Banks have been raising interest rates in the country for the past few months amid tight monetary policy
The RBI’s Monetary Policy Committee is scheduled to meet next week to decide on the interest rates in the country. The panel has hiked interest rates thrice in the past three review meetings since May. Following this, banks have also been raising interest rates for the past few months.
Here’s the comparison of the current fixed deposit (FD) interest rates offered by three lenders Axis Bank, Kotak Mahindra Bank and HDFC Bank on deposits below Rs 2 crore:
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Kotak Mahindra Bank’s Latest FD Interest Rates:
7 days to 14 days – For General Public: 2.50 per cent; For Senior Citizens: 3.00 per cent
15 days to 30 days – For General Public: 2.65 per cent; For Senior Citizens: 3.15 per cent
31 days to 45 days – For General Public: 3.25 per cent; For Senior Citizens: 3.75 per cent
46 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 179 days – For General Public: 3.75 per cent; For Senior Citizens: 4.25 per cent
180 days – For General Public: 5.00 per cent; For Senior Citizens: 5.50 per cent
181 days to 269 days – For General Public: 5.00 per cent; For Senior Citizens: 5.50 per cent
270 days – For General Public: 5.00 per cent; For Senior Citizens: 5.50 per cent
271 days to 363 days – For General Public: 5.00 per cent; For Senior Citizens: 5.50 per cent
364 days – For General Public: 5.25 per cent; For Senior Citizens: 5.75 per cent
365 days to 389 days – For General Public: 5.75 per cent; For Senior Citizens: 6.25 per cent
390 days (12 months 25 days)- For General Public: 6.00 per cent; For Senior Citizens: 6.50 per cent
391 days to less than 23 months – For General Public: 6.00 per cent; For Senior Citizens: 6.50 per cent
23 months – For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent
23 months 1 days to less than 2 years – For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent
2 years to less than 3 years – For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent
3 years and above but less than 4 years – For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent
4 years and above but less than 5 years – For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent
5 years and above up to and inclusive of 10 years – For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent.
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Axis Bank’s Latest FD Interest Rates:
7 days to 14 days: 2.75 per cent for General Public; 2.75 per cent for Senior Citizens
15 days to 29 days: 2.75 per cent for General Public; 2.75 per cent for Senior Citizens
30 days to 45 days: 3.25 per cent for General Public; 3.25 per cent for Senior Citizens
46 days to 60 days: 3.25 per cent for General Public; 3.25 per cent for Senior Citizens
61 days to less than 3 months: 3.25 per cent for General Public; 3.25 per cent for Senior Citizens
3 months to less than 4 months: 3.75 per cent for General Public; 3.75 per cent for Senior Citizens
4 months to less than 5 months: 3.75 per cent for General Public; 3.75 per cent for Senior Citizens
5 months to less than 6 months: 3.75 per cent for General Public; 3.75 per cent for Senior Citizens
6 months to less than 7 months: 4.65 per cent for General Public; 4.90 per cent for Senior Citizens
7 months to less than 8 months: 4.65 per cent for General Public; 4.90 per cent for Senior Citizens
8 months to less than 9 months: 4.65 per cent for General Public; 4.90 per cent for Senior Citizens
9 months to less than 10 months: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
10 months to less than 11 months: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
11 months to less than 11 months 25 days: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
11 months 25 days to less than 1 year: 4.75 per cent for General Public; 5.00 per cent for Senior Citizens
1 year to less than 1 year 5 days: 5.45 per cent for General Public; 6.20 per cent for Senior Citizens
1 year 5 days to less than 1 year 11 days: 5.45 per cent for General Public; 6.20 per cent for Senior Citizens
1 year 11 days to less than 1 year 25 days: 5.75 per cent for General Public; 6.50 per cent for Senior Citizens
1 year 25 days to less than 13 months: 5.60 per cent for General Public; 6.35 per cent for Senior Citizens
13 months to less than 14 months: 5.60 per cent for General Public; 6.35 per cent for Senior Citizens
14 months to less than 15 months: 5.60 per cent for General Public; 6.35 per cent for Senior Citizens
15 months to less than 16 months: 5.60 per cent for General Public; 6.35 per cent for Senior Citizens
16 months to less than 17 months: 5.60 per cent for General Public; 6.35 per cent for Senior Citizens
17 months to less than 18 months: 5.60 per cent for General Public; 6.35 per cent for Senior Citizens
18 months to less than 2 years: 5.60 per cent for General Public; 6.35 per cent for Senior Citizens
2 years to less than 30 months: 5.70 per cent for General Public; 6.45 per cent for Senior Citizens
30 months to less than 3 years: 5.70 per cent for General Public; 6.45 per cent for Senior Citizens
3 years to less than 5 years: 5.70 per cent for General Public; 6.45 per cent for Senior Citizens
5 years to 10 years: 5.75 per cent for General Public; 6.50 per cent for Senior Citizens.
HDFC Bank’s Latest FD Interest Rates:
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 90 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent
91 days to 179 days: For General Public – 3.75 per cent; For Senior Citizens – 4.25 per cent
180 days to 270 days: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent
271 days to less than 1 year: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent
1 year: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
Above 1 year to 2 years: For General Public – 5.50 per cent; For Senior Citizens – 6.00 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 – 6.10 per cent; For Senior Citizens – 6.60 per cent
Above 5 years to 10 years: For General Public – 5.75 per cent; For Senior Citizens – 6.50 per cent.
