As RBI’s Monetary Policy Committee (MPC) has increased the repo rate thrice in the last three months to 5.4 per cent, banks are also increasing their interest rates on both loans and deposits. many banks including Indian Bank, ICICI Bank And Bank Of Barodaincreased its interest rates on fixed deposits during the tenure.
Here’s a comparison of the current fixed deposit (FD) interest rates offered by these three lenders – Indian Bank, ICICI Bank and Bank of Baroda on deposits below Rs 2 crore:
Indian Bank FD interest rate (on deposits less than Rs 2 crore):
7 days to 14 days – For general public: 2.80 percent; For senior citizens: 3.30 percent
15 days to 29 days – For general public: 2.80 percent; For senior citizens: 3.30 percent
30 days to 45 days – For general public: 3.00 percent; For senior citizens: 3.50 percent
46 days to 90 days – for general public: 3.25 percent; For senior citizens: 3.75 percent
91 days to 120 days – for general public: 3.50 percent; For Senior Citizens: 4.00 percent
121 days to 180 days – for the general public: 3.75 percent; For senior citizens: 4.25 percent
181 days to less than 9 months – For general public: 4.00 percent; For senior citizens: 4.50 percent
9 months to less than 1 year – For general public: 4.40 percent; For senior citizens: 4.90 percent
1 year – for general public: 5.30 percent; For senior citizens: 5.80 percent
Above 1 year to less than 2 years – For general public: 5.40 percent; For senior citizens: 5.90 percent
2 years to less than 3 years – For general public: 5.50 percent; For Senior Citizens: 6.00 percent
3 years to less than 5 years – For general public: 5.60 percent; For senior citizens: 6.10 percent
5 years – for general public: 5.60 percent; For senior citizens: 6.10 percent
Above 5 years – For general public: 5.60 percent; For senior citizens: 6.10 percent.
ICICI Bank FD interest rate (on deposits less than Rs 2 crore):
7 days to 14 days: for general public – 3.25 percent; For senior citizens – 3.25 percent
15 days to 29 days: for general public – 3.25 percent; For senior citizens – 3.25 percent
30 days to 45 days: for general public – 3.35 percent; For senior citizens – 3.35 percent
46 days to 60 days: for general public – 3.65 percent; For senior citizens – 3.65 percent
61 days to 90 days: for general public – 4.50 percent; For senior citizens – 4.50 percent
91 days to 120 days: for general public – 5.00 percent; For Senior Citizens – 5.00 percent
121 days to 150 days: for general public – 5.00 percent; For Senior Citizens – 5.00 percent
151 days to 184 days: For general public – 5.00 percent; For Senior Citizens – 5.00 percent
185 days to 210 days: for general public – 5.25 percent; For senior citizens – 5.25 percent
211 days to 270 days: for general public – 5.25 percent; For senior citizens – 5.25 percent
271 days to 289 days: for general public – 5.50 percent; For senior citizens – 5.50 percent
290 days to less than 1 year: for general public – 5.50 percent; For senior citizens – 5.50 percent
1 year to 389 days: for general public – 5.75 percent; For senior citizens – 5.75 percent
390 days to less than 15 months: for general public – 5.75 percent; For senior citizens – 5.75 percent
15 months to less than 18 months: for general public – 5.75 percent; For senior citizens – 5.75 percent
18 months to 2 years: for general public – 5.75 percent; For senior citizens – 5.75 percent
2 years 1 day to 3 years: for general public – 5.75 percent; For senior citizens – 5.75 percent
3 years 1 day to 5 years: for general public – 5.75 percent; For senior citizens – 5.75 percent
5 years 1 day to 10 years: for general public – 5.75 percent; For senior citizens – 5.75 percent.
Bank of Baroda FD interest rate (on deposits less than Rs 2 crore):
7 days to 14 days – For general public: 3.00 percent; For senior citizens: 3.50 percent
15 days to 45 days – For general public: 3.00 percent; For senior citizens: 3.50 percent
46 days to 90 days – for general public: 4.00 percent; For senior citizens: 4.50 percent
91 days to 180 days – for general public: 4.00 percent; For senior citizens: 4.50 percent
181 days to 270 days – For general public: 4.65 percent; For senior citizens: 5.15 percent
271 days and above and less than 1 year – For general public: 4.65 percent; For senior citizens: 5.15 percent
1 year – for general public: 5.30 percent; For senior citizens: 5.80 percent
1 year to more than 400 days – For general public: 5.45 percent; For senior citizens: 5.95 percent
Above 400 days and up to 2 years – For general public: 5.45 percent; For senior citizens: 5.95 percent
Above 2 years and up to 3 years – For general public: 5.50 percent; For Senior Citizens: 6.00 percent
Above 3 years and up to 5 years – For general public: 5.50 percent; For Senior Citizens: 6.00 percent
Above 5 years to 10 years – For general public: 5.50 percent; For Senior Citizens: 6.00 percent
Above 10 years (MACT / MACD Court Order Schemes only) – For general public: 5.10 percent; For senior citizens: 5.60 percent.
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