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    Private Bank FD Rates Revised: HDFC Bank, ICICI, Axis, Yes Bank & Kotak Mahindra

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    In the last 20 days, private banks have revised their interest rates on FD (fixed deposits), a favourite among Indian savers.

    Apart from the fact that these term deposit facilities provide risk-free investment with a guaranteed maturity, there are many options in terms of banks in the market to choose from. One can choose to park their savings in a public sector bank, a private bank or a small finance bank.

    In this article, we look at the latest fixed deposit (FD) interest rates of private banks, namely HDFC Bank, ICICI Bank, Yes Bank, Kotak Mahindra Bank, and Axis Bank.

    HDFC Bank FD Interest Rates
     

    HDFC Bank FD Interest Rates

    These are interest rates on term deposits below Rs 2 crore that are effective from 7 March 2019. Here are some of the highest yielding rates:

    Tenure General interest rates Senior citizen interest rates
    9 months, 17 days < 1 Year 7.10% 7.60%
    1 Year 7.30% 7.80%
    2 years, 1 day - 2 Years, 15 days 7.40% 7.90%
    3 years, 1 day - 5 years 7.25% 7.75%
    Axis Bank FD Interest Rates

    Axis Bank FD Interest Rates

    These are interest rates on term deposits below Rs 2 crore that are effective from 27 February 2019. Here are some of the highest yielding rates:

    Tenure General interest rates (%) Senior citizen interest rates (%)
    1 year < 1 year, 5 days 7.30 7.95
    13 months < 14 months 7.35 8.00
    2 years < 30 months 7.50 8.15
    3 years < 5 years 7.25 7.75
    ICICI Bank FD Interest Rates
     

    ICICI Bank FD Interest Rates

    These are interest rates on term deposits below Rs 2 crore that are effective from 7 March 2019. Here are some of the highest yielding rates that come with premature withdrawal facility:

    Tenure General interest rates (%) Senior citizen interest rates (%)
    390 days to 2 years 7.10 7.60
    2 years, 1 day upto 3 years 7.50 8.00
    3 years, 1 day upto 5 years 7.25 7.75
    5 years, 1 day upto 10 years 7.00 7.50
    Yes Bank FD Interest Rates

    Yes Bank FD Interest Rates

    These are interest rates on term deposits below Rs 2 crore that are effective from 5 March 2019. Here are some of the highest yielding rates:

    Tenure General interest rates Senior citizen interest rates
    1 Years to <= 10 years 7.25% 7.75%
    12 Months, 10 Days to 12 Months, 20 Days 7.50% 8.00%
    18 Months, 8 Days to 18 Months, 18 Days 7.85% 8.35%
    36 Months, 10 Days to 36 Months, 20 Days 7.50% 8.00%
    Kotak Mahindra Bank FD Interest Rates

    Kotak Mahindra Bank FD Interest Rates

    These are interest rates on term deposits below Rs 2 crore that are effective from 2 March 2019. Here are some of the highest yielding rates:

    Tenure General interest rates Senior citizen interest rates
    365 Days to 389 Days 7.30% 7.80%
    23 Months 7.25% 7.75%
    3 years and above but less than 4 years 7.10% 7.60%

    Story first published: Tuesday, March 12, 2019, 13:10 [IST]
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