State Bank Of India

SBI is offering 6.80% interest rate on FDs from 1 year to 2 years. Whereas, the FD rate under AMRIT KALASH is being offered at 7.10% for a period of 400 days.

HDFC bank

HDFC Bank is offering 6.60% interest rate on FDs of 1 year to less than 15 months. At the same time, it is offering 7.10% interest rate for FDs of less than 15 months to 18 months. The bank is offering the highest rate of 7.25% on FDs from 4 years 7 months to 55 months. This is a Limited Edition Bank FD.

ICICI Bank

ICICI Bank (ICICI Bank) is offering 6.70% interest rate for FDs of less than 1 year to 15 months for general citizens. The bank is offering the highest interest rate of 7.10% for FDs with tenures ranging from 15 months to less than 2 years. These rates are applicable from February 24, 2023.

Canara Bank

Canara Bank is offering the highest interest rate of 7.25% on FDs with a tenure of 444 days for general citizens. These rates are applicable from April 5, 2023.

Yes bank

Yes Bank is offering 7.50% interest rate on FDs of 1 year to less than 18 months. These rates are effective from May 2, 2023.

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However, after the introduction of monetary policy, it has been normal for banks to change the interest rates of FDs and loans etc. So here we are going to tell you about the top-5 private banks of the country which are now giving good returns on FDs.

Banks generally offer FD schemes for a period ranging from 7 days to 10 years. Here you are going to tell about the FD interest rates of top-5 private banks. This includes HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Yes Bank.

Private Banks and their FD Interest Rates

Private banks also offer FD schemes ranging from 7 days to 10 years. FD interest rates of banks are as follows…

1. HDFC Bank: 3 to 7.25 percent interest is available on FD in the country’s largest private bank. The highest interest is 7.25 percent on FD of 4 years 7 months. At the same time, good interest is offered on FDs up to a period of 10 years. The maximum interest on FD for senior citizens is 7.75 percent.
2. ICICI Bank: The interest on FD in this bank ranges from 3 percent to 7.10 percent. The highest interest is available for a period of more than 15 months but less than 2 years. Senior citizens get 0.50 percent more interest than the common people.
3. Axis Bank: FD interest rates in Axis Bank, another private sector bank, range from 3.50 percent to 7.10 percent. The highest interest is available on FDs of more than 13 months but less than one and a half years i.e. 18 months. Senior citizens are offered interest of up to 0.50 percent. These new rates have remained the same since May 18.
4. Yes Bank: Yes Bank is offering FD interest ranging from 3.25 percent to 7.75 percent on FD to its customers. While senior citizens are getting interest up to 0.50 percent more than this. Bank’s FD of more than 18 months but less than 36 months gives the highest interest.
5. Kotak Mahindra Bank: The FD interest rate in this bank starts from 2.75 percent and goes up to 7.20 percent at the top level. The bank gives the highest interest on FD schemes with a tenure of 390 days or more but less than 2 years.

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These new rates have come into effect from 1 June 2023. Last month, PNB had increased the interest rates on some FDs. Punjab National Bank offers FDs ranging from days to 10 years for common citizens. He gives FD interest between 3.05% to 7.25% on this. The bank offers the highest interest of 7.25% on 444 days FD.

Interest has been reduced on these FDs

The bank has cut the interest rate for the common people by 5 bps on the affidavit maturing in 1 year. Now this FD has been increased from 6.80% to 6.75%. Last month, the bank had reduced the interest rate on FDs maturing in 666 days from 7.25% to 7.05%.

Punjab National Bank is giving this much interest on FD of less than Rs 2 crore

7 days to 14 days: For general public – 3.50 per cent; For senior citizens – 4.00 percent

15 days to 29 days: For general public – 3.50 per cent; For senior citizens – 4.00 percent

30 days to 45 days: For general public – 3.50 per cent; For senior citizens – 4.00 percent

46 days to 90 days: For general public – 4.50 per cent; For senior citizens – 5.00 percent

91 days to 179 days: For general public – 4.50 per cent; For senior citizens – 5.00 percent

180 days to 270 days: For general public – 5.50 per cent; For senior citizens – 6.00 percent

271 days to less than 1 year: For general public – 5.80 per cent; For senior citizens – 6.30 percent

1 year: For general public – 6.75 per cent; For senior citizens – 7.25 percent

More than 1 year to 443 days: For general public – 6.80 per cent; For senior citizens – 7.30 percent

444 days: For general public – 7.25 per cent; For senior citizens – 7.75 percent

445 to 665 days: For general public – 6.80 per cent; For senior citizens – 7.30 percent

666 days: For general public – 7.05 per cent; For senior citizens – 7.55 percent

667 days to 2 years: For general public – 6.80 per cent; For senior citizens – 7.30 percent

More than 2 years up to 3 years: For general public – 7.00 per cent; For senior citizens – 7.50 percent

Above 3 years to 5 years: For general public – 6.50 per cent; For senior citizens – 7.00 percent

5 years to 10 years: For general public – 6.50 per cent; For senior citizens – 7.30 per cent.

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Now a bank has increased the interest rates on FD. Actually, Fincare Small Finance Bank has changed its FD interest rates for senior citizens and others. Recently, the bank said in a statement that common customers can earn up to 8.51 per cent interest on FDs and senior citizens can earn up to 9.11 per cent, but for this the minimum deposit should be Rs 5000. The revised rates have come into effect from May 25, 2023.

Up to 9.11 percent interest to senior citizens

Fincare Bank is offering 9.11 percent interest on 1000 days FD to senior citizens. This is the highest interest rate offered by this bank over different tenures. For common citizens, the interest rate on FD of 1000 days is 8.51 percent.

FD rates of Fincare Small Finance Bank

The bank is offering 8.6 percent interest to senior citizens and 8 percent interest to others on FDs ranging from 59 days, 1 day to 66 months. On FDs ranging from 66 months 1 day to 84 months, senior citizens will get a return of 7.6 per cent and others up to 7 per cent. The bank is also giving 8.85 per cent interest to senior citizens on deposits of 36 months 1 day to 42 months, while ordinary citizens will get 8.25 per cent interest on FDs of the same duration.

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Banks are offering good interest to senior citizens along with regular customers. Some banks are giving annual interest of up to 8.50 percent on FD. Let us know about the interest rate of five banks- Axis Bank is offering 6.75% for one year, 7.26% for two years and 7.00% for 3 years. Senior citizens are being given additional interest of 0.75% for all the three tenures.

Bandhan Bank has offered an interest rate of 7.25% for one year, 8.00% for 600 days, 7.25% for 2 years and 3 years. For senior citizens, additional interest of 0.50% is being given in every tenure.

RBL Bank is offering 7.00% for one year, 7.80% for 725 days, 7.00% for 2 years and 3 years. 0.50% additional interest is being offered by the bank for senior citizens.

IDFC First Bank is offering 6.75% interest for one year, 7.25% for 2 years and 7.75% for 3 years. 0.50% additional interest is being offered by the bank on all the three tenures.

DCB Bank is offering 7.25% interest for one year FD, 8.00% for 2 years and 7.60% for 3 years. DCB is also offering an additional interest of 0.50% on all the three tenures.

(Note: These interest rates have been taken from the official website of the banks. Rates are effective for deposits below Rs 2 crore.)

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The annual interest rate on FDs of 2 years to less than 3 years will be 7 percent. The interest rate on FDs of 3 years to 4 years is 6.5 percent. It is getting 6.25 percent interest on FDs between 4 years and 5 years. Not only this, Indian Overseas Bank (IOBs) has also increased the interest rates on Fixed Deposit.

Interest rates are applicable from today

These new rates of Kotak Mahindra Bank have come into effect from today, April 10, 2023. The bank is now paying 7.20 per cent interest on FDs ranging from 390 days to less than two years. 6.20 percent interest is being received on FDs of more than 5 years. Along with this, senior citizens are getting 0.50 percent more interest. Here are the FD interest rates of Kotak Mahindra Bank from today.

• 7 days to 14 days – For general public: 2.75 per cent; For Senior Citizen: 3.25 percent
• 15 days to 30 days – For general public: 3.00 per cent; For Senior Citizen: 3.50 percent
• 31 days to 45 days – For general public: 3.25 per cent; For Senior Citizen: 3.75 percent
• 46 days to 90 days – For general public: 3.50 per cent; For Senior Citizen: 4.00 percent
• 91 days to 120 days – For general public: 4.00 per cent; For Senior Citizen: 4.50 percent
• 121 days to 179 days – For general public: 4.25 per cent; For Senior Citizen: 4.75 percent
• 180 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent
• 181 days to 269 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent
• 270 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent
• 271 days to 363 days – For general public: 5.75 per cent; For Senior Citizen: 6.25 percent
• 364 days – For general public: 6.00 per cent; For Senior Citizen: 6.50 percent
• 365 days to 389 days – For general public: 7 percent; For Senior Citizen: 7.50 percent
• 390 days (12 months 25 days) – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
• 391 days to less than 23 months – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
• 23 months – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
• 23 months 1 day to less than 2 years – For general public: 7.20 per cent; For Senior Citizen: 7.70 percent
• 2 years to less than 3 years – For general public: 7 percent; For Senior Citizen: 7.50 percent
• 3 years and above but less than 4 years – For general public: 6.50 per cent; For Senior Citizen: 7 percent
• 4 years and above but less than 5 years – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent
• 5 years and above and up to and including 10 years – For general public: 6.20 per cent; For Senior Citizen: 6.70 percent.

Indian Overseas Bank Interest Rates

Indian Overseas Bank (IOB) has revised the interest rates on FDs from 10 April 2023. The bank is now offering 6.50 per cent interest on one year FD. The bank has increased the interest by 0.10 percent.

Interest on FD of 444 days has been increased from 7 per cent to 7.25 per cent per annum. For FDs between 2 years and 3 years, the interest rate increased from 6.4 percent to 6.8 percent. For FDs of more than 3 years, the interest is 6.5 per cent. No changes have been made to it.

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Interest on 222 days special FD

In the PSB Utkarsh 222 days special FD scheme offered by Punjab and Sind Bank, 8.00 percent interest is being given to general citizens, 8.50 percent to senior citizens and 8.85 percent to very senior citizens.

Interest on 300 days special FD

PSB Fabulous 300 days special FD from the bank is getting 7.50 percent interest for general investors, 8.00 percent for senior citizens and 8.35 percent for very senior citizens.

Interest on 601 days special FD

PSB Fabulous 601 days special FD is being given 7.00 percent interest to general investors, 7.50 percent to senior citizens and 7.85 percent to very senior citizens by Punjab and Sind Bank.

Interest on 1051 days special FD

PSB SRSD 1051 Days Special FD has been launched by the bank, in which interest of 7.00 percent is being given to investors and 7.50 percent to senior investors.

Interest on normal FD

On behalf of Punjab and Sind Bank, interest of 2.80 percent to 6.25 percent is being given on FDs of 7 days to 10 days. In this, the maximum interest of 6.75 percent is being given on FDs of more than two years and less than three years.

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Shriram Finance Limited, one of the largest NBFCs in the country, belongs to the Shriram Group. Shriram Finance Limited is offering an interest of 9.05% per annum. Women senior citizens are getting this special FD rate. Shriram Finance Limited is offering 0.50% extra interest to senior citizens and 0.10% extra interest to women. Let us know about the FD schemes of Shriram Finance Limited.

Shriram Finance Limited had recently increased the interest

Shriram Finance Limited recently increased interest rates on FDs by 5 to 30 basis points. That is, the interest on FDs was increased from 0.05% to 0.30%. According to the company, customers can earn interest ranging from 9.05 percent to a maximum of 9.36 percent on customer FDs and an additional interest of 0.25 percent will also be given on all renewals. Shriram Finance Limited is giving additional interest of 0.50% to senior citizens and 0.10% to women.

These are the interest rates

The company said in an official statement that Shriram Finance has increased the interest on fixed deposits to 9.36 per cent. After the yield on this, you will get interest around 11.29 percent. The company said that the interest of FDs ranging from 12 months to 60 months has been renewed. You can apply offline or online with Shriram Finance Limited.

FD interest can be calculated on the website

Shriram Finance Limited had increased interest by 0.30 per cent on 12-month FDs. The interest received on this was earlier 7 per cent, which was increased to 7.30 per cent. Interest on 60-month FDs was increased by 0.15 per cent from 8.30 per cent to 8.45 per cent. Now a maximum interest of 9.05 per cent and 9.36 per cent is being offered. You can see the calculation of interest received by visiting the website of Shriram Finance Limited.

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The new rates have come into effect from today, February 10, 2023. Kotak Bank is offering FDs ranging from 7 days to 10 years to its customers. It is offering interest ranging from 2.75 per cent to 7.50 per cent to general customers and senior citizens. At the same time, 7.50 percent interest is being given to senior citizens.

These are the new rates of Kotak Bank

7 days to 14 days – For general public: 2.75 per cent; For Senior Citizen: 3.25 percent

15 days to 30 days – For general public: 3.00 per cent; For Senior Citizen: 3.50 percent

31 days to 45 days – For general public: 3.25 per cent; For Senior Citizen: 3.75 percent

46 days to 90 days – For general public: 3.50 per cent; For Senior Citizen: 4.00 percent

91 days to 120 days – For general public: 4.00 per cent; For Senior Citizen: 4.50 percent

121 days to 179 days – For general public: 4.25 per cent; For Senior Citizen: 4.75 percent

180 days – For general public: 5.50 per cent; For Senior Citizen: 6.00 percent

181 days to 269 days – For the general public: 6 percent; For Senior Citizen: 6.50 percent

270 days – For general public: 6 percent; For Senior Citizen: 6.50 percent

271 days to 363 days – For general public: 6 percent; For Senior Citizen: 6.50 percent

364 days – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent

365 days to 389 days – For general public: 6.90 per cent; For Senior Citizen: 7.40 percent

390 days (12 months 25 days) – For general public: 7 percent; For Senior Citizen: 7.50 percent

391 days to less than 23 months – For the general public: 7 percent; For Senior Citizen: 7.50 percent

23 months – For the general public: 7 percent; For Senior Citizen: 7.50 percent

23 months 1 day to less than 2 years – For general public: 7.10 per cent; For Senior Citizen: 7.60 percent

2 years to less than 3 years – For general public: 6.75 per cent; For Senior Citizen: 7.25 percent

3 years and above but less than 4 years – For general public: 6.50 per cent; For Senior Citizen: 7 percent

4 years and above but less than 5 years – For general public: 6.25 per cent; For Senior Citizen: 6.75 percent

5 years and above and up to and including 10 years – For general public: 6.20 per cent; For Senior Citizen: 6.70 percent.

Interest on FD increased after RBI increased repo rate

The Reserve Bank of India (RBI) in the Monetary Policy Committee ( MPC ) increased the repo rate by 25 basis points to 6.50 percent. To curb inflation, RBI has been increasing the repo rate since May. Due to this, most of the banks in India are increasing the interest rates on Fixed Deposit.

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Bank’s increased new FD rates

After this increase in interest rates, the bank is paying 8.10% interest on regular FD (non-callable) and 8.25% on FD Plus.Whereas on February 1, the bank had increased the interest rates of regular fixed deposits from 7.85% to 8.10%.According to the information received from the official website of the bank, the increased new interest rates are applicable from today i.e. 6th February.

7.40% interest will be available here

After this increase in the interest rate, Jana Small Finance Bank will give its customers 3.90% on 7 to 14 days fixed deposit plus FD, 4.40% on 15 days to 60 days FD and 61 days to 90 days Paying 5.40% interest on FD.On the other hand, the bank is paying 5.65% interest on FDs of 91 days to 180 days, 7.15% on FDs of 181 days to 364 days and 7.40% on FDs of 1 year.

Highest 8.25% interest is available here

On the other hand Jana Small Finance Bank is giving 7.65% interest to its customers on FDs of 1 year to 2 years while maximum interest of 8.25% is being given on FDs of 2 years to 3 years. Apart from this, the bank is giving 7.50% interest to its customers on FDs of 3 years to 5 years. At the same time, the bank is giving 7.40% interest to its customers on 5-year FD and 6.15% on 5-year to 10-year FD.

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The bank is offering 4.50 per cent to 7.15 per cent interest on FDs ranging from 7 days to 10 years to common people and 5 per cent to 7.65 per cent to senior citizens. These new rates have come into effect from January 3, 2023.

Now these are the new rates of HDFC Bank

7 days to 14 days: For general public – 4.50 per cent; For Senior Citizen – 5.00 percent

15 days to 29 days: For general public – 4.50 per cent; For Senior Citizen – 5.00 percent

30 days to 45 days: For general public – 5.25 per cent; For senior citizens – 5.75 percent

46 days to 60 days: For general public – 5.50 per cent; -6.00 percent for senior citizens

61 days to 89 months: For general public – 5.75 per cent; For Senior Citizen – 6.25 percent

90 days to 6 months: For general public – 6.25 per cent; For Senior Citizen – 6.75 percent

6 months 1 day to 9 months: For general public – 6.50 per cent; For Senior Citizen – 7.00 percent

9 months 1 day to less than 1 year: For general public – 6.65 per cent; For Senior Citizen – 7.10 percent

1 year to 15 months: For general public – 6.75 per cent; For Senior Citizen – 7.25 percent

15 months to less than 18 months: For general public – 7.15 per cent; For Senior Citizen – 7.65 percent

18 months to 2 years: For general public – 7.15 per cent; For Senior Citizen – 7.65 percent

2 years 1 day to 3 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent

3 years 1 day to 5 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent

5 years 1 day to 10 years: For general public – 7.00 per cent; For Senior Citizen – 7.50 percent.

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According to the official website of the bank, these new rates have come into effect from December 12, 2022. The bank is now offering FDs of 7 days to 10 years to its customers. AU Small Finance Bank is offering interest ranging from 3.75% to 7.20% on FDs. A maximum interest of 7.25% is being given to retail investors in the savings account.

AU Small Finance Bank – FD Rates

The bank is offering 3.75% interest on FDs of 7 days to 1 month and 15 days. 4.25% on FDs from 1 month to 3 months, 5% interest is being given on FDs from 3 months 1 day to 6 months. 6 months 1 day to 12 months FD is paying 6.10 percent interest. Paying 7.35% interest on FDs of 12 months to 15 months. 7.20 percent interest is being received on FDs ranging from 15 months to 24 months. The bank is paying 7.75 per cent interest on 24-month FD. Paying 7.20% interest on FDs ranging from 45 months to 120 months. The bank is giving a maximum interest of 8.50 per cent to senior citizens.

AU Small Finance Bank is offering interest ranging from 3.75% to 7.98% on FDs.

AU Small Finance Bank Savings Account Interest Rate

The bank is offering an interest of 3.50% on a savings account of less than Rs 1 lakh. 5.00% interest is being received on savings account from Rs 1 lakh to Rs 10 lakh. 6.00% on savings account from Rs 10 lakh to Rs 25 lakh, 7.00% on savings account from Rs 25 lakh to Rs 1 crore and 7.25% interest on savings account balance from Rs 1 crore to Rs 10 crore Staying The interest on the savings account is determined on a daily basis.

This is the interest on savings account

1 to 99,999 – 3.50%

1 Lakh to 9,99,999 – 5.00%

10 Lakh to 24,99,999 – 6.00%

25 Lakh to 1 Crore – 7.00%

1 Crore to 2 Crore – 7.25%

2 Crore to 5 Crore – 7.25%

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The new rates have come into effect from August 18, 2022. However, the rates have been increased only for FDs of less than Rs 2 crore. The Reserve Bank had recently increased the repo rate. After that there is an increase in the FD rate of banks. Earlier, State Bank has also increased the FD rate. Along with this, a new FD scheme has been started on the 75th anniversary of independence.

According to HDFC Bank, 5.50 percent interest will be available on FDs with a tenor of one year to two years. Earlier, 5.35 percent interest was available on FDs of the same period. In this way, the FD rate maturing in one to two years has been increased by 15 basis points.

FDs maturing in two years one day to three years will also get 5.50 percent interest. FDs maturing in three years from one day to five years will get 6.10 percent interest. Earlier, 5.70 percent interest was available on this FD. In this way, up to 40 basis points have been increased.

Latest HDFC Bank Interest Rate

2.75 percent interest is being given on FDs of 7 to 14 days and 3.25 percent interest is being given to senior citizens. 2.75 percent interest is being given on FD of 15 to 29 days and 3.25 percent interest is being given to senior citizens. On FDs of 30 to 45 days, 3.25 percent interest is being given to common people and 3.75 percent to senior citizens. Similarly, 3.25 percent interest is being given on 46 to 60 days and 3.75 percent for senior citizens, 3.25 percent for 61 to 89 days and 3.75 percent for senior citizens.

Hdfc Bank Interest Rate

Interest is being given on FDs of 90 days to 6 months, 3.75 percent and 4.25% for senior citizens, 4.65 percent on FDs of 6 months 1 day to 9 months and 4.25% for senior citizens. 4.65 per cent on FDs of 9 months 1 day to 1 year and 5.15 per cent to senior citizens, 5.50 per cent to 1 year FDs and 6% to senior citizens, 5.50 per cent on FDs of 1 year one day to 2 years and 6% to senior citizens , 5.50 percent on FDs of 2 years one day to 3 years and 6% for senior citizens, 6.10 percent on FDs of 3 years one day to 5 years and 6.60 percent for senior citizens and 5.75 on FDs of 5 years one day to 10 years 6.50 percent interest is being given to percent and senior citizens.

FD hike after repo rate hike

On 8 August 2022, the Reserve Bank of India increased the repo rate by 50 basis points. This was the third time that the RBI had increased the repo rate after May 2022. In this way, the Reserve Bank has increased the repo rate by 140 basis points so far. After this increase, banks have started increasing the FD rate. This is good news for the customers as they were getting low rates for many years, but now the increase is being seen.

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