New Delhi: Banks in the country have been on a fixed deposit interest rate hike spree in the last four years or so. People who want to opt for safer and fixed returns can opt for for the various FD schemes offered by the banks. Most experts suggest that citizens should open term deposits for one year and not for very long periods as inflation erodes value of money deposited in time deposits of very long tenure.
Country’s top three private sector lenders, HDFC Bank, ICICI Bank and Axis Bank have recently revised fixed deposit interest rates. So, let’s see amongst country’s top private banks, which bank is currently giving highest interest rate on fixed deposit schemes. Notably, ICICI Bank and Axis Bank currently give higher rate of interest for deposits of one year or similar time periods than HDFC Bank.
Also read: ETF vs Index Fund which is better?
ICICI Bank FD Rates for 1 year
ICICI Bank’s FD Rates for 1 year and less than 15 months carry an interest of 6.70 per cent for general citizens. Whereas, ICICI Bank’s FD Rates for 1 year and less than 15 months currently stand at 7.20 per cent for senior citizens.
ICICI Bank Fixed Deposit Interest Rates
Tenure
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
7.20%
7.75%
18 Months to 2 Years
7.20%
7.70%
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%
Axis Bank FD rates for 1 year
General citizens are entitled to get 6.70 per cent on Axis Bank fixed deposit schemes for 1 year and less than 15 months. Senior citizens will get 7.20 per cent interest.
Axis Bank Fixed Deposit Interest Rates
Tenure
General Citizen
Senior Citizen
7 – 14 days
3.00%
3.50%
15 – 29 days
3.00%
3.50%
30 – 45 days
3.50%
4.00%
46 – 60 days
4.25%
4.75%
61 days < 3 months
4.50%
5.00%
3 months – 3 months 24 days
4.75%
5.25%
3 months 25 days < 4 months
4.75%
5.25%
4 months < 5 months
4.75%
5.25%
5 months < 6 months
4.75%
5.25%
6 months < 7 months
5.75%
6.25%
7 months < 8 months
5.75%
6.25%
8 months < 9 months
5.75%
6.25%
9 months < 10 months
6.00%
6.50%
10 months < 11 months
6.00%
6.50%
11 months – 11 months 24 days
6.00%
6.50%
11 months 25 days < 1 year
6.00%
6.50%
1 year – 1 year 4 days
6.70%
7.20%
1 year 5 days – 1 year 10 days
6.70%
7.20%
1 year 11 days – 1 year 24 days
6.70%
7.20%
1 year 25 days < 13 months
6.70%
7.20%
13 months < 14 months
6.70%
7.20%
14 months < 15 months
6.70%
7.20%
15 months < 16 months
7.10%
7.60%
16 months < 17 months
7.10%
7.60%
17 months < 18 months
7.20%
7.70%
18 Months < 2 years
7.10%
7.60%
2 years < 30 months
7.10%
7.60%
30 months < 3 years
7.10%
7.60%
3 years < 5 years
7.10%
7.60%
5 years to 10 years
7.00%
7.75%
Also read: ITR filing: How much TDS is refundable?
HDFC Bank FD rates for 1 year
HDFC Bank’s fixed deposit interest rates for 1 year and less than 15 months is at 6.60 per cent for general citizens. Senior citizens will get 7.10 per cent.
HDFC Bank Fixed Deposit Interest Rates
Tenure
General Citizen
Senior Citizen
7 to 14 Days
3.00%
3.50%
15 to 29 Days
3.00%
3.50%
30 to 45 Days
3.50%
4.00%
46 to 60 Days
4.50%
5.00%
61 to 89 Days
4.50%
5.00%
90 Days to 6 Months
4.50%
5.00%
6 Months 1 Day to 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 to 2 Years
7.00%
7.50%
2 Years 1 Day to < 3 Years
7.00%
7.50%
3 Years 1 Day to < 4 Years 7 Months
7.00%
7.50%
4 Years 7 Months to 55 Months
7.20%
7.70%
4 Years 7 Months 1 Day to 5 Years
7.00%
7.50%
5 Years 1 Day to 10 Years
7.00%
7.50%
FD interest rates: ICICI Bank and Axis Bank currently give higher fixed deposit interest rates for 1 year and less than 15 months as compared to HDFC Bank. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
