Here’s the comparison of the current fixed deposit (FD) interest rates offered by three lenders Axis Bank, HDFC Bank and ICICI Bank on deposits below Rs 2 crore
Banks have been raising their interest rates since early 2022 as the RBI is continuously increasing the key repo rate in order to control inflation in the country. Several banks, including SBI, ICICI Bank, HDFC Bank and SBI, have raised their interest rates on both deposits and loans multiple times in the recent past. The RBI MPC recently raised the key repo rate by 25 basis points to 6.50 per cent. With this, it has raised the repo rate six times by 250 basis points in total since May 2022.
Here’s the comparison of the current fixed deposit (FD) interest rates offered by three lenders Axis Bank, HDFC Bank and ICICI Bank on deposits below Rs 2 crore:
Read More: PNB hikes fixed deposit rates by up to 30 bps. Latest FD interest rates here
Latest interest rates on fixed deposits less than Rs 2 crore at HDFC Bank (per annum), effective from January 24, 2023:
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 – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 60 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
61 days to 89 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
90 days to less than equal to 6 months: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
6 months 1 day to less than 9 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
9 months 1 day to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
1 Year to less than 15 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
15 months to less than 18 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
18 months 1 day to less than 21 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
21 months to 2 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
2 years 1 day to 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
3 years 1 day to 5 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
5 years 1 day to 10 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent.
Read More: SBI fixed deposit vs Post Office term deposit: Latest interest rates. Where to invest?
Here are the latest interest rates on fixed deposits below Rs 2 crore at ICICI Bank (effective December 16, 2022):
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 – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 60 days: For General Public – 4.00 per cent; For Senior Citizens – 4.50 per cent
61 days to 90 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
91 days to 120 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
121 days to 150 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
151 days to 184 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
185 days to 210 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
211 days to 270 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
271 days to 289 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
290 days to less than 1 year: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
1 year to 389 days: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
390 days to less than 15 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
15 months to less than 18 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
18 months to 2 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
2 years 1 day to 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
3 years 1 day to 5 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
5 years 1 day to 10 years: For General Public – 6.90 per cent; For Senior Citizens – 7.50 per cent.
Here are the revised interest rates on fixed deposits below Rs 2 crore at the Axis Bank from February 11, 2023:
7 days to 14 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
15 days to 29 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
Here are the revised interest rates on fixed deposits below Rs 2 crore at the Axis Bank from February 11, 2023:
7 days to 14 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
15 days to 29 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens
8 months to less than 9 months: 5.75 per cent for General Public; 6.00 per cent for Senior Citizens
9 months to less than 10 months: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens
10 months to less than 11 months: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens
11 months to less than 11 months 25 days: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens
11 months 25 days to less than 1 year: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens
1 year to less than 1 year 4 days: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
1 year 5 days to less than 1 year 11 days: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
1 year 11 days to less than 1 year 24 days: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
1 year 25 days to less than 13 months: 7.10 per cent for General Public; 7.85 per cent for Senior Citizens
13 months to less than 14 months: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
14 months to less than 15 months: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
15 months to less than 16 months: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
16 months to less than 17 months: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
17 months to less than 18 months: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
18 months to less than 2 years: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens
2 years to less than 30 months: 7.26 per cent for General Public; 8.01 per cent for Senior Citizens
30 months to less than 3 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens
3 years to less than 5 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens
5 years to 10 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens.
