Latest private bank FD interest rates: What is highest FD interest rate offered, on which tenor

Banks usually offer FD tenures ranging from 7 days to 10 years, FD investors should be careful when selecting the tenor as the little change in tenure can make a huge difference in the interest rate. Bank interest rates vary depending on the tenure among other things.

Here is a look at the highest FD interest rates offered by private banks such as HDFC Bank, ICICI Bank, Yes Bank, Axis Bank and Kotak Mahindra Bank for amounts below Rs 2 crore on these tenors.


HDFC Bank
HDC Bank offers interest rates between 3.00% to 7.25% for general citizens for tenures ranging from 7 days to 10 years. The highest interest rate of 7.25% is offered on tenure of 4 Year 7 Months - 55 months. These rates are applicable from May 29, 2023.

ICICI Bank
ICICI Bank offers interest rates between 3.00% to 7.10% for general citizens for tenures ranging from 7 days to 10 years. The highest interest rate of 7.10% is offered on tenure of 15 months to less than 18 months and 18 months to 2 years. These rates are applicable from February 24, 2023.

Axis Bank
Axis Bank offers interest rates between 3.50% to 7.10% for general citizens. The highest interest rate of 7.10% is offered on tenure of 13 months < 14 months, 14 months < 15 months, 15 months < 16 months, 16 months < 17 months and 17 months < 18 months. These rates are applicable from May 18, 2023.

Yes Bank
Yes Bank offers interest rates between 3.25% to 7.75% for general citizens for tenures ranging from 7 days to 10 years. The highest interest rate of 7.75% is offered on tenure of 18 Month to less than 36 months. These rates are applicable from May 2, 2023.

Kotak Mahindra Bank
Kotak Mahindra Bank offers interest rates between 2.75% to 7.20% for general citizens for tenures ranging from 7 days to 10 years. The highest interest rate of 7.20% is offered on tenure 390 Days, 391 Days - less than 23 months, 23 months and 23 months 1 Day- less than 2 years. These rates are applicable from May 11, 2023.