What SBI, HDFC Bank, ICICI, Kotak Mahindra Bank offer



A fixed deposit (FD) is an investment product offered by banks. In FD, you know at the time of investment what interest rate you will get and how much money you will receive at maturity. Bank FD rates are determined by changes in Reserve Bank of India (RBI) monetary policy, such as repo rate, base rate, etc. State Bank of India (SBI), ICICI Bank, HDFC Bank and Kotak Mahindra Bank offer FD tenures ranging from 7 days to 10 years. The FD interest rates of different banks vary depending on the amount of deposit, the duration of the deposit and the type of depositor.

Latest FD SBI tariffs

SBI FD between 7 days and 10 years will give 2.9% to 5.4% to general clients. Seniors will receive an additional 50 basis points (bp) on these deposits. These prices are effective from January 8, 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 less than a year – 4.4%

1 year to less than 2 years – 5%

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%

Latest FD rates from Kotak Mahindra Bank

Kotak Mahindra Bank gives interest rates ranging from 2.5% to 5.30% on term deposits maturing from 7 days to 10 years. These rates are applicable from April 26, 2021.

7-14 days 2.50%

15-30 days 2.50%

31-45 days 2.75%

46-90 days 2.75%

91-120 days 3.00%

121-179 days 3.25%

180 days 4.40%

181 days to 269 days 4.40%

270 days 4.40%

271 days to 363 days 4.40%

364 days 4.40%

365 days to 389 days 4.50%

390 days (12 months 25 days) 4.80%

391 days – less than 23 months 4.80%

23 months 5.00%

23 months 1 day – less than 2 years 5.00%

2 years – less than 3 years 5.00%

3 years and over but less than 4 years 5.10%

4 years and over but less than 5 years 5.25%

5 years and over up to 10 years inclusive 5.30%

Latest FD rates from HDFC Bank

HDFC Bank offers interest ranging from 2.50% to 5.50% on deposits with maturities between 7 days and 10 years. These prices are effective from November 13th. HDFC Bank offers interest rates of 3% to 6.25% on FDs maturing 7 days to 10 years to seniors.

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 day – 9 months 4.4%

9 months 1 day

1 year – 4.9%

1 year 1 day – 2 years 4.9%

2 years 1 day – 3 years 5.15%

3 years 1 day – 5 years 5.30%

5 years 1 day – 10 years 5.50%

Latest FD rates from ICICI Bank

ICICI Bank gives interest rates ranging from 2.5% to 5.50% on deposits with maturities of 7 days to 10 years. These rates are applicable from October 21. Seniors will continue to benefit from an interest rate 50 basis points (bps) higher 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 a year – 4.40%

1 year to 389 days – 4.9%

390 days to

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%

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