Latest Fixed Deposit Interest Rates of HDFC Bank Vs SBI Vs ICICI Vs PNB Vs Bandhan Bank

fixed deposits interest rates, latest fixed deposits interest rates, fixed deposit interest rates in HDFC, fixed deposit interest rates in SBI, ICICI, Axis Bank, bandhan bankIt may be noted that a majority of large and small banks – including SBI, ICICI, Kotak Bank and Bandhan Bank – have revised their fixed deposit rates upwards in recent months.

Good news for people looking to invest in fixed deposits (FDs) this festive season. With a handful of banks hiking their FD rates recently, bank fixed deposits have become more attractive now. For example, HDFC Bank, the nation’s largest private sector lender, has just a few days back increased its FD interest rates by up to 50 basis points across various tenors. The new rates – which have been increased on domestic, NRO as well as NRE term deposits below Rs 1 cr as well as above Rs 1 crore to less than Rs 5 crore – have become effective from November 6 this year. Earlier, HDFC Bank had revised its fixed deposit rates on October 6, 2018.

It may be noted that a majority of large and small banks – including SBI, ICICI, Kotak Bank and Bandhan Bank – have revised their fixed deposit rates upwards in recent months. With the latest revision in the fixed deposit rates, on term deposits below Rs 1 crore, HDFC Bank – for instance – is now offering 7.30% interest rate on its term deposits for one year as against 7.25% before, while for the same term it is providing 7.80% interest rate to senior citizens as against 7.75% earlier.

Likewise, on FDs of 2 years 1 day up to 3 years, HDFC Bank is offering 7.40% interest rate for the general public and 7.90% for senior citizens as against 7.10% and 7.60% before. On FDs of 8 years 1 day to 10 years, the common man will get 6.50% return and senior citizens 7.00% as against 6.00% and 6.50% earlier.

Here’s a look at how the latest FD rates of different banks – including HDFC Bank, SBI, ICICI Bank, Kotak Bank and Bandhan Bank – compare.

First take a look at the latest interest rates of HDFC Bank’s Domestic, NRO and NRE term deposits below Rs 1 crore:

Bandhan Bank’s Domestic / Non-resident Rupee Term Deposit Interest Rates, w.e.f October 09, 2018:

Various Banks’ FD rates:

(Source: Paisabazaar.com)

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Source: Financial Express