SBI vs HDFC Bank vs Axis Bank vs ICICI Bank: Check latest FD rates 

Despite crashing rates, fixed deposits still hold out a lot of attraction one of the most popular debt instrument options in the country. Interest rates of different banks vary by deposit amount, deposit tenure and type of depositor.  All major lenders such as SBI, HDFC Bank, Axis Bank and ICICI Bank offer fixed deposits for tenures ranging from seven days to 10 years. Take a look.

SBI latest FD rates

State Bank of India (SBI), the country’s largest commercial bank, offers interest rates ranging from 2.90% to 5.55% maturing between seven days and 10 years to general customers. These rates are effective from January 8, 2021. Take a look at tenure-wise interest rates for general public:

7 days to 45 days: 2.90%

46 days to 179 days: 3.90 %

180 days to 210 days; 211 days to less than 1 year: 4.40%

1 year to less than 2 years: 5.00%

2 years to less than 3 years: 5.10%

3 years to less than 5 years: 5.30%

5 years and up to 10 years: 5.40%

HDFC Bank latest FD rates

HDFC Bank, the largest private bank of the country, offers interest ranging from 2.50% to 5.50% maturing between seven days and 10 years to general customers. These rates are effective from May 21, 2021. Take a look at tenure-wise interest rates for general public:

7 to 14 days; 15 to 29 days: 2.50%

30 to 45 days; 46 to 60 days; 61 to 90 days: 3.00%

91 days to 6 months: 3.50%

6 months 1 days to 9 months; 9 months 1 day to less than 1 Year: 4.40%

1 Year: 4.90%

1 year 1 day to 2 years: 4.90%

2 years 1 day to 3 years 5.15%

3 years 1 day to 5 years: 5.30%

5 years 1 day to 10 years: 5.50%

Axis Bank FD rates

Recently Axis Bank revised interest rates on fixed deposits (FDs) across different tenures, ranging from seven days to 10 years. After the latest revision on deposits of less than Rs 2 crores, this private sector lender is offering minimum 2.50% to maximum 5.75% interest rate to the general public.

This private sector bank has as many as 29 tenure slabs. Take a look at tenure-wise rates:

–  seven days to 14 days, 15 days to 29 days: 2.5%

–  30 days to 45 days, 46 days to 60 days, 61 days to less than 3 months: 3%

–  three months to less than four months, four months to less than five months, five months to less than six months: 3.5%

–  6 months to less than 7 months, 7 months to less than 8 months, 8 months to less than 9 months, 9 months to less than 10 months, 10 months to less than 11 months, 11 months to less than 11 months 25 days, 11 months 25 days to less than 1 year: 4.4%

–  1 year to less than 1 year 5 days: 5.1%

–  1 year 5 days to less than 1 year 11 days: 5.15%

–  1 year 11 days to less than 1 year 25 days, 1 year 25 days to less than 13 months: 5.2%

–  13 months to less than 14 months, 14 months to less than 15 months, 15 months to less than 16 months, 16 months to less than 17 months, 17 months to less than 18 months: 5.1%

–  18 months to less than 2 years: 5.25%

– 2 years to less than 30 months, 30 months to less than 3 years, 3 years to less than 5 years: 5.4%

–  5 years to 10 years: 5.75%

ICICI Bank FD rates

ICICI Bank gives interest rates ranging from 2.5% to 5.50% on deposits maturing in 7 days to 10 years. These rates are applicable from  October 21, 2020.

Tenure-wise rates are the following:

7 days to 14 days; 15 days to 29 days: 2.50%

30 days to 45 days; 46 days to 60 days; 61 days to 90 days: 3%

91 days to 120 days; 121 days to 184 days: 3.5%

185 days to 210 days; 211 days to 270 days; 271 days to 289 days; 290 days to less than 1 year: 4.40%

1 year to 389 days; 390 days to < 18 months: 4.9%

18 months days to 2 years: 5%

2 years 1 day to 3 years: 5.15%

3 years 1 day to 5 years: 5.35%

5 years 1 day to 10 years: 5.50%