The RBI MPC meeting is going to take place next week between February 6-8, to decide on the interest rate movement in the country. The central bank in 2022 raised the repo rate five times by 225 basis points in total to 6.25 per cent. Several banks, including HDFC Bank, PNB and ICICI Bank, have also raised their interest rates on fixed deposits as well as loans.
Here’s the comparison of the current fixed deposit (FD) interest rates offered by three lenders ICICI Bank, PNB and HDFC Bank on deposits below Rs 2 crore:
Latest interest rates on fixed deposits less than Rs 2 crore at HDFC Bank (per annum), effective from January 24, 2023:
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 – 7.00 per cent; For Senior Citizens – 7.50 per cent
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 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
3 years 1 day 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.
Latest interest rates on fixed deposits below Rs 2 crore at the Punjab National Bank (per annum) effective from January 1, 2023:
7 days to 14 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
15 days to 29 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
46 days to 90 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
91 days to 179 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
180 days to 270 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
271 days to less than 1 year: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
1 year: For General Public – 6.75 per cent; For Senior Citizens – 7.25 per cent
Above 1 year to 665 days: For General Public – 6.75 per cent; For Senior Citizens – 7.25 per cent
666 days: For General Public – 7.25 per cent; For Senior Citizens – 7.75 per cent
667 days to 2 Years: For General Public – 6.75 per cent; For Senior Citizens – 7.25 per cent
Above 2 years up to 3 years: For General Public – 6.75 per cent; For Senior Citizens – 7.25 per cent
Above 3 years up to 5 years: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent
Above 5 years to 10 years: For General Public – 6.50 per cent; For Senior Citizens – 7.30 per cent.
Here are the latest interest rates on fixed deposits below Rs 2 crore at ICICI Bank (effective December 16, 2022):
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 – 4.00 per cent; For Senior Citizens – 4.50 per cent
61 days to 90 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
91 days to 120 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
121 days to 150 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
151 days to 184 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent
185 days to 210 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
211 days to 270 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
271 days to 289 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
290 days to less than 1 year: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
1 year to 389 days: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
390 days 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 – 7.00 per cent; For Senior Citizens – 7.50 per cent
18 months to 2 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
2 years 1 day to 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
3 years 1 day 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 – 6.90 per cent; For Senior Citizens – 7.50 per cent.
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