Bank FD New Interest Rates: Two big private sector banks of the country HDFC Bank and ICICI Bank have increased the interest rates on fixed deposits. If you have done FD then you will get more money on maturity.
There is news of work for bank customers. Two big private sector banks HDFC Bank and ICICI Bank have increased the interest rates on their fixed deposits. If you have made an FD in any of these two banks, then you will now get higher returns when the FD matures.
HDFC and ICICI are the major private sector banks. These banks are now directly competing with the largest public sector bank State Bank of India (SBI) . Now both these banks are also giving tremendous profits (Fixed Deposit Interest Rates) . Let us tell about the interest rates available on FDs of different tenures of these banks. With this you can choose a better option for yourself.
Who is getting how much return?
After the revision of interest rates, HDFC Bank is offering interest ranging from 2.50 per cent to 5.50 per cent for tenures ranging from 7 days to 10 years. At the same time, the interest on FDs of senior citizens for a period ranging from 7 days to 10 years ranges from 3% to 6.25 percent. These new rates have come into effect from December 1, 2021.
HDFC Bank FD Rates
- HDFC Bank pays interest on FDs below Rs 2 crore in the following manner:
- 2.50% for 7 to 14 days and 3.00% for senior citizens.
- 2.50% and 3.00% for 15-29 days,
- 3% and 3.50% for 30-45 days,
- 46 – 3% and 3.50% for 60 days,
- 3% and 3.50% for 61-90 days,
- 3.50% and 4% for 91 days to 6 months,
- 4.40% and 4.90% for 6 months and 1 day to 9 months,
- 4.40% and 4.90% for periods less than 9 months and from 1 day to 1 year,
- 4.90% and 5.40% for 1 year,
- 5.15% and 5.65% for 2 years from 1 year and one day,
- 5.65% and 4.75% for 3 years from 2 years and one day,
- 5.35% and 4.85% for 5 years from 3 years and one day,
- 5.50% for 10 years and 6.25%* for senior citizens of 5 years and 1 day.
ICICI Bank Fixed Deposit Rates
- ICICI Bank pays interest on FDs below Rs 2 crore in the following ways:
- 7 to 14 days = 2.50% – 3.00%
- 15 to 29 days = 2.50% – 3.00%
- For 30 days to 45 days = 3.00% – 3.50%
- 46 days to 60 days = 3.00% – 3.50%
- 61 days to 90 days = 3.00% – 3.50%
- 91 days to 120 days = 3.50% – 4.00%
- 121 days to 150 days = 3.50% – 4.00%
- 151 days to 184 days = 3.50% – 4.00%
- 185 days to 210 days = 4.40% – 4.90%
- For 211 days to 270 days = 4.40% – 4.90%
- For 271 days to 289 days = 4.40% – 4.90%
- 290 days to less than 1 year = 4.40% – 4.90%
- For 1 year to 389 days = 4.90% – 5.40%
- 390 days to less than 15 months = 4.90% – 5.40%
- 15 months to less than 18 months = 4.90% – 5.40%
- 18 months to 2 years = 5.00% -5.50%
- 2 years 1 day to 3 years = 5.20% – 5.70%
- 3 years 1 day to 5 years = 5.40% – 5.90%
- 5 years 1 day to 10 years = 5.60% – 6.30%
- 5 Years (80C FD) – Maximum 1.50 Lakh = 5.40% & 5.90%
