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Latest fixed deposit interest rates offered by SBI, HDFC Bank and ICICI Bank

Latest fixed deposit interest rates offered by SBI, HDFC Bank and ICICI Bank

Latest fixed deposit interest rates offered by SBI, HDFC Bank and ICICI Bank
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By CNBC-TV18 Apr 18, 2020 9:35 AM IST (Updated)

When it comes to investments, fixed deposits or FDs are a preferred option as it offers guaranteed returns.  Unlike stocks and mutual funds, FDs give safe returns as they are unaffected by market volatility, experts say. One can invest  in fixed deposits for a specific period, ranging from seven days to 10 years.

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Fixed deposit interest rates are subject to change from time to time, which also varies from banks to banks. Senior citizens usually get a higher rate of interest on fixed deposits compared to general public.
Here's a comparison of interest rates offered by SBI, HDFC Bank and ICICI Bank on fixed deposits (FDs) up to Rs 2 crore:
SBI Fixed Deposit Rates
State Bank of India (SBI) offers the following FD interest rates on deposits below Rs 2 crore:
TenorsRates for publicRates for Senior Citizens
7 days to 45 days3.50%4%
46 days to 179 days4.50%5%
180 days to 210 days5%5.50%
211 days to less than 1 year5%5.50%
1 year to less than 2 year5.70%6.20%
2 years to less than 3 years5.70%6.20%
3 years to less than 5 years5.70%6.20%
5 years and up to 10 years5.70%6.20%
HDFC Bank Fixed Deposit Rates
HDFC Bank offers the following FD interest rates on deposits below Rs 2 crore:
TenorsRates for publicRates for senior citizens
7 - 14 days3.00%3.50%
15 - 29 days3.50%4.00%
30 - 45 days4.25%4.75%
46 - 60 days4.75%5.25%
61 - 90 days4.75%5.25%
91 days - 6 months4.75%5.25%
6 mnths 1 days - 9 mnths5.25%5.75%
9 mnths 1 day < 1 Year5.50%6.00%
1 Year5.80%6.30%
1 year 1 day - 2 years5.80%6.30%
2 years 1 day - 3 years6.00%6.50%
3 year 1 day- 5 years6.00%6.50%
5 years 1 day - 10 years6.00%6.50%
ICICI Bank Fixed Deposit Rates
ICICI Bank offers the following FD interest rates on deposits below Rs 2 crore:
TenureRates for publicRates for senior citizens
7 days to 14 days3.50%4.00%
15 days to 29 days3.75%4.25%
30 days to 45 days4.25%4.75%
46 days to 60 days4.75%5.25%
61 days to 184 days4.75%5.25%
185 days to 289 days5.25%5.75%
290 days to 364 days5.50%6.00%
390 days to 17 months 29 days5.80%6.30%
18 months to 2 years5.80%6.30%
1 year to 389 days5.80%6.30%
2 years 1 day to 3 years6.00%6.50%
3 years 1 day to 5 years6.00%6.50%
5 years 1 day to 10 years6.00%6.50%
 
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