Bank fixed deposits (FDs) continue to be popular investment products as it is considered one of the safest investment. All major banks, including State Bank of India (SBI), ICICI Bank, HDFC Bank,IDFC First Bank and others offer FDs ranging from 7 days to 10 years. Recently after the Reserve Bank of India (RBI) lowered the lending rate, a number of banks revised their interest rates across all tenures. Before choosing an FD, you should compare the interest rates on offer. Many banks, including SBI, have revised their FD rates after the RBI rate cut.
SBI has cut retail FD rates by 10 to 50 basis points across maturities while bulk deposits have also seen a 30-70 basis-point cut across tenors. Its revised rates come into effect from today (26 August).
SBI latest FD rates (below ₹2 crore) for general public effective 26 August
7 days to 45 days- 4.50%
46 days to 179 days- 5.50%
180 days to 210 days-6.00%
211 days to less than 1 year-6.00%
1 year to less than 2 year-6.70%
2 years to less than 3 years-6.50%
3 years to less than 5 years-6.25%
5 years and up to 10 years-6.25%
ICICI Bank latest FD interest rates for general public (below ₹2 crore) effective August 14
ICICI Bank offers fixed deposits from maturities ranging from 7 days to 10 years. According to the latest ICICI Bank FD rates, the bank is offering 4% interest rate on short-term deposits between 7 days and 14 days. For 15 days to 29 days maturity FDs, ICICI Bank is offering 4.25%, 30 days to 45 days 5.25%, 46 days to 60 days 5.75%, 61 days to 90 days 5.75%, 91 days to 120 days 5.75%, 185 days to 289 days 6.25% and 290 days to less than 1 year 6.50%. For FDs between 1 year to 389 days, ICICI Bank gives 6.70%, 390 days to less than 18 months 6.80%, 18 months to 2 years 7.10%, 2 years 1 day up to 3 years 7.10%, 3 years 1 day up to 5 years 7.00%, and 5 years 1 day up to 10 years 7.00%.
7 days to 14 days 4.00%
15 days to 29 days 4.25%
30 days to 45 days 5.25%
46 days to 60 days 5.75%
61 days to 90 days 5.75%
91 days to 120 days 5.75%
121 days to 184 days 5.75%
185 days to 289 days 6.25%
290 days to less than 1 year 6.50%
1 year to 389 days 6.70%
390 days to less than 18 months 6.80%
18 months to 2 years 7.10%
2 years 1 day upto 3 years 7.10%
3 years 1 day upto 5 years 7%
5 years 1 day upto 10 years 7%
5 Years Tax saver FD 7%
IDFC First Bank latest FD rates (below ₹2 crore) for general public effective 21 August
IDFC First Bank gives interest ranging from 4% to 8.0% on deposits maturing in 1 year to 10 years. For deposits maturing in 7-14 days, IDFC First Bank offers 4.00%, for 15-29 days, 5.00%; and for 30-45 days, the bank offers an interest rate of 6.25%. FDs maturing in 46-90 days will give 6.50% interest and those deposits maturing in 91-180 days will offer 6.75% interest. For 181 days to less than 1 year FDs, IDFC First Bank gives 7.00% interest. For deposits with maturity one year, the bank gives an interest rate of 8.00%. For 1 year 1 day to 2 years maturities, IDFC Bank will give 8.00% interest. For 2 years 1 day to 5 years, the bank gives an interest rate of 7.50%. For FDs maturing in 5 year 1 day to 10 years, IDFC First Bank offers 7.25% interest.
7-14 days 4.00%
15-29 days 5.00%
30-45 days 6.25%
46 -90 days 6.50%
91-180 days 6.75%
181 days to less than 1 year 7.00%
1 year 8.00%
1 year 1 day to 2 years 8.00%
2 years 1 day- 5 years 7.50%
5 year 1 day-10 years 7.25%
Tax saver deposits 5 years 7.75%
HDFC Bank latest FD rates (below ₹2 crore) for general public effective 2 August
HDFC Bank is offering an interest rate of 5.50% on fixed deposits of seven to 45 days. On 46 days to 6 months deposits, the bank offers 6% interest. HDFC Bank is offering an interest of 7% on deposits with one-year maturity. For deposits maturing in 1 year to 2 years, the bank is offering an interest rate of 7.10%. For 2 to 3 years FDs, HDFC Bank gives 7.30% interest. On deposits maturity between 3-5 years, the bank will give you an interest rate of 7.25%. Long-term FDs maturing in 5 years to 10 years will fetch an interest rate of 7%.
7 - 14 days 3.50%
15 - 29 days 4.25%
30 - 45 days 5.50%
46 - 60 days 6.00%
61 - 90 days 6.00%
91 days - 6 months 6.00%
6 months 1 days - 9 months 6.50%
9 months 1 day < 1 Year 6.75%
1 Year 7.00%
1 year 1 day - 1 year 3 days 7.00%
1 year 4 days 7.00%
1 year 5 days - 1 Year 16 Days 7.00%
1 year 17 days - 2 Years 7.10%
2 years 1 days - 3 Years 7.30%
3 years 1day - 5 years 7.25%
5 Years 1 Day - 10 Years 7.00%
