HDFC vs SBI vs ICICI Bank: Interest rates are a major factor in determining returns when investing in Fixed Deposits (FDs). With effect from June 10, 2024, HDFC Bank has updated their FD rates for deposits under Rs 2 crore. To assist you in making an educated choice, we have compared the new HDFC Bank FD interest rates with those of ICICI Bank and State Bank of India (SBI) in this article.
Revised HDFC Bank FD Interest Rates
HDFC Bank offers a range of interest rates from 3% to 7.25% for general citizens, depending on the tenure. Here’s a detailed look:
- 7 to 29 days: 3.00%
- 30 to 45 days: 3.50%
- 46 days to less than 6 months: 4.50%
- 6 months 1 day to less than 9 months: 5.75%
- 9 months 1 day to less than 1 year: 6.00%
- 1 year to less than 15 months: 6.60%
- 15 months to less than 18 months: 7.10%
- 18 months to less than 21 months: 7.25%
- 21 months to less than 2 years 11 months: 7.00%
- 2 years 11 months to less than 3 years: 7.15%
- 3 years 1 day to less than 4 years 7 months: 7.20%
- 4 years 7 months 1 day to less than 5 years: 7.20%
- 5 years 1 day to 10 years: 7.00%
For senior citizens, HDFC Bank offers interest rates between 3.5% and 7.75%, with the highest rate being 7.75% for tenures of 18 months to less than 21 months.
SBI FD Interest Rates
SBI has also revised its FD rates, which now range from 4.75% to 7.10% for general citizens:
- 46 days to 179 days: 5.50%
- 180 days to 210 days: 6.00%
- 211 days to less than 1 year: 6.25%
- 1 year to less than 2 years: 6.75%
- 2 years to less than 3 years: 7.00%
- 3 years to less than 5 years: 7.00%
- 5 years to 10 years: 7.10%
For senior citizens, the interest rates range from 5.25% to 7.10%, with the highest rate unchanged at 7.10%.
ICICI Bank FD Interest Rates
ICICI Bank offers interest rates between 3% and 7.20% for general citizens:
- 7 days to 29 days: 3.00%
- 30 days to 45 days: 3.50%
- 46 days to 6 months: 4.75%
- 6 months to 1 year: 5.75%
- 1 year to less than 15 months: 6.60%
- 15 months to less than 2 years: 7.20%
- 2 years to less than 3 years: 7.00%
- 3 years to 10 years: 7.00%
For senior citizens, the rates range from 3.50% to 7.75%, with the highest rate of 7.75% offered for tenures of 15 months to less than 2 years.
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