Bank mounted deposit charges: SBI vs HDFC Bank vs ICICI vs Kotak Mahindra vs BoB

The charge of curiosity on a Fixed Deposit is set by the principal quantity invested and the time period of the funding. FD rates of interest of various banks fluctuate by quantity, tenure and kind of depositor. So it is at all times necessary to check the FD charges provided by numerous banks earlier than investing.

Let’s check out the newest FD rates of interest provided by Kotak Mahindra Bank, Bank of Baroda (BoB), SBI HDFC Bank and ICICI Bank

Kotak Mahindra newest FD charges

Kotak Mahindra Bank has hiked FD charges of varied tenures for quantities lower than ₹2 crore. The new charges are efficient from April 12, 2022, in keeping with the Kotak Mahindra Bank web site. After the newest hike, the financial institution is giving rates of interest starting from 2.50% to five.60% on deposits maturing in 7 days to 10 years.

HDFC Bank newest FD charges

Private lender HDFC Bank has elevated the rates of interest on mounted deposits of lower than ₹2 crore on some tenures, in keeping with the lender’s web site. The new mounted deposit (FD) charges are with impact from 6 April 2022. HDFC Bank provides 2.50 per cent to five.60 per cent rates of interest on deposits maturing in 7 days to 10 years for most of the people.

Bank of Baroda newest FD charges

Bank of Baroda (BoB) has raised rates of interest on mounted deposits (FDs) with impact from March 22 for deposits of lower than ₹2 crore. After this revision, the Bank of Baroda’s newest FD rates of interest ranges from 2.80 per cent to five.55 per cent for maturities between 7 days and 10 years.

SBI newest FD rates of interest

SBI FDs between 7 days to 10 years will give 2.9% to five.5% to common clients. Senior residents will get 50 foundation factors (bps) further on these deposits -3.4 %to six.30%. These charges are efficient from 15 February 2022.

ICICI Bank newest FD rates of interest

ICICI Bank is giving rates of interest starting from 2.50% to five.60% on deposits maturing in 7 days to 10 years. These charges are with impact from 20 January 2022

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