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Fixed Deposit (FD) Interest Rates: SBI Vs HDFC Bank Vs ICICI Bank Vs BoB Vs Federal Bank

Banks are the biggest issuers of fixed deposits in India. Fixed deposits (FD) of leading banks not only help you save money but also grow your wealth. Money in fixed deposit accounts offer attractive interest rates until fixed tenures. The interest payout options offer the customer of fixed deposits to either choose regular cash flows or earn high interest rates by opting for cumulative interest where the interest is compounded quarterly, providing even better returns. If you have a lump sum surplus available for investment with a requirement of these funds at a specified date, you may choose to put it into a fixed deposit.
Given below are fixed deposit (FD) interest rates of State Bank of India (SBI), HDFC Bank, ICICI Bank, Bank of Baroda (BoB) and Federal Bank:

Fixed deposit interest rates of State Bank of India (SBI) (Below Rs 1 crore)

Tenors Revised For Public w.e.f. 28.05.2018
Revised for Senior Citizens w.e.f. 28.05.2018
7 days to 45 days.   5.75 6.25
46 days to 179 days 6.25 6.75
180 days to 210 days 6.35 6.85
211 days to less than 1 year 6.4 6.9
1 year to less than 2 year 6.65 7.15
2 years to less than 3 years 6.65 7.15
3 years to less than 5 years 6.7 7.2
5 years and up to 10 years 6.75

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