Latest Fixed Deposit interest rates in SBI, HDFC, Post Office, ICICI, PNB compared

Latest Fixed Deposit interest rates in SBI, HDFC, Post Office, ICICI, PNB compared

Fixed Deposit interest rates latest update: The State Bank of India has hiked interest rates on select retail term deposits below Rs 1 crore by 25 bps with effect from Monday (May 28, 2018). The select terms for which interest rate has been hiked include deposits for 1 year to less than 2 years and 2 years to less than 3 years. The rates have been hiked for these two terms for senior citizens as well.

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Following are the latest interest rates offered on fixed deposits offered by the State Bank of India. Rows marked in bold in the table show the recently increased rates. Also, find below the Fixed deposit rates offered by other major banks of the country on different term plans:

Good news! SBI fixed deposit interest rates hiked by up to 25 bps

State Bank of India: Fixed deposit rates

Tenors Existing for Public w.e.f. 28.03.2018 Revised For Public w.e.f. 28.05.2018 Existing for Senior Citizens w.e.f. 28.03.2018 Revised for Senior Citizens w.e.f. 28.05.2018
7 days to 45 days 5.75 5.75 6.25 6.25
46 days to 179 days 6.25 6.25 6.75 6.75
180 days to 210 days 6.35 6.35 6.85 6.85
211 days to less than 1 year 6.4 6.4 6.9 6.9
1 year to less than 2 year 6.4 6.65 6.9 7.15
2 years to less than 3 years 6.6 6.65 7.1 7.15
3 years to less than 5 years 6.7 6.7 7.2 7.2
5 years and up to 10 years 6.75 6.75 7.25 7.25

HDFC Bank: Fixed deposit rates

Fixed deposit rates for Domestic/NRO/NRE term deposits (Rows in bold show how HDFC rates compare to SBI)

Period < 1 Crore >=1 Crore to < 5 Crores
Interest Rate (per annum) **Senior Citizen Rates (per annum) Interest Rate (per annum) **Senior Citizen Rates
(per annum)
7 – 14 days 3.50% 4.00% 4.25% 4.75%
15 – 29 days 4.25% 4.75% 4.25% 4.75%
30 – 45 days 5.50% 6.00% 6.25% 6.75%
46 – 60 days 5.75% 6.25% 6.50% 7.00%
61 – 90 days 5.75% 6.25% 6.75% 7.25%
91 days – 6 months 5.75% 6.25% 6.55% 7.05%
6 mnths 1 day- 6 mnths 3 days 6.00% 6.50% 7.00% 7.50%
6 mnths 4 days 6.00% 6.50% 7.00% 7.50%
6 mnths 5 days- 9 mnths 6.00% 6.50% 7.00% 7.50%
9 mnths 1 day- 9 mnths 3 days 6.00% 6.50% 7.10% 7.60%
9 mnths 4 days 6.00% 6.50% 7.10% 7.60%
9 months 5 days – 9 months 15 days 6.00% 6.50% 7.10% 7.60%
9 months 16 days 6.25% 6.75% 7.10% 7.60%
9 months 17 days < 1 Year 6.25% 6.75% 7.10% 7.60%
1 Year 6.85% 7.35% 7.25% 7.75%
1 year 1 day – 1 year 3 days 6.50% 7.00% 7.25% 7.75%
1 year 4 days 6.25% 6.75% 7.25% 7.75%
1 year 5 days – 1 Year 15 Days 6.25% 6.75% 7.25% 7.75%
1 Year 16 days 6.25% 6.75% 7.25% 7.75%
1 year 17 days – 2 Years 7.00% 7.50% 7.25% 7.75%
2 years 1day – 2 Years 15 days 7.00% 7.50% 7.10% 7.60%
2 Years 16 days 7.00% 7.50% 7.10% 7.60%
2 years 17 days – 3 Years 7.00% 7.50% 7.10% 7.60%
3 years 1day – 5 years 7.00% 7.50% 6.85% 7.35%
5 Years 1 Day – 8 Years 6.00% 6.50% 6.85% 7.35%
8 Years 1 Day – 10 Years 6.00% 6.50% 6.85% 7.35%

Post Office Fixed Deposit

Post Office offers time deposits (or fixed deposits) requiring at least Rs 200 at the time of opening. Post Office doesn’t have a cap on the maximum amount of money a customer can put in the time deposit. (Highlighted rows show how Post Office compare to SBI, others).

Interest rates From 1.01.2018Period Rate
1yr.A/c 6.60%
2yr.A/c 6.7%
3yr.A/c 6.90%
5yr.A/c 7.40%

Punjab National Bank Fixed Deposit rates

(Domestic & NRI Saving Account Interest Rates – W.E.F. 19th August 2017; Highlighted rows show how PNB Fixed deposit rates compare to SBI and other banks of the country)

Domestic TD Less Than Rs.1 Cr. W.E.F. 01.03.2018 Domestic TD Rs.1 Cr. To Rs 10 Cr W.E.F. 01.03.2018 NRE TD Less Than Rs. 1 Cr
W.E.F. 01.03.2018
NRE TD Rs. 1 Cr. To Rs. 10 Cr. W.E.F. 01.03.2018 PNB Tax Saver FD
Sl. No Period ROI (% p.a.) A.Y.** For Senior Citizen ROI (% p.a.) ROI (% p.a.) A.Y.** ROI (% p.a.) ROI (% p.a.) ROI (% p.a.)
1 7 to 14 days 5.7 5.7 6.2 5.7 5.7 NA NA NA
2 15 to 29days 5.7 5.7 6.2 5.7 5.7 NA NA NA
3 30 to 45 days 5.7 5.7 6.2 5.7 5.7 NA NA NA
4 46 to 90 days 6.35 6.35 6.85 6.5 6.5 NA NA NA
5 91 to 179 days 6.35 6.35 6.85 6.5 6.5 NA NA NA
6 180 days to 270 Days 6.35 6.4 6.85 6.5 6.55 NA NA NA
7 271 days to less than 1 year 6.35 6.45 6.85 6.5 6.61 NA NA NA
8 1 year 6.6 6.77 7.1 6.75 6.92 6.6 6.75 NA
9 above 1 year & upto3 years 6.75 6.92 7.25 6.25 6.4 6.75 6.25 NA
10 above 3 year & upto 5 years 6.25 6.82 6.75 6 6.52 6.25 6 Public (General)- 6.25 (for 5 years) 6.25 ( for above 5years to 10 years)
Sr. Citizen (General)- 6.75 (for 5 years) 6.75 ( for above 5years to 10 years)
Staff member- 7.25 (for 5 years) 7.25 ( for above 5years to 10 years)
Retired Staff (Sr. Citizen)- 7.25(for 5 years) 7.25 ( for above 5years to 10 years)
11 above 5 years & upto 10 years 6.25 7.27 6.75 6 6.94 6.25 6

ICICI Fixed Deposit rates (with premature withdrawal facility)

(Interest rates on Domestic, NRO & NRE deposits(Less than ₹ 1 crore). Highlighted rows show how ICICI Fixed Deposit rates compare to SBI and other banks of the country

Domestic TD Less Than Rs.1 Cr. W.E.F. 01.03.2018 Domestic Rs.1 Cr. To Rs 10 Cr #
W.E.F. 01.03.2018
NRE TD Less Than Rs. 1 Cr
W.E.F. 01.03.2018
NRE TD Rs. 1 Cr. To Rs. 10 Cr. W.E.F. 01.03.2018 PNB Tax Saver FD
Sl. No Period ROI (% p.a.) A.Y.** For Senior Citizen ROI (% p.a.) ROI (% p.a.) A.Y.** ROI (% p.a.) ROI (% p.a.) ROI (% p.a.)
1 7 to 14 days 5.7 5.7 6.2 5.7 5.7 NA NA NA
2 15 to 29days 5.7 5.7 6.2 5.7 5.7 NA NA NA
3 30 to 45 days 5.7 5.7 6.2 5.7 5.7 NA NA NA
4 46 to 90 days 6.35 6.35 6.85 6.5 6.5 NA NA NA
5 91 to 179 days 6.35 6.35 6.85 6.5 6.5 NA NA NA
6 180 days to 270 Days 6.35 6.4 6.85 6.5 6.55 NA NA NA
7 271 days to less than 1 year 6.35 6.45 6.85 6.5 6.61 NA NA NA
8 1 year 6.6 6.77 7.1 6.75 6.92 6.6 6.75 NA
9 above 1 year & upto3 years 6.75 6.92 7.25 6.25 6.4 6.75 6.25 NA
10 above 3 year & upto 5 years 6.25 6.82 6.75 6 6.52 6.25 6 Public (General)- 6.25 (for 5 years) 6.25 ( for above 5years to 10 years)
Sr. Citizen (General)- 6.75 (for 5 years) 6.75 ( for above 5years to 10 years)
Staff member- 7.25 (for 5 years) 7.25 ( for above 5years to 10 years)
Retired Staff (Sr. Citizen)- 7.25(for 5 years) 7.25 ( for above 5years to 10 years)
11 above 5 years & upto 10 years 6.25 7.27 6.75 6 6.94 6.25 6

ICICI Fixed Deposit rates (without premature withdrawal facility)

Single Deposit Rates of Interest (% p.a.) w.e.f May 15, 2018
Tenure Period ₹ 1 crore to less than ₹ 5 crore ₹ 5 crore to less than ₹ 25 crore ₹ 25 crore to less than ₹ 100 crore ₹ 100 crore to less than ₹ 500 crore ₹ 500 crore & above
7 days to 14 days 5.75 5.75 5.75 5.75 5.75
15 days to 29 days 5.75 5.75 5.75 5.75 5.75
30 days to 45 days 6.25 6.25 6.25 6.25 6.25
46 days to 60 days 6.5 6.5 6.5 6.5 6.5
61 days to 90 days 6.75 6.75 6.75 6.75 6.75
91 days to 120 days 7.1 7.1 7.1 7.15 7.15
121 days to 150 days 7.1 7.1 7.1 7.15 7.15
151 days to 184 days 7.1 7.1 7.1 7.15 7.15
185 days to 210 days 7.3 7.3 7.3 7.3 7.3
211 days to 240 days 7.3 7.3 7.3 7.3 7.3
241 days to 270 days 7.3 7.3 7.3 7.3 7.3
271 days to 300 days 7.3 7.3 7.3 7.3 7.3
301 days to 330 days 7.3 7.3 7.3 7.3 7.3
331 days to 364 days 7.3 7.3 7.3 7.3 7.3
1 Year to 389 days 7.55 7.55 7.55 7.55 7.55
390 days to less than 15 months 7.55 7.55 7.55 7.55 7.55
15 months to less than 18 months 7.25 7.25 7.25 7.25 7.25
18 months to 2 years 7.25 7.25 7.25 7.25 7.25
2 years 1 Day to 3 years 7.25 7.25 7.25 7.25 7.25
3 years 1 day to 5 years 7.25 7.25 7.25 7.25 7.25
5 years 1 day to 7 years 6.6 6.6 6.6 6.6 6.6
7 years 1 day to 10 years 6.6 6.6 6.6 6.6 6.6

 

Source by:-financialexpress

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