Thursday , May 6 2021

SBI vs ICICI vs HDFC vs Yes Bank



Fixed Deposit Rates (FDs) of banks are determined by changes in the monetary policy of the Reserve Bank of India (RBI) such as the repo rate, the base rate, etc., the banks’ internal liquidity position, economic conditions and the level of demand for credit. Maintaining the status quo for the third time in a row, the Reserve Bank of India (RBI) on Friday decided to keep the reference interest rate unchanged at 4%. For FD investors, this is good news, as banks will no longer cut interest rates on deposits. Banks such as the State Bank of India (SBI), ICICI Bank, HDFC Bank and Yes Bank offer FD rates ranging from 7 days to 10 years. FD interest rates of different banks vary according to the amount of the deposit, the term of the deposit and the type of depositor.

Here are the latest FD interest rates offered by SBI, ICICI Bank, HDFC Bank and Yes Bank:

SBI latest FD interest rates (below 2 crores) for the general public

SBI FDs from 7 days to 10 years will give 2.9% to 5.4% to general customers. Senior citizens will receive an additional 50 basic points (bps) on these deposits. The SBI last revised its FD rates on September 10th.

7 days to 45 days – 2.9%

46 days to 179 days – 3.9%

180 days to 210 days – 4.4%

211 den to less than 1 year – 4.4%

1 year to less than 2 years – 4.9%

2 years to less than 3 years – 5.1%

From 3 years to less than 5 years – 5.3%

5 years and up to 10 years – 5.4%

ICICI Bank latest FD interest rates (below 2 crores) for the general public

ICICI Bank gives an interest rate of 2.5% to 5.50% on deposits with a maturity of 7 days to 10 years. These rates apply from October 21. Older citizens will continue to receive 50 basis points (bps) a higher interest rate than others.

7 days to 14 days – 2.50%

15 days to 29 days – 2.50%

30 days to 45 days – 3%

46 days to 60 days – 3%

61 days to 90 days – 3%

91 days to 120 days – 3.5%

121 days to 184 days – 3.5%

185 days to 210 days – 4.40%

211 days to 270 days – 4.40%

271 days to 289 days – 4.40%

290 days to less than 1 year – 4.40%

1 year to 389 days – 4.9%

390 days to <18 months - 4.9%

18 months days to 2 years – 5%

2 years 1 day to 3 years – 5.15%

3 years 1 day to 5 years – 5.35%

5 years 1 day to 10 years – 5.50%

HDFC Bank latest FD interest rates (below 2 crores) for the general public

HDFC Bank offers interest from 2.50% to 5.50% on deposits with a maturity of 7 days to 10 years. These rates are effective from November 13. Older citizens continue to receive 50 basis points higher interest rates from the general public. The bank offers rates from 3% to 6.25% on FD aged 7 days to 10 years for senior citizens.

7 – 14 days 2.50%

15 – 29 days 2.50%

30 – 45 days 3%

46 – 60 days 3%

61 – 90 days 3%

91 den – 6 months 3.5%

6 months 1 days – 9 months 4.4%

9 months 1 day <1 year 4.4%

1 year – 4.9%

1 year 1 day – 2 years 4.9%

2 years 1 day – 3 years 5.15%

3 years 1 day – 5 years 5.30%

5 years 1 day – 10 years 5.50%

Yes latest bank interest rates (below) 2 crores) for the general public

Yes Bank offers interest rates in the range of 3.5% to 7% to the general public for deposits up to 2 crores. These rates are effective from 5 November

7 to 14 days 3.5%

15 to 45 days 4%

46 to 90 days 4.50%

3 months to <6 months 5%

6 months to <9 months 5.50%

9 months to <1 year 5.75%

1 year to <2 years 6.75%

2 years <3 years 7.00%

3 years to <= 10 years * 6.5%

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