Almost all banks have increased the interest rate on Fixed Deposit (FD) for their customers. In such a situation, now those investing in fixed deposits are also getting the benefit of higher returns than before. Because of which now FD can prove to be a much better investment option in terms of good returns. In such a situation, you should also check the FD rates of different banks. So that you can understand where you are getting the most benefit by depositing money. Let us see the comparison between HDFC Bank, Axis Bank and State Bank of India (SBI) FD rates
During the last few months, almost all the banks in the country have increased the interest rate on Fixed Deposit (FD) for their customers. In such a situation, now those investing in fixed deposits are also getting the benefit of higher returns than before. Because of which now FD can prove to be a much better investment option in terms of good returns. In such a situation, you should also check the FD rates of different banks. So that you can understand where you are getting the most benefit by depositing money. Let us compare the FD rates of HDFC Bank, Axis Bank and State Bank of India (SBI) to see where we are getting the best returns.
HDFC Bank
For FDs of 7 days to 14 days and 15 days to 29 days, an interest rate of 3.00 per cent is being offered to general customers and 3.50 per cent to senior citizens. On the other hand, on FDs of 30 days to 45 days, 61 days to 89 days and 90 days to 6 months, an interest rate of 4.50 per cent is being offered to general customers and 5 per cent to senior citizens. On FDs of 6 months to 9 months, common customers are getting interest at 5.75 per cent and senior citizens at 6.25 per cent. On FDs ranging from 9 months to less than 1 year, general customers are getting the benefit of interest rate of 6 per cent and senior citizens at 6.50 per cent. On FDs ranging from 1 year to 15 months, common customers are getting interest at 6.60 per cent and senior citizens at 7.10 per cent. On FDs ranging from 15 months to 19 months, the general public is getting the benefit of interest at 7.10 per cent and senior citizens at 7.60 per cent. From 18 months to 21 months, from 21 months to 2 years, from 2 years 11 months to 3 years and from 3 years to 4 years seven months, 7 percent to general customers and 7.50 to senior citizens The benefit of interest is being received according to the percentage. On FDs ranging from 5 years to 10 years, customers are also getting the benefit of interest at 7 per cent and senior citizens at 7.50 per cent.
Axis Bank
For FDs of 7 days to 14 days, 15 days to 29 days and 30 days to 45 days, interest rate of 3.50 per cent is being offered to both general customers and senior citizens. At the same time, interest rate of 4 percent is being offered to both general customers and senior citizens on FDs of 46 days to 60 days. The bank is offering interest at 4.75 per cent on FDs from 3 months to 4 months, 4 months to 5 months and 5 months to 6 months. On FDs of 6 months to 7 months, 7 months to 8 months and 9 months to 10 months, this bank is offering interest at 5.75 per cent to general customers and 6 per cent to senior citizens. On FDs from 9 months to 10 months, from 10 months to 11 months, from 11 months to 11 months 25 days and from 11 months 25 days to 1 year, this bank offers 6 percent and senior FDs to general customers. Is offering an interest rate of up to 6.25 percent to citizens. On FDs from 1 year to 1 year 4 days, this bank is offering interest at 6.75 per cent to general customers and 7.50 per cent to senior citizens. On FDs ranging from 1 year 5 days to 1 year 11 days, general customers are getting the benefit of interest at 6.80 per cent and senior citizens at 7.55 per cent. At the same time, now this bank is giving interest benefit of 7% to general customers and 7.75% to senior citizens on FDs of 30 months, 3 years, 3 years to 5 years and 5 years to 10k.
SBI interest rate
SBI is paying 3% interest to general customers and 3.50% to senior citizens on FDs ranging from 7 days to 45 days. On the other hand, on FDs of 46 days to 179 days, this bank is giving the benefit of interest at the rate of 4.50 per cent to general customers and 5 per cent to senior citizens. On FDs of 180 days to 210 days, the bank is offering returns of 5.25 per cent to general customers and 5.75 per cent to senior citizens. On FDs ranging from 211 days to less than 1 year, this bank is offering interest at 5.75 per cent to general customers and 6.25 per cent to senior citizens. On FDs ranging from 1 year to 2 years, this bank is offering interest at 5.75 per cent to general customers and 6.25 per cent to senior citizens. SBI is paying interest at 6.80 per cent to general customers and 7.30 per cent to senior citizens on FDs of 1 year to 2 years. On FDs of 2 years to 3 years, this bank is giving interest of 7% to general customers and 7.50% to senior citizens. On FDs ranging from 3 years to 5 years, this bank is giving returns of 6.50 per cent to common citizens and 7 per cent to senior citizens. While on FDs ranging from 5 years to 10 years, common customers are getting interest at 6.50 percent and senior citizens at 7.50 percent.
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