SBI vs HDFC Bank vs ICICI Bank vs Axis Bank: Latest FD rates of interest in contrast

Banks have been constantly growing rates of interest on mounted deposits (FDs) since May 2022. The State Bank of India (SBI), HDFC Bank, ICICI Bank and Axis Bank have raised their FD rates of interest after the most recent RBI repo price hike. On September 30, the central financial institution introduced a hike within the repo price by 50 foundation factors (bps).  As a consequence, banks elevated their deposits rates of interest additional.

Let’s check out the most recent FD rates of interest supplied by SBI, HDFC Bank, ICICI Bank and Axis Bank.

SBI newest FD charges

SBI has hiked mounted deposit rates of interest by as much as 20 bps. SBI is now providing an rate of interest starting from 3.00% to five.85% for most of the people and three.50% and 6.65% for senior residents on deposits maturing in 7 days to 10 years. The new charges are efficient from 15 October.

HDFC Bank newest FD charges

HDFC Bank has hiked rates of interest on mounted deposits for retail buyers by as much as 75 foundation factors. On deposits maturing in 7 days to 10 years, buyers will now get rates of interest starting from 3.00% to six.00% for most of the people and three.50% to six.75% for senior residents. As per the financial institution’s official web site, the brand new charges are efficient from 11 October.

ICICI Bank newest FD charges

ICICI Bank has hiked rates of interest on mounted deposits. On deposits maturing in 7 days to 10 years, buyers will now get rates of interest starting from 3% to six.20% for most of the people and three.50% to six.75% for senior residents. As per the financial institution’s official web site, the brand new charges are efficient from 18 October.

Axis Bank newest FD charges

Axis Bank is now providing rates of interest on mounted deposits maturing in 7 days to 10 years that vary from 3.50% to six.10% for most of the people and three.50% to six.85% for senior residents. The new charges are efficient from 14 October.

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