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The following table is a summary of interest rates offered on fixed deposits by post office and leading banks in India for a tenure of 1 year.
| Bank/ Institution | Interest rate (% p.a) | w.e.f |
|---|---|---|
| SBI | 6.9 | 01-07-2017 |
| ICICI Bank | 6.7 | 22-12-2017 |
| HDFC Bank | 6.75 | Not Available |
| Post Office | 6.8 | 01-07-2017 |
Page last updated on Dec 24, 2017
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The Interest rates on fixed deposits differ from bank to bank and may vary depending on the tenure of the deposit. Usually, deposits with 1-3 years tenure has the highest rate. The interest rates are fixed by the banks on its discretion and may change over time depending on RBI policy, inflation and other external factors affecting the economy.
Disclaimer:- The content of this website does not constitute financial advice and is solely meant for information purpose. The interest rates are updated regularly from the official websites linked above.