Fixed deposits: Ever since the Reserve Bank of India hiked the repo rate, Indian banks have been continuously raising FD rates. For this reason, people are getting higher interest rates on FDs. If you are planning to invest in FD, this is the best opportunity for you. Check here how many interest rates are being offered on fixed deposits by top three banks of the country.
Fixed deposits: Ever since the Reserve Bank of India hiked the repo rate twice over the past year without bringing any change, Indian banks have been continuously raising FD rates. For this reason, people are getting very attractive interest rates on FDs. In such a situation, if you are planning to invest in FD, this is a great opportunity for you.
Find below the current interest rates on FDs of three major banks of the country namely
SBI, HDFC Bank and Axis Bank.
- 7 days to 45 days – 3.50 percent
- 46 days to 60 days – 4.00 percent
- FD 61 days to less than 3 months – 4.50 percent
- FD 3 months to less than 6 months – 4.75 percent FD
- less than 6 months to 9 months – 5.75 percent
- 9 months On FDs of up to one year – 6.00 per cent
- On FDs of one year to one year and four days – 6.75 per cent On
- FDs of one year to five days to less than 13 months – 6.80 per cent On
- FDs of 13 months to less than 2 years – 7.10 per cent On
- FDs of 2 years to less than 30 months – 7.05 30
- per cent -7.00 per cent on FDs of less than 10 years from months
Interest rate on SBI Bank FD
- 7 days to 45 days – 3.00 percent
- 46 days to 179 days – 4.50 percent
- 180 days to 210 days – 5.25 percent
- 211 days to one year – 5.75 percent
- FDs under one year to two years – 6.80 percent
- Two years to less than 3 years – 7.00 per cent
- FD from 3 years to 10 years – 6.50 per cent
Interest rate on HDFC Bank FD
- 7 days to 29 days – 3.00 percent
- 30 days to 45 days – 3.50 percent
- 46 days to 6 months – 4.50 percent
- 6 months 1 day to 9 months – 5.75 percent
- 9 months 1 day to 1 year – 6.00 percent
- 1 year to less than 15 months – 6.60 percent
- FD 15 months to less than 18 months – 7.10 percent
- 18 months 1 day to 4 years 7 months – 7.00 percent
- FD 4 years 7 months to 55 months -7.25 percent
- 5 years one day to 10 years – 7.00 percent