State Bank of Travancore Fixed Deposit

State Bank of Travancore FD Interest Rates

When your funds are deposited in a savings account that can fetch you a fixed income, it is called a fixed deposit.The time frame for which the money is deposited or the tenure cannot be altered, and so it is with the interest rate. For those who are afraid of risks, opening a fixed deposit account is the safest way to secure your investments.

About State Bank of Travancore Fixed Deposit Interest Rate Calculator

State Bank of Travancore Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. Here are the steps that an investor needs to follow to calculate Fixed Deposit rates on the FD Calculator:

The amount that is invested

The Rate of Interest offered

The tenure of the Fixed Deposit Account

The compounding period, that is, yearly, half-yearly, quarterly, or monthly

The FD Amount

Once entered the following details, an investor will come to know:

The maturity value of the FD

The total interest earned during the complete tenure

Types of Interest

When interest is calculated on a fixed deposit in SBT or any other bank, it can be done by two methods:

(i) Simple Interest Procedure: If the SBT FD rates or the interest rates of any other bank are calculated in this approach, the interest is calculated on the principal amount that is deposited initially. Even if the SBT FD interest rates are frequently calculated, they will always be based on the principal.

(ii) Compound Interest Procedure: If the FD interest rates in SBT or any other bank are calculated using this method, the interest is calculated on the initial deposit (principal) and the interest received thereon. In this approach, the interest rate on FD in SBT is not just calculated every year but is also compounded every year. The benefit amount that a depositor receives will be added to the principal amount and will be used for the consequent interest calculations.

Thus the rate of interest on FD in State Bank of Travancore or any other bank can be calculated by either of the methods.

Tenure	General Public FD Rates	Senior Citizen FD Rates
7 days to 45 days	2.90%	3.40%
46 days to 179 days	3.90%	4.40%
180 days to 210 days	4.40%	4.90%
211 days to less than 1 year	4.40%	4.90%
1 year to less than 2 years	5.00%	5.50%
2 years to less than 3 years	5.10%	5.60%
3 years to less than 5 years	5.30%	5.80%
5 years and up to 10 years	5.40%	6.20%

BANKS	GENERAL CITIZENS	SENIOR CITIZEN
Axis Bank FD Rates	2.50% - 5.75%	2.50% - 6.50%
Bandhan Bank FD Rates	3.00% - 5.00%	3.75% - 5.75%
Bank of Baroda FD Rates	2.80% - 5.25%	3.30% - 6.25%
Bank of India FD Rates	2.85% - 5.05%	3.35% - 5.55%
Canara Bank FD Rates	2.90% - 5.40%	2.90% - 5.90%
Central Bank of India FD Rates	2.75% - 5.00%	2.90% - 3.25%
DBS Bank FD Rates	2.50% - 5.50%	3.50% - 6.00%
HDFC Bank FD Rates	2.50% - 5.60%	3.00% - 6.35%
IDFC Bank FD Rates	2.50% - 6.00%	3.00% - 6.50%
Indian Bank FD Rates	2.90% - 5.15%	3.40% - 5.65%
Indian Overseas Bank FD Rates	3.40% - 5.20%	3.90% - 5.70%
IndusInd Bank FD Rates	2.50% - 6.00%	3.00% - 6.50%
Punjab National Bank FD Rates	2.90% - 5.25%	3.50% - 5.75%
SBI FD Rates	5.30% - 5.40%	5.80% - 6.20%
UCO Bank FD Rates	2.55% - 5.05%	3.80% - 6.30%
Yes Bank FD Rates	3.25% - 6.25%	3.75% - 7.25%

State Bank of Travancore FD Interest Rates

About State Bank of Travancore Fixed Deposit Interest Rate Calculator

Types of Interest

FD Rates Articles

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