Bank FD Latest Interest Rates Comparison: SBI vs PNB vs HDFC vs Axis Bank

Many leading private and public lenders recently hiked interest rates on fixed deposits after Reserve Bank of India's move to raise key repo rates to control the surging inflation that has touched new highs. A few days back Punjab National Bank hiked interest rates on FDs below Rs 2 crore and new rates became effective on July 4.

Below is the comparison of latest FD interest rates offered by four top lenders namely HDFC Bank, States Bank of India, HDFC Bank, and Axis Bank:

1. SBI Bank

The bank is currently offering a minimum 2.90% interest rate for tenors 7 days to 45 days while under this tenor senior citizens are offered 3.40% interest rate. The bank is offering the highest interest rate for FD maturing 5 years and up to 10 years. General public can get an interest rate of 5.50% while senior citizens can get an interest rate of 6.30% under this tenor. Check the table below for more detail:

SBI FD Interest Rates on Domestic Deposits of less than Rs 2 crore w.e.f. 14 June 2022

Tenors	General Public	Senior Citizens
7 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	4.60%	5.10%
1 year to less than 2 year	5.30%	5.80%
2 years to less than 3 years	5.35%	5.85%
3 years to less than 5 years	5.45%	5.95%
5 years and up to 10 years	5.50%	6.30%

2. PNB Bank

The bank is offering higher interest rates than SBI bank. The minimum interest rates begin at 3% for FD maturing in 7 days to 14 days while senior citizens can fetch 3.50% under this tenor for term deposits less than Rs 2 crore. The new rate became effective on July 4, 2022. The highest interest rate is available for the tenor of above 5 year and up to 10 years. General citizens can get an interest rate of 5.60% and senior citizens can get an interest rate of 6.10% for term deposits less than Rs 2 crore. Senior citizens are offered lesser interest rate in PNB for 5 years to 10 years FD than SBI Bank.

Check the table below for more detail:

Sl. No	Period	ROI (% p.a.)	A.Y.*	For Senior Citizen ROI (% p.a.)**	ROI (% p.a.)	A.Y.*	ROI (% p.a.)	ROI (% p.a.)	ROI (% p.a.)
1	7 to 14 days	3	3	3.5	4.5	4.5	NA	NA	NA
2	15 to 29days	3	3	3.5	4.5	4.5	NA	NA	NA
3	30 to 45 days	3	3	3.5	4.5	4.5	NA	NA	NA
4	46 to 90 days	3.25	3.25	3.75	4.5	4.5	NA	NA	NA
5	91 to 179 days	4	4	4.5	5	5	NA	NA	NA
6	180 days to 270 Days	4.5	4.53	5	5	5.03	NA	NA	NA
7	271 days to less than 1 year	4.5	4.55	5	5	5.06	NA	NA	NA
8	1 year	5.3	5.41	5.8	5.3	5.41	5.3	5.3	NA
9	above 1 year & upto 2 years	5.3	5.41	5.8	5.3	5.41	5.3	5.3	NA
10	above 2 year & upto 3 years	5.5	5.77	6	5.5	5.77	5.5	5.5	Public (General)- 5.50 (for 5 years) 5.60 ( for above 5years to 10 years)
									Sr. Citizen (General)- 6.00 (for 5 years) 6.10 ( for above 5years to 10 years)
11	above 3 year & upto 5 years	5.5	5.94	6	5.5	5.94	5.5	5.5	Staff member- 6.50 (for 5 years) 6.60 ( for above 5years to 10 years)
12	above 5 years & upto 10 years	5.6	6.41	6.1	5.6	6.41	5.6	5.6	Retired Staff (Sr. Citizen)- 6.50 (for 5 years) 6.60 ( for above 5years to 10 years)
13	1111 days	5.5	5.94	6			5.5		NA

3. HDFC Bank

The bank is offering the minimum interest rate of 2.75% for FDs for the tenor of 7 days to 29 days while senior citizens are given higher interest rate of 3.25% under this tenor for term deposits less than 2 crore. The maximum interest rate is 5.75% for general citizens and 6.50% for senior citizens for the tenor of 5 years 1 day to 10 years.

Check the table below for more details for FDs less than Rs 2 crore:

Tenor Bucket	< 2 Crore
	Interest Rate (per annum)	**Senior Citizen Rates (per annum)
7 - 14 days	2.75%	3.25%
15 - 29 days	2.75%	3.25%
30 - 45 days	3.25%	3.75%
46 - 60 days	3.25%	3.75%
61 - 90 days	3.25%	3.75%
91 days - 6 months	3.75%	4.25%
6 mnths 1 days - 9 mnths	4.65%	5.15%
9 mnths 1 day < 1 Year	4.65%	5.15%
1 Year	5.35%	5.85%
1 year 1 day - 2 years	5.35%	5.85%
2 years 1 day - 3 years	5.50%	6.00%
3 year 1 day- 5 years	5.70%	6.20%
5 years 1 day - 10 years	5.75%	6.50%*

4. Axis Bank

The bank revised interest rates on July 4, 2022. The minimum interest rate is begins from 2.50% for both general citizens and senior citizens for FDs for the tenor 7 days to 29 days. The highest interest rate is 5.75% for general citizens and 6.50% for senior citizens for FDs for the tenor of 5 years to 10 years. 

Check the interest rate below for FDs less than Rs 2 crore:

Tenure	Regular Citizens	Senior Citizens
7 days to 14 days	2.50%	2.50%
15 days to 29 days	2.50%	2.50%
30 days to 45 days	3.00%	3.00%
46 days to 60 days	3.00%	3.00%
61 days to less than 3 months	3.00%	3.00%
3 months to less than 4 months	3.50%	3.50%
4 months to less than 5 months	3.50%	3.50%
5 months to less than 6 months	3.50%	3.50%
6 months to less than 7 months	4.40%	4.65%
7 months to less than 8 months	4.40%	4.65%
8 months to less than 9 months	4.40%	4.65%
9 months to less than 10 months	4.75%	5.00%
10 months to less than 11 months	4.75%	5.00%
11 months to less than 11 months 25 days	4.75%	5.00%
11 months 25 days to less than 1 year	4.75%	5.00%
1 year to less than 1 year 5 days	5.45%	6.10%
1 year 5 days to less than 1 year 11 days	5.45%	6.10%
1 year 11 days to less than 1 year 25 days	5.75%	6.40%
1 year 25 days to less than 13 months	5.60%	6.25%
13 months to less than 14 months	5.60%	6.25%
14 months to less than 15 months	5.60%	6.25%
15 months to less than 16 months	5.60%	6.25%
16 months to less than 17 months	5.60%	6.25%
17 months to less than 18 months	5.60%	6.25%
18 months to less than 2 years	5.60%	6.25%
2 years to less than 30 months	5.70%	6.35%
30 months to less than 3 years	5.70%	6.35%
3 years to less than 5 years	5.70%	6.35%
5 years to 10 years	5.75%	6.50%