Compare in Fix Deposit rates offers by SBI, PNB, HDFC, Axis, ICICI Bank

Compare in Fix Deposit rates offers by SBI, PNB, HDFC, ICICI, Axis Bank. Fixed Deposit Interest Rates Offered By Key Public, Private Sector Banks. Interest rate on on Fix Deposit – which is a fixed income instrument – varies depending upon factors such as amount and maturity period.

Compare in Fix Deposit rates offers by SBI, PNB, HDFC, ICICI Bank

Interest rate on an FD or fixed deposit varies from one bank to another Bank. Interest rates on fixed deposits or term deposits are revised by commercial banks from time to time. Interest rate on an FD – which is a fixed income instrument – varies from one bank to Bank, depending upon factors such as MCLR (marginal cost of funds-based lending rate), maturity period or term and the deposit amount. You can open a fixed deposit for a period of 7 days to 10 years. A fixed deposit can help you save if you have a lump sum amount. An FD is beneficial for tax purposes as well when you invest in a tax saver fixed deposit.

Major public sector banks such as State Bank of India and Punjab National Bank pay interest rates to the tune of 5.7-6.85 per cent per annum on domestic fixed deposits up to Rs. 1 crore, while their private sector peers like HDFC Bank and ICICI Bank pay anywhere between 3.5 per cent and 7.3 per cent.

Here’s a comparison of interest rates on domestic fixed deposits below Rs. 1 crore paid by some of the top commercial banks in the country:

State Bank of India (SBI) FD Rates 2020

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

Revision in Interest Rates On Retail Domestic term deposits (Below Rs. 2 crore) interest rates revised w.e.f. 10.02.2020

Accordingly, the interest rates for Retail Domestic Term Deposits ‘Below Rupees Two Crore ‘have been revised.The revised interest rates are as under :

(All figures in % per annum)

Tenors Revised Rates For Public Revised Rates for Senior Citizens
7 days to 45 days 4.50 5.00
46 days to 179 days 5.00 5.50
180 days to 210 days 5.50 6.00
211 days to less than 1 year 5.50 6.00
1 year to less than 2 year 6.00 6.50
2 years to less than 3 years 6.00 6.50
3 years to less than 5 years 6.00 6.50
5 years and up to 10 years 6.00 6.50

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%).

Punjab National Bank (PNB) FD Rates 2020

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

Rate Of Interest On Single Domestic / NRO / NRE Term Deposits (TD) Up To Rs.10 Cr. (Callable)

Domestic/NRO $ TD Less Than Rs.2 Cr. W.E.F. 01.12.2019
Sl. No Period ROI (% p.a.) For Senior Citizen ROI (% p.a.)
1 7 to 14 days 4.50 5.00
2 15 to 29days 4.50 5.00
3 30 to 45 days 4.50 5.00
4 46 to 90 days 5.00 5.50
5 91 to 179 days 5.00 5.50
6 180 days to 270 Days 6.00 6.50
7 271 days to less than 1 year 6.00 6.50
8 333 days 6.10 6.60
9 1 year 6.30 6.80
10 444 days 6.30 6.80
11 555 days 6.30 6.80
12 above 1 year & upto 2 years 6.30 6.80
13 above 2 year & upto 3 years 6.25 6.75
14 above 3 year & upto 5 years 6.25 6.75
15 above 5 years & upto 10 years 6.30 6.80

HDFC Bank FD Rates 2020

The revised interest rates will be applicable to fresh Deposits and renewal of existing deposits with effect from 16.11.2019.

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

Applicable from 16th Nov, 2019 (per annum)

(Senior Citizen Rates do not apply to NRIs | Minimum tenor for NRE Deposit is 1 Year.)

Period < 2 Crore 2 Crore to 5 Crores
Interest Rate Senior Citizen Interest Rate **Senior Citizen
7 – 14 days 3.50% 4.00% 4.00% 4.50%
15 – 29 days 4.00% 4.50% 4.00% 4.50%
30 – 45 days 4.90% 5.40% 4.50% 5.00%
46 – 60 days 5.40% 5.90% 5.00% 5.50%
61 – 90 days 5.40% 5.90% 5.00% 5.50%
91 days – 6 months 5.40% 5.90% 5.00% 5.50%
6 mnths 1 days – 9 mnths 5.80% 6.30% 5.50% 6.00%
9 mnths 1 day < 1 Year 6.05% 6.55% 5.75% 6.25%
1 Year 6.30% 6.80% 6.00% 6.50%
1 year 1 day – 2 years 6.30% 6.80% 6.00% 6.50%
2 years 1 day – 3 years 6.40% 6.90% 6.10% 6.60%
3 year 1 day- 5 years 6.30% 6.80% 6.10% 6.60%
5 years 1 day – 10 years 6.30% 6.80% 6.10% 6.60%

ICICI Bank FD Rates 2020

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

Tenure Period Rate of Interest (% p.a.) w.e.f December 07, 2019
General Senior Citizen*
7 days to 14 days 4.00 4.50
15 days to 29 days 4.25 4.75
30 days to 45 days 4.75 5.25
46 days to 60 days 5.25 5.75
61 days to 90 days 5.25 5.75
91 days to 120 days 5.25 5.75
121 days to 184 days 5.25 5.75
185 days to 289 days 5.75 6.25
290 days to less than 1 year 6.00 6.50
1 year to 389 days 6.20 6.70
390 days to < 18 months 6.30 6.80
18 months to 2 years 6.30 6.80
2 years 1 day upto 3 years 6.40 6.90
3 years 1 day upto 5 years 6.40 6.90
5 years 1 day upto 10 years 6.40 6.90
5 Years Tax saver FD(Max upto Rs. 1.50 lac) 6.40 6.90

Axis Bank FD Rates 2020

For Domestic & NRE*/NRO Retail Fixed Deposits For Public

PERIOD  INTEREST RATES (% P.A.)
DEPOSITS BELOW RS. 2 CRORE DEPOSITS OF RS. 2 CRORE < RS.4.91 CRORES
7 days to 14 days 3.50 4.00
15 days to 29 days 4.25 4.25
30 days to 45 days 4.90 4.90
46 days to 60 days 5.40 5.40
61 days < 3 months 5.40 5.40
3 months < 4 months 5.40 5.40
4 months < 5 months 5.40 5.40
5 months < 6 months 5.40 5.40
6 months < 7 months 5.80 5.80
7 months < 8 months 5.80 5.80
8 months < 9 months 5.80 5.80
9 months < 10 months 6.05 6.05
10 months < 11 months 6.05 6.05
11 months < 11 months 25 days 6.05 6.05
11 months 25 days < 1 year 6.40 6.40
1 year < 1 year 5 days 6.55 6.55
1 year 5 days < 1 year 11 days 6.40 6.40
1 year 11 days < 1 year 25 days 6.40 6.40
1 year 25 days < 13 months 6.40 6.40
13 months < 14 months 6.40 6.40
14 months < 15 months 6.40 6.40
15 months < 16 months 6.40 6.40
16 months < 17 months 6.40 6.40
17 months < 18 months 6.40 6.40
18 Months < 2 years 6.50 6.50
2 years < 30 months 6.65 6.65
30 months < 3 years 6.50 6.50
3 years < 5 years 6.50 6.50
5 years to 10 years 6.50 6.50

Recommended