Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
SBI Vs DCB Vs Axis Vs IDFC First Vs Yes Bank: Latest Interest Rates On FD Compared
Fixed deposits are the most secure and popular choice for both normal and elderly folks to create wealth in the secure debt investment category. Fixed deposits have a deposit tenure ranging from seven days to ten years, indicating that all short of small, medium and long-term financial goals can be met with stable interest rates without concern of market swings. Before opening a fixed deposit account, we usually recommend comparing the interest rates offered by leading banks, so we've selected the country's largest lender State Bank of India (SBI), as well as several private sector banks, and compared their most recent interest rates for you.
State Bank of India
With effect from 08.01.2021, the State Bank of India is promising the following interest rates on retail domestic term deposits of less than Rs. 2 crores.
| Tenors | Rates for Public In % (p.a.) | Rates for Senior Citizens In % (p.a.) |
|---|---|---|
| 7 days to 45 days | 2.9 | 3.4 |
| 46 days to 179 days | 3.9 | 4.4 |
| 180 days to 210 days | 4.4 | 4.9 |
| 211 days to less than 1 year | 4.4 | 4.9 |
| 1 year to less than 2 year | 5 | 5.5 |
| 2 years to less than 3 years | 5.1 | 5.6 |
| 3 years to less than 5 years | 5.3 | 5.8 |
| 5 years and up to 10 years | 5.4 | 6.2 |
| Source: Bank Website |
DCB Bank
DCB Bank has recently revised its interest rates on fixed deposits and the new rates are in force from 22nd November 2021. The bank is currently providing the following interest rates on Resident Indian Fixed Deposits of less than Rs 2 crore.
| Tenure | Rates for Public In % (p.a.) | Rates for Senior Citizens In % (p.a.) |
|---|---|---|
| 7 days to 14 days | 4.35% | 4.85% |
| 15 days to 45 days | 4.35% | 4.85% |
| 46 days to 90 days | 4.35% | 4.85% |
| 91 days to less than 6 months | 5.05% | 5.55% |
| 6 months to less than 12 months | 5.25% | 5.75% |
| 12 months | 5.55% | 6.05% |
| More than 12 months to less than 15 months | 5.30% | 5.80% |
| 15 months to less than 18 months | 5.50% | 6.00% |
| 18 months to less than 700 days | 5.50% | 6.00% |
| 700 days | 5.95% | 6.45% |
| More than 700 days to less than 36 months | 5.50% | 6.00% |
| 36 months | 5.95% | 6.45% |
| More than 36 months to 60 months | 5.95% | 6.45% |
| More than 60 months to 120 months | 5.95% | 6.45% |
| Source: Bank Website |
Axis Bank
In the month of November, Axis Bank has also revised its interest rates on fixed deposits. The new rates are in effect from 10th November 2021. The bank's most recent interest rates on domestic fixed deposits applicable to both regular public and senior citizens are as follows:
| Tenure | Rates for Public In % (p.a.) | Rates for Senior Citizens In % (p.a.) |
|---|---|---|
| 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 |
IDFC First Bank
This private sector bank has also recently revised its interest rates on fixed deposits and the new applicable rates are in force from 23rd November 2021. On Domestic, NRE & NRO Deposits less than Rs. 2 Cr, IDFC First Bank is now providing the below listed interest rates to both regular and senior citizens.
| Period | Rates for Public | Rates for Senior Citizens |
|---|---|---|
| 7 - 14 days | 2.50% | 3.00% |
| 15 - 29 days | 2.50% | 3.00% |
| 30 - 45 days | 2.75% | 3.25% |
| 46 - 90 days | 2.75% | 3.25% |
| 91 - 180 days | 3.25% | 3.75% |
| 181 days - less than 1 year | 4.75% | 5.25% |
| 1 year - 2 years | 5.25% | 5.75% |
| 2 years 1 day - 3 years | 5.75% | 6.25% |
| 3 years 1 day - 5 years | 6.00% | 6.50% |
| 5 years Tax Saver Deposit | 6.00% | 6.50% |
| 5 years 1 day - 10 years | 6.00% | 6.50% |
| Source: Bank Website |
Yes Bank
On deposits of less than Rs. 2 Cr maturing in 7 days to 10 years, Yes Bank is now promising the following interest rates w.e.f. 3rd November 2021.
| Period | Regular | Senior Citizen |
|---|---|---|
| 7 to 14 days | 3.25% | 3.75% |
| 15 to 45 days | 3.50% | 4.00% |
| 46 to 90 days | 4.00% | 4.50% |
| 3 months to < 6 months | 4.50% | 5.00% |
| 6 months to < 9 months | 5.00% | 5.50% |
| 9 months to < 1 Year | 5.25% | 5.75% |
| 1 Year to < 3 years | 6.00% | 6.50% |
| 3 Years to <= 10 years | 6.25% | 7.00% |
| Source: Bank Website |
