Bank mounted deposit (FD) charges in contrast: SBI vs HDFC Bank vs ICICI vs Axis Bank

A hard and fast deposit (FD) is an funding product provided by banks. State Bank of India (SBI), ICICI Bank, HDFC Bank and Axis Bank supply FD tenures starting from 7 days to 10 years. FD rates of interest of various banks range by deposit quantity, deposit tenure and sort of depositor. So, earlier than parking your cash in a time period deposit it is all the time higher to match the rates of interest provided by numerous banks.

SBI newest FD charges

SBI FDs between 7 days to 10 years will give 2.9% to five.4% to common clients. Senior residents will get 50 foundation factors (bps) additional on these deposits. These charges are efficient 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 lower than 1 12 months – 4.4%

1 12 months to lower than 2 years – 5%

HDFC Bank newest FD charges

HDFC Bank gives curiosity starting from 2.50% to five.50% on deposits maturing between 7 days and 10 years. These charges are efficient from 21 May 2021. HDFC Bank gives rates of interest from 3% to six.25% on FDs maturing in 7 days to 10 years to senior residents.

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 12 months – 4.9%

1 12 months 1 day – 2 years 4.9%

2 years 1 day – 3 years 5.15%

3 12 months 1 day- 5 years 5.30%

5 years 1 day – 10 years 5.50%

ICICI Bank newest FD charges

ICICI Bank offers rates of interest starting from 2.5% to five.50% on deposits maturing in 7 days to 10 years. These charges are relevant from 21 October. Senior residents will proceed to get a 50 foundation factors (bps) larger rate of interest than others.

7 days to 14 days – 2.50%

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 lower than 1 12 months – 4.40%

1 12 months to 389 days – 4.9%

390 days to < 18 months – 4.9%

18 months days to 2 years – 5%

2 years 1 day to three years – 5.15%

3 years 1 day to five years – 5.35%

5 years 1 day to 10 years – 5.50%

Axis Bank FD charges

Private sector lender Axis Bank gives an rate of interest of two.50% to five.75% on time period deposits maturing in 7 days to 10 years. These charges are with impact from 26 June 2021.

7 days to 14 days 2.50%

15 days to 29 days 2.50%

30 days to 45 days 3%

46 days to 60 days 3%

61 days < 3 months 3%

3 months < 4 months 3.5%

4 months < 5 months 3.5%

5 months < 6 months 3.5%

6 months < 7 months 4.40%

7 months < 8 months 4.40%

8 months < 9 months 4.40%

9 months < 10 months 4.40%

10 months < 11 months 4.40%

11 months < 11 months 25 days 4.40%

11 months 25 days < 1 12 months 4.40%

1 12 months < 1 12 months 5 days 5.10%

1 12 months 5 days < 1 12 months 11 days 5.15%

1 12 months 11 days < 1 12 months 25 days 5.10%

1 12 months 25 days < 13 months 5.10%

13 months < 14 months 5.10%

14 months < 15 months 5.10%

15 months < 16 months 5.10%

16 months < 17 months 5.10%

17 months < 18 months 5.10%

18 Months < 2 years 5.25%

2 years < 30 months 5.40%

30 months < 3 years 5.40%

3 years < 5 years 5.40%

5 years to 10 years 5.75%

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