Know your bank FD return: From SBI, ICICI Bank to HDFC Bank, top lenders offer these FD interest rates now
Bank FD interest rates: State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB) and a bunch of top lenders in the country pay FD interest rates offered to the tune of 3-7.75 per cent on domestic fixed deposits of up to Rs 2 crore.
)
Bank FD interest rates: SBI, ICICI Bank, HDFC Bank and a bunch of top lenders in the county pay FD interest rates to the tune of 3-7.75 per cent to the general public and slightly better FD interest rates to senior citizens. | Image: Reuters
Written By: ZeeBiz WebTeam
Updated: Thu, Mar 30, 2023
10:18 PM IST
10:18 PM IST
New Delhi, ZeeBiz WebDesk
Bank fixed deposit (FD) interest rates: Do you know the exact return you are getting on your fixed deposit (FD) at this very moment? Some of the biggest commercial banks in the country — including the likes of SBI, Punjab National Bank (PNB), HDFC Bank and ICICI Bank — currently offer FD interest rates to the tune of 3-7.75 per cent on domestic fixed deposits — also known as term deposits — up to Rs 2 crore. All of these lenders pay slightly better returns to senior citizen depositors in select maturities.
Here's a lowdown on the latest FD interest rates:
SBI interest rate on FD
| SBI FD term (maturity period) | SBI interest rate with effect from February 15, 2023 | |
| General public | Senior citizen | |
| 7 days to 45 days | 3% | 3.5% |
| 46 days to 179 days | 4.5% | 5% |
| 180 days to 210 days | 5.25% | 5.75% |
| 211 days to less than 1 year | 5.75% | 6.25% |
| 1 Year to less than 2 years | 6.8% | 7.3% |
| 2 years to less than 3 years | 7% | 7.5% |
| 3 years to less than 5 years | 6.5% | 7% |
| 5 years and up to 10 years | 6.5% | 7.50%* |
| *Including additional premium of 50 bps under "SBI We-care" deposit scheme |
||
| Source: SBI website | ||
ICICI Bank FD interest rate
| ICICI Bank FD maturity period | FD interest rate with effect from February 24, 2023 | |
| General public | Senior citizen | |
| 7 days to 14 days | 3.00% | 3.50% |
| 15 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.50% | 4.00% |
| 46 days to 60 days | 4.25% | 4.75% |
| 61 days to 90 days | 4.50% | 5.00% |
| 91 days to 120 days | 4.75% | 5.25% |
| 121 days to 150 days | 4.75% | 5.25% |
| 151 days to 184 days | 4.75% | 5.25% |
| 185 days to 210 days | 5.75% | 6.25% |
| 211 days to 270 days | 5.75% | 6.25% |
| 271 days to 289 days | 6.00% | 6.50% |
| 290 days to less than 1 year | 6.00% | 6.50% |
| 1 year to 389 days | 6.70% | 7.20% |
| 390 days to < 15 months | 6.70% | 7.20% |
| 15 months to < 18 months | 7.10% | 7.60% |
| 18 months to 2 years | 7.10% | 7.60% |
| 2 years 1 day to 3 years | 7.00% | 7.50% |
| 3 years 1 day to 5 years | 7.00% | 7.50% |
| 5 years 1 day to 10 years | 6.90% | 7.50% |
| Source: ICICI Bank website | ||
Punjab National Bank (PNB) FD interest rate
| Punjab National Bank FD maturity period | FD interest rate with effect from February 20, 2023 | |
| General public | Senior citizen | |
| 7 to 14 days | 3.5% | 4% |
| 15 to 29days | 3.5% | 4% |
| 30 to 45 days | 3.5% | 4% |
| 46 to 90 days | 4.5% | 5% |
| 91 to 179 days | 4.5% | 5% |
| 180 days to 270 days | 5.5% | 6% |
| 271 days to less than 1 year | 5.8% | 6.3% |
| 1 year | 6.8% | 7.3% |
| Above 1 year to 665 days | 6.8% | 7.3% |
| 666 days | 7.25% | 7.75% |
| 667 days to 2 years | 6.8% | 7.3% |
| Above 2 year & up to 3 years | 7% | 7.5% |
| above 3 year & up to 5 years | 6.5% | 7% |
| above 5 years & up to 10 years | 6.5% | 7.3% |
| Source: PNB website | ||
HDFC Bank FD interest rate
| HDFC Bank FD maturity period | FD interest rate with effect from February 21, 2023 | |
| General public | Senior citizen | |
|
7 - 14 days
|
3.00% | 3.50% |
| 15 - 29 days | 3.00% | 3.50% |
| 30 - 45 days | 3.50% | 4.00% |
| 46 - 60 days | 4.50% | 5.00% |
| 61 - 89 days | 4.50% | 5.00% |
| 90 days < = 6 months | 4.50% | 5.00% |
| 6 mnths 1 days <= 9 mnths | 5.75% | 6.25% |
| 9 mnths 1 day to < 1 year | 6.00% | 6.50% |
| 1 year to < 15 months | 6.60% | 7.10% |
| 15 months to < 18 months | 7.10% | 7.60% |
| 18 months to < 21 months | 7.00% | 7.50% |
| 21 months - 2 years | 7.00% | 7.50% |
| 2 years 1 day - 3 years | 7.00% | 7.50% |
| 3 year 1 day to - 5 years | 7.00% | 7.50% |
| 5 year 1 day - 10 years | 7.00% |
7.75%* |
| *An additional premium of 0.25% (over and above the existing premium of 0.5 per cent) for senior citizens booking a fixed deposit during the special deposit offer from May 18, 2020 to March 31, 2023 | ||
| Source: HDFC Bank website | ||
Axis Bank FD interest rate
| Axis Bank FD maturity period | FD interest rate with effect from March 10, 2023 | |
| General public | Senior citizen | |
| 7 days to 14 days | 3.5% | 3.5% |
| 15 days to 29 days | 3.5% | 3.5% |
| 30 days to 45 days | 3.5% | 3.5% |
| 46 days to 60 days | 4% | 4% |
| 61 days < 3 months | 4.5% | 4.5% |
| 3 months < 4 months | 4.75% | 4.75% |
| 4 months < 5 months | 4.75% | 4.75% |
| 5 months < 6 months | 4.75% | 4.75% |
| 6 months < 7 months | 5.75% | 6% |
| 7 months < 8 months | 5.75% | 6% |
| 8 months < 9 months | 5.75% | 6% |
| 9 months < 10 months | 6% | 6.25% |
| 10 months < 11 months | 6% | 6.25% |
| 11 months to 11 months 24 days | 6% | 6.25% |
| 11 months 25 days < 1 year | 6% | 6.25% |
| 1 year to 1 year 4 days | 6.75% | 7.5% |
| 1 year 5 days to 1 year 10 days | 6.75% | 7.5% |
| 1 year 11 days to 1 year 24 days | 6.75% | 7.5% |
| 1 year 25 days < 13 months | 7.1% | 7.85% |
| 13 months < 14 months | 7.15% | 7.9% |
| 14 months < 15 months | 7.15% | 7.9% |
| 15 months < 16 months | 7.15% | 7.9% |
| 16 months < 17 months | 7.15% | 7.9% |
| 17 months < 18 months | 7.15% | 7.9% |
| 18 Months < 2 years | 7.15% | 7.9% |
| 2 years < 30 months | 7.26% | 8.01% |
| 30 months < 3 years | 7% | 7.75% |
| 3 years < 5 years | 7% | 7.75% |
| 5 years to 10 years | 7% | 7.75% |
| Source: Axis Bank website | ||
Bank FD: Special rates for senior citizens
Currently, these lenders offers interest rates to the tune of 3.5-8.01 per cent to senior citizens, as against 3-7.1 per cent to the general public.
The benchmark interest rates are next due for a review next month when the RBI's rate-deciding panel, the MPC, meets from April 6 to April 8.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
RELATED NEWS
PNB 400-day FD vs BoB 400-day FD: Know your maturity amount on Rs 2 lakh, Rs 4 lakh and Rs 6 lakh investments
SBI FD Rates: See how fast Rs 50,000, Rs 75,000, Rs 1 lakh fixed deposits grow at SBI across maturities (with examples)
Know FD interest rates that SBI, PNB, Bank of Baroda, HDFC Bank, and ICICI Bank are offering
Fixed Deposit: Get up to 8% interest in this special FD; check features and last date to invest
SBI Senior Citizen FD Interest Rates: What will be your maturity amounts on Rs 1.50 lakh, Rs 3 lakh, Rs 4.50 lakh and Rs 6 lakh investments in 1-, 3- and 5-year fixed deposit schemes?
