Hnb Fixed Deposit Rates

10-04-2021 admin

As you know that a Fixed Deposit (FD) is an investment option offered by banks that gives you higher rate of interest than a regular savings account. By investing in an FD, you can achieve your financial goals comfortably due to higher returns offered by it.

Bank Of Ceylon FD provides an option to deposit lump sum amount for a specific period, ranging from 7 days to 10 years. You can choose any of the tenures offered by Bank Of Ceylon FD according to your convenience and financial objective. As soon as you select the tenure and deposit the amount in Bank Of Ceylon_ FD, it will start earning an interest based on the tenure of the deposit. Customer is allowed to deposit lump sum money into a fixed deposit only once into his FD account at the time of opening the account with the bank and afterwards he cannot deposit additional money in the same FD account.

You can also get tax benefits under section 80C of the Income Tax Act on an amount between Rs. 100 to 1.5 lakh by investing in Bank Of Ceylon FD for a tenure of 5 years or more.

Enjoy a fixed rate of return HNB offers a multitude of fixed deposit schemes for varying tenures to suit your convenience. We offer simple reinvestment fixed deposits at very competitive interest rates which can be opened with a minimum investment of Rs. 25,000/- Start your savings journey today. All Rates are per annum. Please contact HNB Treasury Department on (+850, (+853, (+843 for further information. Last rate change effected on 2021-02-25. Fixed Deposits Invest Short term or long terms with NDB Fixed Deposits at very competitive interest rates. Convenient Automatic renewal of your deposit, according to. Get the best fixed deposit rates with Hatton National Bank will fetch you one of the most attractive rates-of-interest in the market. In HNB fixed deposits, our customers have the flexibility of choosing the period of deposit depending on their specific requirements. The level of interest rate depends on the type of loan or deposit, loan/deposit maturity, competition, inflation rate, the country's credit rating, etc. Interest rates may be fixed or variable. When considering a loan agreement, attention should also be paid to the difference between the nominal and effective interest rates as well as interim.

Hnb Sri Lanka Fixed Deposit Rates

Following table provides you Bank Of Ceylon FD Rates of various tenors. Also, given below is the facility/ option, through which you can calculate the interest rate and the maturity value of your Bank Of Ceylon FD for different tenures by clicking on the 'calculate' button provided in the table.

Bank Of Ceylon Fixed Deposit Interest Rates (as on 06 Mar 2021)

Maturity Period	Interest Rate (p.a.)	Calculate Interest Rate

Features & Benefits: Bank Of Ceylon Fixed Deposit

Competitive interest rates are offered with flexible FD tenures to suit your investment plan.
FD account can be opened online or by visiting your nearest Bank Of Ceylon branch.
No cap on the Maximum Amount of FD
FD Tenures: 7 days to 10 years
Different interest payout options such as monthly, quarterly, etc.
Loan/ Overdraft against FD facility is available upto 85% of the FD amount.
Easy and fast liquidity options are available.
Nomination facility is available.
Tax benefit of amount up to Rs 1,50,000, through tax saving term deposit scheme
Part withdrawal facility and auto-renewal facilities are also available
Senior citizens can enjoy higher interest rate as compared to regular citizens
NRE, NRO and FCNR deposit facility is offered by the bank

Who is Eligible for Bank Of Ceylon Fixed Deposit

Any of the following persons is eligible to invest in fixed deposits (FD):

Individual
Minor
HUF
Proprietary Firm
Partnership Firm
Limited Liability Partnership (LLP)
Company
Association of Persons (AOP)
Body of Individuals (BOI)
Local Authority
Trust
Non-Resident Indian (NRI)
Registered Society

Important Things to Know Before Investing in Fixed Deposits

Always compare tenure-wise FD interest rates of different banks before finalizing the bank for opening an FD account, in order to get maximum interest rate on selected tenure.
The tenure for most bank fixed deposits varies from 7 days to 10 years. You should choose the FD Tenure according to your convenience and objective behind investment.
Opt for interest payout options such as monthly or quarterly, if required. Otherwise, choose cumulative option so that you can receive lump sum amount when FD gets matured.
You can also avail loan or overdraft against FD, if you have immediate requirement of funds.
If your annual income is non-taxable, you can submit Form 15G or Form 15H in order to avoid TDS.
Don't forget to make nomination in your FD account.
If you are a senior citizen then open your FD in a bank which offers extra interest of 0.25% to 0.75% to senior citizens.
When you open fixed deposit online or offline, do not forget to give instructions on what to do on maturity of your FD. If you do not give any instruction, your fixed deposit will be renewed automatically on maturity.

Calculation of Interest on FD of Bank Of Ceylon

Interest on FD for different tenures is calculated in following manner:

Simple interest is paid at maturity for fixed deposit tenure of less than 6 months.
Interest is calculated on a quarterly basis for fixed deposit tenure of 6 months & above.
Cumulative Interest/ re-investment interest is calculated every quarter, and is added to the Principal such that Interest is paid on the Interest earned in the previous quarter as well.
In case of monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at discounted rate over the Standard FD Rate

Bank Of Ceylon FD Interest Calculator

Bank Of Ceylon FD Interest Calculator is an online financial tool that allows you to calculate the maturity value of your fixed deposit at the interest rate offered by bank. The amount of FD, interest rate, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

Automatic Renewal of Bank FD

Bank FD matures on specific date. On maturity, if you have not given any specific instructions such as payout or renewal of FD, most of the banks automatically renew the FD for the same period for which it was initially made at the interest rate prevailing on the date of maturity of FD. This is called Automatic Renewal of Bank FD.

You should choose the option on the account opening form, if you do not want the bank to auto renew your FD. You have 2 options on the account opening form while depositing money in FD, first one is auto renew and second one is deposit of amount to your account after maturity. In case you have not mentioned any option on the account opening form then you will need to visit the bank branch on maturity day of your bank FD and opt for credit of the final proceeds of your bank FD into your savings account if you do not want an auto renewal of your FD.

Bank FD News Mar 2021

13-01-2020: SBI revised FD interest rate

SBI has announced a cut in retail fixed deposits of FD rates. The latest FD rates on SBI deposits is effective from 10th January 2020. The bank has cut the FD rates by 15 bps on long-term deposits maturing in 1 year to 10 years. Now FD interest rate for 7 to 45 days is 4.50%, for 46 to 179 days is 5.50%, for 180 days to 1 year is 5.80% and for 1 year to 10 years is 6.10%.

09-01-2020: Axis Bank reduced FD interest rate

Axis Bank reduced interest rates by up to 20 bps from January 9. FDs for less than Rs 2 crore and with the tenor of less than 1 year will earn 6.40%, for the tenor of 5 years to up to 10 years, FD rates is 6.50%.

07-01-2020: HDFC Bank deposits up by 25% (YoY) in 2019

The largest private sector lender HDFC Bank's deposits up by 25% (YoY) in 2019. Its deposits are at Rs 10.67 trillion as of December 31, 2019 growing by 25% as compared to Rs 8.52 trillion as of December 31, 2018..

Hnb Bank Sri Lanka Fixed Deposit Rates

24-12-2019: HDFC Bank revised FD interest rate

The revised rate for FDs maturing in 9 months 1 day to less than 1 year will be 6.05%. Term deposits maturing in 1 year to 2 years will fetch an interest rate of 6.3%, 2-3 years 6.40%, and 3 years to 10 years 6.3%.

01-12-2019: PNB cuts off FD rates

With effect from December 1, 2019, FDs for less than Rs 2 crore and the tenor of 271 days to below 1 year will be 6% for general customers and 6.5% for senior citizens. For the tenor of 5 years to up to 10 years, PNB has FD rates of 6.3% for general customers and 6.8% for senior citizens.

12-11-2019: ICICI Bank reduces FD interest rate

The interest rates on ICICI Bank FD for less than Rs 2 crore and the tenor of 185 days to 289 days will be 5.75%, for 5 years to up to 10 years will be 6.40% and 6.9% for senior citizens. Its interest rates will be effective from December 7, 2019.

Hnb Interest Rate

Public Sector Banks FD Interest Rates

Allahabad Bank	Andhra Bank	Bank Of Baroda
Bank Of India	Bank Of Maharashtra	Canara Bank
Central Bank Of India	Corporation Bank	Idbi Bank
Indian Bank	Indian Overseas Bank	Oriental Bank Of Commerce
Punjab National Bank	Syndicate Bank	Uco Bank
Union Bank Of India	United Bank Of India	Vijaya Bank
State Bank Of India	State Bank Of Mysore	State Bank Of Patiala
State Bank Of Travancore	State Bank Of Bikaner And Jaipur	Punjab And Sind Bank