SBI
State Bank of India has not changed fixed deposit rates in the month of May, it had last revised on February 15, 2023. SBI offers an interest rate between 3% - 7.10% for general citizens. According to the SBI website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for a rate of interest of 7.60%. The Scheme will be valid till 30-June-2023.”
General Public | ||
Tenors | Rates w.e.f. 15/02/2023 | Rates w.e.f. 15/02/2023 |
7 days to 45 days | 3 | 3.5 |
46 days to 179 days | 4.5 | 5 |
180 days to 210 days | 5.25 | 5.75 |
211 days to less than 1 year | 5.75 | 6.25 |
1 Year to less than 2 years | 6.8 | 7.3 |
2 years to less than 3 years | 7 | 7.5 |
3 years to less than 5 years | 6.5 | 7 |
5 years and up to 10 years | 6.5 | 7.50@ |
400 days (Special Scheme i.e. “ Amrit Kalash”) | 7.1 | 7.6 |
ICICI Bank
ICICI Bank offers an interest rate between 3% to 7.10% for regular citizens and 3.50% to 7.50% for senior citizens. The highest interest rate is offered on tenure of 15 months to less than 2 years. These rates were applicable from February 24, 2023.
Tenure | General | **Senior Citizen |
7 days to 14 days | 3.00% | 3.50% |
15 days to 29 days | 3.00% | 3.50% |
30 days to 45 days | 3.50% | 4.00% |
46 days to 60 days | 4.25% | 4.75% |
61 days to 90 days | 4.50% | 5.00% |
91 days to 120 days | 4.75% | 5.25% |
121 days to 150 days | 4.75% | 5.25% |
151 days to 184 days | 4.75% | 5.25% |
185 days to 210 days | 5.75% | 6.25% |
211 days to 270 days | 5.75% | 6.25% |
271 days to 289 days | 6.00% | 6.50% |
290 days to less than 1 year | 6.00% | 6.50% |
1 year to 389 days | 6.70% | 7.20% |
390 days to < 15 months | 6.70% | 7.20% |
15 months to < 18 months | 7.10% | 7.60% |
18 months to 2 years | 7.10% | 7.60% |
2 years 1 day to 3 years | 7.00% | 7.50% |
3 years 1 day to 5 years | 7.00% | 7.50% |
5 years 1 day to 10 years | 6.90% | #7.50% |
5 Years (80C FD) – Max to `1.50 lac | 7.00% | 7.50% |
HDFC Bank
HDFC Bank has introduced two new special edition fixed deposits with higher interest rates for a limited duration. HDFC Bank has introduced two new special fixed deposit (FD) programs with interest rates of 7.20% for 35 months and 7.25% for 55 months. Senior people will receive an additional 50 basis points. The bank is providing a 7% interest rate on deposits maturing between 18 months and 10 years.
Tenure | Interest Rate (per annum) | Senior Citizen Rates (per annum) |
7 - 14 days | 3.00% | 3.50% |
15 - 29 days | 3.00% | 3.50% |
30 - 45 days | 3.50% | 4.00% |
46 - 60 days | 4.50% | 5.00% |
61 - 89 days | 4.50% | 5.00% |
90 days < = 6 months | 4.50% | 5.00% |
6 mnths 1 days <= 9 mnths | 5.75% | 6.25% |
9 mnths 1 day to < 1 year | 6.00% | 6.50% |
1 year to < 15 months | 6.60% | 7.10% |
15 months to < 18 months | 7.10% | 7.60% |
18 months to < 21 months | 7.00% | 7.50% |
21 months - 2 years | 7.00% | 7.50% |
2 Years 1 day to < 2 Year 11 Months | 7.00% | 7.50% |
2 Years 11 Months - 35 Months | 7.20% | 7.70% |
2 Years 11 Months 1 day <= 3 Year | 7.00% | 7.50% |
3 Years 1 day to < 4 Years 7 Months | 7.00% | 7.50% |
4 Year 7 Months - 55 months | 7.25% | 7.75% |
4 Year 7 Months 1 day <=5 Years | 7.00% | 7.50% |
5 Years 1 day to 10 Years | 7.00% | 7.75%* |
Yes Bank
Yes Bank offers an interest rate between 3.25% to 7.75% for regular citizens, and senior citizens will earn interest rate between 3.75%-8.25%. The highest interest rate is offered on tenure of 18 Month to less than 36 Months These rates are effective from May 2, 2023.
Tenure | Regular | Senior Citizens |
Interest Rates | Interest Rates | |
7 days to 14 days | 3.25% | 3.75% |
15 days to 45 days | 3.70% | 4.20% |
46 days to 90 days | 4.10% | 4.60% |
91 days to 180 days | 4.75% | 5.25% |
181 days to 271 days | 6.00% | 6.50% |
272 days to < 1 year | 6.25% | 6.75% |
1 Year to < 18 Months | 7.50% | 8.00% |
18 Month < 36 Months | 7.75% | 8.25% |
36 months to <= 120 months | 7.00% | 7.75% |
Kotak Mahindra Bank
Kotak Mahindra Bank offers interest rate between 2.75% to 7.20% for general citizens for tenure between 7 days to 10 years. The highest interest rate of 7.20% is offered on tenure between 390 Days to less than 2 years.
Maturity Periods | Regular | Senior Citizen* |
7 - 14 Days | 2.75% | 3.25% |
15 - 30 Days | 3.00% | 3.50% |
31 - 45 Days | 3.25% | 3.75% |
46 - 90 Days | 3.50% | 4.00% |
91 - 120 Days | 4.00% | 4.50% |
121 - 179 days | 4.25% | 4.75% |
180 Days | 7.00% | 7.50% |
181 Days to 269 Days | 6.00% | 6.50% |
270 Days | 6.00% | 6.50% |
271 Days to 363 Days | 6.00% | 6.50% |
364 Days | 6.50% | 7.00% |
365 Days to 389 Days | 7.10% | 7.60% |
390 Days (12 months 25 days) | 7.20% | 7.70% |
391 Days - Less than 23 Months | 7.20% | 7.70% |
23 Months | 7.20% | 7.70% |
23 months 1 Day- less than 2 years | 7.20% | 7.70% |
2 years- less than 3 years | 7.00% | 7.50% |
3 years and above but less than 4 years | 6.50% | 7.00% |
4 years and above but less than 5 years | 6.25% | 6.75% |
5 years and above upto and inclusive of 10 years | 6.20% | 6.70% |
PNB
Punjab National Bank offers interest rate between 3.50% to 7.25% for general citizens for tenure between 7days to 10 years. The bank offers highest interest rate of 7.25% on tenure of 666 days. These rates are effective from May 18, 2023.
Period | Revised Rates For Public | *Revised Rates For Senior Citizens | #Revised Rates For Super Senior Citizens |
1 | 3.5 | 4 | 4.3 |
2 | 3.5 | 4 | 4.3 |
3 | 3.5 | 4 | 4.3 |
4 | 4.5 | 5 | 5.3 |
5 | 4.5 | 5 | 5.3 |
6 | 5.5 | 6 | 6.3 |
7 | 5.8 | 6.3 | 6.6 |
8 | 6.8 | 7.3 | 7.6 |
9 | 6.8 | 7.3 | 7.6 |
10 | 6.8 | 7.3 | 8.05 |
11 | 6.8 | 7.3 | 7.6 |
12 | 7.25 | 7.75 | 7.85 |
13 | 6.8 | 7.3 | 7.6 |
14 | 7 | 7.5 | 7.8 |
15 | 6.5 | 7 | 7.3 |
16 | 6.5 | 7.3 | 7.3 |
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