HDFC Bank Vs ICICI Bank Vs Axis Bank FD Rates: Even though there are talks of rate cuts this year, FD investments have come back into focus. Here is a comparison of interest rates on FDs of less than Rs 3 crore from three large private sector banks Axis Bank, HDFC Bank and ICICI Bank as on July 16, 2024
HDFC Bank Vs ICICI Bank Vs Axis Bank FD Rates: Even though there are talks of rate cuts this year, FD investments have come back into focus. Here is a comparison of interest rates on FDs of less than Rs 3 crore of three big private sector banks Axis Bank, HDFC Bank and ICICI Bank till July 16, 2024. HDFC Bank is offering interest up to 7.75 per cent, ICICI Bank 7.75 per cent per annum and Axis Bank 7.85 per cent per annum.
HDFC Bank interest rates on FD of Rs 3 crore
7 days to 14 days: For general public – 3.00 per cent; For senior citizens – 3.50 per cent
15 days to 29 days: For general public – 3.00 per cent; For senior citizens – 3.50 per cent
30 days to 45 days: General public – 3.50 per cent; Senior citizens – 4.00 per cent
46 days to 60 days: General public – 4.50 per cent; Senior citizens – 5.00 per cent
61 days to 89 days: General public – 4.50 per cent; Senior citizens – 5.00 per cent
90 days to 6 months: General public – 4.50 per cent; Senior citizens – 5.00 per cent
6 months 1 day to less than 9 months: General public – 5.75 per cent; Senior citizens – 6.25 per cent
9 months 1 day to less than 1 year: General public – 6.00 per cent; Senior citizens – 6.50 per cent
1 year to less than 15 months: General public – 6.60 per cent; For Senior Citizens – 7.10 percent
15 months to less than 18 months: For General Public – 7.10 percent; For Senior Citizens – 7.50 percent
18 months to less than 21 months: For General Public – 7.25 percent; For Senior Citizens – 7.75 percent
21 months to 2 years: For General Public – 7.00 percent; For Senior Citizens – 7.50 percent
2 years 1 day to less than 2 years 11 months: For General Public – 7.00 percent; For Senior Citizens – 7.50 percent
2 years 11 months to 35 months: For General Public – 7.15 percent; For Senior Citizens – 7.65 percent
2 years 11 months 1 day to less than or equal to 3 years: For General Public – 7.00 percent; For Senior Citizens – 7.50 percent
3 years 1 day to less than 4 years 7 months: General public – 7.00 per cent; Senior citizens – 7.50 per cent
4 years 7 months to 55 months: General public – 7.20 per cent; Senior citizens – 7.70 per cent
4 years 7 months 1 day to less than or equal to 5 years: General public – 7.00 per cent; Senior citizens – 7.50 per cent
5 years 1 day to 10 years: General public – 7.00 per cent; Senior citizens – 7.50 per cent.
ICICI Bank interest rates on FD deposits less than Rs 3 crore:
7 days to 29 days: General public – 3.00 per cent; Senior citizens – 3.50 per cent
30 days to 45 days: General public – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 60 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
61 days to 90 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
91 days to 184 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
185 days to 270 days: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
271 days to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
1 year to less than 15 months: For General Public – 6.70 per cent; For senior citizens – 7.20 per cent
15 months to less than 18 months: For general public – 7.20 per cent; For senior citizens – 7.75 per cent
18 months to 2 years: For general public – 7.20 per cent; For senior citizens – 7.70 per cent
2 years 1 day to 5 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
5 years 1 day to 10 years: For general public – 6.90 per cent; For senior citizens – 7.40 per cent
5 years (Tax Saver FD): For general public – 7.00 per cent; For senior citizens – 7.50 per cent.
Axis Bank FD interest rates (deposits less than Rs 3 crore):
7 days to 14 days: For general public – 3.00 per cent; For senior citizens – 3.50 per cent
15 days to 29 days: For general public – 3.00 per cent; For senior citizens – 3.50 per cent
30 days to 45 days: For general public – 3.50 per cent; For senior citizens – 4.00 per cent
46 days to 60 days: For general public – 4.25 per cent; For senior citizens – 4.75 per cent
61 days to less than 3 months: For general public – 4.50 per cent; For senior citizens – 5.00 per cent
3 months to 3 months 24 days: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
3 months 25 days to less than 4 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
4 months to less than 5 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
5 months to less than 6 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
6 months to less than 7 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
7 months to less than 8 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
8 months to less than 9 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
9 months to 10 months: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
10 months to less than 11 months: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
11 months to 11 months 24 days: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
11 months 25 days to less than 1 year: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
1 year to 1 year 4 days: For general public – 6.70 per cent; For senior citizens – 7.20 per cent
1 year 5 days to 1 year 10 days: For general public – 6.70 per cent; For senior citizens – 7.20 percent
1 year 11 days to 1 year 24 days: For general public – 6.70 percent; For senior citizens – 7.20 percent
1 year 25 days to less than 13 months: For general public – 6.70 percent; For senior citizens – 7.20 percent
13 months to less than 14 months: For general public – 6.70 percent; For senior citizens – 7.20 percent
14 months to less than 15 months: For general public – 6.70 percent; For senior citizens – 7.20 percent
15 months to less than 16 months: For general public – 7.10 percent; For senior citizens – 7.60 percent
16 months to less than 17 months: General public – 7.10 per cent; Senior citizens – 7.60 per cent
17 months to less than 18 months: General public – 7.20 per cent; Senior citizens – 7.85 per cent
18 months to less than 2 years: General public – 7.10 per cent; Senior citizens – 7.60 per cent
2 years to 30 months: General public – 7.10 per cent; Senior citizens – 7.60 per cent
30 months to less than 3 years: General public – 7.10 per cent; Senior citizens – 7.60 per cent
3 years to less than 5 years: General public – 7.10 per cent; Senior citizens – 7.60 per cent
5 years to less than 10 years: General public – 7.00 per cent; For senior citizens – 7.75 per cent.
The Reserve Bank of India has recently increased the definition of retail FD to Rs 3 crore from the earlier Rs 2 crore.
