FD interest rates: SBI vs HDFC Bank vs ICICI Bank vs BOB vs Kotak Mahindra Bank - Compared!
When it comes to fixed deposits, the tenures range from a minimum of 7 days to a maximum of 10 years of maturity period.
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Several public as well as private banks offer their customers the facility of fixed deposits. The interest rate on the fixed deposit is subject to tenures, deposit amount and other details with regard to the deposit holder. Here is a comparison of the interest rate the banks have to offer their fixed deposit account holders.
State Bank of India
State Bank of India offers an FD interest rate ranging from 5.75% per annum to 6.85% per annum for a tenors starting from 7 days to 10 years for bulk deposits up to Rs 10 crores. In case of senior citizens, the interest rates vary from a range of 6.25% per annum to 7.35% per annum.
HDFC Bank
HDFC Bank fixed deposit holder benefit from an FD interest rate ranging from 3.50% per annum to 6.75% per annum for a tenors starting from 7 days to 10 years for bulk deposits up to Rs 5 crores. In case of senior citizens, the interest rates vary from a range of 4% per annum to 7.25% per annum.
ICICI Bank
An FD interest rate ranging from 4% per annum to 7% per annum for a tenors starting from 7 days to 10 years for bulk deposits up to Rs 5 crores is offered by ICICI Bank. In case of senior citizens, the interest rates vary from a range of 4.50% per annum to 7.75% per annum.
Bank Of Baroda
Bank Of Baroda fixed deposit holder benefits from an FD interest rate ranging from 4.50% per annum to 7.05% per annum for a tenors starting from 7 days to 5 years for bulk deposits up to Rs 100 Crores.
Kotak Mahindra Bank
An FD interest rate ranging from 3.50% per annum to 6% per annum for a tenors starting from 7 days to 10 years for bulk deposits up to Rs 25 crores is offered by Kotak Mahindra Bank. In case of senior citizens, the interest rates vary from a range of 4% per annum to 7% per annum.
Comparing all the fixed deposits interest rates charged by the prominent banks, it can noticed that the charges fall between 3.5% per annum to 7.75% per annum.
