Want To Open Bank Fixed Deposit Account? Here Are Interest Rates Offered By Top Banks
Fixed deposit and recurring deposit schemes offered by banks are among the most sought after investment products that the individuals choose to park their money, as they provide guaranteed returns unlike other asset classes such as equities. Banks ranging from State Bank of India, Punjab National Bank and HDFC Bank others offer varied interest rates on these term deposit schemes depending on the tenure and amount invested. Currently, India's largest lender - State Bank of India - offers interest rates in the range of 2.90-5.40 per cent on fixed deposits, which come with a maturity period ranging from seven days to 10 years.
Here are the interest rates offered by top banks on their fixed deposit schemes:
State Bank Of India (SBI) Fixed Deposit Interest Rates
| Maturity period | Interest rate with effect from May 27 | |
|---|---|---|
| Public | Senior citizen | |
| Seven days to 45 days | 2.9% | 3.4% |
| 46 days to 179 days | 3.9% | 4.4% |
| 180 days to 210 days | 4.4% | 4.9% |
| 211 days to less than one year | 4.4% | 4.9% |
| One year to less than two years | 5.1% | 5.6% |
| Two years to less than three years | 5.1% | 5.6% |
| Three years to less than five years | 5.3% | 5.8% |
| Five years and up to 10 years | 5.4% | 6.2% |
| (Source: sbi.co.in) | ||
HDFC Bank Fixed Deposit Interest Rates
| Maturity period | Interest rate with effect from June 12 | |
|---|---|---|
| Public | Senior citizen | |
| Seven days to 14 days | 2.75% | 3.25% |
| 15 days to 29 days | 3.00% | 3.50% |
| 30 days to 45 days | 3.25% | 3.75% |
| 46 days to 60 days | 4.00% | 4.50% |
| 61 days to 90 days | 4.00% | 4.50% |
| 91 days to six months | 4.10% | 4.60% |
| Six months one day to nine months | 4.50% | 5.00% |
| Nine months one day to less than one year | 4.75% | 5.25% |
| One year | 5.25% | 5.75% |
| One year one day to two years | 5.25% | 5.75% |
| Two years one day to three years | 5.35% | 5.85% |
| Three years one day to five years | 5.50% | 6.00% |
| Five years one day to 10 years | 5.50% | 6.25% |
| (Source: hdfcbank.com) | ||
Kotak Mahindra Bank Fixed Deposit Interest Rates
| Maturity period | Interest rate with effect from June 22 | |
|---|---|---|
| Seven to 14 days | 2.75% | |
| 15 to 30 days | 3% | |
| 31 to 45 days | 3% | |
| 46 to 90 days | 3.50% | |
| 91 to 120 days | 4.10% | |
| 121 to 179 days | 4.10% | |
| 180 days | 4.50% | |
| 181 to 269 days | 4.75% | |
| 270 days | 4.75% | |
| 271 to 363 days | 4.75% | |
| 364 days | 4.75% | |
| 365 to 389 days | 5.15% | |
| 390 days (12 months and 25 days) | 5.25% | |
| 391 days to less than 23 months | 5.25% | |
| 23 months | 5.25% | |
| 23 months and one day to less than two years | 5.15% | |
| Two years to less than three years | 4.90% | |
| Three years and above but less than four years | 4.90% | |
| Four years and above but less than five years | 4.75% | |
| Five years and above up to 10 years | 4.50% | |
| (Source: kotak.com) | ||
ICICI Bank Fixed Deposit Interest Rates
| Maturity period | Interest rate with effect from June 16 | |
|---|---|---|
| Public | Senior citizen | |
| Seven to 14 days | 2.75% | 3.25% |
| 15 to 29 days | 3.00% | 3.50% |
| 30 to 45 days | 3.25% | 3.75% |
| 46 to 60 days | 3.50% | 4.00% |
| 61 to 90 days | 3.50% | 4.00% |
| 91 to 120 days | 4.10% | 4.60% |
| 121 to 184 days | 4.10% | 4.60% |
| 185 to 210 days | 4.50% | 5.00% |
| 211 to 270 days | 4.50% | 5.00% |
| 271 to 289 days | 4.50% | 5.00% |
| 290 days to less than one year | 4.75% | 5.25% |
| One year to 389 days | 5.15% | 5.65% |
| 390 days to less than 18 months | 5.15% | 5.65% |
| 18 months and one day to two years | 5.35% | 5.85% |
| Two years and one day to three years | 5.35% | 5.85% |
| Three years and one day to five years | 5.50% | 6% |
| Five years and one day to 10 years | 5.50% | 6.30% |
| Five years tax-saver FD (maximum Rs 1.50 lakh) | 5.50% | 6% |
| (Source: icicibank.com) | ||
Punjab National Bank (PNB) Fixed Deposit Interest Rates
| Maturity period | Interest rate with effect from July 1 | ||
|---|---|---|---|
| Public | Senior citizen | ||
| Seven days to 14 days | 3.00% | 3.75% | |
| 15 days to 29 days | 3.00% | 3.75% | |
| 30 days to 45 days | 3.00% | 3.75% | |
| 46 days to 90 days | 3.25% | 4% | |
| 91 days to 179 days | 4.00% | 4.75% | |
| 180 days to 270 days | 4.40% | 5.15% | |
| 271 days to less than one year | 4.50% | 5.25% | |
| 333 days | 4.50% | 5.25% | |
| One year | 5.25% | 6% | |
| 444 days | 5.25% | 6% | |
| 555 days | 5.25% | 6% | |
| Above one year and up to two years | 5.25% | 6% | |
| Above two years and up to three years | 5.25% | 6% | |
| Above three years and up to five years | 5.30% | 6.15% | |
| Above five years and up to 10 years | 5.30% | 6.15% | |
| (Source: pnbindia.in) | |||
All the banks offer 0.5 per cent or 50 basis points higher interest rates to senior citizens across tenors.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
