HDFC Bank is offering up to 7.75 per cent interest rates on FD, depending upon deposit tenure and depositor’s age; ICICI Bank is offering FD rates up to 7.60 per cent, while SBI is giving up to 7.50 per cent
SBI Vs HDFC Bank Vs ICICI Bank: Even as SBI hiked its interest rates on fixed deposits below Rs 2 crore, the FD savings have become a lucrative fixed-income instrument beating inflation by a comfortable margin. This comes after HDFC Bank also recently raised FD rates. Here are the current interest rates on fixed deposits (FDs) of SBI, ICICI Bank and HDFC Bank.
HDFC Bank is offering up to 7.75 per cent interest rates on FD, depending upon deposit tenure and depositor’s age. ICICI Bank is offering FD rates up to 7.60 per cent annually and SBI is giving up to 7.50 per cent a year.
Read More: SBI FD vs Mutual Fund: Which investment option may give you better returns in 3, 5, 7 and 10 years
HDFC Bank’s Revised 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 – 3.50 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 – 7.10 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 less than 2 years 11 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
2 years 11 months to 35 months: For General Public – 7.15 per cent; For Senior Citizens – 7.65 per cent
2 years 11 months 1 day to equal to or less than 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
3 years 1 day to less than 4 years 7 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
4 years 7 months to 55 months: For General Public – 7.20 per cent; For Senior Citizens – 7.70 per cent
4 years 7 months 1 day to less than or equal 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 – 7.75 per cent.
Read More: SBI, Axis Bank hike deposit rates
State Bank of India’s Revised FD Interest Rate (On Deposits Below Rs 2 Crore):
7 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 179 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
180 days to 210 days: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
211 days to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
1 year to less than 2 years: For General Public – 6.80 per cent; For Senior Citizens – 7.30 per cent
2 years to less than 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
3 years to less than 5 years: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent
5 years to up to 10 years: For General Public – 6.50 per cent; For Senior Citizens – 7.50 per cent.
ICICI Bank’s latest interest rates on fixed 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 – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 60 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 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 – 5.75 per cent; For Senior Citizens – 6.25 per cent
211 days to 270 days: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
271 days to 289 days: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
290 days to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
1 year to 389 days: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
390 days to less than 15 months: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
15 months to less than 18 months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
18 months to 2 years: For General Public – 7.10 per cent; For Senior Citizens – 7.60 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.