State Bank of India New Fixed Deposit Rates Come into Effect from Today; SBI FD Interest Rates vs HDFC, IDFC First, ICICI Bank
Fixed deposits (FDs) in Banks have always been a popular investment product in India. All major banks, including the State Bank of India, HDFC Bank, ICICI Bank, IDFC First Bank etc. offer fixed deposits ranging from 7 days to 10 years. Earlier this month, the Reserve Bank of India (RBI) had lowered the lending rate, after which, a number of banks also revised their interest rates across all tenures. Hence before selecting an FD to invest in, don’t forget to compare the interest rates it offers. SBI twice modified its FD rates after the RBI rate cut.
Fixed deposits (FDs) in Banks have always been a popular investment product in India. All major banks, including the State Bank of India, HDFC Bank, ICICI Bank, IDFC First Bank etc. offer fixed deposits ranging from 7 days to 10 years. Earlier this month, the Reserve Bank of India (RBI) had lowered the lending rate, after which, a number of banks also revised their interest rates across all tenures. Hence before selecting an FD to invest in, don’t forget to compare the interest rates it offers. SBI twice modified its FD rates after the RBI rate cut.
The lender has cut retail FD rates by 10 - 50 basis points across maturities while big deposits have also seen 30-70 basis points slash across tenors. The revised rates come into effect from today, 26th August 2019.
SBI latest FD rates for general public (below Rs. 2 crore)
|
7 days to 45 days |
4.50% |
|
46 days to 179 days |
5.50% |
|
180 days to 210 days |
6.00% |
|
211 days to less than 1 year |
6.00% |
|
1 year to less than 2 year |
6.70% |
|
2 years to less than 3 years |
6.50% |
|
3 years to less than 5 years |
6.25% |
|
5 years and up to 10 years |
6.25% |
IDFC First Bank latest FD rates for general public (below Rs 2 crore)
IDFC First Bank has recently revised its fixed deposits rate effective from 21 August 2019. The bank offers interest ranging from 4% to 8.0% on deposits maturing in 1 year to 10 years.
|
7-14 days |
4.00% |
|
15-29 days |
5.00% |
|
30-45 days |
6.25% |
|
46 -90 days |
6.50% |
|
91-180 days |
6.75%
|
|
181 days to less than 1 year |
7.00% |
|
1 year |
8.00% |
|
1 year 1 day to 2 years |
8.00% |
|
2 years 1 day- 5 years |
7.50% |
|
5 year 1 day-10 years |
7.25% |
|
Tax saver deposits 5 years |
7.75% |
ICICI Bank latest FD Rates for general public (below Rs. 2 crore)
ICICI Bank also provides fixed deposits from maturities ranging from 7 days to 10 years. It had revised the interest rates on FDs with effect from 14th August 2019.
|
7 days to 14 days |
4.00% |
|
15 days to 29 days |
4.25% |
|
30 days to 45 days |
5.25% |
|
46 days to 60 days |
5.75% |
|
61 days to 90 days |
5.75% |
|
91 days to 120 days |
5.75% |
|
121 days to 184 days |
5.75% |
|
185 days to 289 days |
6.25% |
|
290 days to less than 1 year |
6.50% |
|
1 year to 389 days |
6.70% |
|
390 days to less than 18 months |
6.80% |
|
2 years 1 day upto 3 years |
7.10% |
|
3 years 1 day upto 5 years |
7% |
|
5 years 1 day upto 10 years |
7% |
HDFC Bank latest FD rates for general public (below Rs. 2 crore)
|
7 - 14 days |
3.50% |
|
15 - 29 days |
4.25% |
|
30 - 45 days |
5.50% |
|
46 - 60 days |
6.00% |
|
61 - 90 days |
6.00% |
|
91 days - 6 months |
6.00% |
|
6 months 1 days - 9 months |
6.50% |
|
9 months 1 day < 1 Year |
6.75% |
|
1 Year |
7.00% |
|
1 year 1 day - 1 year 3 days |
7.00% |
|
1 year 5 days - 1 Year 16 Days |
7.00% |
|
1 year 17 days - 2 Years |
7.10% |
|
2 years 1 days - 3 Years |
7.30% |
|
3 years 1day - 5 years |
7.25% |
|
5 Years 1 Day - 10 Years |
7.00% |
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