India’s top 5 bank tenors are being compared on the basis of FD (fixed deposit) interest rates for amounts below Rs 2 crore. The top 5 well-known banks are SBI, HDFC Bank, ICICI Bank, Union Bank of India and Kotak Mahindra Bank.
State Bank of India FD interest rates
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SBI is offering interest rates between 3% to 6.75% for tenure ranging from 7 days to 10 years which has come into effect from December 13, 2022.
| Tenor | Interest Rates for Public | Interest Rates for Senior Citizens |
| 7 days- 45 days | 3% | 3.5% |
| 46 days- 179days | 4.5% | 5% |
| 180 days- 210 days | 5.25% | 5.75% |
| 211 days to less than 1 year | 5.75% | 6.25% |
| 1 year to less than 2 years | 6.75% | 7.25% |
| 2 years to less than 3 years | 6.75% | 7.25% |
| 3 years to less than 5 years | 6.25% | 6.75% |
| 5years to less than 10 years | 6.25% | 7.25% |
HDFC Bank FD Interest Rates
HDFC Bank is offering interest rates between 3% to 7% for tenure ranging from 7 days to 10 years which has come into effect from January 24, 2024.
| Tenor | Interest Rates for Public Citizens | Interest Rates for Senior Citizens |
| 7 days – 14 days | 3% | 3.50% |
| 15days -29 days | 3% | 3.50% |
| 30days- 45days | 3.50% | 4% |
| 46 days- 60days | 4.50% | 5% |
| 61days- 89days | 4.50% | 5% |
| 90 days< = 9 months | 5.75% | 6.25% |
| 9 months 1day to <1 year | 6% | 6.50% |
| 1 year to<15 months | 6.60% | 7.10% |
| 15 months to <18motnhs | 7% | 7.50% |
| 18 months to<21months | 7% | 7.50% |
| 21 months- 2years | 7% | 7.50% |
| 2 years 1 day-3 years | 7% | 7.50% |
| 3 years 1 day- 5 years | 7% | 7.50% |
| 5years 1 day- 10years | 7% | 7.75% |
ICCI Bank FD Interest Rates
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ICICI Bank is offering interest rates between 3% to 7% for tenure ranging from 7 days to 10 years which has come into effect from December 16, 2022.
| Tenor | Interest Rates for Public Citizens | Interest Rates for Senior Citizens |
| 7days-14days | 3% | 3.50% |
| 15days-29days | 3% | 3.50% |
| 30days-45days | 3.50% | 4% |
| 46days-60days | 4% | 4.50% |
| 61days-90days | 4.50% | 5% |
| 91days-120days | 4.75% | 5.25% |
| 120days-150days | 4.75% | 5.25% |
| 151days-184days | 4.75% | 5.25% |
| 185days-210days | 5.50% | 6% |
| 211days-270days | 5.50% | 6% |
| 271days-289days | 5.50% | 6% |
| 290days to less than 1year | 5.75% | 6.25% |
| 1year-389days | 6.60% | 7.10% |
| 390days to <15months | 6.60% | 7.10% |
| 15months to <18months | 7% | 7.50% |
| 18months to 2 years | 7% | 7.50% |
| 2years 1day to 3years | 7% | 7.50% |
| 3years 1day to 5years | 7% | 7.50% |
| 5years 1day to 10years | 6.90% | 7.50% |
| 5 years (80C FD)- Max to 1.50lac | 7% | 7.50% |
Union Bank of India FD Interest Rates
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Union Bank of India is offering interest rates between 3% to 7.30% for tenure ranging from 7 days to 10 which has come into effect from November 25, 2022.
| Period | Interest Rate |
| 7days-14days | 3% |
| 15days030days | 3% |
| 31days-45days | 3% |
| 46days-90days | 4.05% |
| 91days-120days | 4.3% |
| 121days-180days | 4.4% |
| 181days to<1year | 5.25% |
| 1year | 6.3% |
| >1year to 598days | 6.30% |
| 599days | 7% |
| 600days- 699days | 6.30% |
| 700days | 7.25% |
| >700days to 2year | 6.30% |
| >2year to 799days | 6.30% |
| 800days | 7.30% |
| 801days to less than 3year | 6.30% |
| 3years | 7.30% |
| >3year to 5years | 6.7% |
| >5 years to 10years | 6.7% |
Kotak Mahindra bank FD Interest Rates
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Kotak Mahindra bank offers interest rates between 2.75% to 7% for tenure ranging from 7 days to 10 years which has come into effect from January 16, 2023.
| Tenor | Interest Rate for Public Citizens | Interest Rate for Senior Citizens |
| 7days-14days | 2.75% | 3.25% |
| 15days-30days | 3% | 3.50% |
| 31days-45days | 3.25% | 3.75% |
| 46days-90days | 3.50% | 4% |
| 91days-120days | 4% | 4.50% |
| 121days-179days | 2.35% | 4.75% |
| 180days | 5.75% | 6.25% |
| 181days-269days | 5.75% | 6.25% |
| 270days | 5.75% | 6.25% |
| 271days-363days | 5.75% | 6.25% |
| 364days | 6% | 6.50% |
| 365days-389days | 6.75% | 7.25% |
| 390days(12months 25 days) | 7% | 7.50% |
| 391days-less than 23 months | 7% | 7.50% |
| 23 months | 7% | 7.50% |
| 23 months 1day-less than 2years | 7% | 7.50% |
| 2years-less than 3years | 6.75% | 7% |
| 3 years and above but less than 4 years | 6.30% | 6.80% |
| 4 years and above but less than 5 years | 6.25% | 6.75% |
| 3 years and above up to and inclusive of 10years | 6.20% | 6.70% |
