If you are also planning to get FD, then this news is of great use to you. In fact, the country’s largest state-run State Bank of India (SBI) and private bank HDFC Bank have increased interest rates on FDs.
new Delhi. If we talk about investment options, even today the safest way to invest is Fixed Deposit. In such a situation, if you are planning to get FD, then this news is of great use to you. In fact, the country’s largest state-run State Bank of India (SBI) and private bank HDFC Bank have increased interest rates on FDs.
Where SBI has increased FD rates for a period above 2 years. According to SBI’s website, the revised interest rates are applicable from February 15. At the same time, according to the website of HDFC Bank, it has increased the interest rates by 5-10 basis points on FDs of less than Rs 2 crore. The new rates are applicable from February 14.
Let us have a look at the FD rates of SBI and HDFC Bank across different tenors.
SBI latest FD rates: SBI FD between 7 days to 10 years will give normal customers from 2.9% to 5.5%. Senior citizens will get an additional 50 basis points (bps) on these deposits. These rates are effective from 15 February 2022.
>> 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 2 years Less than – 5.1%
>> Less than 2 years to 3 years – 5.2%
>> From 3 years to less than 5 years – 5.45%
>> 5 years & up to 10 years – 5.5%
HDFC Bank latest FD rates: HDFC Bank gives interest from 2.50% to 5.60% on deposits maturing between 7 days to 10 years. HDFC Bank offers 3% to 6.35% interest 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%
>> 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 year – 4.9% 5%
>> 1 year 1 day to 2 years – 5%
>> 2 years 1 day to 3 years – 5.20%
>> 3 years 1 day to 5 years – 5.45%
>> 5 years 1 day to 10 years – 5.60%
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