• Best Fixed Deposit Interest Rates after COVID

    Traditionally, fixed deposits or FDs have been a go-to investment option for a majority of the population. Fixed deposits allow you to invest for a period of 7 days to 10 years. Lately, most banks have been cutting down the interest rates for fixed deposits on both short-term and long-term deposits. However, some of the banks providing the best rates at this point in time are being listed below:

    SBI Fixed Deposit (FD) Interest Rates

    State Bank of India (SBI) offers interest rates starting at 2.90% p.a. for term deposits. The rates go up to 5.40% p.a. The bank also offers special rates for the senior citizens which is an additional 0.50% p.a. over and above the regular rates. The rates of interest for term deposits under Rs.2 crore are as follows:

    The interest rates for domestic term deposits of less than Rs.2 crore are given below:

    Tenure Interest Rate for General Citizens (p.a.) Interest Rate for Senior Citizens (p.a.)
    7 days to 45 days 2.90% p.a. 3.40% p.a.
    46 days to 179 days 3.90% p.a. 4.40% p.a.
    180 days to 210 days 4.40% p.a. 4.90% p.a.
    211 days to less than 1 year 4.40% p.a. 4.90% p.a.
    1 year to less than 2 years 5.00% p.a. 5.50% p.a.
    2 years to less than 3 years 5.10% p.a. 5.60% p.a.
    3 years to less than 5 years 5.30% p.a. 5.80% p.a.
    5 years and up to 10 years 5.40% p.a. 6.20% p.a.

    Note: The FD interest rates are effective as of 8 January 2021. Interest rates are subject to change at the discretion of the bank.

    ICICI Fixed Deposit (FD) Interest Rates

    ICICI Bank fixed deposit scheme interest rates starting at 2.50% p.a. Senior citizens are provided an additional interest rate of 0.5%. The tenure of the scheme ranges from 7 days to 10 years.

    The interest rates mentioned here are for deposits that have the premature withdrawal facility:

    Tenure Interest Rate for General Citizens (p.a.) Interest Rate for Senior Citizens (p.a.)
    7 days to 14 days 2.50% p.a. 3.00% p.a.
    15 days to 29 days 2.50% p.a. 3.00% p.a.
    30 days to 45 days 3.00% p.a. 3.50% p.a.
    46 days to 60 days 3.00% p.a. 3.50% p.a.
    61 days to 90 days 3.00% p.a. 3.50% p.a.
    91 days to 120 days 3.50% p.a. 4.00% p.a.
    121 days to 184 days 3.50% p.a. 4.00% p.a.
    185 days to 210 days 4.40% p.a. 4.90% p.a.
    211 months to 270 days 4.40% p.a. 4.90% p.a.
    271 days to less than 289 days 4.40% p.a. 4.90% p.a.
    290 days to less than 1 year 4.40% p.a. 4.90% p.a.
    1 year to 389 days 4.90% p.a. 5.40% p.a.
    390 days to less than 18 months 4.90% p.a. 5.40% p.a.
    18 months to 2 years 5.00% p.a. 5.50% p.a.
    2 years 1 day to 3 years 5.15% p.a. 5.65% p.a.
    3 years 1 day to 5 years 5.35% p.a. 5.85% p.a.
    5 years 1 day to 10 years 5.50% p.a. 6.30% p.a.
    5 years (80C FD) - Max to Rs.1.50 lakh 5.35% p.a. 5.85% p.a.

    Note: The FD interest rates are effective as of 10 July 2021. Interest rates are subject to change at the discretion of the bank.

    HDFC Fixed Deposit (FD) Interest Rates

    HDFC Fixed Deposit rates start at 2.50% p.a. and goes up to 5.50% p.a. for general public. Senior citizens enjoy an additional rate of interest of 0.50% p.a. You can invest in HDFC term deposits for a period of 7 days to 10 years, as per your requirement.

    The rates for different investment tenure are listed below.

    Tenure Interest Rate for General Citizens (p.a.) Interest Rate for Senior Citizens (p.a.)
    7 days to 14 days 2.50% p.a. 3.00% p.a.
    15 days to 29 days 2.50% p.a. 3.00% p.a.
    30 days to 45 days 3.00% p.a. 3.50% p.a.
    46 days to 60 days 3.00% p.a. 3.50% p.a.
    61 days to 90 days 3.00% p.a. 3.50% p.a.
    91 days to 6 months 3.50% p.a. 4.00% p.a.
    6 months 1 day to 9 months 4.40% p.a. 4.90% p.a.
    9 months 1 day to less than 1 year 4.40% p.a. 4.90% p.a.
    1 year 4.90% p.a. 5.40% p.a.
    1 year 1 day to 2 years 4.90% p.a. 5.40% p.a.
    2 years 1 day to 3 years 5.15% p.a. 5.65% p.a.
    3 years 1 day to 5 years 5.30% p.a. 5.80% p.a.
    5 years 1 day to 10 years 5.50% p.a. 6.25% p.a.

    Note: The FD interest rates are effective as of 1 June 2021. Interest rates are subject to change at the discretion of the bank.

    PNB Fixed Deposit (FD) Interest Rates

    Punjab National Bank (PNB) offers Fixed Deposit for interest rates starting at the rate of 3.00% p.a. Senior citizens are eligible to get an additional 50 bps or 0.50% p.a. interest over the prevailing interest rates for deposits of less than Rs.2 crore. The FD schemes come with a tenure ranging from 7 days to 10 years.

    Tenure Interest Rate for General Citizens (p.a.) Interest Rate for Senior Citizens (p.a.)
    7 days to 14 days 3.00% p.a. 3.50% p.a.
    15 days to 29 days 3.00% p.a. 3.50% p.a.
    30 days to 45 days 3.00% p.a. 3.50% p.a.
    46 days to 90 days 3.25% p.a. 3.75% p.a.
    91 days to 179 days 4.00% p.a. 4.50% p.a.
    180 days to 270 days 4.40% p.a. 4.90% p.a.
    271 days to less than a year 4.50% p.a. 5.00% p.a.
    1 year 5.10% p.a. 5.60% p.a.
    Above 1 year and up to 2 years 5.10% p.a. 5.60% p.a.
    Above 2 years and up to 3 years 5.10% p.a. 5.60% p.a.
    Above 3 years and up to 5 years 5.25% p.a. 5.75% p.a.
    Above 5 years and up to 10 years 5.25% p.a. 5.75% p.a.

    Note: The FD interest rates are effective as of 10 May 2021. Interest rates are subject to change at the discretion of the bank.

    Bank of India (BOI) Fixed Deposit (FD) Interest Rates

    Bank of India (BOI) offers fixed deposits for investment tenures of 7 days to 10 years. The rates of interest start at the rate of 2.85% p.a. and goes up to 5.15% p.a. for the general public. The rates are same for senior citizens for the investment tenures of up to 180 days or 6 months. Senior citizens are eligible for an additional interest rate of 0.5% p.a. for investment tenures of 6 months and above.

    Tenure Interest Rate for General Citizens (p.a.) Interest Rate for Senior Citizens (p.a.)
    7 days to 14 days 2.85% p.a. 3.00% p.a.
    15 days to 30 days 2.85% p.a. 3.00% p.a.
    31 days to 45 days 2.85% p.a. 3.00% p.a.
    46 days to 90 days 3.85% p.a. 4.00% p.a.
    91 days to 179 days 3.85% p.a. 4.00% p.a.
    180 days to 269 days 4.35% p.a. 4.85% p.a.
    270 days to less than 1 year 4.35% p.a. 4.85% p.a.
    1 year and above to less than 2 years 5.10% p.a. 5.60% p.a.
    2 years and above to less than 3 years 5.15% p.a. 5.65% p.a.
    3 years and above to less than 5 years 5.15% p.a. 5.65% p.a.
    5 years and above to less than 8 years 5.15% p.a. 5.65% p.a.
    8 years and above to 10 years 5.15% p.a. 5.65% p.a.

    Note: The FD interest rates are effective as of 1 July 2021. Interest rates are subject to change at the discretion of the bank.

    Axis Bank Fixed Deposit (FD) Interest Rates

    Axis Bank offers fixed deposits for the general public for investment tenure ranging from 7 days to 10 years. The rates of interest offered by the bank ranges from 2.50% p.a. to 5.75% p.a. for the general public. The bank also offers special additional rates for senior citizens for certain investment tenures. The rates for deposits of less than Rs.2 crore are listed below.

    Tenure Interest Rate for General Citizens (p.a.) Interest Rate for Senior Citizens (p.a.)
    7 days to 14 days 2.50% p.a. 2.50% p.a.
    15 days to 29 days 2.50% p.a. 2.50% p.a.
    30 days to 45 days 3.00% p.a. 3.00% p.a.
    46 days to 60 days 3.00% p.a. 3.00% p.a.
    61 days to less than 3 months 3.00% p.a. 3.00% p.a.
    3 months to less than 4 months 3.50% p.a. 3.50% p.a.
    4 months to less than 5 months 3.50% p.a. 3.50% p.a.
    5 months to less than 6 months 3.50% p.a. 3.50% p.a.
    6 months to less than 7 months 4.40% p.a. 4.65% p.a.
    7 months to less than 8 months 4.40% p.a. 4.65% p.a.
    8 months to less than 9 months 4.40% p.a. 4.65% p.a.
    9 months to less than 10 months 4.40% p.a. 4.65% p.a.
    10 months to less than 11 months 4.40% p.a. 4.65% p.a.
    11 months to less than 11 months 25 days 4.40% p.a. 4.65% p.a.
    11 months 25 days to less than 1 year 4.40% p.a. 4.65% p.a.
    1 year to less than 1 year 5 days 5.10% p.a. 5.75% p.a.
    1 year 5 days to less than 1 year 11 days 5.15% p.a. 5.80% p.a.
    1 year 11 days to less than 1 year 25 days 5.10% p.a. 5.75% p.a.
    1 year 25 days to less than 13 months 5.10% p.a. 5.75% p.a.
    13 months to less than 14 months 5.10% p.a. 5.75% p.a.
    14 months to less than 15 months 5.10% p.a. 5.75% p.a.
    15 months to less than 16 months 5.10% p.a. 5.75% p.a.
    16 months to less than 17 months 5.10% p.a. 5.75% p.a.
    17 months to less than 18 months 5.10% p.a. 5.75% p.a.
    18 months to less than 2 years 5.25% p.a. 5.90% p.a.
    2 years to less than 30 months 5.40% p.a. 6.05% p.a.
    30 months to less than 3 years 5.40% p.a. 5.90% p.a.
    3 years to less than 5 years 5.40% p.a. 5.90% p.a.
    5 years to 10 years 5.75% p.a. 6.50% p.a.

    Note: The FD interest rates are effective as of 22 June 2021. Interest rates are subject to change at the discretion of the bank.

    Bank Of Baroda (BOB) Fixed Deposit (FD) Interest Rates

    Bank of Baroda offers the Fixed Deposit (FD) schemes at attractive interest rates with a tenure ranging between 7 days and 10 years. The rates of interest for the general public ranges from 2.80% p.a. to 5.25% p.a. Senior citizens are offered an additional interest rate on the FD scheme at the rate of 0.50% p.a. for tenures of up to 5 years and 1.00% p.a. for more than 5 years and up to 10 years.

    Tenure Interest Rate for General Citizens (p.a.) Interest Rate for Senior Citizens (p.a.)
    7 days to 14 days 2.80% p.a. 3.30% p.a.
    15 days to 45 days 2.80% p.a. 3.30% p.a.
    46 days to 90 days 3.70% p.a. 4.20% p.a.
    91 days to 180 days 3.70% p.a. 4.20% p.a.
    181 days to 270 days 4.30% p.a. 4.80% p.a.
    271 days to less than 1 year 4.40% p.a. 4.90% p.a.
    1 year 4.90% p.a. 5.40% p.a.
    More than 1 year up to 400 days 5.00% p.a. 5.50% p.a.
    More than 400 days up to 2 years 5.00% p.a. 5.50% p.a.
    More than 2 years up to 3 years 5.10% p.a. 5.60% p.a.
    More than 3 years up to 5 years 5.25% p.a. 5.75% p.a.
    More than 5 years up to 10 years 5.25% p.a. 6.25% p.a.

    Note: The FD interest rates are effective as of 16 November 2020. Interest rates are subject to change at the discretion of the bank.

    YES Bank Fixed Deposit (FD) Interest Rates

    YES Bank offers term deposit schemes for customers with investment tenure that ranges from 7 days and goes up to 10 years. The bank offers rates of interest starting at the rate of 3.25% p.a. for the general public. The rates go up to 6.50% p.a. The bank also offers special rates for senior citizens. The rates are listed below.

    Tenure Interest Rate for General Citizens (p.a.) Interest Rate for Senior Citizens (p.a.)
    7 days to 14 days 3.25% p.a. 3.75% p.a.
    15 days to 45 days 3.50% p.a. 4.00% p.a.
    46 days to 90 days 4.00% p.a. 4.50% p.a.
    3 months to less than 6 months 4.50% p.a. 5.00% p.a.
    6 months to less than 9 months 5.00% p.a. 5.50% p.a.
    9 months to less than 1 year 5.25% p.a. 5.75% p.a.
    1 year to less than 2 years 6.00% p.a. 6.50% p.a.
    2 years to less than 3 years 6.00% p.a. 6.50% p.a.
    3 years to less than 5 years 6.25% p.a. 7.00% p.a.
    5 years to up to 10 years 6.50% p.a. 7.25% p.a.

    Note: The FD interest rates are effective as of 3 June 2021. Interest rates are subject to change at the discretion of the bank.

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