HomeCURRENT AFFAIRSBUSINESSGood News! FD Rates Surge at ICICI Bank! A Detailed Comparison with...

Good News! FD Rates Surge at ICICI Bank! A Detailed Comparison with Kotak Mahindra, HDFC Bank, SBI, Check Here

Examine how ICICI Bank's fixed deposit (FD) rates have increased recently and learn how they stack up against those of other top banks, like Kotak Mahindra, HDFC Bank, and SBI.

Fixed Deposit Interest Rate: Interest rates on some tenures have increased at ICICI Bank. With the most recent increase, the bank is giving ordinary customers who purchase FDs maturing in seven days to ten years an interest rate ranging from 3% to 7.2%, and senior citizens who purchase FDs from 3.5% to 7.75%.

ICICI Bank’s Latest Fixed Deposit Rates

ICICI Bank offers a maximum return of 7.20% to the general public and 7.75% to senior persons for a period ranging from 15 months to two years. The rates take effect on February 17th. On October 16, 2023, the bank had already changed the interest rate on term deposits.

Current FD rates at ICICI Bank

  • 7 days to 14 days 3.00%
  • 15 days to 29 days 3.00%
  • 30 days to 45 days 3.50%
  • 46 days to 60 days 4.25%
  • 61 days to 90 days 4.50%
  • 91 days to 120 days 4.75%
  • 121 days to 150 days 4.75%
  • 151 days to 184 days 4.75%
  • 185 days to 210 days 5.75%
  • 211 days to 270 days 5.75%
  • 271 days to 289 days 6.00%
  • 290 days to less than 1 year 6.00%
  • 1 year to 389 days 6.70%
  • 390 days to < 15 months 6.70%
  • 15 months to < 18 months 7.20%
  • 18 months to 2 years 7.20%
  • 2 years 1 day to 3 years 7.00%
  • 3 years 1 day to 5 years 7.00%
  • 5 years 1 day to 10 years 6.90%
  • 5 Years (80C FD) – Max to `1.50 lac 7.00%

HDFC Bank’s Latest Fixed Deposit Rate Revision

The interest rates on fixed deposits (FDs) at HDFC Bank have increased. The revised prices will take effect on February 9. At the moment, HDFC Bank provides interest rates that range from 3.25% to 3% annually. Throughout all tenures, senior citizens are entitled to an additional interest rate of 0.50%.

SBI’s Revised Fixed Deposit Interest Rates

For terms ranging from seven days to ten years, SBI offers FD interest rates of 3.50%–7.10% p.a. to the general public and 4.00%–7.60% p.a. to senior citizens. These prices will be in force as of December 27, 2023.

Kotak Mahindra Bank’s Updated FD Interest Rates

FDs maturing in seven days to ten years can earn interest rates ranging from 2.75% to 7.25% from Kotak Mahindra Bank. For deposits maturing in 23 months, 1 day, or less than 2 years, the bank is offering the highest FD interest rate. These prices will be in force as of January 4, 2024.

Disclaimer: This information is intended for general knowledge only. Any financial decisions should be made in consultation with a qualified professional. DNP News Network Private Limited is not liable for any financial losses incurred based on the information provided here.

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