SDB bank fixed deposits offer you attractive interest rates in the market. A minimum deposit of Rs 10,000 is all you need to open the FD account. 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. Details: Minimum Deposit: Annual Interest Rate(%) Method of Interest Calculation: Payment of Interest: Effective Interest Rate(%) Gift Token: 100/- to 2500/.

The returns on fixed deposits are calculated on a certain rate. This rate of return is known as the fixed deposits interest rate. The rate is determined by the bank at the time of booking the deposit and remain same throughout the term of deposit. Thus, the depositor receives the hike on the invested amount at the regular and fixed rates.

Table of Contents

Sampath Bank Fixed Deposit Rates 2020 Calculator

2 What is the process of Interest Calculation on the Fixed Deposit of Different Banks?
- 2.2 Non-Cumulative Interest Calculation:

All Banks Fixed Deposit Interest Rates March 2021

Want to take your fixed deposit corpus to a high? Then, compare the fixed deposit interest rates offered by banks in India.

Banks	FD Interest Rates
Allahabad Bank	2.90% - 5.90%
Andhra Bank	3.00% - 5.40%
Axis Bank	2.50% - 6.05%
Bajaj Finance/Finserv	7.40% - 7.85%
Bandhan Bank	3.00% - 6.75%
Bank of Baroda	2.90% - 6.30%
Bank of India	3.00% - 6.25%
Bank of Maharashtra	2.75% - 6.40%
Canara Bank	3.00% - 5.85%
Central Bank of India	2.75% - 5.00%
Citibank	2.00% - 4.25%
Corporation Bank	3.00% - 5.40%
Dena bank	2.90% - 6.30%
Federal Bank	2.50% - 6.00%
HDFC Bank	2.50% - 6.25%
HSBC Bank	2.25% - 4.50%
ICICI Bank	2.50% - 6.30%
IDBI Bank	2.90% - 5.90%
IDFC Bank	2.75% - 6.50%
IndusInd Bank	3.25% - 7.50%
Jammu & Kashmir Bank	3.00% - 5.80%
Karnataka Bank	3.50% - 6.20%
Karur Vysya Bank	3.50% - 6.15%
kotak Mahindra Bank	2.50% - 4.90%
Lakshmi Vilas Bank	3.60% - 7.50%
Nainital Bank	3.35% - 6.85%
Oriental Bank of Commerce	3.00% - 6.00%
Punjab & Sind Bank	3.50% - 6.55%
Punjab National Bank	3.00% - 6.00%
RBL Bank	3.25% - 7.45%
SBI	2.90% - 6.20%
Standard Chartered Bank	1.50% - 6.10%
Syndicate Bank	3.00% - 5.85%
UCO Bank	2.75% - 5.40%
United Bank Of India	3.00% - 6.00%
Vijaya Bank	2.90% - 6.30%
YES BANK	3.50% - 7.75%

What is the process of Interest Calculation on the Fixed Deposit of Different Banks?

Now you know the all banks fixed deposit interest rates, you must want to know about the process that banks use to calculate interest on the said product. There are two processes through which banks offer interest on fixed deposit schemes. These are Cumulative and Non-cumulative. The option to choose between these two depends solely on you. Don’t worry, as we will be telling you about both these processes in detail so that you can make a better decision.

Cumulative Interest Calculation:

In this process of interest calculation, you deposit a fixed amount of money for a definite period. The interest will be calculated on a quarterly basis by default. And at the end of every quarter, your interest amount will be reinvested with the principal amount. The whole accumulated amount will be paid to you at the time of maturity which can be as short as 7 days to as long as 10 years.

This process is generally opted by those who want to save and earn a large amount at the end of the long investment period as you can only get principal and accumulated interest at the end of the maturity period.

For example, if you invest an amount of INR 4,00,000 for a period of 4 years at an interest rate of 8.1% per annum, then at the end of your maturity period you will get a total amount of INR 5,90,457 including interest of INR 1,90,457.

Non-Cumulative Interest Calculation:

In this process, the interest rate on your deposited amount is calculated on a monthly, quarterly, half-yearly, and yearly basis. The calculation process depends on your choice. The interest will be paid to you at the frequency of interest chosen by you and it will not be reinvested in the principal amount again. So, you need to remember this thing while choosing any of the non-cumulative interest calculation options.

Individuals who are looking for a fixed amount as a stable income at the end of a definite interval find this process beneficial for them. One of the examples is Senior Citizens who also enjoy higher interest rates as compared to the standard rate of interest and want a fixed source of income during their retirement years.

For Example, if you invest an amount of INR 10,000 for a period of 1 year at an interest rate of 7.6% per annum, the amount you get at different frequencies can be seen in the table given below.

Frequency	Interest Rate	Interest Payout (In ₹)
Monthly	7.35%	612
Quarterly	7.39%	1848
Half-yearly	7.46%	3730
Yearly	7.60%	7600

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Sampath Bank Fixed Deposit Rates 2020

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Fixed Deposit is a secure investment that offers a higher return to you. In a Fixed Deposit, the return is guaranteed regardless of interest rate fluctuations unlike in most of the other form of investments. Hence it is an easy to understand, tried and tested secure investment method which will give you peace of mind.

Benefits

Apart from offering higher interest rates for Fixed Deposits, a Fixed Deposit at Pan Asia Bank is a highly secure investment since Pan Asia Bank is a licensed commercial bank which is regulated by the Central bank of Sri Lanka.
Ability to select a tenor from 1 month to 5 years
Ability to renew the deposit automatically
Ability to obtain cash back loans up to 90% of your Fixed Deposit to meet your emergency cash requirements.

Interest Payment

Interest will be paid both at maturity or monthly. If you select monthly interest payment option, you are required to provide an account operating under your name.

For deposits less than 1 year, interest could only be earned at maturity.

Placing a Fixed Deposit

Visit any of our Pan Asia Bank branches during its operating hours and produce your identification documents along with a proof of your billing address if it differs from your identification documentation.

Sampath Fixed Deposit Rates 2020

Click here to view the current fixed deposit rates

Withdrawals

Withdrawals will be allowed only at maturity upon producing the Fixed Deposit certificate at your account opening b