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PNB, SBI, ICICI Bank, HDFC Bank Fixed Deposit (FD) Interest Rates

State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank, ICICI Bank offer the option of fixed deposits with attractive interest rates.

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PNB, SBI, ICICI Bank, HDFC Bank Fixed Deposit (FD) Interest Rates

Bank fixed deposits (FD) are among the best bets of investors because of their fixed interest rates.

Bank fixed deposits (FD) are still among the best bets of investors because of their fixed interest rates. Because of guaranteed returns, FDs are popular among risk-averse investors, who do not want their earnings to be swayed by market movements. FDs, however, are of two types: regular and tax-saving. Partial withdrawal from regular FDs is allowed but tax-saving FDs require customers to lock in their savings for a minimum of five years. Leading banks like State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank and ICICI Bank offer the option of opening fixed deposit accounts.

(Also Read: Recurring Deposit (RD) Interest Rates - SBI Vs ICICI Bank Vs HDFC Bank Vs Post Offices)

Given below is a comparison of fixed deposit interest rates of PNB, HDFC Bank, ICICI Bank and SBI:

Fixed deposit interest rates of PNB


Interest rates on single domestic term or fixed deposits (pnbindia.in)
 
PeriodROI (% p.a.)For Senior Citizen ROI (% p.a.)
7 to 14 days5.76.2
15 to 29days5.76.2
30 to 45 days5.76.2
46 to 90 days6.356.85
91 to 179 days6.356.85
180 days to 270 Days6.356.85
271 days to less than 1 year6.356.85
1 year6.67.1
above 1 year & upto 3 years6.757.25
above 3 year & upto 5 years6.256.75

Fixed deposit interest rates of HDFC Bank

Domestic / NRO / NRE term deposits (hdfcbank.com)
 
Period< 1 Crore
 Interest Rate **Senior Citizen Rates 
 (per annum)(per annum)
7 - 14 days3.50%4.00%
15 - 29 days4.25%4.75%
30 - 45 days5.50%6.00%
46 - 60 days5.75%6.25%
61 - 90 days5.75%6.25%
91 days - 6 months5.75%6.25%
6 mnths 1 day- 6 mnths 3 days6.00%6.50%
6 mnths 4 days6.00%6.50%
6 mnths 5 days- 9 mnths6.00%6.50%
9 mnths 1 day- 9 mnths 3 days6.00%6.50%
9 mnths 4 days6.00%6.50%
9 months 5 days - 9 months 15 days6.00%6.50%
9 months 16 days6.25%6.75%
9 months 17 days < 1 Year6.25%6.75%
1 Year6.85%7.35%
1 year 1 day - 1 year 3 days6.50%7.00%
1 year 4 days6.25%6.75%
1 year 5 days - 1 Year 15 Days6.25%6.75%
1 Year 16 days6.25%6.75%
1 year 17 days - 2 Years7.00%7.50%
2 years 1day - 2 Years 15 days7.00%7.50%
2 Years 16 days7.00%7.50%
2 years 17 days - 3 Years7.00%7.50%
3 years 1day - 5 years7.00%7.50%
5 Years 1 Day - 8 Years6.00%6.50%
8 Years 1 Day - 10 Years6.00%6.50%

Fixed deposit interest rates of ICICI Bank

Interest rates on domestic, NRO & NRE deposits (Less than Rs 1 crore), according to icicibank.com
 
Tenure PeriodRate of Interest (% p.a.) w.e.f December 11, 2017
 GeneralSenior Citizen*
7 days to 14 days44.5
15 days to 29 days4.254.75
30 days to 45 days5.56
46 days to 60 days5.756.25
61 days to 90 days66.5
91 days to 120 days66.5
121 days to 184 days66.5
185 days to 289 days6.256.75
290 days to less than 1 year6.57
1 year to 389 days6.67.1
390 days to 2 years6.757.25
2 years 1 day up to 5 years6.57
5 years 1 day upto 10 years6.57
5 Years Tax saver FD(Max upto Rs. 1.50 lac)6.57


State Bank of India (SBI) fixed deposit interest rates on deposits less than Rs 1 crore (according to sbi.co.in)

Comments
(Also Read: SBI Bank Fixed Deposit (FD) Reinvestment Option - Rate Of Interest, Tenure And Other Details)

(All figures in % per annum)
 
TenorsExisting for Public w.e.f. 28.02.2018Revised For Public w.e.f. 28.03.2018Existing for Senior Citizens w.e.f. 28.02.2018Revised for Senior Citizens w.e.f. 28.03.2018
7 days to 45 days5.755.756.256.25
46 days to 179 days6.256.256.756.75
180 days to 210 days6.356.356.856.85
211 days to less than 1 year6.46.46.96.9
1 year to less than 2 year6.46.46.96.9
2 years to less than 3 years6.56.677.1
3 years to less than 5 years6.56.777.2
5 years and up to 10 years6.56.7577.25

Bank fixed deposits offer a higher interest rate than savings accounts.

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