HDFC Bank revises FD rates. How they compare to ICICI Bank, SBI

HDFC Bank has hiked interest rates on fixed deposits (FDs). The enhanced rates of interest are applicable on FDs with effect from 1st December 2021. After the latest revision, HDFC Bank offers interest ranging from 2.50% to 5.50% on deposits maturing between 7 days to 10 years. These rates are effective from 21 May 2021. HDFC bank Offers interest rates ranging from 3% to 6.25% for senior citizens on FDs maturing in 7 days to 10 years.

HDFC Bank Latest FD Interest Rates (Below 2 crore) for general public with effect from 1st December 2021

7 – 14 days 2.50%

15 – 29 days 2.50%

30 – 45 days 3%

61-90 days 3%

91 days – 6 months 3.5%

6 months 1 day – 9 months 4.4%

9 months 1 day < 1 year 4.4%

1 year – 4.9%

1 year 1 day – 2 years 5%

2 years 1 day – 3 years 5.15%

3 years 1 day – 5 years 5.35%

5 years 1 day – 10 years 5.50%

ICICI Bank Latest FD Rates (Below 2 crore) for general public with effect from 16 November 2021

ICICI Bank offers interest rates ranging from 2.5% to 5.50% on deposits maturing in 7 days to 10 years. These rates are applicable from 16 November 2021. Senior citizens will continue to get 50 basis points (bps) higher interest rate as compared to others.

7 days to 14 days – 2.5%

15 days to 29 days – 2.50%

30 days to 45 days – 3%

46 days to 60 days – 3%

61 days to 90 days – 3%

91 days to 120 days 3.5%

121 days to 184 days – 3.5%

185 days to 210 days – 4.40%

211 days to 270 days – 4.40%

271 days to 289 days – 4.40%

290 days to less than 1 year – 4.40%

1 year to 389 days – 4.9%

390 days to <18 months - 4.9%

18 months to 2 years – 5%

2 years 1 day to 3 years – 5.15%

3 years 1 day to 5 years – 5.35%

5 years 1 day to 10 years – 5.50%

SBI Latest FD Interest Rates (Below 2 crore) for general public with effect from January 8, 2021

SBI FD Will give from 2.9% to 5.4% to normal customers between 7 days to 10 years. Senior citizens will get an additional 50 basis points (bps) on these deposits. These rates are effective from 8 January 2021.

7 days to 45 days – 2.9%

46 days to 179 days – 3.9%

180 days to 210 days – 4.4%

211 days to less than 1 year – 4.4%

1 year to less than 2 years – 5%

2 years to less than 3 years – 5.1%

3 years to less than 5 years – 5.3%

5 years and up to 10 years – 5.4%

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