HDFC Bank vs ICICI Bank vs Axis Bank FD Rates: Which will offer highest returns on a Rs 1,00,000 investment after 1 year

Compare HDFC, ICICI, and Axis Bank FD rates for a Rs 1,00,000 investment. Discover which bank offers the highest returns after one year and make an informed, secure investment decision.

ZeeBiz WebTeam | Oct 10, 2024, 03:08 PM IST
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Fixed Deposits (FDs) are a trusted investment option for those seeking guaranteed returns. If you're planning to invest Rs 1,00,000 in an FD, comparing interest rates is crucial to maximise your returns. In this article, we compare the 1-year FD interest rates of HDFC Bank, ICICI Bank, and Axis Bank. Find out which bank offers the highest returns and which additional features make these FDs worth considering for your financial goals. Start securing your savings today with the best FD options.

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Overview of Fixed Deposits (FD)

Overview of Fixed Deposits (FD)

  • Fixed Deposits (FDs) remain a popular and secure investment choice across generations.

  • Ideal for risk-averse investors looking for guaranteed returns.
  • Flexible investment amounts and tenure options available.

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HDFC Bank FD Rates and Returns

HDFC Bank FD Rates and Returns

  • Interest Rate: 6.6%

  • Invested Amount: Rs 1,00,000
  • Estimated Returns: Rs 6,765
  • Total Value After 1 Year: Rs 1,06,765
  • Additional Features: Sweep-in and overdraft facilities.

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Features

Features

  • ​Tax Deducted at Source (TDS) applicable as per Income Tax Laws.

  • Senior Citizen rates apply only to domestic term deposits.

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ICICI Bank FD Rates and Returns

ICICI Bank FD Rates and Returns

  • Interest Rate: 6.7%

  • Invested Amount: Rs 1,00,000
  • Estimated Returns: Rs 6,870
  • Total Value After 1 Year: Rs 1,06,870

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Features

Features

  • Interest rates are subject to change.
  • TDS applicable as per Income Tax Laws.
  • Senior Citizen rates apply to domestic term deposits only.

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Axis Bank FD Rates and Returns

Axis Bank FD Rates and Returns

  • Interest Rate: 6.7%

  • Invested Amount: Rs 1,00,000
  • Estimated Returns: Rs 6,870
  • Total Value After 1 Year: Rs 1,06,870

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Features

Features

  • FD interest rates vary with tenure and investment amount.

  • Interest payouts can be made at regular intervals or at maturity.

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