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Check Out Latest Fixed Deposit (FD) Interest Rates Of Key Banks

Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the option of opening a FD.

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Check Out Latest Fixed Deposit (FD) Interest Rates Of Key Banks

Fixed deposit interest rates vary according to the tenor of a fixed deposit.


Fixed deposits (FDs) are secure investment instruments offered by banks, non-banking financial companies (NBFCs) and post offices. In a bank fixed deposit (FD), investor can park lump sum amount and avail features like assured returns and choice of interest payout. Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the option of opening a FD. Fixed deposit interest rates, which are revised from time to time, vary according to the tenor of a fixed deposit. (Also read: Interest Rates, Maturity Period Of Income Tax-Saving Fixed Deposit)

Private sector lender Axis Bank revised its fixed deposit (FD) rates with effect from March 20, 2019. Private sector bank HDFC Bank and ICICI Bank had earlier this month revised their interest rates on fixed deposit. Country's largest lender State Bank of India (SBI) revised its fixed deposit or FD interest rates with effect from February 22, 2019. 

Given below are the latest interest rates offered by State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank and Bandhan Bank on fixed deposits (FDs) below 2 crore:

State Bank of India

Given below are the latest SBI FD interest rates on deposits below Rs 2 crore:

TenorsRevised For Public w.e.f. 22.02.2019Revised for Senior Citizens w.e.f. 22.02.2019
7 days to 45 days5.75%6.25%
46 days to 179 days6.25%6.75%
180 days to 210 days6.35%6.85%
211 days to less than 1 year6.4%6.9%
1 year to less than 2 year6.8%7.3%
2 years to less than 3 years6.8%7.3%
3 years to less than 5 years6.8%7.3%
5 years and up to 10 years6.85%7.35%
(Source: sbi.co.in)

 

HDFC Bank

The following FD interest rates are applicable on deposits below Rs 2 crore from March 7, 2019 according to hdfcbank.com:

Period

Interest Rate

(per annum)

Senior Citizen Rates

(per annum)

7 - 14 days3.50%4.00%
15 - 29 days4.25%4.75%
30 - 45 days5.75%6.25%
46 - 60 days6.25%6.75%
61 - 90 days6.25%6.75%
91 days - 6 months6.25%6.75%
6 months 1 day- 6 months 3 days6.75%7.25%
6 months 4 days6.75%7.25%
6 months 5 days- 9 months6.75%7.25%
9 months 1 day- 9 months 3 days7.10%7.60%
9 months 4 days7.10%7.60%
9 months 5 days - 9 months 15 days7.10%7.60%
9 months 16 days7.10%7.60%
9 months 17 days < 1 Year7.10%7.60%
1 Year7.30%7.80%
1 year 1 day - 1 year 3 days7.30%7.80%
1 year 4 days7.30%7.80%
1 year 5 days - 1 Year 15 Days7.30%7.80%
1 Year 16 days7.30%7.80%
1 year 17 days - 2 Years7.30%7.80%
2 years 1day - 2 Years 15 days7.40%7.90%
2 Years 16 days7.40%7.90%
2 years 17 days - 3 Years7.40%7.90%
3 years 1day - 5 years7.25%7.75%
5 Years 1 Day - 8 Years6.50%7.00%
8 Years 1 Day - 10 Years6.50%7.00%

 

ICICI Bank

The following FD interest rates are applicable on deposits below Rs. 2 crore according to icicibank.com:

Rate of Interest applicable from March 7, 2019
Tenure PeriodGeneralSenior Citizen
7 days to 14 days44.5
15 days to 29 days4.254.75
30 days to 45 days5.56
46 days to 60 days66.5
61 days to 90 days6.256.75
91 days to 120 days6.256.75
121 days to 184 days6.256.75
185 days to 289 days6.57
290 days to less than 1 year6.757.25
1 year to 389 days6.97.4
390 days to 2 years7.17.6
2 years 1 day up to 3 years7.58
3 years 1 day up to 5 years7.257.75
5 years 1 day up to 10 years77.5
5 Years Tax saver FD(Max upto Rs. 1.50 lac)7.257.75

 

Axis Bank

Given below are the latest interest rates paid by Axis Bank on fixed deposits (FD) up to Rs 2 crore, according to bank's website- axisbank.com

Interest rates on deposits below Rs. 2 crore
(with effect from March 20, 2019)
TermGeneral publicSenior citizens
7 days to 14 days3.53.5
15 days to 29 days3.53.5
30 days to 45 days5.55.5
46 days to 60 days6.256.25
61 days < 3 months6.256.25
3 months < 4 months6.256.25
4 months < 5 months6.256.25
5 months < 6 months6.256.25
6 months < 7 months6.757
7 months < 8 months6.757
8 months < 9 months6.757
9 months < 10 months7.17.35
10 months < 11 months7.17.35
11 months < 1 year7.17.35
1 year < 1 year 5 days7.37.95
1 year 5 days < 1 year 11 days7.37.95
1 year 11 days < 13 months7.37.95
13 months < 14 months7.358
14 months < 15 months7.37.95
15 months < 16 months7.37.95
16 months < 17 months7.37.95
17 months < 18 months7.37.95
18 Months < 2 years7.37.95
2 years < 30 months7.58.15
30 months < 3 years7.58
3 years < 5 years7.257.75
5 years to 10 years7.257.75

 

Bandhan Bank

Given below are the latest interest rates paid by Bandhan Bank on fixed deposits (FD) up to Rs 2 crore, according to bank's website- bandhanbank.com

TenorRevised Rate
7 days to 14 days3.50% 
15 days to 30 days4.00%
31 days to Less than 2 months4.00%
2 months to less than 3 months4.00%
3 months to less than 6 months4.50%
6 months to less than 1 year6.80%
1 year to 18 months7.35%
Above 18 months to less than 2 years"7.65% "
2 years to less than 5 years7.50%
5 years to less than 7 years7.50%
7 years to up to 10 years6.40%

Small finance banks (SFBs), meanwhile, offer higher interest rates on FDs as compared to the mainstream peers.



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