Bank FD: HDFC Bank Vs SBI Vs Axis Bank; Check Detailed Comparison of Latest Interest Rates

 

Here’s the comparison of the current FD interest rates offered by three large banks HDFC Bank, SBI and Axis Bank on deposits below Rs 2 crore

HDFC Bank Vs SBI Vs Axis Bank FD Rates: Interest rates in India have seen continuous hikes since May 2022, resulting in a rise in lending and deposit rates. As a result of this, FD interest rates have also seen a jump, thus making them attractive. The RBI in its last monetary policy kept the key repo rate unchanged at 6.50 per cent.

HDFC Bank is currently offering FD interest rates in the range of 3 per cent to 7.10 per cent, depending upon the tenure of deposit. Axis Bank is offering FD rates in the range of 3.50 per cent and 7.75 per cent, depending upon deposit tenure. SBI is offering FD interest rates between 3 per cent and 7 per cent. Apart from this, banks are also offering 50 bps more to senior citizens.

Here’s the comparison of the current fixed deposit (FD) interest rates offered by three large banks HDFC Bank, State Bank of India (SBI) and Axis Bank on deposits below Rs 2 crore:

Latest interest rates on fixed deposits less than Rs 2 crore at HDFC Bank (per annum):

7 days to 14 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

15 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent

46 days to 60 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent

61 days to 89 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent

90 days to less than equal to 6 months: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent

6 months 1 day to less than 9 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent

9 months 1 day to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent

1 Year to less than 15 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent

15 months to less than 18 months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent

Read More: 4 factors to consider before applying for education loan

18 months 1 day to less than 21 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent

21 months to 2 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent

2 years 1 day to 2 years 11 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent

2 years 11 months 1 day to up to 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent

3 years 1 day to 4 years 7 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent

4 years 7 months to 55 months: For General Public – 7.25 per cent; For Senior Citizens – 7.75 per cent

5 years 1 day to 10 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent.

Here are the revised interest rates on fixed deposits below Rs 2 crore at the Axis Bank:

7 days to 14 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens

15 days to 29 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens

30 days to 45 days: 3.50 per cent for General Public; 3.50 per cent for Senior Citizens

46 days to 60 days: 4.00 per cent for General Public; 4.00 per cent for Senior Citizens

61 days to less than 3 months: 4.50 per cent for General Public; 4.50 per cent for Senior Citizens

3 months to less than 4 months: 4.75 per cent for General Public; 4.75 per cent for Senior Citizens

4 months to less than 5 months: 4.75 per cent for General Public; 4.75 per cent for Senior Citizens

5 months to less than 6 months: 4.75 per cent for General Public; 4.75 per cent for Senior Citizens

6 months to less than 7 months: 5.75 per cent for General Public; 6.00 per cent for Senior Citizens

7 months to less than 8 months: 5.75 per cent for General Public; 6.00 per cent for Senior Citizens

8 months to less than 9 months: 5.75 per cent for General Public; 6.00 per cent for Senior Citizens

9 months to less than 10 months: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens

Read More: Applying for digital credit? Beware of these 4 red flags on digital lending platforms

10 months to less than 11 months: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens

11 months to less than 11 months 25 days: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens

11 months 25 days to less than 1 year: 6.00 per cent for General Public; 6.25 per cent for Senior Citizens

1 year to less than 1 year 4 days: 6.75 per cent for General Public; 7.50 per cent for Senior Citizens

1 year 5 days to less than 1 year 11 days: 6.80 per cent for General Public; 7.55 per cent for Senior Citizens

1 year 11 days to less than 1 year 24 days: 6.80 per cent for General Public; 7.55 per cent for Senior Citizens

1 year 25 days to less than 13 months: 6.80 per cent for General Public; 7.55 per cent for Senior Citizens

13 months to less than 14 months: 7.10 per cent for General Public; 7.85 per cent for Senior Citizens

14 months to less than 15 months: 7.10 per cent for General Public; 7.85 per cent for Senior Citizens

15 months to less than 16 months: 7.10 per cent for General Public; 7.85 per cent for Senior Citizens

16 months to less than 17 months: 7.10 per cent for General Public; 7.85 per cent for Senior Citizens

17 months to less than 18 months: 7.10 per cent for General Public; 7.85 per cent for Senior Citizens

18 months to less than 2 years: 7.10 per cent for General Public; 7.85 per cent for Senior Citizens

2 years to less than 30 months: 7.05 per cent for General Public; 7.80 per cent for Senior Citizens

30 months to less than 3 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens

3 years to less than 5 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens

5 years to 10 years: 7.00 per cent for General Public; 7.75 per cent for Senior Citizens

State Bank of India’s FD Interest Rate (On Deposits Below Rs 2 Crore):

7 days to 45 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

46 days to 179 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent

Read More: Mahila Samman Savings Scheme: Open Account In ICICI Bank, Axis Bank, HDFC Bank, IDBI Bank & PSUs

180 days to 210 days: For General Public – 5.25 per cent; For Senior Citizens – 5.75 per cent

211 days to less than 1 years: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent

1 year to less than 2 years: For General Public – 6.80 per cent; For Senior Citizens – 7.30 per cent

2 years to less than 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent

3 years to less than 5 year: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent

5 years to up to 10 years: For General Public – 6.50 per cent; For Senior Citizens – 7.50 per cent.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more