4 Leading Banks Providing Higher Interest Rates On Retail FDs

By market value, the nation's largest banks reportedly offer annualized returns on retail fixed deposits at the rate of 2.5-5.5 percent. The State Bank of India, HDFC Bank and Kotak Mahindra Bank provide customers a range of retail fixed deposit maturity options. Retail FDs-or FDs up to Rs.2 crore-are accessible currently for maturities ranging from seven days to 10 years of tenure. Interest rates are updated from time to time in order to conform them with the Reserve Bank of India's prevailing interest rates. Below are the latest rates of interest offered by the top banks on retail FDs:

SBI FD

Tenure	ROI
	For general public	For senior citizens
Seven days to 45 days	2.90%	3.40%
46 days to 179 days	3.90%	4.40%
180 days to 210 days	4.40%	4.90%
211 days to less than 1 year	4.40%	4.90%
1 year to less than 2 years	4.90%	5.40%
2 years to less than 3 years	5.10%	5.60%
3 years to less than 5 years	5.30%	5.80%
5 years and up to 10 years	5.40%	6.20%

HDFC Bank FD

Tenure	ROI
	For general public	For senior citizens
Seven 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 six months	3.50%	4.00%
Six months one day to nine months	4.40%	4.90%
9 months one day to less than 1 year	4.40%	4.90%
1-Year	4.90%	5.40%
1 year one day to 2 years	5.00%	5.50%
2 years one day to 3 years	5.15%	5.65%
3 years one day to 5 years	5.30%	5.80%
5 years one day to 10 years	5.50%	6.25%

ICICI Bank FD

Tenure	ROI
	For General Public	For Senior Citizens
7 days to 14 days	2.50%	3%
15 to 29 days	2.50%	3%
30 to 45 days	3%	3.50%
46 to 60 days	3%	3.50%
61 to 90 days	3%	3.50%
91 to 120 days	3.50%	4%
121 to 184 days	3.50%	4%
185 to 210 days	4.40%	4.90%
211 to 270 days	4.40%	4.90%
271 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 less than 18 months	4.90%	5.40%
18 months and one day to 2 years	5%	5.50%
2 years and one day to 3 years	5.15%	5.65%
3 years and one day to 5 years	5.35%	5.85%
5 years and one day to 10 years	5.50%	6.30%
5 years tax-saver FD (maximum Rs.1.50 lakh)	5.35%	5.85%

Kotak Mahindra Bank FD

Tenure	ROI
Seven to 14 days	2.50%
15 to 30 days	2.50%
31 to 45 days	3%
46 to 90 days	3%
91 to 120 days	3.50%
121 to 179 days	3.50%
180 days	4.50%
181 to 269 days	4.50%
270 days	4.50%
271 to 363 days	4.50%
364 days	4.50%
365 to 389 days	4.60%
390 days (12 months and 25 days)	4.90%
391 days to less than 23 months	4.90%
23 months	5%
23 months and one day to less than 2 years	4.90%
2 years to less than 3 years	4.90%
3 years and above but less than 4 years	4.90%
4 years and above but less than 5 years	4.75%
5 years and above up to 10 years	4.50%

Note: Compared to other customers, most lenders offer senior citizens with marginally higher interest rates. This fiscal year, since February, the RBI has lowered the repo rate-or the primary interest rate at which it lends money to banks-by a total of 115 basis points, up from 135 basis points last year. This has prompted banks to reduce their FD rates as well.