Top banks latest bulk deposit interest rates: SBI vs HDFC Bank vs ICICI Bank vs PNB vs Axis Bank
Bulk deposits are fixed deposits offered by banks that have different interest rates than regular fixed deposits. Deposits which are for amounts above Rs 2 crore and above are called bulk deposits.Here are the details of the interest rate for SBI, HDFC Bank, ICICI Bank, Axis Bank, and PNB on bulk fixed deposits (FDs) of Rs 2 crore and above.
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SBI bulk term deposit rates
SBI offers an interest rate between 4.75% to 6.75% on bulk deposits for general citizens and 5.25% to 7.25% for senior citizens. The highest interest rate of 6.75% and 7.25% is offered on 1 Year to less than 2 years. Note that premature penalty for bulk term deposits for all tenors will be 1%. It will be applicable for all new deposits including renewals. The rates are effective from February 15, 2023.HDFC Bank bulk term deposit rates
HDFC Bank offers an interest rate between 4.75% to 7.25% on bulk deposits for general citizens and 5.25% to 7.75% for senior citizens. The highest interest rate of 7.25% and 7.75% is offered on 1 Year to less than 15 months. The rates are effective from May 27, 2023.PNB bulk term deposit rates
Punjab National Bank offers an interest rate between 6% to 7% on bulk deposits for general citizens. The highest interest rate of 7% is offered on 1 year tenure. The rates are effective from November 1, 2023.Axis Bank bulk term deposit rates
Axis Bank offers an interest rate between 4.80% to 7.25% on bulk deposits for general citizens and 5.30% to 7.75% for senior citizens. The highest interest rate of 7.25% and 7.75% is offered on 1 Year to less than 15 months. The rates are effective from October 21, 2023.ICICI Bank bulk term deposits
ICICI Bank offers an interest rate between 4.75% to 7.25% on bulk deposits for general citizens and 4.75% to 7.25% for senior citizens. The highest interest rate of 7.25% is offered on 1 Year to less than 15 months.Top banks latest bulk deposit interest rates
BankGeneral citizensSenior CitizensSBI4.75% to 6.75%5.25% to 7.25%HDFC Bank4.75% to 7.25%5.25% to 7.75%PNB6% to 7% Axis Bank4.80% to 7.25%5.30% to 7.75%ICICI Bank4.75% to 7.25%4.75% to 7.25%Connect with Experts - Wealth creation made easy
This story originally appeared on: India Times - Author:Faqs of Insurances
