SBI vs HDFC Bank vs ICICI vs Axis Bank new FD rates - Know who charges what

Notably, the new rate of interest will come into effect from 10 September 2019 ie. Today. After the latest revision, SBI will now give 4.50% to 6.70% interest on FDs maturing in 7 days to 10 years.

SBI vs HDFC Bank vs ICICI vs Axis Bank new FD rates - Know latest FD interest rates, Photo: Reuters

FD Rates: The country's largest lender State Bank of India (SBI) has news for its FD customers. Now, the fixed deposit holder is going to get up to 20-25 basis points lesser interest on their fixed deposits from now onwards. Notably, the new rate of interest will come into effect from 10 September 2019 ie. Today. After the latest revision, SBI will now give 4.50% to 6.70% interest on FDs maturing in 7 days to 10 years.

State Bank of India (SBI):
SBI is offering 4.50% and 5.50% interest for FDs having the maturity period of 7 days to 45 days and 46 days to 179 days respectively.

SBI latest FD interest rates (below ₹2 crore) for the general public:

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7 days to 45 days 4.50%

46 days to 179 days 5.50%

180 days to 210 days 5.80%

211 days to less than 1 year 5.80%

1 year to less than 2 year 6.50%

2 years to less than 3 years 6.25%

3 years to less than 5 years 6.25%

5 years and up to 10 years 6.25%

HDFC Bank:
India’s largest private sector lender by assets, HDFC Bank is offering an interest rate of 3.50%, 4.25% and 5.15% on fixed deposits maturing in 7 to 14 days, 15 to 29 days and 30-45 days respectively.

Here come the HDFC Bank latest FD interest rates for the general public (below ₹2 crore):

7 to 14 days-3.50%

15 to 29 days-4.25%

30 to 45 days-5.15%

46 to 60 days-5.65%

61 to 90 days-5.65%

91 days to 6 months-5.65%

6 months 1 day to 9 months-6.25%

9 months 1 day to less than 1 year-6.35%

1 year-6.90%

1 year 1 day to 2 years-6.80%

2 years 1 day to 3 years-7.10%

3 year 1 day to 5 years-7.00%

5 years 1 day to 10 years-7.00%

ICICI Bank:
ICICI Bank, one of the country's largest private banks, has recently changed the interest rates on its Fixed Deposits. The bank has taken this step a week after the RBI has announced a rate cut in interest rates. ICICI Bank offers FD from 7 days to 10 years duration, According to the latest ICICI Bank FD rates, the bank is offering 4% interest rate on short-term deposits between 7 days and 14 days.

Here are the ICICI Bank latest FD interest rates for the general public (below ₹2 crore)

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%

18 months to 2 years 7.10%

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%

5 Years Tax saver FD 7%

Axis Bank:
Private sector lender Axis Bank has also revised interest rates on Fixed Deposits, a week after the RBI has announced a rate cut in interest rates. Axis Bank's new interest rate on fixed deposits came into effect from 10 August 2019. Axis Bank offers fixed deposits across different maturities - ranging from 7 days to 10 years. After the latest revision, Axis Bank is offering 3.5% interest on FDs between 7 days to 14 days, 6% interest rate on FDs between 46 days to 6 months.

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Here are the Axis Bank latest FD interest rates (below ₹2 crore) for general public

7 days to 14 days-3.50%

15 days to 29 days-3.50%

30 days to 45 days-5.50%

46 days to 60 days-5.75%

61 days < 3 months-5.75%

3 months < 4 months-5.75%

4 months < 5 months-5.75%

5 months < 6 months-6.00%

6 months < 7 months-6.25%

7 months < 8 months-6.25%