Latest FD Rates 2023: HDFC vs ICICI vs Axis Bank Fixed Deposit Rates Compared

Since the beginning of 2022, banks have been gradually boosting their interest rates to keep pace with the RBI's ongoing increases to the key repo rate in an effort to contain inflation in the nation.

Following suit, Axis Bank, ICICI Bank, HDFC Bank, and SBI have recently increased their interest rates on both deposits and loans.

Here's the comparison of the latest HDFC Bank, ICICI bank, and Axis Bank FD Rates.

HDFC Bank offers 3 percent interest on fixed deposits with maturities between 7 and 29 days, and 3.5 percent interest on term deposits with maturities between 30 and 45 days.

HDFC Bank will offer a 6.60 percent interest rate on deposits maturing between one year and less than 15 months, a 7.1 percent interest rate on FDs maturing between 15 months and less than 2 years, and a 7 percent interest rate on deposits maturing between two years and a day and 5 years.

Interest will be paid on FDs with maturities between five years and one day and ten years at a rate of 7 percent.

ICICI Bank offers 3 percent interest on fixed deposits with maturities between 7 and 29 days, and 3.50 percent interest on term deposits with maturities between 30 and 45 days.

ICICI Bank will now offer a 6.70 percent interest rate on deposits maturing between one year and less than 15 months, a 7.10 percent interest rate on FDs maturing between 15 months and less than 2 years, and a 7 percent interest rate on deposits maturing between two years and a day and 5 years.

Interest will be paid on FDs with maturities between five years and one day and ten years at a rate of 6.9 percent.

Axis Bank offers 3.5 percent interest on fixed deposits with maturities between 7 and 29 days, and 3.50 percent interest on term deposits with maturities between 30 and 45 days.

Axis Bank will offer a 6.75 percent interest rate on deposits maturing between one year and less than 1 year 4 days, a 7.10 percent interest rate on FDs maturing between 1 year and less than 13 months, and a 7.26 percent interest rate on deposits maturing between two years and less than 30 months.

Interest will be paid on FDs with maturities between 3 years and one day and ten years at a rate of 7 percent.