Here’s the comparison of the current fixed deposit (FD) interest rates offered by three large banks HDFC Bank, ICICI Bank, and Axis Bank on deposits below Rs 3 crore.
HDFC Bank Vs ICICI Bank Vs Axis Bank FD Rates: Even as RBI Governor Shaktikanta Das recently told banks that they are free to decide on interest rates, the lenders are soon likely to align rates to attract deposits. Fixed deposits are currently offering as much as 7.9 per cent interest, beating inflation comfortably which currently stands at around 4 per cent.
Currently, HDFC Bank, India’s largest private sector lender, is offering up to 7.9 per cent FD rates on fixed deposits below Rs 3 crore, depending upon the age of the depositor and tenure. ICICI Bank is giving up to 7.8 per cent, while Axis Bank is giving up to 7.75 per cent.
Here’s the comparison of the current fixed deposit (FD) interest rates offered by three large banks HDFC Bank, ICICI Bank, and Axis Bank on deposits below Rs 3 crore:
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 – 7.35 per cent; For Senior Citizens – 7.85 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 – 7.40 per cent; For Senior Citizens – 7.90 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.
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Axis Bank’s FD Interest Rate (On Deposits Below Rs 3 Crore):
- 7 days to 14 days: 3.00 per cent for General Public; 3.50 per cent for Senior Citizens
- 15 days to 29 days: 3.00 per cent for General Public; 3.50 per cent for Senior Citizens
- 30 days to 45 days: 3.50 per cent for General Public; 4.00 per cent for Senior Citizens
- 46 days to 60 days: 4.25 per cent for General Public; 4.75 per cent for Senior Citizens
- 61 days to less than 3 months: 4.50 per cent for General Public; 5.00 per cent for Senior Citizens
- 3 months to 3 months 24 days: 4.75 per cent for General Public; 5.25 per cent for Senior Citizens
- 3 months 25 days less than 4 months: 4.75 per cent for General Public; 5.25 per cent for Senior Citizens
- 4 months to less than 5 months: 4.75 per cent for General Public; 5.25 per cent for Senior Citizens
- 5 months to less than 6 months: 4.75 per cent for General Public; 5.25 per cent for Senior Citizens
- 6 months to less than 7 months: 5.75 per cent for General Public; 6.25 per cent for Senior Citizens
- 7 months to less than 8 months: 5.75 per cent for General Public; 6.25 per cent for Senior Citizens
- 8 months to less than 9 months: 5.75 per cent for General Public; 6.25 per cent for Senior Citizens
- 9 months to less than 10 months: 6.00 per cent for General Public; 6.50 per cent for Senior Citizens
- 10 months to less than 11 months: 6.00 per cent for General Public; 6.50 per cent for Senior Citizens
- 11 months to less than 11 months 25 days: 6.00 per cent for General Public; 6.50 per cent for Senior Citizens
- 11 months 25 days to less than 1 year: 6.00 per cent for General Public; 6.50 per cent for Senior Citizens
- 1 year to less than 13 months: 6.70 per cent for General Public; 7.20 per cent for Senior Citizens
- 13 months to less than 14 months: 6.70 per cent for General Public; 7.20 per cent for Senior Citizens
- 14 months to less than 15 months: 6.70 per cent for General Public; 7.20 per cent for Senior Citizens
- 15 months to less than 16 months: 7.10 per cent for General Public; 7.60 per cent for Senior Citizens
- 16 months to less than 17 months: 7.10 per cent for General Public; 7.60 per cent for Senior Citizens
- 17 months to less than 18 months: 7.20 per cent for General Public; 7.70 per cent for Senior Citizens
- 18 months to less than 2 years: 7.10 per cent for General Public; 7.60 per cent for Senior Citizens
- 2 years to less than 30 months: 7.10 per cent for General Public; 7.60 per cent for Senior Citizens
- 30 months to less than 3 years: 7.10 per cent for General Public; 7.60 per cent for Senior Citizens
- 3 years to less than 5 years: 7.10 per cent for General Public; 7.60 per cent for Senior Citizens
- 5 years to 10 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens.
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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 – 7.25 per cent; For Senior Citizens – 7.80 per cent
- 18 months to 2 years: For General Public – 7.25 per cent; For Senior Citizens – 7.75 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.
The RBI recently raised the bulk deposit definition to Rs 3 crore, from Rs 2 crore earlier.
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