With SBI 6 More Banks That Revised Interest Rates On FD In December 2021

In December 2021, six more banks, including India's largest lender, State Bank of India (SBI), altered their fixed deposit interest rates. ICICI Bank, HDFC Bank, Axis Bank, Ujjivan Small Finance Bank, Kotak Mahindra Bank, and ESAF Small Finance Bank are the six banks involved. In this article, we'll look at all of these banks' new fixed deposit interest rates in one place.

State Bank of India

Interest rates on domestic bulk term deposits (Rs. 2 crores and more) have been revised by SBI last month, and the new rates are effective as of December 15, 2021.

Tenors	Existing Rates For Public w.e.f. 08.01.2021	Revised Rates For Public w.e.f 15.12.2021	Existing Rates for Senior Citizens w.e.f. 08.01.2021	Revised Rates for Senior Citizen w.e.f. 15.12.2021
7 days to 45 days	2.9	3	3.4	3.5
46 days to 179 days	2.9	3	3.4	3.5
180 days to 210 days	3	3.1	3.5	3.6
211 days to less than 1 year	3	3.1	3.5	3.6
1 year to less than 2 years	3	3.1	3.5	3.6
2 years to less than 3 years	3	3.1	3.5	3.6
3 years to less than 5 years	3	3.1	3.5	3.6
5 years and upto 10 years	3	3.1	3.5	3.6
Source: Bank Website

HDFC Bank

HDFC Bank had changed interest rates on domestic / NRO / NRE fixed deposits of less than Rs. 2 Cr and Rs. 2 Cr and Rs. 5 Cr effective December 1, 2021. The bank's current fixed deposit interest rates for both normal and elderly residents are listed below.

Tenor	Regular (Rs 2 Cr)	Senior Citizen (Rs 2 Cr)	Regular (Rs 2 Cr to Rs 5 Cr)	Senior Citizen (Rs 2 Cr to Rs 5 Cr)
7 - 14 days	2.50%	3.00%	2.50%	3.00%
15 - 29 days	2.50%	3.00%	2.50%	3.00%
30 - 45 days	3.00%	3.50%	2.75%	3.25%
46 - 60 days	3.00%	3.50%	2.75%	3.25%
61 - 90 days	3.00%	3.50%	3.00%	3.50%
91 days - 6 months	3.50%	4.00%	3.00%	3.50%
6 mnths 1 days - 9 mnths	4.40%	4.90%	3.50%	4.00%
9 mnths 1 day < 1 Year	4.40%	4.90%	3.65%	4.15%
1 Year	4.90%	5.40%	3.75%	4.25%
1 year 1 day - 2 years	5.00%	5.50%	3.75%	4.25%
2 years 1 day - 3 years	5.15%	5.65%	4.40%	4.90%
3 year 1 day- 5 years	5.35%	5.85%	4.40%	4.90%
5 years 1 day - 10 years	5.50%	6.25%*	4.40%	5.15%
Source: Bank Website

ICICI Bank

On deposits of less than Rs. 2 Cr, ICICI Bank is offering the following interest rates effective from 4th December 2021.

Tenor	General	Senior Citizen
7 days to 14 days	2.50%	3.00%
15 days to 29 days	2.50%	3.00%
30 days to 45 days	3.00%	3.50%
46 days to 60 days	3.00%	3.50%
61 days to 90 days	3.00%	3.50%
91 days to 120 days	3.50%	4.00%
121 days to 150 days	3.50%	4.00%
151 days to 184 days	3.50%	4.00%
185 days to 210 days	4.40%	4.90%
211 days to 270 days	4.40%	4.90%
271 days to 289 days	4.40%	4.90%
290 days to less than 1 year	4.40%	4.90%
1 year to 389 days	4.90%	5.40%
390 days to < 15 months	4.90%	5.40%
15 months to < 18 months	4.90%	5.40%
18 months to 2 years	5.00%	5.50%
2 years 1 day to 3 years	5.20%	5.70%
3 years 1 day to 5 years	5.40%	5.90%
5 years 1 day to 10 years	5.60%	6.30%
Source: Bank Website

Axis Bank

Axis Bank is currently offering the following interest rates on deposits of less than Rs. 2 crores maturing in 7 days to 10 years, effective as of December 14, 2021.

Tenor	General	Senior Citizen
7 days to 14 days	2.5	2.5
15 days to 29 days	2.5	2.5
30 days to 45 days	3	3
46 days to 60 days	3	3
61 days < 3 months	3	3
3 months < 4 months	3.5	3.5
4 months < 5 months	3.5	3.5
5 months < 6 months	3.5	3.5
6 months < 7 months	4.4	4.65
7 months < 8 months	4.4	4.65
8 months < 9 months	4.4	4.65
9 months < 10 months	4.4	4.65
10 months < 11 months	4.4	4.65
11 months < 11 months 25 days	4.4	4.65
11 months 25 days < 1 year	4.4	4.65
1 year < 1 year 5 days	5.1	5.75
1 year 5 days < 1 year 11days	5.15	5.8
1 year 11days < 1 year 25days	5.2	5.85
1 year 25 days < 13 months	5.2	5.85
13 months < 14 months	5.1	5.75
14 months < 15 months	5.1	5.75
15 months < 16 months	5.1	5.75
16 months < 17 months	5.1	5.75
17 months < 18 months	5.1	5.75
18 months < 2 years	5.25	5.9
2 years < 30 months	5.4	6.05
30 months < 3 years	5.4	6.05
3 years < 5 years	5.4	6.05
5 years to 10 years	5.75	6.5
Source: Bank Website

Kotak Mahindra Bank

Kotak Mahindra Bank is providing the following interest rates on Domestic / NRO / NRE fixed deposits of less than Rs. 2 crores as of December 29, 2021.

Tenor	General	Senior Citizen
7 - 14 Days	2.50%	3.00%
15 - 30 Days	2.50%	3.00%
31 - 45 Days	2.75%	3.25%
46 - 90 Days	2.75%	3.25%
91 - 120 Days	3.00%	3.50%
121 - 179 days	3.20%	3.70%
180 Days	4.25%	4.75%
181 Days to 269 Days	4.40%	4.90%
270 Days	4.40%	4.90%
271 Days to 363 Days	4.40%	4.90%
364 Days	4.50%	5.00%
365 Days to 389 Days	4.75%	5.25%
390 Days (12 months 25 days)	5.00%	5.50%
391 Days - Less than 23 Months	5.00%	5.50%
23 Months	5.00%	5.50%
23 months 1 Day- less than 2 years	5.10%	5.60%
2 years- less than 3 years	5.15%	5.65%
3 years and above but less than 4 years	5.30%	5.80%
4 years and above but less than 5 years	5.30%	5.80%
5 years and above upto and inclusive of 10 years	5.30%	5.80%
Source: Bank Website

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank has recently changed its interest rates on domestic and NRO deposits of less than Rs. 2 crores maturing in 7 days to 10 years, effective as of December 31, 2021.

Tenor	General	Senior Citizen
7 Days to 29 Days	2.90%	3.65%
30 Days to 89 Days	3.50%	4.25%
90 Days to 179 Days	4.25%	5.00%
180 Days to 364 Days	4.75%	5.50%
12 Months	6.50%	7.25%
12 Months and 1 Day to 19 Months	6.00%	6.75%
19 Months and 1 Day to 24 Months	6.60%	7.35%
24 Months and 1 Day to 989 Days	6.50%	7.25%
990 Days	6.75%	7.50%
991 Days to 3 Years	6.50%	7.25%
3 Years and 1 Day to 5 Years	6.25%	7.00%
5 Years and 1 Day to 10 Years	6.00%	6.75%
Source: Bank Website

ESAF Small Finance Bank

ESAF Small Finance Bank is granting the following interest rates on resident term deposits of less than Rs. 2 crores as of December 20, 2021.

Tenor	General	Senior Citizen
7 days to 14 days	4.00%	4.50%
15 days to 59 days	4.50%	5.00%
60 days to 90 days	5.25%	5.75%
91 days to 181 days	5.50%	6.00%
182 days	5.00%	5.50%
183 days to 363 days	5.75%	6.25%
364 days	5.25%	5.75%
365 days & 366 days	6.50%	7.00%
367 days to 545 days	6.00%	6.50%
546 days	5.00%	5.50%
547 days to 727 days	6.00%	6.50%
728 days	5.25%	5.75%
729 days to 909 days	6.25%	6.75%
910 days	5.25%	5.75%
911 days to 1091 days	6.25%	6.75%
1092 days	5.25%	5.75%
1093 days to 1273 days	5.75%	6.25%
1274 days	5.25%	5.75%
1275 days -1455 days	5.75%	6.25%
1456 days	5.25%	5.75%
1457 days-1637 days	5.75%	6.25%
1638 days	5.25%	5.75%
1639 days-1819 days	5.75%	6.25%
1820 days	5.25%	5.75%
1821 days to 3653 days	5.25%	5.75%
Source: Bank Website