HDFC Bank vs ICICI Bank vs SBI FD Exchange Rates: Even at a time when bank interest rates are at a high level due to the recent series of interest rate hikes, fixed deposits (FDs) have become an attractive product, beating inflation by a comfortable margin. Below is a comparison of the current Fixed Deposit (FD) interest rates offered by three banks – State Bank of India (SBI), HDFC Bank and ICICI Bank – for deposits below Rs 2 crore.
HDFC Bank offers interest rates of up to 7.75% on FDs depending on the deposit holding period and age of the depositor. ICICI Bank is offering FD interest rates up to 7.75% per annum while SBI is offering up to 7.50% per annum.
Latest interest rates (annual) for fixed deposits below Rs 2 crore at HDFC Bank:
7 to 14 days: General public – 3.00%; For seniors – 3.50%
15th – 29th: General public – 3.00%; For seniors – 3.50%
30 to 45 days: General public – 3.50%; For seniors – 4.00%
Days 46 to 60: General public – 4.50%; For senior citizens – 5.00%
Days 61 to 89: General public – 4.50%; For senior citizens – 5.00%
More than 90 days but less than 6 months: General public – 4.50%; For senior citizens – 5.00%
From 6 months and 1 day to less than 9 months: General public – 5.75%; For seniors – 6.25%
From 9 months and 1 day to less than 1 year: General public – 6.00%; For seniors – 6.50%
1 year to less than 15 months: General public – 6.60%; For seniors – 7.10%
From 15 months to less than 18 months: General public – 7.10%; For seniors – 7.50%
From 18 months and 1 day to less than 21 months: General public – 7.00%; For seniors – 7.50%
21 months to 2 years: General public – 7.00%; For seniors – 7.50%
More than 2 years and 1 day but less than 2 years and 11 months: General public – 7.00%; For seniors – 7.50%
2 years 11 months to 35 months: General public – 7.00%; For seniors – 7.50%
2 years 11 months 1 day to 4 years 7 months: General public – 7.00%; For seniors – 7.50%
4 years 7 months 1 day 5 years or less: General public – 7.00%; For seniors – 7.50%
5 years 1 day to 10 years: General public – 7.00%; For seniors – 7.75%.
ICICI Bank's latest interest rates for term deposits below Rs 2 crore:
7 to 14 days: General public – 3.00%; For seniors – 3.50%
15th – 29th: General public – 3.00%; For seniors – 3.50%
30 to 45 days: General public – 3.50%; For seniors – 4.00%
Days 46 to 60: General public – 4.25%; For seniors – 4.75%
Days 61 to 90: General public – 4.50%; For senior citizens – 5.00%
Days 91 to 120: General public – 4.75%; For seniors – 5.25%
Days 121 to 150: General public – 4.75%; For seniors – 5.25%
Days 151 to 184: General public – 4.75%; For seniors – 5.25%
Days 185 to 210: General public – 5.75%; For seniors – 6.25%
Days 211 to 270: General public – 5.75%; For seniors – 6.25%
Days 271 to 289: General public – 6.00%; For seniors – 6.50%
290 days to less than 1 year: General public – 6.00%; For seniors – 6.50%
1 year to 389 days: General public – 6.70%; For seniors – 7.20%
390 days to less than 15 months: General public – 6.70%; For seniors – 7.20%
From 15 months to less than 18 months: General public – 7.20%; For seniors – 7.75%
18 months to 2 years: General public – 7.20%; For seniors – 7.75%
2 years 1 day to 3 years: General public – 7.00%; For seniors – 7.50%
3 years 1 day to 5 years: General public – 7.00%; For seniors – 7.50%
5 years 1 day to 10 years: General public – 7.00%; For seniors – 7.50%.
State Bank of India's FD interest rates (for deposits below Rs 2 Crore):
7 to 45 days: General public – 3.00%; For seniors – 3.50%
Days 46 to 179: General public – 4.50%; For senior citizens – 5.00%
180 to 210 days: General public – 5.25%; For seniors – 5.75%
211 days to less than 1 year: General public – 5.75%; For seniors – 6.25%
1 year to less than 2 years: General public – 6.80%; For seniors – 7.30%
More than 2 years but less than 3 years: General public – 7.00%; For seniors – 7.50%
More than 3 years but less than 5 years: General public – 6.50%; For seniors – 7.00%
5 years up to 10 years: General public – 6.50%; For seniors – 7.50%.