New Delhi: FD returns have turned lucrative owing to the Reserve Bank of India’s emphasis on the fact that banks must raise funds through conventional means while avoiding risky sources of fundraising. Here are some private banks offering up to 8.5 per cent returns on FDs. Check tenures and interest rates.
ICICI Bank FD rates
India’s second-largest private lender offers the highest returns on FDs whose tenure is above 15 months and up to 2 years at 7.25 per cent. Senior citizens can earn up to 0.55 per cent more interest on these FDs at 7.80 per cent. These FDs allow premature withdrawal and the rates are valid on deposits of up to Rs 3 crore, according to the bank website.
Tenure
With Premature Withdrawal
General Citizen
Senior Citizen
7 to 29 Days
3.00%
3.50%
30 to 45 Days
3.50%
4.00%
46 to 60 Days
4.25%
4.75%
61 to 90 Days
4.50%
5.00%
91 to 184 Days
4.75%
5.25%
185 to 270 Days
5.75%
6.25%
271 Days to < 1 Year
6.00%
6.50%
1 Year to < 15 Months
6.70%
7.20%
15 Months to < 18 Months
7.25%
7.80%
18 Months to 2 Years
7.25%
7.75%
2 Years 1 Day to 5 Years
7.00%
7.50%
5 Years 1 Day to 10 Years
6.90%
7.40%
5Y (Tax Saver FD)
7.00%
7.50%
HDFC Bank FD rates
HDFC Bank offers 7.40 per cent returns on FDs whose tenure exceeds 4 years and 7 months up to 55 months. Senior citizens’ FD returns will be 0.50 per cent higher at 8.90 per cent on the same tenure, according to the HDFC Bank website.
Tenor Bucket
< 3 Crore
Interest Rate (per annum)
**Senior Citizen Rates (per annum)
7 – 14 days
3.00%
3.50%
15 – 29 days
3.00%
3.50%
30 – 45 days
3.50%
4.00%
46 – 60 days
4.50%
5.00%
61 – 89 days
4.50%
5.00%
90 days < = 6 months
4.50%
5.00%
6 months 1 days < = 9 months
5.75%
6.25%
9 months 1 day to < 1 year
6.00%
6.50%
1 year to < 15 months
6.60%
7.10%
15 months to < 18 months
7.10%
7.60%
18 months to < 21 months
7.25%
7.75%
21 months – 2 years
7.00%
7.50%
2 Years 1 day to < 2 Year 11 Months
7.00%
7.50%
2 Years 11 Months – 35 Months
7.35%
7.85%
2 Years 11 Months 1 day < = 3 Year
7.00%
7.50%
3 Years 1 day to < 4 Years 7 Months
7.00%
7.50%
4 Year 7 Months – 55 months
7.40%
7.90%
4 Year 7 Months 1 day < = 5 Years
7.00%
7.50%
5 Years 1 day – 10 Years
7.00%
7.50%
YES Bank FD rates
YES Bank is offering 8 per cent returns on 18-month-tenure FDs. Senior citizens can earn an extra premium of 0.50 per cent at 8.50 per cent on the same FD tenure.
Fixed Deposit Interest Rates w.e.f. 08th June, 2024 (Less than INR 3 Cr)
Tenure
Regular
Senior Citizen**
Interest Rates (%P.A.)*
Annualised
Yield^
Interest Rates (%P.A.)*
Annualised
Yield^
7 days to 14 days
3.25%
3.25%
3.75%
3.75%
15 days to 45 days
3.70%
3.70%
4.20%
4.20%
46 days to 90 days
4.10%
4.10%
4.60%
4.60%
91 days to 120 days
4.75%
4.75%
5.25%
5.25%
121 days to 180 days
5.00%
5.00%
5.50%
5.50%
181 days to 271 days
6.10%
6.24%
6.60%
6.77%
272 days to < 1 year
6.35%
6.50%
6.85%
7.03%
1 year
7.25%
7.45%
7.75%
7.98%
1 year 1 day to < 18 months
7.50%
7.71%
8.00%
8.24%
18 months
8.00%
8.24%
8.50%
8.77%
18 months 1day to < 24 months
7.75%
7.98%
8.25%
8.51%
24 months to < 36 months
7.25%
7.45%
7.75%
7.98%
36 months to < 60 months
7.25%
7.45%
8.00%
8.24%
60 months
7.25%
7.45%
8.00%
8.24%
60 months 1 day to <= 120 months
7.00%
7.19%
7.75%
7.98%
With the RBI keeping a tight watch on liquidity, banks have raised FD rates. Here are 3 private banks offering over 8.5 per cent interest rates on fixed deposits. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
