Current FD Interest Rates Compared For Top 5 Banks of India

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Current FD Interest Rates Compared For Top 5 Banks of India

As one of the least safe and most prevalent forms of savings, fixed deposits (FDs) are considered widely by both the general public and senior citizens. The service to deposit your lump of some money for a fixed tenure is offered by all major banks such as State Bank of India (SBI), ICICI, HDFC, and many others. Investors prefer to place their capital in these channels because, considering the fact that FDs are stable, they deliver assured returns. Bank FDs have become a very preferred investment choice among senior citizens who want to cherish tax benefits under Section 80C. High-risk instrument options such as a mutual fund scheme or ULIPs, FDs are considered to be the most secure place to park your savings especially during the current unpredictable time due to COVID. Bank fixed deposits are very stable, as governed by the Reserve Bank of India (RBI). FD interest rates differ by amount, tenure and form of depositor for various banks. So, before investing, it is often important to compare the FD rates provided by different banks. Here are the new interest rates for FD provided by SBI, HDFC Bank, National Bank of Punjab and others: 

SBI FD Interest Rates

Maturity period Interest rates
  General Public Senior citizen
Seven days to 45 days 2.90% 3.40%
46 days to 179 days 3.90% 4.40%
180 days to 210 days 4.40% 4.90%
211 days to less than one year 4.40% 4.90%
One year to less than two years 5.10% 5.60%
Two years to less than three years 5.10% 5.60%
Three years to less than five years 5.30% 5.80%
Five years and up to 10 years 5.40% 6.20%

 

PNB FD Interest Rates

Maturity period Interest rate w.e.f June 12
  General Public Senior citizen
Seven days to 14 days 3.00% 3.75%
15 days to 29 days 3.00% 3.75%
30 days to 45 days 3.00% 3.75%
46 days to 90 days 3.25% 4%
91 days to 179 days 4.00% 4.75%
180 days to 270 days 4.40% 5.15%
271 days to less than one year 4.50% 5.25%
333 days 4.50% 5.25%
One year 5.25% 6%
444 days 5.25% 6%
555 days 5.25% 6%
Above one year and up to two years 5.25% 6%
Above two years and up to three years 5.25% 6%
Above three years and up to five years 5.30% 6.15%
Above five years and up to 10 years 5.30% 6.15%

 

HDFC Bank FD Interest Rates

Maturity period Interest rate w.e.f. June 12
  General Public
Seven days to 14 days 2.50%
15 days to 29 days 2.50%
30 days to 45 days 3.00%
46 days to 60 days 3.00%
61 days to 90 days 3.00%
91 days to six months 3.50%
Six months one day to nine months 4.40%
Nine months one day to less than one year 4.40%
One year 4.90%
One year one day to two years 5.00%

 

ICICI Bank FD Interest Rates

Maturity period Interest rate
15 days to 29 days 2.50%
30 days to 45 days 3%
46 days to 60 days 3%
61 days to 90 days 3%
91 days to 120 days 3.50%
185 days to 210 days 4.40%
211 days to 270 days 4.40%
271 days to 289 days 4.40%
290 days to less than 1 year 4.40%
1 year to 389 days 5%
390 days to < 18 months 5%
18 months days to 2 years 5.10%
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%

Axis Bank FD Interest Rates

Maturity period Interest rate
7 days – 29 days 2.50%
30 days – 60 days 2.50%
61 days – 3 months 2.75%
3 months – 6 months 4%
6 months – 9 months 4.40%
9 months – 11 months 25 days 4.50%
11 months 25 days – 1 year 5 days 5.15%
1 year 5 days – 18 months 5.10%
18 months – 2 years 5.25%
2 years – 5 years 5.40%
5 years – 10 years 5.50%

 

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