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With SBI 6 More Banks That Revised Interest Rates On FD In December 2021

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In December 2021, six more banks, including India's largest lender, State Bank of India (SBI), altered their fixed deposit interest rates. ICICI Bank, HDFC Bank, Axis Bank, Ujjivan Small Finance Bank, Kotak Mahindra Bank, and ESAF Small Finance Bank are the six banks involved. In this article, we'll look at all of these banks' new fixed deposit interest rates in one place.

 

State Bank of India

State Bank of India

Interest rates on domestic bulk term deposits (Rs. 2 crores and more) have been revised by SBI last month, and the new rates are effective as of December 15, 2021.

TenorsExisting Rates For Public w.e.f. 08.01.2021Revised Rates For Public w.e.f 15.12.2021Existing Rates for Senior Citizens w.e.f. 08.01.2021Revised Rates for Senior Citizen w.e.f. 15.12.2021
7 days to 45 days2.933.43.5
46 days to 179 days2.933.43.5
180 days to 210 days33.13.53.6
211 days to less than 1 year33.13.53.6
1 year to less than 2 years33.13.53.6
2 years to less than 3 years33.13.53.6
3 years to less than 5 years33.13.53.6
5 years and upto 10 years33.13.53.6
Source: Bank Website

HDFC Bank
 

HDFC Bank

HDFC Bank had changed interest rates on domestic / NRO / NRE fixed deposits of less than Rs. 2 Cr and Rs. 2 Cr and Rs. 5 Cr effective December 1, 2021. The bank's current fixed deposit interest rates for both normal and elderly residents are listed below.

TenorRegular (Rs 2 Cr)Senior Citizen (Rs 2 Cr)Regular (Rs 2 Cr to Rs 5 Cr)Senior Citizen (Rs 2 Cr to Rs 5 Cr)
7 - 14 days2.50%3.00%2.50%3.00%
15 - 29 days2.50%3.00%2.50%3.00%
30 - 45 days3.00%3.50%2.75%3.25%
46 - 60 days3.00%3.50%2.75%3.25%
61 - 90 days3.00%3.50%3.00%3.50%
91 days - 6 months3.50%4.00%3.00%3.50%
6 mnths 1 days - 9 mnths4.40%4.90%3.50%4.00%
9 mnths 1 day < 1 Year4.40%4.90%3.65%4.15%
1 Year4.90%5.40%3.75%4.25%
1 year 1 day - 2 years5.00%5.50%3.75%4.25%
2 years 1 day - 3 years5.15%5.65%4.40%4.90%
3 year 1 day- 5 years5.35%5.85%4.40%4.90%
5 years 1 day - 10 years5.50%6.25%*4.40%5.15%
Source: Bank Website

ICICI Bank

ICICI Bank

On deposits of less than Rs. 2 Cr, ICICI Bank is offering the following interest rates effective from 4th December 2021.

TenorGeneralSenior Citizen
7 days to 14 days2.50%3.00%
15 days to 29 days2.50%3.00%
30 days to 45 days3.00%3.50%
46 days to 60 days3.00%3.50%
61 days to 90 days3.00%3.50%
91 days to 120 days3.50%4.00%
121 days to 150 days3.50%4.00%
151 days to 184 days3.50%4.00%
185 days to 210 days4.40%4.90%
211 days to 270 days4.40%4.90%
271 days to 289 days4.40%4.90%
290 days to less than 1 year4.40%4.90%
1 year to 389 days4.90%5.40%
390 days to < 15 months4.90%5.40%
15 months to < 18 months4.90%5.40%
18 months to 2 years5.00%5.50%
2 years 1 day to 3 years5.20%5.70%
3 years 1 day to 5 years5.40%5.90%
5 years 1 day to 10 years5.60%6.30%
Source: Bank Website

Axis Bank

Axis Bank

Axis Bank is currently offering the following interest rates on deposits of less than Rs. 2 crores maturing in 7 days to 10 years, effective as of December 14, 2021.

TenorGeneralSenior Citizen
7 days to 14 days2.52.5
15 days to 29 days2.52.5
30 days to 45 days33
46 days to 60 days33
61 days < 3 months33
3 months < 4 months3.53.5
4 months < 5 months3.53.5
5 months < 6 months3.53.5
6 months < 7 months4.44.65
7 months < 8 months4.44.65
8 months < 9 months4.44.65
9 months < 10 months4.44.65
10 months < 11 months4.44.65
11 months < 11 months 25 days4.44.65
11 months 25 days < 1 year4.44.65
1 year < 1 year 5 days5.15.75
1 year 5 days < 1 year 11days5.155.8
1 year 11days < 1 year 25days5.25.85
1 year 25 days < 13 months5.25.85
13 months < 14 months5.15.75
14 months < 15 months5.15.75
15 months < 16 months5.15.75
16 months < 17 months5.15.75
17 months < 18 months5.15.75
18 months < 2 years5.255.9
2 years < 30 months5.46.05
30 months < 3 years5.46.05
3 years < 5 years5.46.05
5 years to 10 years5.756.5
Source: Bank Website

Kotak Mahindra Bank

Kotak Mahindra Bank

Kotak Mahindra Bank is providing the following interest rates on Domestic / NRO / NRE fixed deposits of less than Rs. 2 crores as of December 29, 2021.

TenorGeneralSenior Citizen
7 - 14 Days2.50%3.00%
15 - 30 Days2.50%3.00%
31 - 45 Days2.75%3.25%
46 - 90 Days2.75%3.25%
91 - 120 Days3.00%3.50%
121 - 179 days3.20%3.70%
180 Days4.25%4.75%
181 Days to 269 Days4.40%4.90%
270 Days4.40%4.90%
271 Days to 363 Days4.40%4.90%
364 Days4.50%5.00%
365 Days to 389 Days4.75%5.25%
390 Days (12 months 25 days)5.00%5.50%
391 Days - Less than 23 Months5.00%5.50%
23 Months5.00%5.50%
23 months 1 Day- less than 2 years5.10%5.60%
2 years- less than 3 years5.15%5.65%
3 years and above but less than 4 years5.30%5.80%
4 years and above but less than 5 years5.30%5.80%
5 years and above upto and inclusive of 10 years5.30%5.80%
Source: Bank Website

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank has recently changed its interest rates on domestic and NRO deposits of less than Rs. 2 crores maturing in 7 days to 10 years, effective as of December 31, 2021.

TenorGeneralSenior Citizen
7 Days to 29 Days2.90%3.65%
30 Days to 89 Days3.50%4.25%
90 Days to 179 Days4.25%5.00%
180 Days to 364 Days4.75%5.50%
12 Months6.50%7.25%
12 Months and 1 Day to 19 Months6.00%6.75%
19 Months and 1 Day to 24 Months6.60%7.35%
24 Months and 1 Day to 989 Days6.50%7.25%
990 Days6.75%7.50%
991 Days to 3 Years6.50%7.25%
3 Years and 1 Day to 5 Years6.25%7.00%
5 Years and 1 Day to 10 Years6.00%6.75%
Source: Bank Website

ESAF Small Finance Bank

ESAF Small Finance Bank

ESAF Small Finance Bank is granting the following interest rates on resident term deposits of less than Rs. 2 crores as of December 20, 2021.

TenorGeneralSenior Citizen
7 days to 14 days4.00%4.50%
15 days to 59 days4.50%5.00%
60 days to 90 days5.25%5.75%
91 days to 181 days5.50%6.00%
182 days5.00%5.50%
183 days to 363 days5.75%6.25%
364 days5.25%5.75%
365 days & 366 days6.50%7.00%
367 days to 545 days6.00%6.50%
546 days5.00%5.50%
547 days to 727 days6.00%6.50%
728 days5.25%5.75%
729 days to 909 days6.25%6.75%
910 days5.25%5.75%
911 days to 1091 days6.25%6.75%
1092 days5.25%5.75%
1093 days to 1273 days5.75%6.25%
1274 days5.25%5.75%
1275 days -1455 days5.75%6.25%
1456 days5.25%5.75%
1457 days-1637 days5.75%6.25%
1638 days5.25%5.75%
1639 days-1819 days5.75%6.25%
1820 days5.25%5.75%
1821 days to 3653 days5.25%5.75%
Source: Bank Website

Read more about: fd fixed deposit interest rates
Story first published: Monday, January 3, 2022, 21:46 [IST]
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