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SBI, ICICI & HDFC Fixed Deposits (FD) Interest Rates Comparison: Effective From August 13

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Depending on the RBI repo rate, the commercial banks in India change their interest rates on Fixed Deposits or FDs. Here, top banks like SBI, ICICI, and HDFC's current FD rates have been discussed for investment.

 

State Bank Of India (SBI) FD Rate

State Bank Of India (SBI) FD Rate

The below-mentioned FD interest rates came into effect on August 13, 2022. The interest rates are applicable for deposits below Rs. 2 crore.

For SBI account holders, for 211 days to less than 1 year for public is 4.60% and 5.10% for senior citizens, for 1 year to less than 2 year for public is 5.45% and 5.95% for senior citizens, for 2 years to less than 3 years FD rate for public is 5.50% and 6.00% for senior citizens, for 3 years to less than 5 years FD rate for public is 5.60% and 6.10% for senior citizens, for 5 years and up to 10 years FD rate for public is 5.65% and 6.45% for senior citizens.

Additionally, SBI has also introduced a specific tenor of 1000 days at a 6.10% interest rate, which came into effect on August 15, 2022 for 75 days.

TenureInterest rate for publicInterest rate for senior citizens
2 years to less than 3 years5.50%6.00%
3 years to less than 5 years5.60%6.10%
5 years and up to 10 years5.65%6.45%
ICICI Bank
 

ICICI Bank

The below-mentioned FD interest rates came into effect on August 13, 2022. The interest rates are applicable for deposits of above Rs. 20 mn but less than 50 mn.

For ICICI Bank account holders, for FD investment from 1 year to 10 years the interest rate will be 5.90%, for FD investment from 271 days to less than 1 year the interest rate will be 5.50%, for FD investment from 185 days to less than 270 days the interest rate will be 5.25%. These interest rates will be applicable for both public and senior citizens.

TenureInterest rate for publicInterest rate for senior citizens
185 days to less than 270 days5.25%5.25%
"271 days to less than 1 year5.50%5.50%
1 year to 10 years5.90%5.90%
HDFC Bank

HDFC Bank

For HDFC Bank account holders, for 1 year - 2 years FD rate is 5.35% for public and 5.85% for senior citizens, for 2 years 1 day - 3 years FD rate is 5.50% for public and 6.00% for senior citizens, for 3 years 1 day- 5 years FD rate is 5.70% for public and 6.20% for senior citizens, and 5 years 1 day - 10 years FD rate is 5.75% for public and 6.50%* for domestic senior citizens. These interest rates are applicable for the domestic deposit for less than Rs. 2 crore, which came into effect on June 17, 2022.

TenureInterest rate for publicInterest rate for senior citizens
2 years 1 day - 3 years5.50%6.00%
"3 year 1 day - 5 years5.70%6.20%
5 years 1 day - 10 years5.75%6.50%
FD interest rate comparison

FD interest rate comparison

Here, the best FD interest rates offered by the above-mentioned top banks have been compared.

BankTenureInterest rate for publicInterest rate for senior citizens
SBI5 years and up to 10 years5.65%6.45%
ICICI Bank1 year to 10 years5.90%5.90%
HDFC Bank5 years 1 day - 10 years5.75%6.50%

Story first published: Tuesday, August 16, 2022, 21:20 [IST]
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