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Bank FD Rates: 3 banks are offering 7.85% interest on FD, check the rates

HDFC Bank Vs ICICI Bank Vs Axis Bank FD Rates: Even though there are talks of rate cuts this year, FD investments have come back into focus. Here is a comparison of interest rates on FDs of less than Rs 3 crore from three large private sector banks Axis Bank, HDFC Bank and ICICI Bank as on July 16, 2024

HDFC Bank Vs ICICI Bank Vs Axis Bank FD Rates: Even though there are talks of rate cuts this year, FD investments have come back into focus. Here is a comparison of interest rates on FDs of less than Rs 3 crore of three big private sector banks Axis Bank, HDFC Bank and ICICI Bank till July 16, 2024. HDFC Bank is offering interest up to 7.75 per cent, ICICI Bank 7.75 per cent per annum and Axis Bank 7.85 per cent per annum.

HDFC Bank interest rates on FD of 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: General public – 3.50 per cent; Senior citizens – 4.00 per cent

46 days to 60 days: General public – 4.50 per cent; Senior citizens – 5.00 per cent

61 days to 89 days: General public – 4.50 per cent; Senior citizens – 5.00 per cent

90 days to 6 months: General public – 4.50 per cent; Senior citizens – 5.00 per cent

6 months 1 day to less than 9 months: General public – 5.75 per cent; Senior citizens – 6.25 per cent

9 months 1 day to less than 1 year: General public – 6.00 per cent; Senior citizens – 6.50 per cent

1 year to less than 15 months: General public – 6.60 per cent; For Senior Citizens – 7.10 percent

15 months to less than 18 months: For General Public – 7.10 percent; For Senior Citizens – 7.50 percent

18 months to less than 21 months: For General Public – 7.25 percent; For Senior Citizens – 7.75 percent

21 months to 2 years: For General Public – 7.00 percent; For Senior Citizens – 7.50 percent

2 years 1 day to less than 2 years 11 months: For General Public – 7.00 percent; For Senior Citizens – 7.50 percent

2 years 11 months to 35 months: For General Public – 7.15 percent; For Senior Citizens – 7.65 percent

2 years 11 months 1 day to less than or equal to 3 years: For General Public – 7.00 percent; For Senior Citizens – 7.50 percent

3 years 1 day to less than 4 years 7 months: General public – 7.00 per cent; Senior citizens – 7.50 per cent

4 years 7 months to 55 months: General public – 7.20 per cent; Senior citizens – 7.70 per cent

4 years 7 months 1 day to less than or equal to 5 years: General public – 7.00 per cent; Senior citizens – 7.50 per cent

5 years 1 day to 10 years: General public – 7.00 per cent; Senior citizens – 7.50 per cent.

ICICI Bank interest rates on FD deposits less than Rs 3 crore:

7 days to 29 days: General public – 3.00 per cent; Senior citizens – 3.50 per cent

30 days to 45 days: 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.

Axis Bank FD interest rates (deposits less than 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 percent

1 year 11 days to 1 year 24 days: For general public – 6.70 percent; For senior citizens – 7.20 percent

1 year 25 days to less than 13 months: For general public – 6.70 percent; For senior citizens – 7.20 percent

13 months to less than 14 months: For general public – 6.70 percent; For senior citizens – 7.20 percent

14 months to less than 15 months: For general public – 6.70 percent; For senior citizens – 7.20 percent

15 months to less than 16 months: For general public – 7.10 percent; For senior citizens – 7.60 percent

16 months to less than 17 months: General public – 7.10 per cent; Senior citizens – 7.60 per cent

17 months to less than 18 months: General public – 7.20 per cent; Senior citizens – 7.85 per cent

18 months to less than 2 years: General public – 7.10 per cent; Senior citizens – 7.60 per cent

2 years to 30 months: General public – 7.10 per cent; Senior citizens – 7.60 per cent

30 months to less than 3 years: General public – 7.10 per cent; Senior citizens – 7.60 per cent

3 years to less than 5 years: General public – 7.10 per cent; Senior citizens – 7.60 per cent

5 years to less than 10 years: General public – 7.00 per cent; For senior citizens – 7.75 per cent.

The Reserve Bank of India has recently increased the definition of retail FD to Rs 3 crore from the earlier Rs 2 crore.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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