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HomePersonal FinanceSBI Vs HDFC Vs ICICI: Latest Interest Rates On FD Compared

SBI Vs HDFC Vs ICICI: Latest Interest Rates On FD Compared

Fixed deposits (FDs) are fixed-income investments that provide assured returns for a pre-defined duration of lock-in, and also FDs are often referred to as term deposits (TDs). Public and private sector banks, small finance banks, as well as non-banking finance companies provide these products. Lenders give retail consumers a variety of maturity options for configuring fixed deposits, ranging from seven days to 10 years. The rates of interest offered on FDs, which often differ from lenders to lenders, are subject to change from time to time. Compared to the general public, senior citizens typically get a higher rate of interest on fixed deposits. Hence, below are the three largest commercial banks of India that are currently providing higher interest rate up to 5.5 per cent to the general public and 6.30% to senior citizens on their FDs for a deposit amount of less than Rs 2 Cr.

SBI FD Rates

Maturity periodROI per annum for the general publicROI per annum for senior citizens
7 days to 45 days2.93.4
46 days to 179 days3.94.4
180 days to 210 days4.44.9
211 days to less than 1 year4.44.9
1 year to less than 2 year4.95.4
2 years to less than 3 years5.15.6
3 years to less than 5 years5.35.8
5 years and up to 10 years5.46.2

HDFC FD Rates

Maturity period ROI per annum for the general publicROI per annum for senior citizens
7 – 14 days2.50%3.00%
15 – 29 days2.50%3.00%
30 – 45 days3.00%3.50%
46 – 60 days3.00%3.50%
61 – 90 days3.00%3.50%
91 days – 6 months3.50%4.00%
6 months 1 day – 9 months4.40%4.90%
9 months 1 day < 1 Year4.40%4.90%
1 Year4.90%5.40%
1 year 1 day – 2 years4.90%5.40%
2 years 1 day – 3 years5.15%5.65%
3 year 1 day- 5 years5.30%5.80%
5 years 1 day – 10 years5.50%6.25%

ICICI Bank FD Rates

Maturity periodROI per annum for the general publicROI per annum for senior citizens
7 days to 14 days2.50%3.00%
15 days to 29 days2.50%3.00%
30 days to 45 days3.00%3.50%
46 days to 60 days3.00%3.50%
61 days to 90 days3.00%3.50%
91 days to 120 days3.50%4.00%
121 days to 184 days3.50%4.00%
185 days to 210 days4.40%4.90%
211 days to 270 days4.40%4.90%
271 days to 289 days4.40%4.90%
290 days to less than 1 year4.40%4.90%
1 year to 389 days4.90%5.40%
390 days to < 18 months4.90%5.40%
18 months to 2 years5.00%5.50%
2 years 1 day to 3 years5.15%5.65%
3 years 1 day to 5 years5.35%5.85%
5 years 1 day to 10 years5.50%6.30%
5 Years (80C FD) – Max to Rs 1.50 lac5.35%5.85%
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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