New Delhi: Fixed Deposits (FDs) are considered to be safe and secured investment options as they ensure guaranteed returns. FD interest rates may differ depending upon the bank/lender the tenure of the scheme and the amount an individual is investing.
Let’s see what banks, including State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank (PNB), are offering on their FDs.
SBI FD interest rates
SBI is offering 3.50 per cent to 7.10 per cent interest rates on Fixed Deposit plans to general citizens and 4 per cent to 7.60 per cent to senior citizens. It may be noted that SBI’s popular Amrit Kalash scheme – which is ending on September 30, 2024, provides interest rate of 7.10 per cent. Senior Citizens get 7.60 per cent return.
SBI FD interest rates on FD below Rs 3 crore
Tenure
General citizens rates
Senior citizens interest rates
7 days to 45 days
3.5
4
46 days to 179 days
5.5
6
180 days to 210 days
6.25
6.75
211 days to less than 1 year
6.5
7
1 Year to less than 2 years
6.8
7.3
2 years to less than 3 years
7
7.5
3 years to less than 5 years
6.75
7.25
5 years and up to 10 years
6.5
7.50*
HDFC Bank FD interest rates
HDFC Bank is offering interest rates between 3 per cent to 7.35 per cent for general citizens on its FD schemes. Senior citizens are entitled to receive 0.50 per cent extra. The country’s largest private sector bank is offering 7.25 per cent and 7.75 per cent on fixed deposits of 2 years 11 months – 35 months tenure.
Fixed Deposit interest rate less than 3 crore
Tenor Bucket
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%
ICICI Bank FD rates
ICICI Bank is offering 6.70 per cent interest rates for fixed deposit tenure of 1 year to 15 months. The country’s second largest private sector bank is giving 7.25 per cent on FD tenure of 15 months and 18 months. The bank is giving 7.25 per cent on FD plan for 18 months to 2 years.
Tenure
General citizens rates
Senior citizens interest rates
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%
PNB FD rates
PNB revised its interest rates on its FD plans with effect from August 1, 2024. The public sector bank is giving an interest rate between 3.50 per cent to 7.25 per cent to general citizens and senior citizens are being offered 0.50 per cenr more, i.e., 4 per cent to 7.75 per cent. The lender is offering the highest interest rate of 7.25% and 7.75% on a tenure of 400 days.
Sl. No
Period
Interest rates for general citizens
Senior citizens interest rates
Super Senior citizens interest rates
1
7 to 14 Days
3.5
4
4.3
2
15 to 29 Days
3.5
4
4.3
3
30 to 45 Days
3.5
4
4.3
4
46 to 60 Days
4.5
5
5.3
5
61 to 90 Days
4.5
5
5.3
6
91 to 179 Days
4.5
5
5.3
7
180 to 270 Days
6.25
6.75
7.05
8
271 Days to 299 Days
6.5
7
7.3
9
300 Days
7.05
7.55
7.85
10
301 Days to < 1 Year
6.5
7
7.3
11
1 Year
6.8
7.3
7.6
12
> 1 Year to 399 days
6.8
7.3
7.6
13
400 Days
7.25
7.75
8.05
14
401 Days to 2 Years
6.8
7.3
7.6
15
> 2 years to 3 years
7
7.5
7.8
16
> 3 years to 1203 days
6.5
7
7.3
17
1204 days**
6.4
6.9
7.2
18
1205 days to 5 years
6.5
7
7.3
19
> 5 years to 1894 days
6.5
7.3
7.3
20
1895 days**
6.35
7.15
7.15
21
1896 days to 10 years
6.5
7.3
7.3
Let’s see what State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank (PNB) are offering on their fixed deposit schemes. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
