Want to Open A FD Account? Compare Rates by SBI, ICICI, Kotak, HDFC

Want to Open A FD Account? Compare Rates by SBI, ICICI, Kotak, HDFC. Want To Open A Fixed Deposit (FD) Account? Compare Interest Rates Paid By Top Banks in India. The fixed deposits (FDs) usually offer higher interest rates to senior citizens as compared to those for the general public.

Want to Open A FD Account? Know FD Rates

Fixed deposit (FD) accounts offer higher interest rates than savings accounts. Banks keep on revising their fixed deposit interest rates from time-to-time. On a four-year fixed deposit below Rs. 1 crore for general public, SBI currently pays an interest rate of 6.8 per cent. While HDFC Bank offers 7.10 per cent, ICICI Bank pays 7.25 per cent and Kotak Mahindra Bank offers 7.10% interest for the same tenor and amount.

Here are fixed deposit or FD interest rates offered by State Bank of India, HDFC Bank, ICICI Bank and Kotak Mahindra Bank on deposits below Rs. 1 crore

SBI FD Interest Rates:

For Domestic & NRE*/NRO Retail Fixed Deposits (for amounts less than INR 1 Crore)

TenorsFor Public w.e.f. 30.07.2018For Senior Citizens
7 days to 45 days
5.75
6.25
46 days to 179 days
6.25
6.75
180 days to 210 days
6.35
6.85
211 days to less than 1 year
6.40
6.90
1 year to less than 2 year
6.70
7.20
2 years to less than 3 years
6.75
7.25
3 years to less than 5 years
6.80
7.30
5 years and up to 10 years
6.85
7.35

The interest rate payable to SBI Staff and SBI pensioners will be 1.00% above the applicable rate. The rate applicable to all Senior Citizens and SBI Pensioners of age 60 years and above will be 0.50% above the rate payable for all tenors to resident Indian senior citizens i.e. SBI resident Indian Senior Citizen Pensioners will get both the benefits of Staff (1%) and resident Indian Senior Citizens (0.50%).

HDFC Bank FD Rates

1. For Domestic & NRE*/NRO Retail Fixed Deposits (for amounts less than INR 1 Crore)

PeriodInterest Rate
(per annum)
**Senior Citizen Rates
(per annum)
7 – 14 days3.50%4.00%
15 – 29 days4.25%4.75%
30 – 45 days5.75%6.25%
46 – 60 days6.25%6.75%
61 – 90 days6.25%6.75%
91 days – 6 months6.25%6.75%
6 mnths 1 day- 6 mnths 3 days6.75%7.25%
6 mnths 4 days6.75%7.25%
6 mnths 5 days- 9 mnths6.75%7.25%
9 mnths 1 day- 9 mnths 3 days7.10%7.60%
9 mnths 4 days7.10%7.60%
9 months 5 days – 9 months 15 days7.10%7.60%
9 months 16 days7.10%7.60%
9 months 17 days < 1 Year7.10%7.60%
1 Year7.30%7.80%
1 year 1 day – 1 year 3 days7.30%7.80%
1 year 4 days7.30%7.80%
1 year 5 days – 1 Year 15 Days7.30%7.80%
1 Year 16 days7.30%7.80%
1 year 17 days – 2 Years7.30%7.80%
2 years 1day – 2 Years 15 days7.40%7.90%
2 Years 16 days7.40%7.90%
2 years 17 days – 3 Years7.40%7.90%
3 years 1day – 5 years7.25%7.75%
5 Years 1 Day – 8 Years6.50%7.00%
8 Years 1 Day – 10 Years6.50%7.00%

2. For Domestic & NRO Retail Monthly Payout Fixed Deposits (for amounts less than INR 1 Crore TO 5 Crore)

PeriodInterest Rate
(per annum)
**Senior Citizen Rates
(per annum)
7 – 14 days4.25%4.75%
15 – 29 days4.25%4.75%
30 – 45 days6.25%6.75%
46 – 60 days6.50%7.00%
61 – 90 days6.50%7.00%
91 days – 6 months6.75%7.25%
6 mnths 1 day- 6 mnths 3 days7.10%7.60%
6 mnths 4 days7.10%7.60%
6 mnths 5 days- 9 mnths7.10%7.60%
9 mnths 1 day- 9 mnths 3 days7.35%7.85%
9 mnths 4 days7.35%7.85%
9 months 5 days – 9 months 15 days7.35%7.85%
9 months 16 days7.35%7.85%
9 months 17 days < 1 Year7.35%7.85%
1 Year7.50%8.00%
1 year 1 day – 1 year 3 days7.50%8.00%
1 year 4 days7.50%8.00%
1 year 5 days – 1 Year 15 Days7.50%8.00%
1 Year 16 days7.50%8.00%
1 year 17 days – 2 Years7.50%8.00%
2 years 1day – 2 Years 15 days7.50%8.00%
2 Years 16 days7.50%8.00%
2 years 17 days – 3 Years7.50%8.00%
3 years 1day – 5 years7.35%7.85%
5 Years 1 Day – 8 Years7.00%7.50%
8 Years 1 Day – 10 Years7.00%7.50%

ICICI Bank FD Rates

For Domestic & NRE*/NRO Retail Fixed Deposits (for amounts less than INR 2 Crore)

Tenure PeriodRate of Interest (% p.a.) w.e.f March 7, 2019
GeneralSenior Citizen*
7 days to 14 days4.004.50
15 days to 29 days4.254.75
30 days to 45 days5.506.00
46 days to 60 days6.006.50
61 days to 90 days6.256.75
91 days to 120 days6.256.75
121 days to 184 days6.256.75
185 days to 289 days6.507.00
290 days to less than 1 year6.757.25
1 year to 389 days6.907.40
390 days to 2 years7.107.60
2 years 1 day upto 3 years7.508.00
3 years 1 day upto 5 years7.257.75
5 years 1 day upto 10 years7.007.50
5 Years Tax saver FD(Max upto Rs. 1.50 lac)7.257.75

Kotak Mahindra Bank FD Rates:

Premature Withdrawal Allowed

RegularSenior Citizen*
Maturity Periods – Premature Withdrawal AllowedLess than Rs.2 Crore#Less than Rs.2 Crore#
7 – 14 Days3.50%4.00%
15 – 30 Days4.00%4.50%
31 – 45 Days5.00%5.50%
46 – 90 Days5.50%6.00%
91 – 120 Days6.25%6.75%
121 – 179 days6.25%6.75%
180 Days6.40%6.90%
181 Days to 269 Days6.50%7.00%
270 Days6.50%7.00%
271 Days to 363 Days6.75%7.25%
364 Days7.00%7.50%
365 Days to 389 Days7.00%7.50%
390 Days (12 months 25 days)7.20%7.70%
391 Days – Less than 23 Months7.20%7.70%
23 Months7.20%7.70%
23 months 1 Day- less than 2 years7.20%7.70%
2 years- less than 3 years7.10%7.60%
3 years and above but less than 4 years7.00%7.50%
4 years and above but less than 5 years7.00%7.50%
5 years and above upto and inclusive of 10 years6.50%7.00%

Meanwhile, small finance banks offer much higher interest rates on fixed deposit or FD accounts than larger peers like State Bank of India (SBI), HDFC Bank and ICICI Bank.

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