Bank Fixed Deposit (FD) rates are determined by changes in the monetary policy of the Reserve Bank of India (RBI) such as the repo rate, base rate, etc. Lenders like State Bank of India (State Bank Of India), ICICI Bank, HDFC bank Offer FD tenors ranging from 7 days to 10 years. FD interest rates of different banks vary according to the amount of deposit, tenure of deposit and type of depositor.
hdfc bank latest fd interest rates
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 1 December 2021. HDFC Bank offers interest rates ranging from 3% to 6.25% for senior citizens on FDs maturing in 7 days to 10 years.
ICICI Bank Latest FD Rates
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.
Axis Bank Latest FD Rates
Axis Bank offers FDs with tenures ranging from 7 days to 10 years. Private sector lender Axis Bank has revised interest rates on fixed deposits (FDs) with effect from November 10, 2021. After the most recent revision, Axis Bank now offers fixed deposits maturing in 7 days to 10 years at the rate of 2.50 per cent to 5.75 per cent.
SBI Latest FD Interest Rates
SBI FD between 7 days to 10 years will give from 2.9% to 5.4% to general customers. Senior citizens will get an additional 50 basis points (bps) on these deposits. These rates are effective from 8 January 2021.
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