It is crucial to compare FD rates offered by the banks because conservative investors often choose fixed deposits as their first choice for investing as they provide secure and guaranteed returns. Here is a comparison of FD interest rates of several large banks, including Punjab National Bank, HDFC Bank, and ICICI Bank (PNB). There is a probability that banks will increase the FD interest rate in the near future.
SBI FD Rates
SBI FD interest rates vary between 3% to 6.25% for regular citizens for tenure ranging from 7 days to ten years. For senior citizens, the interest rate offered is 3.5% to 7.25%. These rates are effective from December 13, 2022.
| SBI FD interest rates | ||
| Tenors | Revised Rates For Public | Revised Rates for Senior Citizens |
| 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 year | 6.75 | 7.25 |
| 2 years to less than 3 years | 6.75 | 7.25 |
| 3 years to less than 5 years | 6.25 | 6.75 |
| 5 years and up to 10 years | 6.25 | 7.25@ |
HDFC Bank FD rates
For tenure ranging from 7 days to ten years, the interest rates for regular residents is from 3% to 7%. The interest rates range for senior citizens is between 3.5% to 7.75%( including special care FD). These interest rates are effective from January 24, 2023.
| HDFC Bank FD interest rates | ||
| Interest Rate | Senior Citizen Rates | |
| 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 | 4.50% | 5.00% |
| 6 mnths 1 days | 5.75% | 6.25% |
| 9 mnths 1 day to | 6.00% | 6.50% |
| 1 year to | 6.60% | 7.10% |
| 15 months to | 7.00% | 7.50% |
| 18 months to | 7.00% | 7.50% |
| 21 months – 2 years | 7.00% | 7.50% |
| 2 years 1 day – 3 years | 7.00% | 7.50% |
| 3 year 1 day to – 5 years | 7.00% | 7.50% |
| 5 year 1 day – 10 years | 7.00% | 7.75%* |
ICICI Bank FD rates
The interest rates for regular residents ranges from 3% to 7% for tenures of seven days to ten years. Interest rates for senior citizens range from 3.5% to 7.50. These rates are with effect from December 16, 2022.
| ICICI Bank FD interest rates | ||
| 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 | 4.00% | 4.50% |
| 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 | 5.50% | 6.00% |
| 211 days to 270 days | 5.50% | 6.00% |
| 271 days to 289 days | 5.50% | 6.00% |
| 290 days to less than 1 year | 5.75% | 6.25% |
| 1 year to 389 days | 6.60% | 7.10% |
| 390 days to | 6.60% | 7.10% |
| 15 months to | 7.00% | 7.50% |
| 18 months to 2 years | 7.00% | 7.50% |
| 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% |
PNB FD rates
PNB FD interest rates vary between 3.50% to 7.25% for regular citizens for tenure ranging from 7 days to ten years. For senior citizens, the interest rates offered is in the range of 4% to 7.75% and for super senior citizens the interest rate offered is 4.30% to 8.05%. These rates are effective from January 1, 2023.
| PNB FD interest rates | |||
| Period | Revised Rates For Public | Rates For Senior Citizens | Rates For Super Senior Citizens |
| 7 to 14 days | 3.5 | 4 | 4.3 |
| 15 to 29days | 3.5 | 4 | 4.3 |
| 30 to 45 days | 3.5 | 4 | 4.3 |
| 46 to 90 days | 4.5 | 5 | 5.3 |
| 91 to 179 days | 4.5 | 5 | 5.3 |
| 180 days to 270 Days | 5.5 | 6 | 6.3 |
| 271 days to less than 1 year | 5.5 | 6 | 6.3 |
| 1 year | 6.75 | 7.25 | 7.55 |
| above 1 year to 665 days | 6.75 | 7.25 | 7.55 |
| 666 days | 7.25 | 7.75 | 8.05 |
| 667 days to 2 years | 6.75 | 7.25 | 7.55 |
| above 2 year & upto 3 years | 6.75 | 7.25 | 7.55 |
| above 3 year & upto 5 years | 6.5 | 7 | 7.3 |
| above 5 years & upto 10 years | 6.5 | 7.3 | 7.3 |
Yes Bank FD rates
For tenure ranging from 7 days to ten years, Yes Bank offers interest rates from 3.25% to 7%. The interest rates range for senior citizens is between 3.75% to 7.75%. These rates are effective from January 12, 2023.
| Yes bank FD interest rates | ||
| 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 | 5.75% | 6.25% |
| 272 days to | 6.00% | 6.50% |
| 1 Year to | 7.00% | 7.50% |
| 15 months 1 day to | 7.00% | 7.50% |
| 22 months 1 day to | 7.00% | 7.50% |
| 25 months 1 day to | 7.00% | 7.50% |
| 35 months 1 day to | 7.00% | 7.50% |
| 36 months to | 7.00% | 7.75% |
Special tenors fixed deposits
Yes Bank offers an interest rate of 7.75% to regular citizens and 8.51% to senior citizens on tenure of 35 months.
| Period | Effective from | Regular | Senior Citizens |
| Interest Rates | Interest Rates | ||
| FD – 35 | 12-Jan-23 | 7.75% | 8.25% |
| (Tenure : 35 months) | |||
| FD – 25 | 7.50% | 8.00% | |
| (Tenure : 25 months) | |||
| FD – 15 | 3-Jan-23 | 7.25% | 7.75% |
| (Tenure : 15 months) | |||
| FD – 30 | 9-Dec-22 | 7.50% | 8.00% |
| (Tenure : 30 months) | |||
| FD 20-22 | 12-Oct-22 | 7.25% | 7.75% |
| (Tenure : 20 months to 22 months) |