Last Update: February 23, 2023, 10:32 IST
Let us compare the fixed deposit rates of ICICI and HDFC Bank.
The general public can avail HDFC Bank interest rates ranging from 3% to 7.10%.
HDFC Bank has increased the interest rate on specified fixed deposits (FDs) below Rs 2 crore. For the general public, HDFC Bank offers interest rates ranging from 3% to 7.10% and 3.50% to 7.60%, while for those above 65, the new interest rates for fixed deposits in HDFC Bank come into effect on February 21, 2023. Happened ,
After the change in HDFC Bank FD rates, the bank is now offering its customers a discount of 3% on FDs of seven to fourteen days and 3.50% on FDs of thirty to forty five days and sixty days. The bank will pay 4.50 per cent interest on 61 to 89 days old FDs.
Currently, the bank is offering 4.50% interest on FDs of 90 days or less than 6 months, 5.75% interest on FDs of 6 months or less than 9 months and 6% interest on FDs with conditions. 9 months or less to less than 1 year.
On the other hand, ICICI Bank raised interest rates on large fixed deposits (FDs) from Rs 2 billion to Rs 5 billion. The bank now offers interest rate on deposits with different terms ranging from 7 days to 10 years with a range of 4.50% to 6.75% as a result of the revision. Customers can now avail returns of up to 7.15% on their bulk deposits with ICICI Bank for tenures ranging from 15 months to 2 years. According to the official website of the bank, these interest rates will be effective from February 7, 2023.
Now let us compare the fixed deposit rates of ICICI and HDFC Bank.
SBI FD with terms of 7 days to 10 years will give interest ranging from 3% to 7.1% to the general public. Seniors will get an additional 50 basis points (bps) on these payments. These prices are valid till February 15, 2023. Following are the term terms along with the interest rate:
7 days to 45 days – 3%
46 days to 179 days – 4.5%
180 days to 210 days – 5.25%
211 days to less than 1 year – 5.75%
1 year to less than 2 years – 6.8%
400 Days (AMRIT KALASH)-7.10%
2 years to less than 3 years – 7.00%
3 years to less than 5 years – 6.5%
5 years and up to 10 years – 6.5%
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