HDFC vs ICICI vs Axis: These three banks are offering 7.85% interest, check rates

HDFC Bank Vs ICICI Bank Vs Axis Bank FD Rates : Even though there are talks about rate cuts this year, FD investment has come back into focus.

Here is a comparison of interest rates on FDs of less than Rs 3 crore of three big private sector banks Axis Bank, HDFC Bank and ICICI Bank till July 16, 2024. HDFC Bank is offering 7.75 percent, ICICI Bank 7.75 percent per annum and Axis Bank 7.85 percent per annum.

HDFC Bank interest rates on FD of Rs 3 crore

• 7 days to 14 days: For general public – 3.00%; For senior citizens – 3.50%
• 15 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
• 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
• 46 days to 60 days: For general public – 4.50%; For senior citizens – 5.00%
• 61 days to 89 days: For general public – 4.50 percent; For senior citizens – 5.00 percent
• 90 days to 6 months: For general public – 4.50%; For senior citizens – 5.00%
• 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
• Less than 1 year to 15 months: For general public – 6.60 percent; For senior citizens – 7.10 percent
• 15 months to less than 18 months: For general public – 7.10 per cent; For senior citizens – 7.50 per cent
• 18 months to less than 21 months: For general public – 7.25 per cent; For senior citizens – 7.75 per cent
• 21 months to 2 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
• 2 years 1 day to less than 2 years 11 months: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
• 2 years 11 months to 35 months: For general public – 7.15 percent; For senior citizens – 7.65 percent
• 2 years 11 months 1 day to less than or equal to 3 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
• 3 years 1 day to less than 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 – 7.20 percent; For senior citizens – 7.70 percent
• 4 years 7 months 1 day to less than or equal to 5 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent
• 5 years 1 day to 10 years: For general public – 7.00 per cent; For senior citizens – 7.50 per cent.

ICICI Bank interest rates on FD deposits less than Rs 3 crore:

• 7 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
• 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
• 46 days to 60 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
• 61 days to 90 days: For general public – 4.50%; For senior citizens – 5.00%
• 91 days to 184 days: For general public – 4.75 percent; For senior citizens – 5.25 percent
• 185 days to 270 days: For general public – 5.75 percent; For senior citizens – 6.25 percent
• 271 days to less than 1 year: For general public – 6.00 percent; For senior citizens – 6.50 percent
• Less than 1 year to 15 months: For general public – 6.70 percent; For senior citizens – 7.20 percent
• 15 months to less than 18 months: For general public – 7.20 per cent; For senior citizens – 7.75 per cent
• 18 months to 2 years: For general public – 7.20 percent; For senior citizens – 7.70 percent
• 2 years 1 day to 5 years: For general public – 7.00 percent; For senior citizens – 7.50 percent
• 5 years 1 day to 10 years: For general public – 6.90 percent; For senior citizens – 7.40 percent
• 5 Years (Tax Saver FD): For general public – 7.00 per cent; For senior citizens – 7.50 per cent.

Axis Bank FD interest rates (deposits less than Rs 3 crore):

• 7 days to 14 days: For general public – 3.00%; For senior citizens – 3.50%
• 15 days to 29 days: For general public – 3.00%; For senior citizens – 3.50%
• 30 days to 45 days: For general public – 3.50%; For senior citizens – 4.00%
• 46 days to 60 days: For general public – 4.25 percent; For senior citizens – 4.75 percent
• 61 days to less than 3 months: For general public – 4.50 percent; For senior citizens – 5.00 percent
• 3 months to 3 months 24 days: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
• 3 months 25 days to less than 4 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
• 4 months to less than 5 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
• 5 months to less than 6 months: For general public – 4.75 per cent; For senior citizens – 5.25 per cent
• 6 months to less than 7 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
• 7 months to less than 8 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
• 8 months to less than 9 months: For general public – 5.75 per cent; For senior citizens – 6.25 per cent
• 9 months to 10 months: For general public – 6.00 percent; For senior citizens – 6.50 percent
• 10 months to less than 11 months: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
• 11 months to 11 months 24 days: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
• 11 months 25 days to less than 1 year: For general public – 6.00 per cent; For senior citizens – 6.50 per cent
• 1 year to 1 year 4 days: For general public – 6.70 percent; For senior citizens – 7.20 percent
• 1 year 5 days to 1 year 10 days: For general public – 6.70 percent; For senior citizens – 7.20 percent
• 1 year 11 days to 1 year 24 days: For general public – 6.70 percent; For senior citizens – 7.20 percent
• 1 year 25 days to less than 13 months: For general public – 6.70 percent; For senior citizens – 7.20 percent
• 13 months to less than 14 months: For general public – 6.70 per cent; For senior citizens – 7.20 per cent
• 14 months to less than 15 months: For general public – 6.70 per cent; For senior citizens – 7.20 per cent
• 15 months to less than 16 months: For general public – 7.10 per cent; For senior citizens – 7.60 per cent
• 16 months to less than 17 months: For general public – 7.10 per cent; For senior citizens – 7.60 per cent
• 17 months to less than 18 months: For general public – 7.20 per cent; For senior citizens – 7.85 per cent
• 18 months to less than 2 years: For general public – 7.10 percent; For senior citizens – 7.60 percent
• 2 years to 30 months: For general public – 7.10 percent; For senior citizens – 7.60 percent
• 30 months to less than 3 years: For general public – 7.10 percent; For senior citizens – 7.60 percent
• 3 years to less than 5 years: For general public – 7.10 percent; For senior citizens – 7.60 percent
• 5 years to less than 10 years: For general public – 7.00 per cent; For senior citizens – 7.75 per cent.

The Reserve Bank of India has recently increased the definition of retail FD to Rs 3 crore from the earlier Rs 2 crore.