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

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New Delhi | Updated: May 31, 2018 11:03:07 AM

Fixed deposit rates: 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).

latest fixed deposit interest ratesFixed deposit (FD) is a financial instrument providing customers with a high rate of interest than savings account deposits. The interest rates remain fixed until a particular maturity period.

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.

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

TenorsExisting for Public w.e.f. 28.03.2018Revised For Public w.e.f. 28.05.2018Existing for Senior Citizens w.e.f. 28.03.2018Revised for Senior Citizens w.e.f. 28.05.2018
7 days to 45 days5.755.756.256.25
46 days to 179 days6.256.256.756.75
180 days to 210 days6.356.356.856.85
211 days to less than 1 year6.46.46.96.9
1 year to less than 2 year6.46.656.97.15
2 years to less than 3 years6.66.657.17.15
3 years to less than 5 years6.76.77.27.2
5 years and up to 10 years6.756.757.257.25

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 days3.50%4.00%4.25%4.75%
15 – 29 days4.25%4.75%4.25%4.75%
30 – 45 days5.50%6.00%6.25%6.75%
46 – 60 days5.75%6.25%6.50%7.00%
61 – 90 days5.75%6.25%6.75%7.25%
91 days – 6 months5.75%6.25%6.55%7.05%
6 mnths 1 day- 6 mnths 3 days6.00%6.50%7.00%7.50%
6 mnths 4 days6.00%6.50%7.00%7.50%
6 mnths 5 days- 9 mnths6.00%6.50%7.00%7.50%
9 mnths 1 day- 9 mnths 3 days6.00%6.50%7.10%7.60%
9 mnths 4 days6.00%6.50%7.10%7.60%
9 months 5 days – 9 months 15 days6.00%6.50%7.10%7.60%
9 months 16 days6.25%6.75%7.10%7.60%
9 months 17 days < 1 Year6.25%6.75%7.10%7.60%
1 Year6.85%7.35%7.25%7.75%
1 year 1 day – 1 year 3 days6.50%7.00%7.25%7.75%
1 year 4 days6.25%6.75%7.25%7.75%
1 year 5 days – 1 Year 15 Days6.25%6.75%7.25%7.75%
1 Year 16 days6.25%6.75%7.25%7.75%
1 year 17 days – 2 Years7.00%7.50%7.25%7.75%
2 years 1day – 2 Years 15 days7.00%7.50%7.10%7.60%
2 Years 16 days7.00%7.50%7.10%7.60%
2 years 17 days – 3 Years7.00%7.50%7.10%7.60%
3 years 1day – 5 years7.00%7.50%6.85%7.35%
5 Years 1 Day – 8 Years6.00%6.50%6.85%7.35%
8 Years 1 Day – 10 Years6.00%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 1.01.2018

Period

Rate
1yr.A/c6.60%
2yr.A/c6.7%
3yr.A/c6.90%
5yr.A/c7.40%

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. 01.03.2018Domestic TD Rs.1 Cr. To Rs 10 Cr W.E.F. 01.03.2018NRE TD Less Than Rs. 1 Cr
W.E.F. 01.03.2018
NRE TD Rs. 1 Cr. To Rs. 10 Cr. W.E.F. 01.03.2018PNB Tax Saver FD
Sl. NoPeriodROI (% p.a.)A.Y.**For Senior Citizen ROI (% p.a.)ROI (% p.a.)A.Y.**ROI (% p.a.)ROI (% p.a.)ROI (% p.a.)
17 to 14 days5.75.76.25.75.7NANANA
215 to 29days5.75.76.25.75.7NANANA
330 to 45 days5.75.76.25.75.7NANANA
446 to 90 days6.356.356.856.56.5NANANA
591 to 179 days6.356.356.856.56.5NANANA
6180 days to 270 Days6.356.46.856.56.55NANANA
7271 days to less than 1 year6.356.456.856.56.61NANANA
81 year6.66.777.16.756.926.66.75NA
9above 1 year & upto 3 years6.756.927.256.256.46.756.25NA
10above 3 year & upto 5 years6.256.826.7566.526.256Public (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)
11above 5 years & upto 10 years6.257.276.7566.946.256

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. 01.03.2018Domestic 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. 01.03.2018PNB Tax Saver FD
Sl. NoPeriodROI (% p.a.)A.Y.**For Senior Citizen ROI (% p.a.)ROI (% p.a.)A.Y.**ROI (% p.a.)ROI (% p.a.)ROI (% p.a.)
17 to 14 days5.75.76.25.75.7NANANA
215 to 29days5.75.76.25.75.7NANANA
330 to 45 days5.75.76.25.75.7NANANA
446 to 90 days6.356.356.856.56.5NANANA
591 to 179 days6.356.356.856.56.5NANANA
6180 days to 270 Days6.356.46.856.56.55NANANA
7271 days to less than 1 year6.356.456.856.56.61NANANA
81 year6.66.777.16.756.926.66.75NA
9above 1 year & upto 3 years6.756.927.256.256.46.756.25NA
10above 3 year & upto 5 years6.256.826.7566.526.256Public (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)
11above 5 years & upto 10 years6.257.276.7566.946.256

ICICI Fixed Deposit rates (without premature withdrawal facility)

Single DepositRates 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 days5.755.755.755.755.75
15 days to 29 days5.755.755.755.755.75
30 days to 45 days6.256.256.256.256.25
46 days to 60 days6.56.56.56.56.5
61 days to 90 days6.756.756.756.756.75
91 days to 120 days7.17.17.17.157.15
121 days to 150 days7.17.17.17.157.15
151 days to 184 days7.17.17.17.157.15
185 days to 210 days7.37.37.37.37.3
211 days to 240 days7.37.37.37.37.3
241 days to 270 days7.37.37.37.37.3
271 days to 300 days7.37.37.37.37.3
301 days to 330 days7.37.37.37.37.3
331 days to 364 days7.37.37.37.37.3
1 Year to 389 days7.557.557.557.557.55
390 days to less than 15 months7.557.557.557.557.55
15 months to less than 18 months7.257.257.257.257.25
18 months to 2 years7.257.257.257.257.25
2 years 1 Day to 3 years7.257.257.257.257.25
3 years 1 day to 5 years7.257.257.257.257.25
5 years 1 day to 7 years6.66.66.66.66.6
7 years 1 day to 10 years6.66.66.66.66.6

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