FD Interest Rates : To control inflation, the Reserve Bank of India has adopted a strict approach in monetary policy. Interest rates on loans are increasing in the country.
Banks have increased their interest rates on both deposits and loans. Recently, many banks including HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Axis Bank have increased FD interest rates. Here’s a comparison of the interest you get on deposits below Rs 2 crore from three banks – Axis, HDFC and ICICI Bank. Which bank is giving more interest on which FD?
New interest rates on FDs of Axis Bank
Days 7 to 14: 3.50 percent for the general public; 3.50 percent for senior citizens
15 days to 29 days: 3.50 percent for the general public; 3.50 percent for senior citizens
30 days to 45 days: 3.50 percent for the general public; 3.50 percent for senior citizens
46 days to 60 days: 3.50 percent for the general public; 3.50 percent for senior citizens
61 days to less than 3 months: 4.00 percent for the general public; 4.00 percent for senior citizens
3 months to less than 4 months: 4.25 percent for the general public; 4.25 percent for senior citizens
4 months to less than 5 months: 4.25 percent for the general public; 4.25 percent for senior citizens
5 months to less than 6 months: 4.25 percent for the general public; 4.25 percent for senior citizens
6 months to less than 7 months: 5.00 percent for the general public; 5.25 percent for senior citizens
7 months to less than 8 months: 5.00 percent for the general public; 5.25 percent for senior citizens
8 months to less than 9 months: 5.00 percent for the general public; 5.25 percent for senior citizens
9 months to less than 10 months: 5.00 percent for the general public; 5.25 percent for senior citizens
10 months to less than 11 months: 5.00 percent for general public; 5.25 percent for senior citizens
11 months to less than 11 months 25 days: 5.00 percent for the general public; 5.25 percent for senior citizens
11 months 25 days to less than 1 year: 5.00 percent for general public; 5.25 percent for senior citizens
1 year to less than 1 year 5 days: 6.10 percent for the general public; 5.85 percent for senior citizens
1 year 5 days to less than 1 year 11 days: 6.10 percent for general public; 5.85 percent for senior citizens
1 year 11 days to less than 1 year 25 days: 6.10 percent for general public; 5.85 percent for senior citizens
1 year 25 days to less than 13 months: 6.10 percent for general public; 5.85 percent for senior citizens
13 months to less than 14 months: 6.10 percent for the general public; 5.85 percent for senior citizens
14 months to less than 15 months: 6.10 percent for the general public; 5.85 percent for senior citizens
15 months to less than 16 months: 6.15 percent for the general public; 6.90 percent for senior citizens
16 months to less than 17 months: 6.15 percent for the general public; 6.90 percent for senior citizens
17 months to less than 18 months: 6.15 percent for the general public; 6.90 percent for senior citizens
18 months to less than 2 years: 6.15 percent for the general public; 6.90 percent for senior citizens
2 years to less than 30 months: 6.20 percent for the general public; 6.95 percent for senior citizens
30 months to less than 3 years: 6.20 percent for general public; 6.95 percent for senior citizens
3 years to less than 5 years: 6.10 percent for general public; 6.85 percent for senior citizens
5 years to 10 years: 6.10 percent for the general public; 6.85 percent for senior citizens
HDFC Bank’s new interest rates on FD:
7 days to 14 days: for general public – 3.00 percent; For Senior Citizen – 3.50 percent
15 days to 29 days: for general public – 3.00 percent; For Senior Citizen – 3.50 percent
30 days to 45 days: for general public – 3.50 percent; For Senior Citizen – 4.00 percent
46 days to 60 days: for general public – 3.50 percent; For Senior Citizen – 4.00 percent
61 days to 89 days: for general public – 4.00 percent; For Senior Citizen – 4.50 percent
90 days to 6 months: for general public – 4.25 percent; For Senior Citizen – 4.75 percent
6 months 1 day to 9 months: For general public – 5.00 percent; For Senior Citizen – 5.50 percent
9 months 1 day to less than 1 year: For general public – 5.00 percent; For Senior Citizen – 5.50 percent
1 year: for general public – 5.70 percent; For Senior Citizen – 6.20 percent
1 year 1 day to 2 years: for general public – 5.70 percent; For Senior Citizen – 6.20 percent
2 years 1 day to 3 years: for general public – 5.80 percent; For Senior Citizen – 6.30 percent
3 years 1 day to 5 years: for general public – 6.10 percent; For Senior Citizen – 6.60 percent
5 years 1 day to 10 years: for general public – 6.00 percent; For Senior Citizen – 6.75 percent
ICICI Bank FD interest rates:
7 days to 14 days: for general public – 3.00 percent; For Senior Citizen – 3.50 percent
15 days to 29 days: for general public – 3.00 percent; For Senior Citizen – 3.50 percent
30 days to 45 days: for general public – 3.50 percent; For Senior Citizen – 4.00 percent
46 days to 60 days: for general public – 3.50 percent; For Senior Citizen – 4.00 percent
61 days to 90 days: for general public – 3.50 percent; For Senior Citizen – 4.00 percent
91 days to 120 days: for general public – 4.25 percent; For Senior Citizen – 4.75 percent
121 days to 150 days: for general public – 4.25 percent; For Senior Citizen – 4.75 percent
151 days to 184 days: for general public – 4.25 percent; For Senior Citizen – 4.75 percent
185 days to 210 days: for general public – 4.90 percent; For Senior Citizen – 5.40 percent
211 days to 270 days: for general public – 4.90 percent; For Senior Citizen – 5.40 percent
271 days to 289 days: For general public – 4.90 percent; For Senior Citizen – 5.40 percent
290 days to less than 1 year: For general public – 4.90 percent; For Senior Citizen – 5.40 percent
1 year to 389 days: for general public – 5.70 percent; For Senior Citizen – 5.20 percent
390 days to less than 15 months: for general public – 5.70 percent; For Senior Citizen – 5.20 percent
15 months to less than 18 months: for general public – 5.70 percent; For Senior Citizen – 5.20 percent
18 months to 2 years: for general public – 5.70 percent; For Senior Citizen – 6.20 percent
2 years 1 day to 3 years: for general public – 5.80 percent; For Senior Citizen – 6.30 percent
3 years 1 day to 5 years: for general public – 6.10 percent; For Senior Citizen – 6.60 percent
5 years 1 day to 10 years: for general public – 6.00 percent; For Senior Citizen – 6.60 percent.
