HDFC Bank Vs ICICI Bank Vs Axis Bank: Check Detailed Comparison of FD Interest Rates

Last Updated: July 16, 2024, 18:36 IST

The RBI recently raised the bulk deposit definition to Rs 3 crore, instead of Rs 2 crore earlier.

Here's the comparison of the current fixed deposit (FD) interest rates offered by three lenders Axis Bank, HDFC Bank and ICICI Bank on deposits below Rs 3 crore.

HDFC Bank Vs ICICI Bank Vs Axis Bank FD Rates: Even as talks are going on regarding rate cuts this year, fixed deposit (FD) investments have again come into focus. The rate cut cycle is adverse to FD investments, as banks tend to cut FD rates during this period. Here’s the comparison of the current fixed deposit (FD) interest rates offered by three lenders Axis Bank, HDFC Bank and ICICI Bank on deposits below Rs 3 crore, as of July 16, 2024.

HDFC Bank is offering up to 7.75 per cent interest rates on FD, depending upon deposit tenure and depositor’s age. ICICI Bank is offering FD rates up to 7.75 per cent annually and Axis Bank is giving up to 7.85 per cent a year.

HDFC Bank’s latest interest rates on fixed deposits less than Rs 3 crore (per annum):

7 days to 14 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
15 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 60 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
61 days to 89 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
90 days to less than equal to 6 months: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
6 months 1 day to less than 9 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
9 months 1 day to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
1 year to less than 15 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
15 months to less than 18 months: For General Public – 7.10 per cent; For Senior Citizens – 7.50 per cent
18 months to less than 21 months: For General Public – 7.25 per cent; For Senior Citizens – 7.75 per cent
21 months to 2 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
2 years 1 day to less than 2 years 11 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
2 years 11 months to 35 months: For General Public – 7.15 per cent; For Senior Citizens – 7.65 per cent
2 years 11 months 1 day to less than or equal to 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
3 years 1 day to less than 4 years 7 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
4 years 7 months to 55 months: For General Public – 7.20 per cent; For Senior Citizens – 7.70 per cent
4 years 7 months 1 day to less than or equal to 5 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
5 years 1 day to 10 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent.

ICICI Bank’s latest interest rates on fixed deposits below Rs 3 crore:

7 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 60 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
61 days to 90 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
91 days to 184 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
185 days to 270 days: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
271 days to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
1 year to less than 15 months: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
15 months to less than 18 months: For General Public – 7.20 per cent; For Senior Citizens – 7.75 per cent
18 months to 2 years: For General Public – 7.20 per cent; For Senior Citizens – 7.70 per cent
2 years 1 day to 5 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
5 years 1 day to 10 years: For General Public – 6.90 per cent; For Senior Citizens – 7.40 per cent
5 years (tax saver FD): For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent.

Axis Bank’s FD Interest Rate (On Deposits Below Rs 3 Crore):

7 days to 14 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
15 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 60 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
61 days to less than 3 months: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
3 months to 3 months 24 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
3 months 25 days to less than 4 months: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
4 months to less than 5 months: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
5 months to less than 6 months: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
6 months to less than 7 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
7 months to less than 8 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
8 months to less than 9 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
9 months to 10 months: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
10 months to less than 11 months: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
11 months to 11 months 24 days: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
11 months 25 days to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
1 year to 1 year 4 days: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
1 year 5 days to 1 year 10 days: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
1 years 11 day to 1 year 24 days: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
1 years 25 days to less than 13 months: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
13 months to less than 14 months: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
14 months to less than 15 months: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
15 months to less than 16 months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
16 months to less than 17 months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
17 months to less than 18 months: For General Public – 7.20 per cent; For Senior Citizens – 7.85 per cent
18 months to less than 2 years: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
2 years to 30 months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
30 months to less than 3 years: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
3 years to less than 5 years: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
5 years to less than 10 years: For General Public – 7.00 per cent; For Senior Citizens – 7.75 per cent.

The Reserve Bank of India recently raised the bulk deposit definition to Rs 3 crore, instead of Rs 2 crore earlier.

About the Author

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi...Read More

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fixed deposit rates

first published:July 16, 2024, 18:19 IST

last updated:July 16, 2024, 18:36 IST