Thursday , February 25 2021

SBI vs ICICI vs HDFC vs Yes Bank



The banks ‘fixed deposit rates (FDs) are determined by changes in the Reserve Bank of India’s (RBI) monetary policy, such as the repo rate, base rate, etc., the banks’ internal liquidity position, financial conditions and the level of credit requirements. To maintain the status quo for the third time in a row, the Reserve Bank of India (RBI) decided on Friday to keep the policy rate unchanged at 4%. For former investors, this is good news, as the banks will not lower interest rates on deposits. Banks such as the State Bank of India (SBI), ICICI Bank, HDFC Bank and Yes Bank offer FD interest rates from 7 days to 10 years. FD interest rates for different banks vary depending on the deposit amount, deposit period and type of depositor.

Here are the latest FD interest rates offered by SBI, ICICI Bank, HDFC Bank and Yes Bank:

SBI latest FD interest rates (below $2 crore) for the public

SBI FDs between 7 days and 10 years give 2.9% to 5.4% to general customers. Retirees receive 50 base points (bps) extra on these deposits. SBI last revised its FD interest rates on 10 September.

7 days to 45 days – 2.9%

46 days to 179 days – 3.9%

180 days to 210 days – 4.4%

211 days to less than 1 year – 4.4%

1 year to less than 2 years – 4.9%

2 years to less than 3 years – 5.1%

3 years to less than 5 years – 5.3%

5 years and up to 10 years – 5.4%

ICICI Bank latest FD interest rates (below $2 crore) for the public

ICICI Bank offers an interest rate of between 2.5% and 5.50% on deposits maturing in 7 days to 10 years. These prices apply from 21 October. Senior citizens will continue to receive an interest rate of 50 basis points (bps) higher than others.

7 days to 14 days – 2.50%

15 days to 29 days – 2.50%

30 days to 45 days – 3%

46 days to 60 days – 3%

61 days to 90 days – 3%

91 days to 120 days – 3.5%

121 days to 184 days – 3.5%

185 days to 210 days – 4.40%

211 days to 270 days – 4.40%

271 days to 289 days – 4.40%

290 days to less than 1 year – 4.40%

1 year to 389 days – 4.9%

390 days to <18 months - 4.9%

18 months days to 2 years – 5%

2 years 1 day to 3 years – 5.15%

3 years 1 day to 5 years – 5.35%

5 years 1 day to 10 years – 5.50%

HDFC Bank latest FD interest rates (below $2 crore) for the public

HDFC Bank offers interest rates from 2.50% to 5.50% on deposits maturing between 7 days and 10 years. These prices are valid from 13 November. Senior citizens continue to receive 50 points higher interest rates than the general public. The bank offers interest rates from 3% to 6.25% on PhDs that fall due at seven to ten years to senior citizens.

7-14 days 2.50%

15-29 days 2.50%

30-45 days 3%

46 – 60 days 3%

61 – 90 days 3%

91 days – 6 months 3.5%

6 months 1 days – 9 months 4.4%

9 months 1 day <1 year 4.4%

1 year – 4.9%

1 year 1 day – 2 years 4.9%

2 years 1 day – 3 years 5.15%

3 years 1 day – 5 years 5.30%

5 years 1 day – 10 years 5.50%

Yes The Bank’s latest FD interest rates (below $2 crore) for the public

Yes Bank offers interest rates in the range of 3.5% to 7% to the public for deposits of up to $2 crore. These prices are valid from 5 November

7 to 14 days 3.5%

15 to 45 days 4%

46 to 90 days 4.50%

3 months to <6 months 5%

6 months to <9 months 5.50%

9 months to <1 year 5.75%

1 year to <2 years 6.75%

2 years <3 years 7.00%

3 years to <= 10 years * 6.5%

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