New Delhi: A person can invest in FDs, if  his or her risk appetite is very low. On the other hand, if you are risk averse stay with fixed deposits as the advantages far outweigh the disadvantages.


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The RBI monetary policy changes like repo rate, the base rate, and others determine the rates of Fixed deposit (FD) of banks.


Here is a comparison of FD rates from major lenders like State Bank of India (SBI), Punjab Naional Bank (PNB), ICICI Bank, HDFC Bank, and Axis Bank. These banks provide FD tenures ranging from 7 days to 10 years.


Check the latest FD interest rates given by PNB, Axis Bank, SBI, HDFC Bank and ICICI Bank:


SBI


7 days to 45 days: 2.9 percent


46 days to 179 days: 3.9 percent


180 days to 210 days: 4.4 percent


211 days to 364 days: 4.4 percent


1 year to less than 2 years: 5 percent


2 years to less than 3 years: 5.1 percent


3 years to less than 5 years: 5.3 percent


5 years and up to 10  years: 5.4 percent


 


PNB (Rate effective since May 1)


7 days to 14 days: 3.00 percent


15 days to 29 days: 3.00 percent


30 days to 45 days: 3.00 percent


46 days to 90 days: 3.25 percent


91 days to 179 days: 4.00 percent


180 days to 270 days: 4.40 percent


271 days - 1 year: 4.50 percent


Duration up to 1 year: 5.10 percent


1 year - up to 2 years: 5.10 percent


2 years - up to 3 years: 5.10 percent


3 years - 5 years:  up to 5.25 percent


5 years - 10 years: up to 5.25 percent


 


Axis Bank (Rate effective since May 6)


 


7 - 29 days: 2.5 percent


30 days - < 3 months: 3 percent


3 months- < 6 months: 3 percent


6 months-  < 1 year: 4.4 percent


1 year - < 1 year 5 days: 5.1 percent


1 year 5 days- < 1 year 11 days: 5.15 percent


1 year 11 days- < 15 months: 5.1 percent


15 months   - < 18 months: 5.2 percent


18 months - < 2 years: 5.25 percent


2 years - < 30 months: 5.4 percent


3o months - < 5 years: 5.4 percent


5 years to 10 years: 5.75 percent


 


HDFC Bank


7 - 14 days: 2.50 percent


15 - 29 days: 2.50 percent


30 - 45 days: 3.00 percent


46 - 60 days: 3.00 percent


61 - 90 days: 3.00 percent


91 days -6 months: 3.50 percent


6 months - 9 months: 4.40 percent


9 months 1 day < 1 Year: 4.40 percent


1 Year:  4.90 percent


1 year 1 day - 2 years: 4.90 percent


2 years 1 day - 3 years: 5.15 percent


3 year 1 day- 5 years: 5.30 percent


5 years 1 day - 10 years: 5.50 percent


 


ICICI Bank


7 days to 29 days: 2.50 percent


30 days to 90 days: 3.00 percent


91 days to 184 days: 3.50 percent


185 days to 364 days: 4.40 percent


1 year to < 18 months: 4.90 percent


18 months to 2 year: 5.00 percent


2 years 1 day to 3 years: 5.15 percent


3 years 1 day to 5 years: 5.35 percent


5 years 1 day to 10 years: 5.50 percent


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