Fixed Deposit (FD) Interest Rates: SBI Vs HDFC Bank Vs ICICI Bank Vs BoB Vs Federal Bank
Banks are the biggest issuers of fixed deposits in India. Fixed deposits (FD) of leading banks not only help you save money but also grow your wealth. Money in fixed deposit accounts offer attractive interest rates until fixed tenures. The interest payout options offer the customer of fixed deposits to either choose regular cash flows or earn high interest rates by opting for cumulative interest where the interest is compounded quarterly, providing even better returns. If you have a lump sum surplus available for investment with a requirement of these funds at a specified date, you may choose to put it into a fixed deposit.
Given below are fixed deposit (FD) interest rates of State Bank of India (SBI), HDFC Bank, ICICI Bank, Bank of Baroda (BoB) and Federal Bank:
Fixed deposit interest rates of State Bank of India (SBI) (Below Rs 1 crore)
| Tenors | Revised For Public w.e.f. 28.05.2018 | Revised for Senior Citizens w.e.f. 28.05.2018 |
|---|---|---|
| 7 days to 45 days | 5.75 | 6.25 |
| 46 days to 179 days | 6.25 | 6.75 |
| 180 days to 210 days | 6.35 | 6.85 |
| 211 days to less than 1 year | 6.4 | 6.9 |
| 1 year to less than 2 year | 6.65 | 7.15 |
| 2 years to less than 3 years | 6.65 | 7.15 |
| 3 years to less than 5 years | 6.7 | 7.2 |
| 5 years and up to 10 years | 6.75 | 7.25 |
Fixed deposit interest rates of HDFC Bank
Domestic / NRO / NRE Fixed Deposits
| Period | < 1 Crore | |
|---|---|---|
| Interest Rate (per annum) | **Senior Citizen Rates (per annum) | |
| 7 - 14 days | 3.50% | 4.00% |
| 15 - 29 days | 4.25% | 4.75% |
| 30 - 45 days | 5.75% | 6.25% |
| 46 - 60 days | 6.25% | 6.75% |
| 61 - 90 days | 6.25% | 6.75% |
| 91 days - 6 months | 6.25% | 6.75% |
| 6 mnths 1 day- 6 mnths 3 days | 6.35% | 6.85% |
| 6 mnths 4 days | 6.35% | 6.85% |
| 6 mnths 5 days- 9 mnths | 6.40% | 6.90% |
| 9 mnths 1 day- 9 mnths 3 days | 6.40% | 6.90% |
| 9 mnths 4 days | 6.40% | 6.90% |
| 9 months 5 days - 9 months 15 days | 6.40% | 6.90% |
| 9 months 16 days | 6.40% | 6.90% |
| 9 months 17 days < 1 Year | 6.40% | 6.90% |
| 1 Year | 6.85% | 7.35% |
| 1 year 1 day - 1 year 3 days | 6.65% | 7.15% |
| 1 year 4 days | 6.65% | 7.15% |
| 1 year 5 days - 1 Year 15 Days | 6.65% | 7.15% |
| 1 Year 16 days | 6.65% | 7.15% |
| 1 year 17 days - 2 Years | 7.00% | 7.50% |
| 2 years 1day - 2 Years 15 days | 7.00% | 7.50% |
| 2 Years 16 days | 7.00% | 7.50% |
| 2 years 17 days - 3 Years | 7.00% | 7.50% |
| 3 years 1day - 5 years | 7.00% | 7.50% |
| 5 Years 1 Day - 8 Years | 6.00% | 6.50% |
| 8 Years 1 Day - 10 Years | 6.00% | 6.50% |
Fixed deposit interest rates of ICICI Bank
Interest rates on Domestic, NRO & NRE deposits(Less than Rs 1 crore)
| Tenure Period | Rate of Interest (% p.a.) w.e.f June 07, 2018 | |
|---|---|---|
| General | Senior Citizen* | |
| 7 days to 14 days | 4 | 4.5 |
| 15 days to 29 days | 4.25 | 4.75 |
| 30 days to 45 days | 5.5 | 6 |
| 46 days to 60 days | 5.75 | 6.25 |
| 61 days to 90 days | 6 | 6.5 |
| 91 days to 120 days | 6 | 6.5 |
| 121 days to 184 days | 6 | 6.5 |
| 185 days to 289 days | 6.25 | 6.75 |
| 290 days to less than 1 year | 6.5 | 7 |
| 1 year to 389 days | 6.6 | 7.1 |
| 390 days to 2 years | 6.75 | 7.25 |
| 2 years 1 day upto 5 years | 7 | 7.5 |
| 5 years 1 day upto 10 years | 7 | 7.5 |
| 5 Years Tax saver FD(Max upto Rs. 1.50 lac) | 7 | 7.5 |
Fixed deposit interest rates of Bank of Baroda (BoB)
For Domestic & NRO fixed deposits [Per Annum] [Fresh & Renewal] [Callable] (ROI in %)
- Below Rs. One Crore
| Tenors | Below Rs 1 Cr. (w.e.f. 14.06.18) |
|---|---|
| 7 days to 14 days | 4.25 |
| 15 days to 45 days | 4.75 |
| 46 days to 90 days | 5 |
| 91 days to 180 days | 5.5 |
| 181 days to 270 days | 6.25 |
| 271 days & above and less than 1 year | 6.35 |
| 1 year | 6.6 |
| Above 1 year to 400 days | 6.7 |
| Above 400 days and upto 2 Years | 6.7 |
| Above 2 Years and upto 3 Years | 6.6 |
| Above 3 Years and upto 5 Years | 6.7 |
| Above 5 Years and upto 10 Years | 6.6 |
Fixed deposit interest rates of Federal Bank
Interest rates for Resident Fixed Deposits effective from 14-6-2018
| Period | Less than Rs.100 Lakhs |
|---|---|
| 7 days to 14 days | 3.50% |
| 15 days to 29 days | 4.50% |
| 30 days to 60 days | 5.00% |
| 61 days to 90 days | 5.70% |
| 91 days to 119 days | 6.00% |
| 120 days to less than 1 year | 6.50% |
| 1 year | 6.85% |
| Above 1 year to 15 Months | 7.30% |
| Above 15 months | 7.00% |
Post offices also offer fixed deposits.
Recurring deposit and savings bank accounts are also offered by all banks.
Small finance banks, in fact, offer higher interest rates on fixed deposits, recurring deposits and savings bank accounts.