SBI vs ICICI vs HDFC vs Yes Bank


Fixed deposit (FD) rates of banks are determined by changes in the Reserve Bank of India (RBI) monetary policy such as repo rate, base rate etc, internal liquidity position of banks, economic conditions and the level of credit demand. Maintaining status quo for the third time in a row, Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4%. For FD investors, this is good news, as the banks will further not reduce the interest rates on deposits. Banks like State Bank of India (SBI), ICICI Bank, HDFC Bank and Yes Bank offer FD rates ranging from 7 days to 10 years. FD interest rates of different banks vary by deposit amount, deposit tenure and type of depositor.

Here are the latest FD interest rates offered by SBI, ICICI Bank, HDFC Bank and Yes Bank:

SBI latest FD interest rates (below 2 crore) for general public

SBI FDs between 7 days to 10 years will give 2.9% to 5.4% to general customers. Senior citizens will get 50 basis points (bps) extra on these deposits. SBI had last revised its FD rates on 10 September.

7 days to 45 days – 2.9%

46 days to 179 days – 3.9%

180 days to 210 days – 4.4%

211 days to less than 1 year – 4.4%

1 year to less than 2 years – 4.9%

2 years to less than 3 years – 5.1%

3 years to less than 5 years – 5.3%

5 years and up to 10 years – 5.4%

ICICI Bank latest FD interest rates (below 2 crore) for general public

ICICI Bank gives interest rate ranging from 2.5% to 5.50% on deposits maturing in 7 days to 10 years. These rates are applicable from 21 October. Senior citizens will continue to get a 50 basis points (bps) higher interest rate 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 less than 1 year – 4.40%

1 year to 389 days – 4.9%

390 days to < 18 months – 4.9%

18 months days to 2 years – 5%

2 years 1 day to 3 years – 5.15%

3 years 1 day to 5 years – 5.35%

5 years 1 day to 10 years – 5.50%

HDFC Bank latest FD interest rates (below 2 crore) for general public

HDFC Bank offers interest ranging from 2.50% to 5.50% on deposits maturing between 7 days and 10 years. These rates are effective from 13 November. Senior citizens continue to get 50 basis points higher interest rates than the general public. The bank offers interest rates from 3% to 6.25% on FDs maturing in 7 days to 10 years to senior citizens.

7 – 14 days 2.50%

15 – 29 days 2.50%

30 – 45 days 3%

46 – 60 days 3%

61 – 90 days 3%

91 days – 6 months 3.5%

6 months 1 days – 9 months 4.4%

9 months 1 day < 1 Year 4.4%

1 year – 4.9%

1 year 1 day – 2 years 4.9%

2 years 1 day – 3 years 5.15%

3 year 1 day- 5 years 5.30%

5 years 1 day – 10 years 5.50%

Yes Bank latest FD interest rates (below 2 crore) for general public

Yes Bank offers interest rates in the range of 3.5% to 7% to the general public for deposits of up to 2 crore. These rates are with effect from 5 November

7 to 14 days 3.5%

15 to 45 days 4%

46 to 90 days 4.50%

3 months to < 6 months 5%

6 months to < 9 months 5.50%

9 months to < 1 Year 5.75%

1 years to < 2 year 6.75%

2 years < 3 years 7.00%

3 years to <= 10 years* 6.5%

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