Fixed Deposit (FD) Interest Rates Revision: SBI Vs ICICI Bank Vs HDFC Bank Vs Axis Bank Vs YES Bank

After State Bank of India (SBI) revised its fixed deposit interest rates, private peers like ICICI Bank, HDFC Bank, Axis Bank and YES Bank have also followed suit. Bank fixed deposits are term deposits where the investor makes a lump sum investment and earns a higher rate of return in comparison to a savings account, for a specified period of time. At present, the interest rate on one-year bank FDs - generally ranges from 7.75 per cent to 8.75% per annum. The interest earned on FDs is taxed as per one's income tax slab on accrual basis. If the interest amount exceeds Rs 10,000, the bank would deduct tax at source (TDS) at the rate of 10 per cent per annum. Investment in fixed deposits gives you an assured return. The returns are generally over and above than what is offered by a savings bank account. However, returns vary as per the tenure of investments. Given below are interest rates on fixed deposits (FDs) offered by State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank and YES Bank: Fixed deposit (FD) interest rates offered by State Bank of India (SBI) Interest rates for retail domestic fixed deposits 'Below Rupees One Crore' (All figures in % per annum) table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height:20px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size:14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; width: 320px; } table, thead, tbody, th, td, tr { font-size:14px; } table th {padding:4px;} table td {padding:4px;} } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . Tenors Existing for Public w.e.f. 28.03.2018 Revised For Public w.e.f. 28.05.2018 Existing forSenior Citizens w.e.f. 28.03.2018 Revised for Senior Citizens w.e.f. 28.05.2018 7 days to 45 days 5.75 5.75 6.25 6.25 46 days to 179 days 6.25 6.25 6.75 6.75 180 days to 210 days 6.35 6.35 6.85 6.85 211 days to less than 1 year 6.4 6.4 6.9 6.9 1 year to less than 2 year 6.4 6.65 6.9 7.15 2 years to less than 3 years 6.6 6.65 7.1 7.15 3 years to less than 5 years 6.7 6.7 7.2 7.2 5 years and up to 10 years 6.75 6.75 7.25 7.25 .Fixed deposit (FD) interest rates offered by ICICI Bank.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table td:last-child, table th:last-child { border-right: none; } . Tenure Period Rate of Interest (% p.a.) w.e.f June 07, 2018 General Senior Citizen* 7 days to 14 days 4 4.5 15 days to 29 days 4.25 4.75 30 days to 45 days 5.5 6 46 days to 60 days 5.75 6.25 61 days to 90 days 6 6.5 91 days to 120 days 6 6.5 121 days to 184 days 6 6.5 185 days to 289 days 6.25 6.75 290 days to less than 1 year 6.5 7 1 year to 389 days 6.6 7.1 390 days to 2 years 6.75 7.25 2 years 1 day upto 5 years 7 7.5 5 years 1 day upto 10 years 7 7.5 5 Years Tax saver FD(Max upto Rs. 1.50 lac) 7 7.5 .Fixed deposit (FD) interest rates offered by HDFC Bank.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table td:last-child, table th:last-child { border-right: none; } . Period < 1 Crore Interest Rate (per annum) **Senior Citizen Rates (per annum) 7 - 14 days 3.50% 4.00% 15 - 29 days 4.25% 4.75% 30 - 45 days 5.75% 6.25% 46 - 60 days 6.25% 6.75% 61 - 90 days 6.25% 6.75% 91 days - 6 months 6.25% 6.75% 6 mnths 1 day- 6 mnths 3 days 6.35% 6.85% 6 mnths 4 days 6.35% 6.85% 6 mnths 5 days- 9 mnths 6.40% 6.90% 9 mnths 1 day- 9 mnths 3 days 6.40% 6.90% 9 mnths 4 days 6.40% 6.90% 9 months 5 days - 9 months 15 days 6.40% 6.90% 9 months 16 days 6.40% 6.90% 9 months 17 days < 1 Year 6.40% 6.90% 1 Year 6.85% 7.35% 1 year 1 day - 1 year 3 days 6.65% 7.15% 1 year 4 days 6.65% 7.15% 1 year 5 days - 1 Year 15 Days 6.65% 7.15% 1 Year 16 days 6.65% 7.15% 1 year 17 days - 2 Years 7.00% 7.50% 2 years 1day - 2 Years 15 days 7.00% 7.50% 2 Years 16 days 7.00% 7.50% 2 years 17 days - 3 Years 7.00% 7.50% 3 years 1day - 5 years 7.00% 7.50% 5 Years 1 Day - 8 Years 6.00% 6.50% 8 Years 1 Day - 10 Years 6.00% 6.50% .Fixed deposit (FD) interest rates offered by Axis Bank.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table td:last-child, table th:last-child { border-right: none; } . PERIOD INTEREST RATES (% P.A.) DEPOSITS BELOW RS. 1 CRORE 7 days to 14 days 3.50 15 days to 29 days 3.50 30 days to 45 days 5.50 46 days to 60 days 6.00 61 days < 3 months 6.00 3 months < 4 months 6.00 4 months < 5 months 6.00 5 months < 6 months 6.00 6 months < 7 months 6.25 7 months < 8 months 6.25 8 months < 9 months 6.25 9 months < 10 months 6.50 10 months < 11 months 6.50 11 months < 1 year 6.50 1 year < 13 months 7.10 13 months < 14 months 7.10 14 months < 15 months 7.00 15 months < 16 months 7.00 16 months < 17 months 7.00 17 months < 18 months 7.00 18 Months < 2 years 7.00 2 years < 30 months 7.00 30 months < 3 years 7.00 3 years < 5 years 7.00 5 years to 10 years 7.00 .table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table td:last-child, table th:last-child { border-right: none; } . PERIOD INTEREST RATES (% P.A.) DEPOSITS BELOW RS. 1 CRORE 7 days to 14 days 3.50 15 days to 29 days 3.50 30 days to 45 days 5.50 46 days to 60 days 6.00 61 days < 3 months 6.00 3 months < 4 months 6.00 4 months < 5 months 6.00 5 months < 6 months 6.00 6 months < 7 months 6.50 7 months < 8 months 6.50 8 months < 9 months 6.50 9 months < 10 months 6.75 10 months < 11 months 6.75 11 months < 1 year 6.75 1 year < 13 months 7.75 13 months < 14 months 7.75 14 months < 15 months 7.65 15 months < 16 months 7.65 16 months < 17 months 7.65 17 months < 18 months 7.65 18 Months < 2 years 7.65 2 years < 30 months 7.65 30 months < 3 years 7.50 3 years < 5 years 7.50 5 years to 10 years 7.50 .Fixed deposit (FD) interest rates offered by YES Bank.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height:20px; } table td:last-child, table th:last-child { border-right: none; } .table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; line-height:20px; } table td:last-child, table th:last-child { border-right: none; } /*Media Query start*/ @media only screen and (max-width: 760px), (min-device-width: 768px) and (max-device-width: 1024px) { /* Force table to not be like tables anymore */ table, thead, tbody, th, td, tr { font-size:14px; } } /* Smartphones (portrait and landscape) ----------- */ @media only screen and (min-device-width : 320px) and (max-device-width : 480px) { body { padding: 0; margin: 0; width: 320px; } table, thead, tbody, th, td, tr { font-size:14px; } table th {padding:4px;} table td {padding:4px;} } /* iPads (portrait and landscape) ----------- */ @media only screen and (min-device-width: 768px) and (max-device-width: 1024px) { body { width: 495px; } } /*Media Query END*/ . RESIDENT FIXED DEPOSIT INTEREST RATES (% p.a)** Period Rates for < 1 Crore w.e.f 5th June 2018 Regular Senior Citizen*** Interest Rates Annualised Yield^ Interest Rates Annualised Yield^ 7 to 45 days 5.00% 5.00% 5.50% 5.50% 46 to 90 days 7.00% 7.00% 7.50% 7.50% 3 months to < 6 months 6.90% 6.90% 7.40% 7.40% 6 months to < 9 months 6.70% 6.76% 7.20% 7.26% 9 months to < 1 Year 6.70% 6.81% 7.20% 7.33% 1 Years to <= 10 years* 7.10% 7.29% 7.60% 7.82% *Special Rates 12 Months 10 Days to 12 Months 20 Days 7.40% 7.61% 7.90% 8.14% 18 Months 8 Days to18 Months 18 Days 7.50% 7.71% 8.00% 8.24% 36 Months 10 Days to36 Months 20 Days 7.25% 7.45% 7.75% 7.98% .Small finance banks.Post offices.recurring deposits.public provident funds.table { border-top: solid 1px #ccc; border-left: solid 1px #ccc; border-right: solid 1px #ccc; font-size: 16px; } table th { background-color: #f5f5f5; padding: 5px 10px; border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; } table td { border-bottom: solid 1px #ccc; border-right: solid 1px #ccc; padding: 5px 10px; } table td:last-child, table th:last-child { border-right: none; }

Fixed Deposit (FD) Interest Rates Revision: SBI Vs ICICI Bank Vs HDFC Bank Vs Axis Bank Vs YES Bank

Interest earned on FDs is taxed as per one's IT slab on accrual basis Bank FDs earn higher rate of return as compared to savings account Returns vary as per tenure of investments

NDTV Profit

NDTV Profit

Follow Us

DISCOVER US FASTER

DOWNLOAD THE APP