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FD interest rates are subject to change from time to time.Bank fixed deposits (FDs), the fixed income instruments that offer guaranteed returns, allow customers to make a lump sum investment and earn a fixed interest rate.

In a FD account, money is deposited for a specific time, which varies from 7 days to ten years.

Some fixed deposits come with a premature withdrawal facility while some require a compulsory lock-in period.

The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.

FD interest rates, which are subject to change from time to time, vary according to the tenure of the fixed deposit and across banks.State Bank of India (SBI)The following FD interest rates are applicable on deposits below Rs.

2 crore, according to the bank's website - sbi.co.in:TenorsRevised For Public w.e.f.

22.02.2019Revised for Senior Citizens w.e.f.

22.02.20197 days to 45 days5.75%6.25%46 days to 179 days6.25%6.75%180 days to 210 days6.35%6.85%211 days to less than 1 year6.4%6.9%1 year to less than 2 year6.8%7.3%2 years to less than 3 years6.8%7.3%3 years to less than 5 years6.8%7.3%5 years and up to 10 years6.85%7.35%(Source: sbi.co.in)Punjab National Bank (PNB)The following FD interest rates are applicable on deposits below Rs.

2 crore with effect from March 1, 2019, according to the bank's website - pnbindia.in:PeriodGeneral public (% p.a.)Senior citizen (% p.a.)7 to 14 days5.756.2515 to 29 days5.756.2530 to 45 days5.756.2546 to 90 days6.356.8591 to 179 days6.356.85111 days6.57180 days to 270 Days6.356.85222 days6.67.1271 days to less than 1 year6.356.85333 days7.17.61 year6.757.25555 days6.857.35above 1 year up to 3 years6.757.25above 3 year up to 5 years6.256.75above 5 years up to 10 years6.256.75 Bank of BarodaThe following FD interest rates are applicable on deposits below Rs 2 crore with effect from March 13, 2019, according to the bank's website - bankofbaroda.com:TenorsBelow Rs 2 Cr.

(w.e.f.

13.03.19)7 days to 14 days4.515 days to 45 days4.7546 days to 90 days591 days to 180 days5.75181 days to 270 days6.5271 days above and less than 1 year6.51 year6.7Above 1 year to 400 days6.85Above 400 days and upto 2 Years6.8Above 2 Years and upto 3 Years6.7Above 3 Years and upto 5 Years6.7Above 5 Years and upto 10 Years6.7444 days (Only for Baroda Samriddhi Deposit Scheme)7Bank pay an additional interest of 0.50 per cent on fixed deposits of less than Rs 2 crore to senior citizens for all tenors, according to Bank of Baroda's website.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.

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