HDFC Bank Vs ICICI Bank Vs Axis Bank: Check Detailed Comparison of FD Interest Rates

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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 3 crore.

HDFC Bank Vs ICICI Bank Vs Axis Bank FD Rates: Even as talks are going on regarding rate cuts this year, fixed deposit (FD) investments have again come into focus. The rate cut cycle is adverse to FD investments, as banks tend to cut FD rates during this period. 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 3 crore, as of July 16, 2024.

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 7.75 per cent annually and Axis Bank is giving up to 7.85 per cent a year.

Read More: SBI launches 444-day deposit scheme with 7.25% interest

HDFC Bank’s latest interest rates on fixed deposits less than Rs 3 crore (per annum):

• 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 to less than 21 months: For General Public – 7.25 per cent; For Senior Citizens – 7.75 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 less than or equal to 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 – 7.50 per cent.

Read More: SBI Amrit Kalash FD: SBI FD that offers highest interest rate; know return values of Rs 5 lakh, Rs 10 lakh and Rs 15 lakh in this scheme

ICICI Bank’s latest interest rates on fixed deposits below Rs 3 crore:

• 7 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 184 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
• 185 days to 270 days: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
• 271 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 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 – 7.20 per cent; For Senior Citizens – 7.75 per cent
• 18 months to 2 years: For General Public – 7.20 per cent; For Senior Citizens – 7.70 per cent
• 2 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 – 7.40 per cent
• 5 years (tax saver FD): For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent.

Read More: Post Office FD: What are returns and tax benefits on Rs 5 lakh, Rs 10 lakh, and Rs 15 lakh investments in this guaranteed return scheme

Axis Bank’s FD Interest Rate (On Deposits Below Rs 3 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 less than 3 months: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
• 3 months to 3 months 24 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
• 3 months 25 days to less than 4 months: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
• 4 months to less than 5 months: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
• 5 months to less than 6 months: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
• 6 months to less than 7 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
• 7 months to less than 8 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
• 8 months to less than 9 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
• 9 months to 10 months: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
• 10 months to less than 11 months: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
• 11 months to 11 months 24 days: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
• 11 months 25 days to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
• 1 year to 1 year 4 days: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
• 1 year 5 days to 1 year 10 days: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
• 1 years 11 day to 1 year 24 days: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
• 1 years 25 days to less than 13 months: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
• 13 months to less than 14 months: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
• 14 months to less than 15 months: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
• 15 months to less than 16 months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
• 16 months to less than 17 months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
• 17 months to less than 18 months: For General Public – 7.20 per cent; For Senior Citizens – 7.85 per cent
• 18 months to less than 2 years: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
• 2 years to 30 months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
• 30 months to less than 3 years: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
• 3 years to less than 5 years: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
• 5 years to less than 10 years: For General Public – 7.00 per cent; For Senior Citizens – 7.75 per cent.

The Reserve Bank of India recently raised the bulk deposit definition to Rs 3 crore, instead of Rs 2 crore earlier.