HDFC Bank, SBI or ICICI Bank: Which bank offers best FD rates? Know here

In the wake of the Reserve Bank of India's series of policy rate hikes starting in May of the previous year, we've seen an upward trajectory in FD interest rates. This adjustment has been a response to the increased deposit rates offered by banks during this time. Surprisingly, current FD rates have soared as high as 7.75%, surpassing the 15-month high inflation rate of 7.44%. All major banks, including HDFC Bank, SBI, and ICICI Bank, have joined the trend by raising both their fixed deposit interest rates and the rates on their loans over the course of the past year.

For HDFC Bank, the fixed deposit interest rates are now topping at 7.75%, contingent on the tenure of the deposit and the depositor's age. ICICI Bank has notched up rates as high as 7.60% annually, while SBI follows closely with a rate of 7.50% per annum.

Here's a side-by-side comparison of the latest FD interest rates for deposits below Rs 2 crore offered by these three prominent lenders: ICICI Bank, State Bank of India (SBI), and HDFC Bank.

HDFC Bank's Current FD Interest Rates (per annum) for deposits under Rs 2 crore:

• 7 to 14 days: General Public - 3.00%, Senior Citizens - 3.50%

• 15 to 29 days: General Public - 3.00%, Senior Citizens - 3.50%

• 30 to 45 days: General Public - 3.50%, Senior Citizens - 4.00%

• 46 to 60 days: General Public - 4.50%, Senior Citizens - 5.00%

• 61 to 89 days: General Public - 4.50%, Senior Citizens - 5.00%

• 90 days to 6 months: General Public - 4.50%, Senior Citizens - 5.00%

• 6 months 1 day to less than 9 months: General Public - 5.75%, Senior Citizens - 6.25%

• 9 months 1 day to less than 1 year: General Public - 6.00%, Senior Citizens - 6.50%

• 1 year to less than 15 months: General Public - 6.60%, Senior Citizens - 7.10%

• 15 months to less than 18 months: General Public - 7.10%, Senior Citizens - 7.50%

• 18 months 1 day to less than 21 months: General Public - 7.00%, Senior Citizens - 7.50%

• 21 months to 2 years: General Public - 7.00%, Senior Citizens - 7.50%

• 2 years 1 day to less than 2 years 11 months: General Public - 7.00%, Senior Citizens - 7.50%

• 2 years 11 months to 35 months: General Public - 7.00%, Senior Citizens - 7.50%

• 2 years 11 month 1 day to 4 years 7 months: General Public - 7.00%, Senior Citizens - 7.50%

• 4 years 7 months 1 day to 5 years: General Public - 7.00%, Senior Citizens - 7.50%

• 5 years 1 day to 10 years: General Public - 7.00%, Senior Citizens - 7.75%

SBI's FD interest rates (for deposits below Rs 2 Crore):

• 7 to 45 days: General Public - 3.00%, Senior Citizens - 3.50%

• 46 to 179 days: General Public - 4.50%, Senior Citizens - 5.00%

• 180 to 210 days: General Public - 5.25%, Senior Citizens - 5.75%

• 211 days to less than 1 year: General Public - 5.75%, Senior Citizens - 6.25%

• 1 year to less than 2 years: General Public - 6.80%, Senior Citizens - 7.30%

• 2 years to less than 3 years: General Public - 7.00%, Senior Citizens - 7.50%

• 3 years to less than 5 years: General Public - 6.50%, Senior Citizens - 7.00%

• 5 years to up to 10 years: General Public - 6.50%, Senior Citizens - 7.50%

Below are the most recent interest rates for fixed deposits under Rs 2 crore at ICICI Bank:

• 7 to 14 days: General Public - 3.00%, Senior Citizens - 3.50%

• 15 to 29 days: General Public - 3.00%, Senior Citizens - 3.50%

• 30 to 45 days: General Public - 3.50%, Senior Citizens - 4.00%

• 46 to 60 days: General Public - 4.25%, Senior Citizens - 4.75%

• 61 to 90 days: General Public - 4.50%, Senior Citizens - 5.00%

• 91 to 120 days: General Public - 4.75%, Senior Citizens - 5.25%

• 121 to 150 days: General Public - 4.75%, Senior Citizens - 5.25%

• 151 to 184 days: General Public - 4.75%, Senior Citizens - 5.25%

• 185 to 210 days: General Public - 5.75%, Senior Citizens - 6.25%

• 211 to 270 days: General Public - 5.75%, Senior Citizens - 6.25%

• 271 to 289 days: General Public - 6.00%, Senior Citizens - 6.50%

• 290 days to less than 1 year: General Public - 6.00%, Senior Citizens - 6.50%

• 1 year to 389 days: General Public - 6.70%, Senior Citizens - 7.20%

• 390 days to less than 15 months: General Public - 6.70%, Senior Citizens - 7.20%

• 15 months to less than 18 months: General Public - 7.10%, Senior Citizens - 7.60%

• 18 months to 2 years: General Public - 7.10%, Senior Citizens - 7.60%

• 2 years 1 day to 3 years: General Public - 7.00%, Senior Citizens - 7.50%

• 3 years 1 day to 5 years: General Public - 7.00%, Senior Citizens - 7.50%

• 5 years 1 day to 10 years: General Public - 6.90%, Senior Citizens - 7.50%.

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