Looking to invest in FDs? These banks are offering rates of up to 8 per cent
DSIJ Intelligence / 11 Jan 2023/ Categories: Mindshare, Trending
Are you looking to invest in FDs? Check out this article that lists private sector banks offering rates of up to 8 per cent.
After the Reserve Bank of India (RBI) raised the repo rate, various private sector banks have increased interest rates on their bank fixed deposits (FDs) up to 8 per cent. The majority of senior citizens as well as others choose to invest in bank FDs for the safety they offer.
Moreover, parking some portion of your emergency fund in bank FDs makes sense. Therefore, from a financial planning perspective, bank FDs are one of the important investment avenues. In this article, we would be detailing the bank FD rates of top private sector banks.
|
Tenor Bucket |
Per annum interest rates for deposits below Rs 2 Crore |
|
|
General (%) |
Senior Citizen (%) |
|
|
7 - 14 days |
3.0 |
3.5 |
|
15 - 29 days |
3.0 |
3.5 |
|
30 - 45 days |
3.5 |
4.0 |
|
46 - 60 days |
4.5 |
5.0 |
|
61 - 89 days |
4.5 |
5.0 |
|
90 days < = 6 months |
4.5 |
5.0 |
|
6 months 1 days <= 9 months |
5.8 |
6.3 |
|
9 months 1 day to < 1 year |
6.0 |
6.5 |
|
1 year to < 15 months |
6.5 |
7.0 |
|
15 months to < 18 months |
7.0 |
7.5 |
|
18 months to < 21 months |
7.0 |
7.5 |
|
21 months - 2 years |
7.0 |
7.5 |
|
2 years 1 day - 3 years |
7.0 |
7.5 |
|
3 year 1 day to - 5 years |
7.0 |
7.5 |
|
5 year 1 day - 10 years |
7.0 |
7.8 |
|
Source: HDFC Bank |
||
|
Maturity Period |
Per annum interest rates for deposits below Rs 2 Crore |
|
|
General (%) |
Senior Citizen (%) |
|
|
7 days to 14 days |
3.0 |
3.5 |
|
15 days to 29 days |
3.0 |
3.5 |
|
30 days to 45 days |
3.5 |
4.0 |
|
46 days to 60 days |
4.0 |
4.5 |
|
61 days to 90 days |
4.5 |
5.0 |
|
91 days to 120 days |
4.8 |
5.3 |
|
121 days to 150 days |
4.8 |
5.3 |
|
151 days to 184 days |
4.8 |
5.3 |
|
185 days to 210 days |
5.5 |
6.0 |
|
211 days to 270 days |
5.5 |
6.0 |
|
271 days to 289 days |
5.5 |
6.0 |
|
290 days to less than 1 year |
5.8 |
6.3 |
|
1 year to 389 days |
6.6 |
7.1 |
|
390 days to < 15 months |
6.6 |
7.1 |
|
15 months to < 18 months |
7.0 |
7.5 |
|
18 months to 2 years |
7.0 |
7.5 |
|
2 years 1 day to 3 years |
7.0 |
7.5 |
|
3 years 1 day to 5 years |
7.0 |
7.5 |
|
5 years 1 day to 10 years |
6.9 |
7.5 |
|
5 Years (80C FD) – Max to Rs 1.5 Lakh |
7.0 |
7.5 |
|
Source: ICICI Bank |
||
|
Period |
Per annum interest rates for deposits below Rs 2 Crore |
|
|
General (%) |
Senior Citizen (%) |
|
|
7 days to 14 days |
3.5 |
3.5 |
|
15 days to 29 days |
3.5 |
3.5 |
|
30 days to 45 days |
3.5 |
3.5 |
|
46 days to 60 days |
4.0 |
4.0 |
|
61 days < 3 months |
4.5 |
4.5 |
|
3 months < 4 months |
4.8 |
4.8 |
|
4 months < 5 months |
4.8 |
4.8 |
|
5 months < 6 months |
4.8 |
4.8 |
|
6 months < 7 months |
5.8 |
6.0 |
|
7 months < 8 months |
5.8 |
6.0 |
|
8 months < 9 months |
5.8 |
6.0 |
|
9 months < 10 months |
6.0 |
6.3 |
|
10 months < 11 months |
6.0 |
6.3 |
|
11 months to 11 months 24 days |
6.0 |
6.3 |
|
11 months 25 days < 1 year |
6.0 |
6.3 |
|
1 year to 1 year 4 days |
6.8 |
7.5 |
|
1 year 5 days to 1 year 10 days |
6.8 |
7.5 |
|
1 year 11 days to 1 year 24 days |
6.8 |
7.5 |
|
1 year 25 days < 13 months |
7.1 |
7.9 |
|
13 months < 14 months |
6.8 |
7.5 |
|
14 months < 15 months |
6.8 |
7.5 |
|
15 months < 16 months |
6.8 |
7.5 |
|
16 months < 17 months |
6.8 |
7.5 |
|
17 months < 18 months |
6.8 |
7.5 |
|
18 Months < 2 years |
6.8 |
7.5 |
|
2 years < 30 months |
7.3 |
8.0 |
|
30 months < 3 years |
7.0 |
7.8 |
|
3 years < 5 years |
7.0 |
7.8 |
|
5 years to 10 years |
7.0 |
7.8 |
|
Source: Axis Bank |
||
|
Maturity Bucket |
Per annum interest rates for deposits below Rs 2 Crore |
|
|
General (%) |
Senior Citizen (%) |
|
|
7 days to 14 days |
3.0 |
3.8 |
|
15 days to 30 days |
3.0 |
3.8 |
|
31 days to less than 2 months |
3.5 |
4.3 |
|
2 months to less than 3 months |
4.5 |
5.3 |
|
3 months to less than 6 months |
4.5 |
5.3 |
|
6 months to less than 1 year |
4.5 |
5.3 |
|
1 year to 599 days |
7.3 |
7.8 |
|
600 days (1 year, 7 months, 22 days) |
7.5 |
8.0 |
|
601 days to less than 2 years |
7.3 |
7.8 |
|
2 years to less than 3 years |
7.3 |
7.8 |
|
3 years to less than 5 years |
7.3 |
7.8 |
|
5 years to up to 10 years |
5.9 |
6.6 |
|
Source: Bandhan Bank |
||
|
Tenure |
Per annum interest rates for deposits below Rs 2 Crore |
|
|
General (%) |
Senior Citizen (%) |
|
|
7 – 14 days |
3.5 |
4.0 |
|
15 – 29 days |
3.5 |
4.0 |
|
30 – 45 days |
4.0 |
4.5 |
|
46 – 90 days |
4.5 |
5.0 |
|
91 – 180 days |
5.0 |
5.5 |
|
181 days – 366 days |
6.8 |
7.3 |
|
367 days – 18 months |
7.3 |
7.8 |
|
18 months - 1 day - 3years |
7.5 |
8.0 |
|
3 years – 1 day- 5 years |
7.0 |
7.5 |
|
5 years- 1 day – 10 years |
7.0 |
7.5 |
|
Source: IDFC First Bank |
||