Up to 7.25% FD rate: Which bank is offering highest fixed deposit rate; SBI HDFC Bank, ICICI Bank, PNB, Canara Bank, Axis Bank Here is a comparison of the FD rates offered by these banks and the latest revised SBI FD interest rates
The State Bank of India has hiked its fixed deposit interest rates on select tenures below one year. The new rates are effective from May 15, 2024. HDFC Bank, Canara Bank and ICICI Bank revised their FD interest rates in February 2024. Axis Bank revised its FD rates in May. PNB revised its fixed deposit interest rates in April 2024. Here is a comparison of the FD rates offered by these banks and the latest revised SBI FD interest rates.SBI FD interest rates
The bank has hiked its fixed deposit interest rates by 75 basis points (bps) on deposits maturing between 46 days and 179 days from 4.75% to 5.50%.Also read: Latest SBI FD interest rates: State Bank of India hikes fixed deposit rates by up to 75 bps
SBI raised the interest rate on the tenure of 180 days to 210 days by 25 bps from 5.75 % to 6% for general citizens. The bank has hiked FD rates by 25 bps on tenure of 211 days to less than 1 year from 6% to 6.25% for general citizens.
General Public TenorsExisting Rates for Public w.e.f. 27/12/2023Revised Rates for Public w.e.f. 15/05/20247 days to 45 days3.53.546 days to 179 days4.755.5180 days to 210 days5.756211 days to less than 1 year66.251 Year to less than 2 years6.86.82 years to less than 3 years773 years to less than 5 years6.756.755 years and up to 10 years6.56.5
HDFC FD interest rates
The bank offers interest rates between 3% to 7.25% on tenures ranging from 7 days to 10 years for amounts below Rs 2 crore. The Bank has hiked on tenure of 18 months to less than 21 months from 7% to 7.25%. The rates are effective from February 9, 2024.Tenor Bucket Interest Rate (per annum)7 - 14 days3.00%15 - 29 days3.00%30 - 45 days3.50%46 - 60 days4.50%61 - 89 days4.50%90 days 4.50%6 months 1 days 5.75%9 months 1 day to 6.00%1 year to 6.60%15 months to 7.10%18 months to 7.25%21 months - 2 years7.00%2 Years 1 day to 7.00%2 Years 11 Months - 35 Months7.15%2 Years 11 Months 1 day 7.00%3 Years 1 day to 7.00%4 Year 7 Months - 55 months7.20%4 Year 7 Months 1 day 7.00%5 Years 1 day - 10 Years7.00%
ICICI Bank FD interest rates
The bank offers interest rates between 3% to 7.20% on tenures ranging from 7 days to 10 years for amounts below Rs 2 crore. The highest interest rate of 7.20% is offered for tenure of 15 months to less than 2 years. The rates are effective from February 17, 2024.Interest rates (per cent per annum) w.e.f. February 17, 2024Single deposit of less than ₹2 CroresGeneral Citizen Interest Rates7 days to 14 days3.00%15 days to 29 days3.00%30 days to 45 days3.50%46 days to 60 days4.25%61 days to 90 days4.50%91 days to 120 days4.75%121 days to 150 days4.75%151 days to 184 days4.75%185 days to 210 days5.75%211 days to 270 days5.75%271 days to 289 days6.00%290 days to less than 1 year6.00%1 year to 389 days6.70%390 days to 6.70%15 months to 7.20%18 months to 2 years7.20%2 years 1 day to 3 years7.00%3 years 1 day to 5 years7.00%5 years 1 day to 10 years6.90%5 Years (80C FD) – Max to `1.50 lac7.00%
Axis Bank FD interest rates
The bank offers interest rates between 3% to 7.20% on tenures ranging from 7 days to 10 years for amounts below Rs 2 crore. The highest interest rate of 7.20% is offered for tenure of 17 monthsCanara Bank FD interest rates
The bank offers interest rates between 4% to 7.25% on tenures ranging from 7 days to 10 years for amounts below Rs 2 crore. The highest interest rate of 7.25% is offered for tenure of 444 days. The rates are effective from February 19, 2024.Term Deposits (All Maturities)General PublicRate of Interest (% p.a.)7 Days to 45 Days446 Days to 90 Days5.2591 Days to 179 Days5.5180 Days to 269 Days6.15270 Days to less than 1 Year6.251 Year Only6.85444 Days7.25Above 1 Year to less than 2 Years6.852 Years & above to less than 3 Years6.853 Years & above to less than 5 Years6.85 Years & above to 10 Years6.7
PNB FD interest rates
The bank offers interest rates between 3.5% to 7.25% on tenures ranging from 7 days to 10 years for amounts below Rs 2 crore. The highest interest rate of 7.25% is offered for tenure of 400 days. The rates are effective from April 12, 2024.l. NoPeriodExisting Rates For Public W.E.F. 08.01.202417 to 14 Days3.5215 to 29 Days3.5330 to 45 Days3.5446 to 60 Days4.5561 to 90 Days4.5691 to 179 Days4.57180 to 270 Days68271 Days to 299 Days6.259300 Days6.2510301 Days to 6.25111 Year6.7512> 1 Year to 399 days6.813400 Days7.2514401 Days to 2 Years6.815> 2 years to 3 years716> 3 years to 1203 days6.5171204 days**6.5181205 days to 5 years6.519> 5 years to 1894 days6.5201895 days**6.5211896 days to 10 years6.5
Source: Bank websites, interest rates as on May 16, 2024
This story originally appeared on: India Times - Author:Faqs of Insurances
