ICICI Bank is the latest among key lenders to raise interest rates on fixed deposits (FD). The rate hike is applicable across various tenors for domestic term deposits with effect from November 15, 2018, the private sector banking major said on Wednesday. ICICI Bank announced in a statement that it has raised FD interest rates on select maturities. Private sector bank HDFC Bank and state-run lender Punjab National Bank (PNB) had earlier this month revised their interest rates on fixed deposit. State Bank of India (SBI), the country's largest lender, last revised its FD interest rates with effect from July 30, 2018.
ICICI Bank is the latest among key lenders to raise interest rates on fixed deposits (FD). The rate hike is applicable across various tenors for domestic term deposits with effect from November 15, 2018, the private sector banking major said on Wednesday. ICICI Bank announced in a statement that it has raised FD interest rates on select maturities. Private sector bank HDFC Bank and state-run lender Punjab National Bank (PNB) had earlier this month revised their interest rates on fixed deposit. State Bank of India (SBI), the country's largest lender, last revised its FD interest rates with effect from July 30, 2018.
ICICI Bank is the latest among key lenders to raise interest rates on fixed deposits (FD). The rate hike is applicable across various tenors for domestic term deposits with effect from November 15, 2018, the private sector banking major said on Wednesday. ICICI Bank announced in a statement that it has raised FD interest rates on select maturities. Private sector bank HDFC Bank and state-run lender Punjab National Bank (PNB) had earlier this month revised their interest rates on fixed deposit. State Bank of India (SBI), the country's largest lender, last revised its FD interest rates with effect from July 30, 2018.
Here's a comparison of the latest interest rates paid by SBI, PNB, ICICI Bank and HDFC Bank on FDs up to Rs 1 crore:
ICICI Bank FD interest rates
HDFC Bank FD interest rates:
The following FD interest rates are applicable on deposits below Rs. 1 crore from November 6, 2018, according to the bank's website - hdfcbank.com:
State Bank of India (SBI) FD interest rates:
The following FD interest rates are applicable on deposits below Rs. 1 crore:
PNB Bank
Small finance banks offer much higher FD interest rates than key lenders.
Sign Up with Google
RECOMMENDED FOR YOU
POPULAR