ICICI, HDFC and Overseas Bank Changed the Interest Rates of FD, Check Details

ICICI, HDFC and Overseas Bank Changed the Interest Rates of FD, Check Details 

ICICI, HDFC and Indian Overseas Bank have recently changed the interest on FD. ICICI Bank is now giving maximum 5.45% interest to common citizens while HDFC 5.60% interest on FD. In such a situation, if you are planning to get FD, then we are telling you where it would be right to get FD out of ICICI, HDFC, Indian Overseas Bank, SBI and post office.

Here, see which bank is giving how much interest on FD

Interest on FD of 2 years

Interest on FD of 3 years

Interest on FD of 5 years

Tax is also to be paid on the interest earned from FD

If the interest received on bank FD in a financial year is less than 40 thousand rupees, then no tax will have to be paid on it. This limit is for people below 60 years of age. At the same time, income up to 50 thousand rupees from FD of senior citizens above 60 years of age is tax free. 10% TDS is deducted on income above this.