Recently, several lenders, including ICICI Bank, State Bank of India and HDFC Bank, increased their interest rates for both deposits as well as loans
Bank FD Rates: As the central banks across the world, including India, are following a tight monetary policy regime, the interest rates are also rising on loans and bank deposits. Recently, several lenders, including HDFC Bank, PNB, ICICI Bank and SBI, raised their interest rates on loans as well as deposits after the RBI in June hiked the repo rate by 50 basis points, the second hike after a 40-basis point increase in May.
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Here’s the comparison of the current fixed deposit (FD) interest rates offered by three lenders State Bank of India (SBI), ICICI Bank and Punjab National Bank (PNB) on deposits below Rs 2 crore:
State Bank of India’s FD Interest Rate (On Deposits Below Rs 2 Crore):
7 days to 45 days: For General Public – 2.90 per cent; For Senior Citizens – 3.40 per cent
46 days to 179 days: For General Public – 3.90 per cent; For Senior Citizens – 4.40 per cent
180 days to 210 days: For General Public – 4.40 per cent; For Senior Citizens – 4.90 per cent
211 days to less than 1 years: For General Public – 4.60 per cent; For Senior Citizens – 5.10 per cent
1 year to less than 2 years: For General Public – 5.30 per cent; For Senior Citizens – 5.80 per cent
2 years to less than 3 years: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent
3 years to less than 5 year: For General Public – 5.45 per cent; For Senior Citizens – 5.95 per cent
5 years to up to 10 years: For General Public – 5.50 per cent; For Senior Citizens – 6.30 per cent.
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ICICI Bank’s FD Interest Rate (On Deposits Below Rs 2 Crore):
7 days to 14 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent
15 days to 29 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent
30 days to 45 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent
46 days to 60 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent
61 days to 90 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent
91 days to 120 days: For General Public – 3.75 per cent; For Senior Citizens – 4.25 per cent
121 days to 150 days: For General Public – 3.75 per cent; For Senior Citizens – 4.25 per cent
151 days to 184 days: For General Public – 3.75 per cent; For Senior Citizens – 4.25 per cent
185 days to 210 days: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent
211 days to 270 days: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent
271 days to 289 days: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent
289 days to less than 1 year: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent
1 year to 389 days: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent
390 days to less than 15 months: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent
15 months to less than 18 months: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent
18 months to 2 years: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent
2 years 1 day to 3 years: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
3 years 1 day to 5 years: For General Public – 5.70 per cent; For Senior Citizens – 6.20 per cent
5 years 1 day to 10 years: For General Public – 5.75 per cent; For Senior Citizens – 6.50 per cent.
PNB’s FD Interest Rate (On Deposits Below Rs 2 Crore):
7 days to 14 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
15 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
30 days to 45 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
46 days to 90 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent
91 days to 179 days: For General Public – 4.00 per cent; For Senior Citizens – 4.50 per cent
180 days to 270 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
271 days to less than 1 year: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
1 year: For General Public – 5.30 per cent; For Senior Citizens – 5.80 per cent
Above 1 year to 2 years: For General Public – 5.30 per cent; For Senior Citizens – 5.80 per cent
Above 2 Years to 3 Years: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
Above 3 years to 5 years: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
Above 5 years to 10 years: For General Public – 5.60 per cent; For Senior Citizens – 6.10 per cent
1111 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent.
