FD Calculator - SBI vs HDFC vs ICICI Bank: Which will give more return for your fixed deposit money?

FD Calculator - SBI vs PNB vs Axis Bank: Fixed deposit (FD) is one of the most popular risk-free short-term investment options among the Indian investors.

FD Interest Rate — SBI vs HDFC Bank vs ICICI Bank: FD rates in SBI are different from the FD rates in HDFC Bank and FD rates in ICICI Bank. Photo: Reuters

FD Calculator - SBI vs PNB vs Axis Bank: Fixed deposit (FD) is one of the most popular risk-free short-term investment options among the Indian investors. However, it is always advisable to find options among the options as various banks give various FD interest rates. FD rates in SBI are different from the FD rates in HDFC Bank and FD rates in ICICI Bank. So, it's very important for the bank depositor to choose one's bank wisely and make more money from the same investment tool. However, State Bank of India (SBI) being the largest commercial bank in India and HDFC Bank and ICICI Bank being one of the largest private lenders in India, it becomes important to know which bank will give more FD interest rate.

FD rates in SBI

SBI offers FD interest rate in the range of 2.90 per cent to 5.4 per cent because FD interest rates are applicable on the basis of the tenure chosen by the bank depositor. As per the official website of the SBI — sbi.co.in — FD rates in SBI for the period of 7 days to 45 days is 2.90 per cent; for 46 days to 179 days and 211 days to less than 1 year tenors FD interest rate offered by the SBI is 3.90 per cent; for 180 days to 210 days tenor FD rates in SBI is 4.40 per cent; for 1 year to less than 2 year tenor SBi offers 4.90 per cent FD interest rate; for 2 years to less than 3 years tenor SBI FD interest rate is 5.10 per cent; for 3 years to less than 5 years tenor SBI FD interest rate is 5.30 per cent while for 5 years and up to 10 years tenor FD interest rate at SBI is 5.40 per cent.

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Source: sbi.co.in

FD rates in HDFC Bank

In HDFC Bank, FD interest rate offered ranges from 2.50 per cent to 5.50 per cent, depending upon the tenor selected by the bank depositor. As per the official website of the HDFC Bank — hdfcbank.com — for 7 to 14 days and from 15 to 29 days FD rates in HDFC Bank is 2.50 per cent; for tenor 30 to 45 days, 46 to 60 days and for 61 to 90 days FD rates in HDFC Bank is 3.00 per cent; for 91 days to 6 months tenor FD interest rate offered by the HDFC Bank is 3.50 per cent; from six month one day to nine month and from nine month one day to less than one year tenor FD rates in HDFC Bank is 4.40 per cent; for one year and one year one day to two year tenor FD rates in HDFC Bank is 4.90 per cent; from two year one day to three years tenor FD interest rates offered by HDFC Bank is 5.15 per cent; for three year one day to five year tenor FD rates in HDFC Bank is 5.30 per cent while for Five year one day to 10 years FD rates in HDFC Bank is 5.50 per cent.

Source: hdfcbank.com

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FD rates in ICICI Bank

FD interest rate in ICICI Bank ranges from 2.50 per cent to 5.35 per cent, depending upon the tenure selected by the ICICI Bank FD account holder. According to the official website of the ICICI Bank — icicibank.com — for 7 to 14 days and from 15 to 29 days FD rates in ICICI Bank is 2.5 per cent; for tenor 30 to 45 days, 46 to 60 days and for 61 to 90 days FD rates in ICICI Bank is 3.00 per cent; for 91 days to 120 days and for 121 days to 184 days tenor FD rates in ICICI Bank is 3.50 per cent; for 185 days to 210 days, 211 days to 270 days, 271 days to 289 days and 290 days to less than 1 year temnor FD interest rate offered by ICICI Bank is 4.40 per cent; for 1 year to 389 days and for 390 days to less than 18 months tenor FD interest rate offered by ICICI Bank is 4.90 per cent; for 18 months to 2 years tenor FD interest rate at ICICI Bank is 5.00 per cent; for 2 years 1 day to 3 years tenor FD rates in ICICI Bank is 5.15 per cent; for 3 years 1 day to 5 years tenor FD rates in ICICI Bank is 5.35 per cent; for 5 years 1 day to 10 years tenor FD interest rate at ICICI Bank is 5.50 per cent.

Source: icicibank.com

So, those FD investors, who are looking for short-term FD, SBI is better suited for them as the FD interest rate in SBI is higher than FD interest rates in HDFC Bank and ICICI Bank. However, for long-term FD, they need to go by the tenor and the interest rate offered by the banks and then select their bank for a higher FD interest rate.

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