The biggest two private banks are HDFC and the other bank is ICICI. ADFC Bank has implemented new interest rates from May 29, while ICICI Bank’s new interest rates have been implemented from June 1.
New Delhi:Two big private banks of the country have changed the interest rates on their deposits. After these changes, different rates of interest will be given on deposits for different periods. Which bank is paying how much interest, you can know here. The biggest two private banks are HDFC bank and the other bank is ICICI bank. ADFC Bank has implemented new interest rates from May 29, while ICICI Bank’s new interest rates have been implemented from June 1.
HDFC bank interest rate ( Fixed Deposit interest rates )
First of all let’s talk about HDFC Bank. These interest rates are being mentioned on the investment of less than two crore rupees. The common citizen is being given interest at the rate of 3 percent per annum on investment of 7-14 days while senior citizens are being given interest at the rate of 3.50 percent. The same rate of interest is being given on investment of 15-29 days .
On investment of 30-45 days, common citizens are being given interest at the rate of 3.50 per cent per annum while senior citizens are being given interest at the rate of 4 per cent per annum. On deposits from 46 days to 60 days, interest is being given to the common citizen at the rate of 4.50 percent, while interest is being given to senior citizens at the rate of 5 percent per annum. This rate of interest is being given on investment of 61-89 days . The same interest rate is applicable for investments between 90 days to 6 months.
Interest is being given at the rate of 5.75 percent per annum to the common citizen on deposits ranging from 6 months one day to 9 months, while interest is being given at the rate of 6.25 percent to senior citizens. On the other hand , interest is being given at the rate of 6 percent per annum to the common citizen on investment from 9 months to one day to less than one year, while senior citizens are being given interest at the rate of 6.50 percent . On deposits of less than one year to 15 months, interest is being given at the rate of 6.60 percent to common citizens and 7.10 percent to senior citizens. Interest is being given at the rate of 7.10 percent and senior citizens at the rate of 7.60 percent on the amount deposited for a period of 15 months to less than 18 months .
At the same time, interest is being given at the rate of 7.00 percent to common citizens and 7.50 percent to senior citizens on deposits of less than 18 months to 21 months . This interest rate is also being given for a period of 21 months to two years, two years to two years and 11 months .
On deposits of up to two years, 11 months or 35 months, the common citizen will get interest at the rate of 7.20 percent and senior citizens are being given interest at the rate of 7.70 percent. On the other hand , interest is being given at the rate of 7.00 percent to common citizens and 7.50 percent to senior citizens on deposits of less than two years, one month to three years .
The same interest rate is being given on deposits ranging from three years one day to 4 years 7 months . At the same time , interest is being given at the rate of 7.25 percent on deposits of four years, 7 months i.e. 55 months and at the rate of 7.75 to senior citizens. Interest is being given at the rate of 7.00 percent to common citizens and 7.50 percent to senior citizens on deposits of four years, seven months, one day to less than five years .
Interest is being given at the rate of 7.00 percent and senior citizens at the rate of 7.75 percent on deposits ranging from five years one day to 10 years .
Now let’s talk about ICICI Bank. This bank is also offering attractive interest rates.
ICICI bank interest rate ( ICICI Fixed deposit interest rates )
ICICI Bank will get new interest rates from May 31 on deposits of 7-14 days. During this period, interest is being paid at the rate of 3.00 and 3.50 percent per annum to the common citizen and senior citizen respectively. The bank is paying the same interest for a period of 15-29 days . Interest is being given at the rate of 3.50 percent per annum for deposits of 30 to 45 days and at the rate of 4.00 percent for senior citizens.
ICICI Bank is giving 4.25 percent and 4.75 percent interest respectively to common citizens on deposits of 46 to 60 days . Interest is being given at the rate of 4.50 percent per annum to common citizens and 5.00 percent to senior citizens for 61 to 90 days. For deposits between 91-120 days, 4.75 and 5.25 per cent are being given annually. For deposits up to 121-150 days, 4.75 percent and 5.25 percent are being given annually. This interest is also being given on deposits for 151-184 days .
For deposits of 185 to 210 days on ICICI Bank FD, 5.75 percent and 6.25 percent are being given respectively. The same interest rate has been kept for deposits of 211 to 270 days . For deposits of 271 to 289 days, this bank is giving interest at the rate of 6 percent per annum to common citizens and 6.50 percent per annum to senior citizens. The bank is offering this rate of interest on deposits for a period ranging from 290 days to less than a year .
On deposit for 1 year to 389 days, ICICI Bank is giving interest of 6.70 percent per annum to common citizens and 7.20 percent to senior citizens. The bank is also paying the same interest on deposits for a period ranging from 390 days to less than 15 months . The bank is paying 7.10 percent and 7.60 percent interest on deposits for a period of 15 months to less than 18 months . The bank is giving this interest rate for a period ranging from 18 months to two years .
On deposits ranging from two years one day to three years, the bank is paying interest at the rate of 7.00 percent and senior citizens at the rate of 7.50 percent per annum. The same interest rate is being given on deposits ranging from three years 1 day to five years .
For deposits ranging from five years one day to 10 years, the bank is giving 6.90 percent interest to the common citizen and 7.50 percent interest is being given to senior citizens.
