State Bank of India 

(SBI)
is an Indian multinational, public sector banking and financial
services statutory body headquartered in Mumbai,
Maharashtra. SBI is the 43rd largest bank in the world and
ranked 221st in the Fortune Global 500 list of the world's
biggest corporations of 2020, being the only Indian bank on the
list. It is a public sector bank and the largest bank in India with
a 23% market share by assets and a 25% share of the total
loan and deposits market. It is also the fifth largest employer in
India with nearly 250,000 employees.
The bank descends from the Bank of Calcutta, founded in 1806
via the Imperial Bank of India, making it the oldest commercial
bank in the Indian Subcontinent. The Bank of Madras merged
into the other two presidency banks in British India, the Bank of
Calcutta and the Bank of Bombay, to form the Imperial Bank of
India, which in turn became the State Bank of India in 1955.
The Government of India took control of the Imperial Bank of
India in 1955, with Reserve Bank of India (India's central bank)
taking a 60% stake, renaming it State Bank of India.

FD Interest Rates for General FD Interest Rates for Senior

Tenure
Citizens Citizens

7 days – 45 days 2.90% 3.40%

46 days – 179 days 3.90% 4.40%

180 days – 210 days 4.40% 4.90%

211 days – 364 days 4.40% 4.90%

1 year – 1 year 364

4.90% 5.40%
days

2 years – 2 years 364

5.10% 5.60%
days
 3 years – 4 years 364
5.30% 5.80%
days

5 years – 10 years 5.40% 6.20%

Features of SBI Fixed Deposits

SBI fixed deposits have several features which are customer-
friendly such as:
 Interest payments on a calendar
quarter/quarterly/monthly basis
 Minimum deposit is Rs.1,000 only
 No limit on maximum deposit
 Tenure ranging from 7 days to 10 years
 Nomination facility is available
 Loans of up to 90% of the principal amount can be
availed against the FD
 Overdraft of up to 90% of the principal amount can be
availed against the FD
 Term Deposit with Regular Interest Payout can be
converted to Cumulative Interest Payout and vice versa

ICICI BANK

is an Indian financial services company with its registered office

in Vadodara, Gujarat, and corporate office in Mumbai,
Maharashtra. It offers a wide range of banking products and
financial services for corporate and retail customers through a
variety of delivery channels and specialized subsidiaries in the
areas of investment banking, life, non-life insurance, venture
capital and asset management. The bank has a network of
5,275 branches and 15,589 ATMs across India and has a
presence in 17 countries.
The bank has subsidiaries in the United Kingdom and Canada;
branches in United States, Singapore, Bahrain, Hong
Kong, Qatar, Oman, Dubai International Finance Centre, China
and South Africa; as well as representative offices in United
Arab Emirates, Bangladesh, Malaysia and Indonesia. The
company's UK subsidiary has also established branches in
Belgium and Germany.
CICI Bank was established by the Industrial Credit and
Investment Corporation of India (ICICI), an Indian financial
institution, as a wholly owned subsidiary in 1994
in Vadodara however the parent company was formed in 1955
as a joint-venture of the World Bank, India's public-sector banks
and public-sector insurance companies to provide project
financing to Indian industry. The bank was founded as the
Industrial Credit and Investment Corporation of India Bank,
before it changed its name to ICICI Bank. The parent company
was later merged with the bank.
ICICI Bank launched Internet Banking operations in 1998.
ICICI's shareholding in ICICI Bank was reduced to 46 percent,
through a public offering of shares in India in 1998, followed by
an equity offering in the form of American depositary
receipts on the NYSE in 2000. ICICI Bank acquired the Bank of
Madura Limited in an all-stock deal in 2001 and sold additional
stakes to institutional investors during 2001–02.
 Interest
Rate
for
Tenure Interest rate for senior citizens
General
Citizens
(p.a.)

7 days to 14 days 2.50% 2.50%

15 days to 29 days 2.50% 2.50%

30 days to 45 days 2.75% 2.75%

46 days to 60 days 2.75% 2.75%

61 days to 90 days 3.00% 3.00%

91 days to 120 days 3.00% 3.00%

121 days to 184 days 3.00% 3.00%

185 days to 210 days 3.50% 3.50%

211 months to 270 days 3.50% 3.50%

271 days to less than 289

3.65% 3.65%
days

290 days to less than 1 year 3.65% 3.65%

1 year to 389 days 3.75% 3.75%

390 days to less than 18 3.75% 3.75%

 Interest
Rate
for
Tenure Interest rate for senior citizens
General
Citizens
(p.a.)

months

18 months to 2 years 4.00% 4.00%

2 years 1 day to 3 years 4.40% 4.40%

3 years 1 day to 5 years 4.40% 4.40%

5 years 1 day to 10 years 4.40% 4.40%

5 years (80C FD) - Max to

NA NA
Rs.1.50 lakh

FEATURES AND BENEFITS OF ICICI BANK FIXED

DEPOSIT:-

The main features and the benefits of the FD scheme offered

by ICICI Bank are mentioned below:
 Guaranteed returns on any investments that are made.
 Attractive interest rates are offered.
 Loans can be availed against the balance that is
available in the account.
 The minimum deposit that must be made is Rs.10,000.
 An FD account can be opened anytime via internet
banking or mobile banking.
 Safety is provided for any investments that are made.
HDFC BANK

is an Indian banking and financial services company,

headquartered in Mumbai, Maharashtra. HDFC Bank is India's
largest private sector bank by assets and by market
capitalisation as of April 2021. It is the third largest company by
market capitalisation on the Indian stock exchanges. It is also
the thirteenth largest employer in India with nearly 120,000
employees. HDFC Bank was incorporated in 1994 as a
subsidiary of the Housing Development Finance Corporation,
with its registered office in Mumbai, Maharashtra, India. Its first
corporate office and a full-service branch at Sandoz
House, Worli were inaugurated by the Union Finance
Minister, Manmohan Singh. As of 30 June 2019, the Bank's
distribution network was at 5,500 branches across 2,764 cities.
The bank also installed 430,000 POS terminals and issued
23,570,000 debit cards and 12 million credit cards in FY
2017. It has a base of 1,16,971 permanent employees as of 21
March 2020.
Period General Public Rates (p.a.) Senior citizen

7 days to 14 days 2.50% 3.00%

15 days to 29 days 2.50% 3.00%

30 days to 45 days 3.00% 3.50%

 Period General Public Rates (p.a.) Senior citizen

46 days to 60 days 3.00% 3.50%

61 days to 90 days 3.00% 3.50%

91 days to 6 months 3.50% 4.00%

6 months 1 day to 9 months 4.40% 4.90%

9 months 1 day to less than 1 year 4.40% 4.90%

1 year 4.90% 5.40%

1 year 1 day to 2 years 4.90% 5.40%

2 years 1 day to 3 years 5.15% 5.65%

3 years 1 day to 5 years 5.30% 5.80%

5 years 1 day to 10 years 5.50% 6.25%

Features and Benefits of HDFC Fixed Deposits

 A fixed deposit gives you guaranteed returns.
 When you have a savings account with HDFC, you can
easily open a fixed deposit and do not have to worry
about the amount until it matures.
 If you choose a fixed deposit with a reinvestment option,
you can easily benefit from the compound interest and
earn interest on the principal amount and also the
interest that you earn.
 If you want to get a regular income, you can always
choose for monthly or quarterly interest pay-outs.
 If you want to save tax, you can choose the five year tax
saving fixed deposit, and benefit from the exemptions
under Section 80c.
Punjab National Bank

abbreviated as PNB, is an Indian government-owned bank. Its

headquarters are in New Delhi, India. It is under
the ownership of Ministry of Finance , Government of India .
The bank was founded in 1894 and is the second largest
government-owned bank in India, both in terms of its business
volumes and its network. The bank has over 180 million
customers, 12,248 branches, and 13,000+ ATMs post merger
with United Bank of India and Oriental Bank of Commerce,
effective from 1 April 2020.
PNB has a banking subsidiary in the UK (PNB International
Bank, with seven branches in the UK), as well as branches
in Hong Kong, Kowloon, Dubai, and Kabul. It has
representative offices in Almaty (Kazakhstan), Dubai (United
Arab Emirates), Shanghai (China), Oslo (Norway),
and Sydney (Australia). In Bhutan it owns 51% of Druk PNB
Bank, which has five branches. In Nepal PNB owns 20%
of Everest Bank Limited, which has 50 branches. Lastly, PNB
owns 41.64% of JSC (SB) PNB Bank in Kazakhstan, which has
four branches. Punjab National Bank is a PSU working under
union Government of India regulated by Reserve Bank of
India Act, 1934 and Banking Regulation Act, 1949. Punjab
National Bank was registered on 19 May 1894 under the Indian
Companies Act, with its office in Anarkali Bazaar, Lahore, in
present-day Pakistan. The founding board was drawn from
different parts of India professing different faiths and of varying
back-ground with, the common objective of creating a truly
national bank that would further the economic interest of the
country.[1] PNB's founders included several leaders of
the Swadeshi movement such as Dyal Singh Majithia and Lala
Harkishen Lal, Lala Lalchand, Kali Prosanna Roy, E. C.
Jessawala, Prabhu Dayal, Bakshi Jaishi Ram, and Lala Dholan
Dass. Lala Lajpat Rai was actively associated with the
management of the Bank in its early years.
 

Tenure Regular FD Rates (p.a) Senior Citizen FD R

7 days to 14 days 3.00% 3.50%

15 days to 29 days 3.00% 3.50%

30 days to 45 days 3.00% 3.50%

46 days to 90 days 3.25% 3.75%

91 days to 179 days 4.00% 4.50%

180 days to 270 days 4.40% 4.90%

271 days to less than a year 4.50% 5.00%

1 year 5.10% 5.60%

Above 1 year and up to 2 years 5.10% 5.60%

Above 2 years and up to 3

5.10% 5.60%
years

Above 3 years and up to 5

5.25% 5.75%
years

Above 5 years and up to 10

5.25% 5.75%
years
Features of PNB Fixed Deposit
 Auto-renewal: If the depositor opts for auto-renewal,
his/her term deposit will be automatically renewed after
maturity except for term deposits under the Recurring
Deposit Scheme, Capital Gain Scheme, PNB Tax Saver
Scheme, Bulk Term Deposits (above Rs.10 Crore) and
Inter-Bank Deposits.
 Inclusion of blind and illiterate persons: PNB allows blind
and illiterate persons to open a fixed deposit account.
 Inclusions of all sections of society: Right from High
School girls to beneficiaries of road accident insurance
claims, PNB FDs are designed to serve every category
of depositors.

Canara Bank :-

is one of the largest Indian government owned banks. It is

under the ownership of Ministry of Finance, Government of
India. It is headquartered in Bengaluru. It was established
at Mangalore in 1906 by Ammembal Subba Rao Pai and later
the government nationalized the bank in 1969. The bank also
has offices abroad in London, Hong
Kong, Moscow, Shanghai, Dubai, Tanzania and New York. As
per the announcement made by the Finance Minister Nirmala
Sitharaman on 30 August 2019, Manipal based Syndicate
Bank merged with Canara bank on 1 April 2020, making it the
fourth largest PSU bank in the country. Canara Bank's first
acquisition took place in 1961 when it acquired Bank of Kerala.
This had been founded in September 1944 and at the time of
its acquisition on 20 May 1961 had three branches. The second
bank that Canara Bank acquired was Seasia Midland Bank
(Alleppey), which had been established on 26 July 1930 and
had seven branches at the time of its takeover.
In 1958, the Reserve Bank of India had ordered Canara Bank
to acquire G. Raghumathmul Bank, in Hyderabad. This bank
had been established in 1870, and had converted to a limited
company in 1925. At the time of the acquisition G.
Raghumathmul Bank had five branches. The merger took effect
in 1961. Later in 1961, Canara Bank acquired Trivandrum
Permanent Bank. This had been founded on 7 February 1899
and had 14 branches at the time of the merger.
Next, Canara Bank acquired four banks in 1963: the Sree
Poornathrayeesa Vilasam Bank, Thrippunithura, Arnad
Bank, Tiruchirapalli, Cochin Commercial Bank, Cochin,
and Pandyan Bank, Madurai. Sree Poornathrayeesa Vilasam
Bank had been established on 21 February 1923 and at the
time of its acquisition it had 14 branches. Arnad Bank had been
established on 23 December 1942 and at the time of its
acquisition had only one branch. Cochin Commercial Bank had
been established on 3 January 1936, and at the time of its
acquisition had 13 branches.
The Government of India nationalised Canara Bank, along with
13 other major commercial banks of India, on 19 July 1969. In
1976, Canara Bank inaugurated its 1000th branch. In 1985,
Canara Bank acquired Lakshmi Commercial Bank in a rescue.
This brought Canara Bank some 230 branches in northern
India.
In 1996, Canara Bank became the first Indian Bank to
get ISO certification for "Total Branch Banking" for its
Seshadripuram branch in Bangalore. Canara Bank has now
stopped opting for ISO certification of branches.
On 30 August 2019, Finance Minister Nirmala
Sitharaman announced that Syndicate Bank would be merged
with Canara Bank. The proposed merger would create the
fourth largest public sector bank in the country with total
business of ₹15.20 lakh crore (US$210 billion) and 10,324
branches. The Board of Directors of Canara Bank approved the
 merger on 13 September. The Union Cabinet approved the
merger on 4 March 2020. The merger was completed on 1 April
2020 with Syndicate Bank shareholders receiving 158 equity
shares in the former for every 1,000 shares they hold.

Interest Rate for

Maturity Period Interest Rate for Senior Citizens (p.a.)
General Citizens (p.a.)

7 days to 45 days 2.95% 2.95%

46 days to 90 days 3.90% 3.90%

91 days to 179 days 4.00% 4.00%

180 days to less than 1

4.45% 4.95%
year

1 year 5.20% 5.70%

Above 1 year to less than

5.20% 5.70%
2 years

2 years and above to less

5.40% 5.90%
than 3 years

3 years and above to less

5.50% 6.00%
than 5 years

5 years and above to 10

5.50% 6.00%
years

Features and Benefits of Canara Bank Fixed Deposits

 The main features and benefits of the FD account offered by
Canara Bank are mentioned below:
 The minimum amount that must be deposited is
Rs.1,000.
 The tenure of the scheme ranges between 7 days and
10 years.
 An additional interest rate is offered for senior citizens.
 Nominations can be added.
 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
July 2021. These are for tenures ranging from 7 days to 10
years.

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

Yes Bank FD 3.50% to 6.75% 4.00% to 7.50%

IndusInd Bank FD 2.75% to 6.25% 3.25% to 6.75%

UCO Bank FD 2.75% to 5.00% 3.00% to 5.50%

United Bank of India FD 4.00% to 6.00% 4.50% to 6.50%

Union Bank of India FD 3.00% to 5.60% 3.50% to 6.10%

Allahabad Bank FD (now Indian

2.90% to 5.25% 3.40% to 5.75%
Bank)

Central Bank of India FD 2.75% to 5.10% 3.25% to 5.60%

Indian Bank FD 2.90% to 5.15% 3.40% to 5.65%

Indian Overseas Bank FD 3.40% to 5.20% 3.90% to 5.70%

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

Bandhan Bank FD 3.00% to 5.50% 3.75% to 6.25%

DBS Bank FD 2.50% to 5.50% 2.50% to 5.50%

Andhra Bank FD (now Union

3.00% to 5.60% 3.50% to 6.10%
Bank)

HSBC Bank FD 2.25% to 4.00% 2.75% to 4.50%

Syndicate Bank FD (now Canara

2.95% to 5.50% 2.95% to 6.00%
Bank)

Duetsche Bank FD 1.80% to 6.25% 1.80% to 6.25%

SBM Bank FD 3.25% to 6.50% 3.75% to 7.00%