Fixed Deposit Rates of Public Sector Banks.Fixed Deposit Interest Rates of Private Sector Banks.FD Interest Rates of Small Finance Banks.Senior citizens are usually offered an additional interest of 0.50%-0.75% p.a. for the regular depositors for tenures ranging from 7 days to 10 years. FD interest rates of scheduled banks range from 2.50% p.a. However, Private Sector Banks like Bandhan Bank, DCB Bank, Tamilnad Mercantile Bank, RBL Bank, IDFC First Bank, IndusInd Bank, Yes Bank, SBM Bank, CSB Bank and Federal Bank offer higher FD slab rates than the fixed deposit rates offered by other Private Sector Banks. Following them are PSU Banks and large Private Sector Banks. Small Finance Banks and NBFCs offer the highest FD interest rates. These features also make fixed deposits an ideal instrument for realizing short-term financial goals and for parking emergency and post-retirement corpuses.įD Interest Rates – Check Fixed Deposit Rates in India

It offers income certainty and capital protection, making it a popular investment choice, especially among new and conservative investors. Fresh funds must be deposited into an account with the OCBC Bank and OCBC Al-Amin Bank not more than 7 calendar days from the placement date.Īs an illustration, you place a total of RM100,000, of which RM90,000 is placed in Fixed Deposit/-i and RM10,000 in OCBC 360 Account/-i (90% : 10% ratio) and assuming you fulfil all 3 Bonus Pillars (i.e Deposit, Pay and Spend) in the OCBC 360 Account/-i as provided in Note 2, the 6-month promotional EIR/EPR is up to 4.00% p.a.Fixed deposit (FD), also referred as ‘time deposit’ or ‘term deposit’, is an investment option that allows depositors to park their idle money for a fixed period and earn fixed interest on it at regular intervals during the chosen tenure or at maturity.

Bonus interest(s)/profit(s) of 1.05% p.a per Pillar is applicable on the first average daily balance of RM100,000 for every month the Deposit, Pay and Spend Bonus pillars are fulfilled.ģ'Fresh funds' refers to funds transferred from another licensed bank in Malaysia, other than OCBC Bank and OCBC Al-Amin Bank. ĢA base interest/profit of 0.10% p.a is applicable on the entire account balance. Fixed Deposit-i can only be bundled with OCBC 360 Account-i.ġFor comparison, the board rate for a 6-month Fixed Deposit/-i is 2.65% p.a.

Ocbc fixed deposit rate for corporate