Fixed Deposit Schemes are one such investment in which a large number of people invest their money. The main reason for this is the security of returns. For this reason, State Bank of India, ICICI Bank, HDFC Bank and Axis Bank are offering different options to attract customers towards fixed deposits. All these banks are offering FD plans from 7 days to 10 years.
Let us understand which bank would be beneficial for you to invest in.
SBI FD Rates
State Bank of India is offering interest ranging from 2.9% to 5.9% on FDs from 7 days to 10 years. Senior citizens get an additional 50 basis points
7 days to 45 days – 2.9%
46 days to 179 days – 3.9%
180 days to 210 days – 4.4%
211 days or more but less than 1 year – 4.4%
1 year or more Less than two years – 5%
2 years or more but less than 3 years – 5.1%
3 years or more but less than 5 years – 5.3%
5 years or more but less than 10 years – 5.4%
HDFC Bank Fixed Deposit Rates (Below Rs.2 Crore)
7 to 14 days- 2.50%
15 to 29 days- 2.50%
30 to 45 days- 3%
46 to 60 days – 3%
61 to 90 days – 3%
91 to 6 months – 3.5%
6 Months One Day to 9 Months – 4.4%
9 months to 1 day but less than 1 year 4.4%
1 year – 4.9%
1 year a day – up to 2 years – 4.9%
2 years 1 day to 3 years – 5.15%
3 years 1 day to 5 years – 5.30%
5 years 1 day to 10 years – 5.50%
ICICI Bank Fixed Deposit Rates (Below Rs.2 Crore)
7-14 days 2.50%
15-29 days 2.50%
30-45 days 3%
46-60 days 3%
61 -90 3%
91 days – 6 months 3.5%
6 Months 1 Day to 9 Months 4.4%
9 month one
1 year 4.9%
1 year 1 day – 2 years 4.9%
2 years 1 day – 3 years 5.15 %
3 years 1 day – 5 years 5.30%
5 years 1 day 10 years 5.50%
Axis Bank Fixed Deposit Rates (Below Rs.2 Crore)
7 to 14 days – 2.50%
15 to 29 days- 2.50%
30 to 45 days- 3%
46 to 60 days – 3%
61 to 89 days – 3%
3 months and above but less than 6% months – 3.50%
6 months and above but less than 1 year – 4.40%
1 year < 1 year five days – 5.10%
1 year 5 days < 1 year 11 days – 5.15%
1 year 25 days < 18 months – 5.10
18 months < 2 years – 5.25%
2 years < 30 months – 5.40%
3 years < 5 years – 5.40%
5 years to 10 years – 5.75%
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