Know your bank FD return: From SBI, ICICI Bank to HDFC Bank, top lenders offer these FD interest rates now
Bank FD interest rates: State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB) and a bunch of top lenders in the country pay FD interest rates offered to the tune of 3-7.75 per cent on domestic fixed deposits of up to Rs 2 crore.
Bank FD interest rates: SBI, ICICI Bank, HDFC Bank and a bunch of top lenders in the county pay FD interest rates to the tune of 3-7.75 per cent to the general public and slightly better FD interest rates to senior citizens. | Image: Reuters
Bank fixed deposit (FD) interest rates: Do you know the exact return you are getting on your fixed deposit (FD) at this very moment? Some of the biggest commercial banks in the country — including the likes of SBI, Punjab National Bank (PNB), HDFC Bank and ICICI Bank — currently offer FD interest rates to the tune of 3-7.75 per cent on domestic fixed deposits — also known as term deposits — up to Rs 2 crore. All of these lenders pay slightly better returns to senior citizen depositors in select maturities.
Here's a lowdown on the latest FD interest rates:
SBI interest rate on FD
| SBI FD term (maturity period) | SBI interest rate with effect from February 15, 2023 | |
| General public | Senior citizen | |
| 7 days to 45 days | 3% | 3.5% |
| 46 days to 179 days | 4.5% | 5% |
| 180 days to 210 days | 5.25% | 5.75% |
| 211 days to less than 1 year | 5.75% | 6.25% |
| 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 | 6.5% | 7% |
| 5 years and up to 10 years | 6.5% | 7.50%* |
| *Including additional premium of 50 bps under "SBI We-care" deposit scheme |
||
| Source: SBI website | ||
ICICI Bank FD interest rate
| ICICI Bank FD maturity period | FD interest rate with effect from February 24, 2023 | |
| General public | Senior citizen | |
| 7 days to 14 days | 3.00% | 3.50% |
| 15 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 60 days | 4.25% | 4.75% |
| 61 days to 90 days | 4.50% | 5.00% |
| 91 days to 120 days | 4.75% | 5.25% |
| 121 days to 150 days | 4.75% | 5.25% |
| 151 days to 184 days | 4.75% | 5.25% |
| 185 days to 210 days | 5.75% | 6.25% |
| 211 days to 270 days | 5.75% | 6.25% |
| 271 days to 289 days | 6.00% | 6.50% |
| 290 days to less than 1 year | 6.00% | 6.50% |
| 1 year to 389 days | 6.70% | 7.20% |
| 390 days to < 15 months | 6.70% | 7.20% |
| 15 months to < 18 months | 7.10% | 7.60% |
| 18 months to 2 years | 7.10% | 7.60% |
| 2 years 1 day to 3 years | 7.00% | 7.50% |
| 3 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 6.90% | 7.50% |
| Source: ICICI Bank website | ||
Punjab National Bank (PNB) FD interest rate
| Punjab National Bank FD maturity period | FD interest rate with effect from February 20, 2023 | |
| General public | Senior citizen | |
| 7 to 14 days | 3.5% | 4% |
| 15 to 29days | 3.5% | 4% |
| 30 to 45 days | 3.5% | 4% |
| 46 to 90 days | 4.5% | 5% |
| 91 to 179 days | 4.5% | 5% |
| 180 days to 270 days | 5.5% | 6% |
| 271 days to less than 1 year | 5.8% | 6.3% |
| 1 year | 6.8% | 7.3% |
| Above 1 year to 665 days | 6.8% | 7.3% |
| 666 days | 7.25% | 7.75% |
| 667 days to 2 years | 6.8% | 7.3% |
| Above 2 year & up to 3 years | 7% | 7.5% |
| above 3 year & up to 5 years | 6.5% | 7% |
| above 5 years & up to 10 years | 6.5% | 7.3% |
| Source: PNB website | ||
HDFC Bank FD interest rate
| HDFC Bank FD maturity period | FD interest rate with effect from February 21, 2023 | |
| General public | Senior citizen | |
|
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 mnths 1 days <= 9 mnths | 5.75% | 6.25% |
| 9 mnths 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 | 7.00% | 7.50% |
| 21 months - 2 years | 7.00% | 7.50% |
| 2 years 1 day - 3 years | 7.00% | 7.50% |
| 3 year 1 day to - 5 years | 7.00% | 7.50% |
| 5 year 1 day - 10 years | 7.00% |
7.75%* |
| *An additional premium of 0.25% (over and above the existing premium of 0.5 per cent) for senior citizens booking a fixed deposit during the special deposit offer from May 18, 2020 to March 31, 2023 | ||
| Source: HDFC Bank website | ||
Axis Bank FD interest rate
| Axis Bank FD maturity period | FD interest rate with effect from March 10, 2023 | |
| General public | Senior citizen | |
| 7 days to 14 days | 3.5% | 3.5% |
| 15 days to 29 days | 3.5% | 3.5% |
| 30 days to 45 days | 3.5% | 3.5% |
| 46 days to 60 days | 4% | 4% |
| 61 days < 3 months | 4.5% | 4.5% |
| 3 months < 4 months | 4.75% | 4.75% |
| 4 months < 5 months | 4.75% | 4.75% |
| 5 months < 6 months | 4.75% | 4.75% |
| 6 months < 7 months | 5.75% | 6% |
| 7 months < 8 months | 5.75% | 6% |
| 8 months < 9 months | 5.75% | 6% |
| 9 months < 10 months | 6% | 6.25% |
| 10 months < 11 months | 6% | 6.25% |
| 11 months to 11 months 24 days | 6% | 6.25% |
| 11 months 25 days < 1 year | 6% | 6.25% |
| 1 year to 1 year 4 days | 6.75% | 7.5% |
| 1 year 5 days to 1 year 10 days | 6.75% | 7.5% |
| 1 year 11 days to 1 year 24 days | 6.75% | 7.5% |
| 1 year 25 days < 13 months | 7.1% | 7.85% |
| 13 months < 14 months | 7.15% | 7.9% |
| 14 months < 15 months | 7.15% | 7.9% |
| 15 months < 16 months | 7.15% | 7.9% |
| 16 months < 17 months | 7.15% | 7.9% |
| 17 months < 18 months | 7.15% | 7.9% |
| 18 Months < 2 years | 7.15% | 7.9% |
| 2 years < 30 months | 7.26% | 8.01% |
| 30 months < 3 years | 7% | 7.75% |
| 3 years < 5 years | 7% | 7.75% |
| 5 years to 10 years | 7% | 7.75% |
| Source: Axis Bank website | ||
Bank FD: Special rates for senior citizens
Currently, these lenders offers interest rates to the tune of 3.5-8.01 per cent to senior citizens, as against 3-7.1 per cent to the general public.
The benchmark interest rates are next due for a review next month when the RBI's rate-deciding panel, the MPC, meets from April 6 to April 8.
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Written By: ZeeBiz WebTeam
Updated: Thu, Mar 30, 2023
10:18 PM IST
10:18 PM IST
New Delhi, ZeeBiz WebDesk
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