New Delhi: Fixed deposits (FDs) are quite popular because they offer stability even when the market is unpredictable. Unlike investments that depend on how well the market does, FDs give you a fixed interest rate right from the start. This means you know exactly how much you’ll get, which makes it a safe choice, especially if you don’t want to take risks.
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Here are the latest fixed deposit interest rates from HDFC Bank, State Bank of India (SBI), and ICICI Bank for deposits below Rs 2 crore:
Latest HDFC Bank’s FD Interest Rate
– For deposits ranging from 7 days to 14 days, the interest rate is 3 percent for the general public and 3.5 percent for senior citizens.
– For deposits from 15 days to 29 days, the interest rate remains the same at 3 percent for the general public and 3.5 percent for senior citizens.
– For deposits between 30 days to 45 days, the interest rate is 3.5 percent for the general public and 4 percent for senior citizens.
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– The interest rates increase gradually as the deposit tenure increases, reaching a maximum of 7 percent for the general public and 7.75 percent for senior citizens for a tenure of 5 years 1 day to 10 years.
Latest State Bank of India’s FD Interest Rate
– For deposits from 7 days to 45 days, the interest rate is 3.5 percent for the general public and 4 percent for senior citizens.
– For deposits ranging from 46 days to 179 days, the interest rate is 4.75 percent for the general public and 5.25 percent for senior citizens.
– The interest rates increase with longer tenures, reaching a maximum of 6.8 percent for the general public and 7.3 percent for senior citizens for a tenure of 1 year to less than 2 years.
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Latest ICICI Bank’s FD Interest Rates
ICICI Bank offers similar interest rates as HDFC Bank and SBI, with rates ranging from 3 percent to 7 percent for the general public and 3.5 percent to 7.5 percent for senior citizens, depending on the deposit tenure.
