SBI vs PNB vs HDFC Bank vs ICICI Bank vs Axis Bank: Check latest FD rates here | Personal Finance News

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New Delhi: A person can invest in FDs, if  his or her risk appetite is very low. On the other hand, if you are risk averse stay with fixed deposits as the advantages far outweigh the disadvantages.

The RBI monetary policy changes like repo rate, the base rate, and others determine the rates of Fixed deposit (FD) of banks.

Here is a comparison of FD rates from major lenders like State Bank of India (SBI), Punjab Naional Bank (PNB), ICICI Bank, HDFC Bank, and Axis Bank. These banks provide FD tenures ranging from 7 days to 10 years.

Check the latest FD interest rates given by PNB, Axis Bank, SBI, HDFC Bank and ICICI Bank:

SBI

7 days to 45 days: 2.9 percent

46 days to 179 days: 3.9 percent

180 days to 210 days: 4.4 percent

211 days to 364 days: 4.4 percent

1 year to less than 2 years: 5 percent

2 years to less than 3 years: 5.1 percent

3 years to less than 5 years: 5.3 percent

5 years and up to 10  years: 5.4 percent

 

PNB (Rate effective since May 1)

7 days to 14 days: 3.00 percent

15 days to 29 days: 3.00 percent

30 days to 45 days: 3.00 percent

46 days to 90 days: 3.25 percent

91 days to 179 days: 4.00 percent

180 days to 270 days: 4.40 percent

271 days – 1 year: 4.50 percent

Duration up to 1 year: 5.10 percent

1 year – up to 2 years: 5.10 percent

2 years – up to 3 years: 5.10 percent

3 years – 5 years:  up to 5.25 percent

5 years – 10 years: up to 5.25 percent

 

Axis Bank (Rate effective since May 6)

 

7 – 29 days: 2.5 percent

30 days – < 3 months: 3 percent

3 months- < 6 months: 3 percent

6 months-  < 1 year: 4.4 percent

1 year – < 1 year 5 days: 5.1 percent

1 year 5 days- < 1 year 11 days: 5.15 percent

1 year 11 days- < 15 months: 5.1 percent

15 months   – < 18 months: 5.2 percent

18 months – < 2 years: 5.25 percent

2 years – < 30 months: 5.4 percent

3o months – < 5 years: 5.4 percent

5 years to 10 years: 5.75 percent

 

HDFC Bank

7 – 14 days: 2.50 percent

15 – 29 days: 2.50 percent

30 – 45 days: 3.00 percent

46 – 60 days: 3.00 percent

61 – 90 days: 3.00 percent

91 days -6 months: 3.50 percent

6 months – 9 months: 4.40 percent

9 months 1 day < 1 Year: 4.40 percent

1 Year:  4.90 percent

1 year 1 day – 2 years: 4.90 percent

2 years 1 day – 3 years: 5.15 percent

3 year 1 day- 5 years: 5.30 percent

5 years 1 day – 10 years: 5.50 percent

 

ICICI Bank

7 days to 29 days: 2.50 percent

30 days to 90 days: 3.00 percent

91 days to 184 days: 3.50 percent

185 days to 364 days: 4.40 percent

1 year to < 18 months: 4.90 percent

18 months to 2 year: 5.00 percent

2 years 1 day to 3 years: 5.15 percent

3 years 1 day to 5 years: 5.35 percent

5 years 1 day to 10 years: 5.50 percent

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