Fixed Deposit Rates SBI Vs HDFC Vs ICICI Vs PNB And More --Check Interest Rate Comparison

In the past month, several major Indian banks, such as SBI, HDFC, and ICICI, have adjusted the interest rates on their Fixed Deposits (FDs).  Here's a quick look at the top Indian banks that are providing the highest rates on FD. 

The maximum interest rate that HDFC Bank is offering is available for terms ranging from 4 years and 7 months to 55 months, and it varies from 7.40% for general citizens to 7.90% for senior citizens. These rates have come into force from July 24, 2024.

At 7.20% for general residents and 7.75% for senior persons with a period of 15 months to less than 18 months, ICICI Bank is providing the highest interest rate which has been effective from July 25, 2024.

SBI is offering the highest interest rate of 7.25% for general citizens and 7.75% for senior citizens. On the recently released SBI Amrit Vrishti, which is accessible for investment from July 15, 2024 to March 31, 2025, the banks is providing the interest rate on a 444-day tenure.

The highest interest rate, 7.75% for senior persons and 7.25% for general residents, is being offered by Punjab National Bank for a 400-day term which has come into effect from June 10, 2024.

With an interest rate of 7.20% for general citizens with a tenure of 17 months to less than 18 months and 7.75% for senior citizens with a tenure of 5 years to 10 years, Axis Bank is offering the highest interest rates which has been effective from July 1, 2024.

For a special deposit of 399 days, the bank gives the maximum interest rate, which is 7.25% for general citizens and 7.75% for seniors. The scheme has been applicable from July 15, 2024.