One of the most popular financial instruments in which people like to invest is fixed deposits (FD). The interest earned from a bank FD is fixed and is known at the time of investing. Usually, one can invest in FD for a minimum period of 7 days and for a maximum of 10 years. After the Reserve Bank of India (RBI) rate cut in August, almost all the banks, including State Bank of India (SBI), HDFC Bank, Axis Bank, ICICI Bank and others have slashed interest earned on FDs in their bank. Before choosing your FD, you must compare the interest rates offered by various banks.
SBI latest FD interest rates (below ₹2 crore) for general public
For short-term FDs maturing in 7 days to 45 days and 46 days to 179 days, SBI gives 4.50% and 5.50% interest respectively. For deposits with maturity period 180 days to 210 days and 211 days to less than 1 year, SBI offers an interest rate of 5.80%. For term deposits maturing in 1 year to less than 2 year, SBI offers the highest rate of interest. These deposits will fetch an interest rate of 6.50%. SBI gives 6.25% interest on deposits maturing in 2 years to 10 years.
7 days to 45 days 4.50%
46 days to 179 days 5.50%
180 days to 210 days 5.80%
211 days to less than 1 year 5.80%
1 year to less than 2 year 6.50%
2 years to less than 3 years 6.25%
3 years to less than 5 years 6.25%
5 years and up to 10 years 6.25%
ICICI Bank latest FD interest rates (below ₹2 crore) for general public
ICICI Bank gives 4% interest rate between 7 days and 14 days. For 15 days to 29 days maturity FDs, ICICI Bank is offering 4.25%, 30 days to 45 days 5%. For 46 days to 184 days, the bank gives 5.50%, 185 days to 289 days 6.00%. For FDs maturing in 290 days to less than 1 year, ICICI Bank gives 6.25%. For FDs between 1 year to less than 18 months, ICICI Bank is offering 6.60% interest. For deposits maturing in 18 months to 2 years, ICICI Bank gives the highest interest rate, i.e. 7.00% interest. For term deposits maturing in 2 years to 10 years, ICICI Bank offers an interest rate of 6.90%.
7 days to 14 days 4.00%
15 days to 29 days 4.25%
30 days to 45 days 5.00%
46 days to 60 days 5.50%
61 days to 90 days 5.50%
91 days to 120 days 5.50%
121 days to 184 days 5.50%
185 days to 289 days 6.00%
290 days to less than 1 year 6.25%
1 year to 389 days 6.60%
390 days to < 18 months 6.60%
18 months to 2 years 7.00%
2 years 1 day upto 3 years 6.90%
3 years 1 day upto 5 years 6.90%
5 years 1 day upto 10 years 6.90%
Axis Bank latest FD interest rates (below ₹2 crore) for general public
Axis Bank offers 3.50% and 4.00% interest on FDs between 7 days to 14 days and 15 days to 29 days respectively. On FDs between 30 days to 45 days, the bank gives 5.20% interest. For 46 days to less than 3 months, the interest rate is 5.65%. For FDs with 3 months to less than 6 months, Axis Bank offers 5.75%. On FDs maturing between 6 months to less than 9 months, the bank offers an interest rate of 6.25%. For FDs maturities tenure 9 months to less than 1 year, Axis Bank gives 6.35% interest. For FDs maturing in 1 year to less than 1 year 25 days, Axis Bank gives 6.60% interest. Term deposits maturing in 1 year 25 days to less than 18 months will fetch an interest rate of 6.70%. For deposits maturing in 18 months to less than 2 years, the bank will give 6.80% interest, less than 3 years 7.00%. On FDs between 2 years to less than 3 years, Axis Bank pays 7.00%. For deposits maturing in 3 years to ten years, the bank gives 6.75% interest.
7 days to 14 days 3.50%
15 days to 29 days 4.00%
30 days to 45 days 5.20%
46 days to 60 days 5.65%
61 days < 3 months 5.65%
3 months < 4 months 5.75%
4 months < 5 months 5.75%
5 months < 6 months 5.75%
6 months < 7 months 6.25%
7 months < 8 months 6.25%
8 months < 9 months 6.25%
9 months < 10 months 6.35%
10 months < 11 months 6.35%
11 months < 1 year 6.35%
1 year < 1 year 5 days 6.60%
1 year 5 days < 1 year 11 days 6.60%
1 year 11 days < 1 year 25 days 6.60%
1 year 25 days < 13 months 6.70%
13 months < 14 months 6.70%
14 months < 15 months 6.70%
15 months < 16 months 6.70%
16 months < 17 months 6.70%
17 months < 18 months 6.70%
18 Months < 2 years 6.80%
2 years < 30 months 7.00%
30 months < 3 years 7.00%
3 years < 5 years 6.75%
5 years to 10 years 6.75%
Yes Bank latest FD interest rates (below ₹2 crore) for general public
Yes Bank offers interest rates in the range of 5% to 7.25% to the general public for deposits of up to ₹2 crore. For seven days to less than six months, the bank offers 6.25% interest rate. Yes Bank offers a rate of interest of 6.85% for six months to less than nine months maturities. For long-term FDs, maturing in one and up to ten years, the bank offers an interest rate of 7.25%.
7 to 45 days 5.00%
46 to 90 days 6.25%
3 months to < 6 months 6.25%
6 months to < 9 months 6.85%
9 months to < 1 Year 7.15%
1 Years to <= 10 years* 7.25%
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