SBI website has announced the “Revision in Interest Rates On Retail Domestic term deposits (Below Rs.

(Senior Citizen Rates do not apply to NRIs | Minimum tenor for NRE Deposit is 1 Year.)

Single deposit of ₹ 20.0 mn & above but less than 50.0 mnĭomestic / NRO / NRE FIXED DEPOSIT RATE. Single deposit of less than ₹ 20.0 million Interest rates (per cent per annum) w.e.f. ICICI FD Interest rates on Domestic, NRO & NRE deposits (Less than Rs 5 Crore) Maturity Period Here is a comparison of fixed deposit interest rates of SBI, HDFC, ICICI Bank. (Also read: PF money transfer: What is Annexure K and why do you need it? Know how to download it online)įollowing the RBI interest rate hike, SBI vs HDFC vs ICICI have also hiked their FD interest rates across various tenors. Over-exposure to FDs, on the other hand, is not a good thing, and you should evaluate your asset allocation and goals before deciding how much money to put in them. The bank usually offers interest rates ranging from three to 7.10 percent on fixed deposits of INR 2 crore or less for regular citizens.Bank fixed deposits (FDs) are still a popular investment option, not only among retirees looking for a steady stream of income, but also among risk-averse investors. Some time ago, HDFC Bank had changed the interest rates on FDs with a tenure of less than 1 year and 15 months, raising them to 6.6 percent. The bank is offering a maximum interest rate of 7.25 percent on fixed deposits with a tenure of 4 years and 7 months to 10 years.Īccording to the bank’s website, the current interest rates are applicable to deposits of less than INR 2 crore from May 29, 2023. HDFC Bank is offering interest rates ranging from three to 7.25 percent on its other fixed deposit schemes.

Meanwhile, for a special FD scheme with a tenure of 55 months or 4 years and 7 months, the bank is offering an interest rate of 7.25 percent. However, these FD schemes are open for a limited time only.Īccording to the bank, those investing in a special fixed deposit scheme for 35 months or 2 years and 11 months will receive an interest rate of 7.20 percent. Senior citizens will also receive an additional half-percent interest on their investments. The bank is offering an interest rate of more than seven percent on both fixed deposits. The bank has introduced 35-month and 55-month FD plans, which began on May 29, 2023. HDFC Bank, one of India’s largest private banks, has launched two special fixed deposit (FD) schemes for a limited period.

Hdfc bank fixed deposit rates