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HomePersonal FinanceAxis, HDFC, SBI and others: Latest Interest Rates On FDs Compared

Axis, HDFC, SBI and others: Latest Interest Rates On FDs Compared

Fixed Deposits (FDs) are known to be one of the best and most common forms of finance. In the present unpredictable COVID-19 period, bank FDs have emerged a very preferred investing choice for senior citizens who want a tax advantage under Section 80C but do not consider a high-risk instrument such as stocks or ULIPs. Bank fixed deposits, governed by the Reserve Bank of India (RBI), are very secure. That being said, and towards FDs is not a positive idea, and you need to determine your asset allocation and the priorities to determine how much capital you can park in them. The FD interest rates of the various banks vary depending on the amount, maturity and type of account holder. It is therefore often difficult to review the FD rates provided by different banks before participating. Below are the most recent FD interest rates provided by SBI, HDFC Bank, Punjab National Bank, and others.      

SBI FD Rates

TenureROI per annum
General PublicSenior citizen
Seven days to 45 days2.90%3.40%
46 days to 179 days3.90%4.40%
180 days to 210 days4.40%4.90%
211 days to less than one year4.40%4.90%
One year to less than two years5.00%5.60%
Two years to less than three years5.10%5.60%
Three years to less than five years5.30%5.80%
Five years and up to 10 years5.40%6.20%

Punjab National Bank FD Rates

TenureROI per annum
General PublicSenior citizen
Seven days to 14 days3.00%3.75%
15 days to 29 days3.00%3.75%
30 days to 45 days3.00%3.75%
46 days to 90 days3.25%4%
91 days to 179 days4.00%4.75%
180 days to 270 days4.40%5.15%
271 days to less than one year4.50%5.25%
333 days4.50%5.25%
One year5.25%6%
444 days5.25%6%
555 days5.25%6%
Above one year and up to two years5.25%6%
Above two years and up to three years5.25%6%
Above three years and up to five years5.30%6.15%
Above five years and up to 10 years5.30%6.15%

HDFC Bank FD Rates

TenureROI
General Public
Seven days to 14 days2.50%
15 days to 29 days2.50%
30 days to 45 days3.00%
46 days to 60 days3.00%
61 days to 90 days3.00%
91 days to six months3.50%
Six months one day to nine months4.40%
Nine months one day to less than one year4.40%
One year4.90%
One year one day to two years4.90

ICICI Bank

TenureROI
15 days to 29 days2.50%
30 days to 45 days3%
46 days to 60 days3%
61 days to 90 days3%
91 days to 120 days3.50%
185 days to 210 days4.40%
211 days to 270 days4.40%
271 days to 289 days4.40%
290 days to less than 1 year4.40%
1 year to 389 days5%
390 days to < 18 months5%
18 months days to 2 years5.10%
2 years 1 day to 3 years5.15%
3 years 1 day to 5 years5.35%
5 years 1 day to 10 years5.50%

Axis Bank FD Rates

TenureROI per annum
7 days – 29 days2.50%
30 days – 60 days3.00%
61 days – 3 months3.00%
3 months < 4 months3.50%
4 months < 6 months3.75%
6 months < 11 months 25 days4.40%
11 months 25 days – 1 year 5 days5.15%
1 year 5 days – 18 months5.10%
18 months – 2 years5.25%
2 years – 5 years5.40%
5 years – 10 years5.50%
Raman Sonu
Raman Sonu
Raman is an Author, writer and blogger. He has knowledge and understanding of finance, stock, and market research. He has done Bcom in Finance. Please contact me at raman.sonu2020@gmail.com for any feedback or concern.
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