After the RBI’s Monetary Policy Committee (MPC) recently raised the key repo rate by 50 basis points, the fourth consequent hike since May to control inflation. The back-to-back repo rate hikes have also prompted the banks to raise interest rates on both deposits and loans. The lenders have raised interest rates on fixed deposits in the past few months.
Here’s the comparison of the current fixed deposit (FD) interest rates offered by three lenders ICICI Bank, Kotak Mahindra Bank and HDFC Bank on deposits below Rs 2 crore:
ICICI Bank’s FD Interest Rates (Below Rs 2 Crore):
7 days to 14 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
15 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 60 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
61 days to 90 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
91 days to 120 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
121 days to 150 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
151 days to 184 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
185 days to 210 days: For General Public – 4.90 per cent; For Senior Citizens – 5.40 per cent
211 days to 270 days: For General Public – 4.90 per cent; For Senior Citizens – 5.40 per cent
271 days to 289 days: For General Public – 4.90 per cent; For Senior Citizens – 5.40 per cent
290 days to less than 1 year: For General Public – 4.90 per cent; For Senior Citizens – 5.40 per cent
1 year to 389 days: For General Public – 5.70 per cent; For Senior Citizens – 6.20 per cent
390 days to less than 15 months: For General Public – 5.70 per cent; For Senior Citizens – 6.20 per cent
15 months to less than 18 months: For General Public – 5.70 per cent; For Senior Citizens – 6.20 per cent
18 months to 2 years: For General Public – 5.70 per cent; For Senior Citizens – 6.20 per cent
2 years 1 day to 3 years: For General Public – 5.80 per cent; For Senior Citizens – 6.30 per cent
3 years 1 day to 5 years: For General Public – 6.10 per cent; For Senior Citizens – 6.60 per cent
5 years 1 day to 10 years: For General Public – 6.00 per cent; For Senior Citizens – 6.60 per cent.
Kotak Mahindra Bank’s Latest FD Interest Rates:
7 days to 14 days – For General Public: 2.50 per cent; For Senior Citizens: 3.00 per cent
15 days to 30 days – For General Public: 2.65 per cent; For Senior Citizens: 3.15 per cent
31 days to 45 days – For General Public: 3.25 per cent; For Senior Citizens: 3.75 per cent
46 days to 90 days – For General Public: 3.25 per cent; For Senior Citizens: 3.75 per cent
91 days to 120 days – For General Public: 3.75 per cent; For Senior Citizens: 4.25 per cent
121 days to 179 days – For General Public: 3.75 per cent; For Senior Citizens: 4.25 per cent
180 days – For General Public: 5.00 per cent; For Senior Citizens: 5.50 per cent
181 days to 269 days – For General Public: 5.00 per cent; For Senior Citizens: 5.50 per cent
270 days – For General Public: 5.00 per cent; For Senior Citizens: 5.50 per cent
271 days to 363 days – For General Public: 5.25 per cent; For Senior Citizens: 5.75 per cent
364 days – For General Public: 5.50 per cent; For Senior Citizens: 6.00 per cent
365 days to 389 days – For General Public: 6.00 per cent; For Senior Citizens: 6.50 per cent
390 days (12 months 25 days)- For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent
391 days to less than 23 months – For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent
23 months – For General Public: 6.20 per cent; For Senior Citizens: 6.70 per cent
23 months 1 days to less than 2 years – For General Public: 6.20 per cent; For Senior Citizens: 6.70 per cent
2 years to less than 3 years – For General Public: 6.20 per cent; For Senior Citizens: 6.70 per cent
3 years and above but less than 4 years – For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent
4 years and above but less than 5 years – For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent
5 years and above up to and inclusive of 10 years – For General Public: 6.10 per cent; For Senior Citizens: 6.60 per cent.
HDFC Bank’s Latest FD Interest Rates:
7 days to 14 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent
15 days to 29 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent
30 days to 45 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent
46 days to 89 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent
90 days to 6 months: For General Public – 3.75 per cent; For Senior Citizens – 4.25 per cent
6 months 1 days to 9 months: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent
9 months 1 day to less than 1 year: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent
1 year: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
Above 1 year to 2 years: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
Above 2 Years to 3 Years: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
Above 3 years to 5 years: For General Public – 6.10 per cent; For Senior Citizens – 6.60 per cent
Above 5 years to 10 years: For General Public – 5.75 per cent; For Senior Citizens – 6.50 per cent.
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