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

Fixed Deposit (FD) Interest Rates Revision: SBI Vs ICICI Bank Vs HDFC Bank Vs Axis Bank Vs YES Bank
At present, the interest rate on one-year bank FDs - generally ranges from 7.75 per cent to 8.75% pa.

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)

TenorsExisting for Public w.e.f. 28.03.2018Revised For Public w.e.f. 28.05.2018Existing forSenior Citizens w.e.f. 28.03.2018Revised for Senior Citizens w.e.f. 28.05.2018
7 days to 45 days5.755.756.256.25
46 days to 179 days6.256.256.756.75
180 days to 210 days6.356.356.856.85
211 days to less than 1 year6.46.46.96.9
1 year to less than 2 year6.46.656.97.15
2 years to less than 3 years6.66.657.17.15
3 years to less than 5 years6.76.77.27.2
5 years and up to 10 years6.756.757.257.25
Fixed deposit (FD) interest rates offered by ICICI Bank
Tenure PeriodRate of Interest (% p.a.)
w.e.f June 07, 2018
GeneralSenior Citizen*
7 days to 14 days44.5
15 days to 29 days4.254.75
30 days to 45 days5.56
46 days to 60 days5.756.25
61 days to 90 days66.5
91 days to 120 days66.5
121 days to 184 days66.5
185 days to 289 days6.256.75
290 days to less than 1 year6.57
1 year to 389 days6.67.1
390 days to 2 years6.757.25
2 years 1 day upto 5 years77.5
5 years 1 day upto 10 years77.5
5 Years Tax saver FD(Max upto Rs. 1.50 lac)77.5
Fixed deposit (FD) interest rates offered by HDFC Bank
Period< 1 Crore
Interest Rate 
(per annum)		**Senior Citizen Rates 
(per annum)
7 - 14 days3.50%4.00%
15 - 29 days4.25%4.75%
30 - 45 days5.75%6.25%
46 - 60 days6.25%6.75%
61 - 90 days6.25%6.75%
91 days - 6 months6.25%6.75%
6 mnths 1 day- 6 mnths 3 days6.35%6.85%
6 mnths 4 days6.35%6.85%
6 mnths 5 days- 9 mnths6.40%6.90%
9 mnths 1 day- 9 mnths 3 days6.40%6.90%
9 mnths 4 days6.40%6.90%
9 months 5 days - 9 months 15 days6.40%6.90%
9 months 16 days6.40%6.90%
9 months 17 days < 1 Year6.40%6.90%
1 Year6.85%7.35%
1 year 1 day - 1 year 3 days6.65%7.15%
1 year 4 days6.65%7.15%
1 year 5 days - 1 Year 15 Days6.65%7.15%
1 Year 16 days6.65%7.15%
1 year 17 days - 2 Years7.00%7.50%
2 years 1day - 2 Years 15 days7.00%7.50%
2 Years 16 days7.00%7.50%
2 years 17 days - 3 Years7.00%7.50%
3 years 1day - 5 years7.00%7.50%
5 Years 1 Day - 8 Years6.00%6.50%
8 Years 1 Day - 10 Years6.00%6.50%
Fixed deposit (FD) interest rates offered by Axis Bank
PERIODINTEREST RATES (% P.A.)
DEPOSITS BELOW RS. 1 CRORE
7 days to 14 days3.50
15 days to 29 days3.50
30 days to 45 days5.50
46 days to 60 days6.00
61 days < 3 months6.00
3 months < 4 months6.00
4 months < 5 months6.00
5 months < 6 months6.00
6 months < 7 months6.25
7 months < 8 months6.25
8 months < 9 months6.25
9 months < 10 months6.50
10 months < 11 months6.50
11 months < 1 year6.50
1 year < 13 months7.10
13 months < 14 months7.10
14 months < 15 months7.00
15 months < 16 months7.00
16 months < 17 months7.00
17 months < 18 months7.00
18 Months < 2 years7.00
2 years < 30 months7.00
30 months < 3 years7.00
3 years < 5 years7.00
5 years to 10 years7.00
PERIODINTEREST RATES (% P.A.)
DEPOSITS BELOW RS. 1 CRORE
7 days to 14 days3.50
15 days to 29 days3.50
30 days to 45 days5.50
46 days to 60 days6.00
61 days < 3 months6.00
3 months < 4 months6.00
4 months < 5 months6.00
5 months < 6 months6.00
6 months < 7 months6.50
7 months < 8 months6.50
8 months < 9 months6.50
9 months < 10 months6.75
10 months < 11 months6.75
11 months < 1 year6.75
1 year < 13 months7.75
13 months < 14 months7.75
14 months < 15 months7.65
15 months < 16 months7.65
16 months < 17 months7.65
17 months < 18 months7.65
18 Months < 2 years7.65
2 years < 30 months7.65
30 months < 3 years7.50
3 years < 5 years7.50
5 years to 10 years7.50
Fixed deposit (FD) interest rates offered by YES Bank
RESIDENT FIXED DEPOSIT INTEREST RATES (% p.a)**
PeriodRates for < 1 Crore w.e.f 5th June 2018
RegularSenior Citizen***
Interest RatesAnnualised Yield^Interest RatesAnnualised Yield^
7 to 45 days5.00%5.00%5.50%5.50%
46 to 90 days7.00%7.00%7.50%7.50%
3 months to < 6 months6.90%6.90%7.40%7.40%
6 months to < 9 months6.70%6.76%7.20%7.26%
9 months to < 1 Year6.70%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 Days7.40%7.61%7.90%8.14%
18 Months 8 Days to18 Months 18 Days7.50%7.71%8.00%8.24%
36 Months 10 Days to36 Months 20 Days7.25%7.45%7.75%7.98%
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