deposit?

No, you cannot prematurely withdraw a tax saver term deposit as it has a lock-in period of 5 years.

6. What is the maximum duration for which an FD account can be opened?

You can open a fixed deposit account for a maximum period of 10 years.

7. Do all NBFCs offer the option of opening an FD account with them for a period of 10 years?

No, not all NBFCs offer you open of opening a FD for a period of 10 years.

8. What is the maximum exemption that I can get under tax saver FDs?

Under tax saver FDs, the maximum exemption you can get is Rs.1.5 lakh.

9. Under which section of the Income Tax Act is the tax benefit offered on tax saver FDs?

The tax benefit is offered under Section 80C of the Income Tax Act, 1961.

10. Do banks charge a penalty for premature withdrawal of FD?

Yes, banks charge a penalty for premature withdrawal of an FD.

11. How can I get the maximum returns from my fixed deposit?

To get the maximum returns on your fixed deposit, compare the fixed deposit rates among different tenures in the same bank and among different banks. Make
sure that it is not too short or too long.

Latest News About Fixed Deposit Rates

LIC Housing Finance Ltd offers up to 7.75% interest on FDs of different tenures
LIC Housing Finance Ltd, one of India's largest housing finance companies founded in 1989, has updated its interest rates on domestic fixed deposits. The public
deposits now have a tenor of 1 to 5 years, with interest rates ranging from 7.25% to 7.75%. The new rates are effective from 12 April 2023. 

15 April 2023

Jana Small Finance Bank Revises Rates on FDs

Jana Small Finance Bank (SFB) has made changes to the interest rates offered on Fixed Deposits (FD) that are less than Rs. 2 crore. The revised rates apply to tenors
ranging from 7 days to 10 years and vary from 3.75% p.a. to 6% p.a. for the general public and 4.45% p.a. to 6.70% p.a. for senior citizens. For deposits maturing in
500 days, the highest interest rate is now 8.15% p.a. for non-senior citizens and 8.85% p.a. for senior citizens. These new rates have been effective from 10 April 2023.
The rate changes are applicable to various tenors, such as 7 days to 14 days, 15 days to 60 days, 61 days to 90 days, 91 days to 180 days, 181 days to 364 days, 365
days to 2 years, 2 years to 3 years, 3 years to 5 years, and 5 years (1825 days) to 10 years. Equitas Small Finance Bank (SFB) has also revised the rate of interest

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offered on FDs of less than Rs. 2 crore. The bank provides term deposits ranging from 7 days to 10 years, with interest rates varying from 3.50% p.a. to 7.25% p.a. For
deposits maturing in 888 days, the highest interest rate is 8.50% p.a. for non-senior citizens and 9% p.a. for senior citizens. The revised FD rates have been in effect
from 11 April 2023, as per the official website of Equitas SFB. 

14 April 2023

Fixed deposit interest rates for tenor of 888 days increased by Equitas SFB
Equitas Small Finance Bank (SFB) has revised the fixed deposits (FDs) interest rates under Rs.2 crore with maturity ranging between seven days to 10 years, and the
new rates being offered starting from 3.50% to 7.25%. The maximum interest rate that general customers and senior citizens can earn is 8.50% and 9.00%, respectively.
The customers can now earn interest at rates of 3.50%, 4.00%, 4.50%, 5.25%, 6.25%, and 8.20% for FDs maturing in seven to 29 days, 30 to 45 days, 46 to 90 days, 91
to 180 days, 181 to 364 days, and one year to 18 months, respectively.  

Equitas SFB will now offer interest at rates of 7.75%, 8.00%, and 8.50% for FDs with maturity ranging between 18 months one day to two years, two years one day to
887 days, and 888 days, respectively. Deposits maturing in 889 days to three years, three years one day to four years, and four years one day to 10 years will now offer
8.00%, 7.50%, and 7.25%, respectively. As per the bank notification, the customers can avail themselves of the new rates from 11 April 2023. 

13 April 2023

Jammu and Kashmir Bank FD rates hiked

Jammu and Kashmir Bank (J&K Bank) has revised the interest rates on its fixed deposits (FDs) of less than Rs.2 crore with effect from 11 April 2023. After the
revision, the bank will now offer an interest rate of 3.00% on fixed deposits maturing in 7 to 30 days. Fixed deposits held for 31 to 45 days will continue to earn a
3.50% interest. The bank will continue to offer 4.50% on fixed deposits maturing in 46 to 180 days while those that mature in 181 to 270 days will continue to earn
5.50%.  

J&K Bank will continue to offer an interest rate of 6.00% on FDs maturing in 271 days to less than 1 year. The interest rate on fixed deposits held for 1 year to less
than 2 years has been reduced from 7.25% to 7.10%. The interest rate on fixed deposits held for 2 years to less than 3 years remains unchanged at 6.75%. Fixed
deposits maturing in 3 years to less than 10 years will continue to receive an interest rate of 6.50%. 

12 April 2023

Axis Bank announces a hike in FD rates

Axis Bank has announced a hike in the interest rates on fixed deposits (FDs) of more than Rs.5 crore with effect from 10 April 2023. After the revision, the bank now
provides interest rates ranging from 5.50% to 7.00% on fixed deposits with maturities ranging from 7 days to 10 years for the general public. The bank offers interest
rates ranging from 5.50% to 7.75% for senior citizens.  

11 April 2023

Karnataka Bank Revises Interest Rates on Fixed Deposits

Karnataka Bank has recently revised its interest rates on Fixed Deposits, with the new rates being effective from 10 April 2023. The revised rates apply to deposits of
less than Rs. 2 crore with tenors ranging from 7 days to 10 years. The bank is offering interest rates between 4.50% p.a. and 5.80% p.a., with a maximum rate of 7.30%
p.a. for deposits that mature in 375 days. For deposits maturing in 7 days to 90 days, the bank is providing an interest rate of 4.50% p.a., while deposits maturing in 91
days to 364 days will earn an interest rate of 5.25% p.a. Deposits held for one to two years will earn an interest rate of 7% p.a., while the KBL Centenary Deposit will
earn an interest rate of 7.30% p.a. From now on for the deposits maturing between 2 and 5 years will earn an interest rate of 6.50% p.a., while FDs maturing between 5
and 10 years will earn an interest rate of 5.80% p.a.  

10 April 2023

Kotak Mahindra Bank announces a revision in FD interest rates

Kotak Mahindra Bank has announced an increase in the interest rate on its fixed deposits (FDS) of less than Rs.2 crore with effect from 6 April 2023. The bank will
now offer an interest rate of 7.00% on fixed deposits held for two years to less than three years. Senior citizens will receive 7.50% interest for the same tenure.  

10 April 2023

Indian Overseas Bank has revised the fixed deposit interest rates

The public sector lender, Indian Overseas Bank (IOB), has revised the interest rates on fixed deposits (FDs) on various tenors, which are effective from today, 10 April
2023. As per the new rates, FDs maturing in seven to 14 days and 15 to 29 days will now yield interest at a rate of 4.00%. The IOB customers will now earn 4.25%
interest on FD tenures ranging between 30 to 45 days, 46 to 60 days, and 61 to 90 days. 

For FDs maturing in 91 to 120 days and 121 to 179 days, interest earned will be at a rate of 4.50%, while for FDs maturing in 180 days to 269 days will yield an
interest rate of 4.95%. Investing in FDs with maturing ranging between one year to two years and three years and above will yield an interest rate of 6.50%. While
customers will earn interest at rates of 5.35%, 6.80%, and 7.25% on FDs maturing in 270 days to one year, two years to three years, and 444 days, respectively. 

8 April 2023

Golden Years FD extended till 31 October by the ICICI Bank

ICICI Bank Golden Years FD is a special fixed deposit scheme introduced by the ICICI Bank for senior citizens. The last date for the scheme has been extended to 31
October 2023, which was earlier, 7 April. Golden Years FD offers 0.10% over the additional 0.50% earned from retail deposit schemes. This special deposit scheme has
a maturing period ranging between five to 10 years. It offers an interest rate of 7.50%, which is applicable for a single FD of an amount less than Rs.2 crore opened
through ICICI Bank. 

7 April 2023

Canara Bank announces a hike in fixed deposit rates

The interest rates on Canara Bank’s fixed deposits (FDs) of less than Rs.2 crore have been hiked with effect from 5 April 2023. Following the revision, the bank now
offers an interest rate of 4.00% on fixed deposits maturing in 7 to 45 days. Fixed deposits maturing in 46 to 90 days will earn a 5.25% interest rate while those that
mature in 91 to 179 days will be paid 5.5%. Canara Bank offers an interest rate of 6.25% on FDs with maturities of 180 to 269 days and 6.50% on fixed deposits
maturing in 270 days to less than 1 year. 

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4/20/23, 7:45 PM Fixed Deposit Interest Rates: Compare Latest FD Interest Rates 2023
The interest rate applicable on fixed deposits maintained for 1 year is 7.00% while fixed deposits held for 444 days will receive 7.25% interest. FDs with maturity
periods of more than 1 year to less than 2 years will be paid 6.90%. The interest rates on fixed deposits maintained for 2 years to less than 3 years and 3 years to less
than 5 years are 6.85% and 6.80%, respectively. Canara Bank will offer an interest rate of 6.70% on fixed deposits that mature in 5 years to 10 years.  

6 April 2023

Shriram Finance Limited Announces Special FD Shriram Unnati Deposits

Shriram Finance Limited (SFL), India's most prominent retail Non-Banking Financial Company NBFC, has announced a special Fixed Deposit (FD) rate of interest
under the Jubilee Deposit (Shriram Unnati Deposits) category as part of the Shriram Group's golden jubilee celebrations. The company is accepting applications for
new and renewed FDs, with a maximum rate of interest of 8.50% p.a. for the general public, 8.61% p.a. for women depositors, 8.77% p.a. on renewal of existing
deposits, 8.88% p.a. on renewal by women, 9.04% p.a. for senior citizens, 9.15% p.a. for women senior citizens, 9.31% p.a. on renewal by senior citizens, and 9.42%
p.a. on renewal made by women senior citizens.

All other schemes mentioned in the company's announcement on 9 March 2023 will remain unchanged, except for the 48-month scheme, which will be discontinued
from 15 April 2023. According to a stock exchange filing by Shriram Finance, the fixed deposit schemes' terms and conditions, including the additional interest rates of
0.50% per annum for senior citizens and 0.60% per annum for senior citizens women, will remain unchanged. Women investors will receive an extra 0.10% p.a.
interest, and all the tenures, as mentioned above, will be available for both online and offline investments. 

5 April 2023
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