Fixed deposits (FDs) are fixed-income investments that provide assured returns for a pre-defined duration of lock-in, and also FDs are often referred to as term deposits (TDs). Public and private sector banks, small finance banks, as well as non-banking finance companies provide these products. Lenders give retail consumers a variety of maturity options for configuring fixed deposits, ranging from seven days to 10 years. The rates of interest offered on FDs, which often differ from lenders to lenders, are subject to change from time to time. Compared to the general public, senior citizens typically get a higher rate of interest on fixed deposits. Hence, below are the three largest commercial banks of India that are currently providing higher interest rate up to 5.5 per cent to the general public and 6.30% to senior citizens on their FDs for a deposit amount of less than Rs 2 Cr.
SBI FD Rates
| Maturity period | ROI per annum for the general public | ROI per annum for senior citizens |
| 7 days to 45 days | 2.9 | 3.4 |
| 46 days to 179 days | 3.9 | 4.4 |
| 180 days to 210 days | 4.4 | 4.9 |
| 211 days to less than 1 year | 4.4 | 4.9 |
| 1 year to less than 2 year | 4.9 | 5.4 |
| 2 years to less than 3 years | 5.1 | 5.6 |
| 3 years to less than 5 years | 5.3 | 5.8 |
| 5 years and up to 10 years | 5.4 | 6.2 |
HDFC FD Rates
| Maturity period | ROI per annum for the general public | ROI per annum for senior citizens |
| 7 – 14 days | 2.50% | 3.00% |
| 15 – 29 days | 2.50% | 3.00% |
| 30 – 45 days | 3.00% | 3.50% |
| 46 – 60 days | 3.00% | 3.50% |
| 61 – 90 days | 3.00% | 3.50% |
| 91 days – 6 months | 3.50% | 4.00% |
| 6 months 1 day – 9 months | 4.40% | 4.90% |
| 9 months 1 day < 1 Year | 4.40% | 4.90% |
| 1 Year | 4.90% | 5.40% |
| 1 year 1 day – 2 years | 4.90% | 5.40% |
| 2 years 1 day – 3 years | 5.15% | 5.65% |
| 3 year 1 day- 5 years | 5.30% | 5.80% |
| 5 years 1 day – 10 years | 5.50% | 6.25% |
ICICI Bank FD Rates
| Maturity period | ROI per annum for the general public | ROI per annum for senior citizens |
| 7 days to 14 days | 2.50% | 3.00% |
| 15 days to 29 days | 2.50% | 3.00% |
| 30 days to 45 days | 3.00% | 3.50% |
| 46 days to 60 days | 3.00% | 3.50% |
| 61 days to 90 days | 3.00% | 3.50% |
| 91 days to 120 days | 3.50% | 4.00% |
| 121 days to 184 days | 3.50% | 4.00% |
| 185 days to 210 days | 4.40% | 4.90% |
| 211 days to 270 days | 4.40% | 4.90% |
| 271 days to 289 days | 4.40% | 4.90% |
| 290 days to less than 1 year | 4.40% | 4.90% |
| 1 year to 389 days | 4.90% | 5.40% |
| 390 days to < 18 months | 4.90% | 5.40% |
| 18 months to 2 years | 5.00% | 5.50% |
| 2 years 1 day to 3 years | 5.15% | 5.65% |
| 3 years 1 day to 5 years | 5.35% | 5.85% |
| 5 years 1 day to 10 years | 5.50% | 6.30% |
| 5 Years (80C FD) – Max to Rs 1.50 lac | 5.35% | 5.85% |
