SBI vs HDFC vs ICICI vs Axis Bank: Which bank offers the best return on fixed deposits, check rates

Fixed deposit schemes are an investment in which a large number of people invest their money. The main reason for this is the security of returns. For this reason, State Bank of India, ICICI Bank, HDFC Bank and Axis Bank are offering different options to attract customers towards fixed deposits. All these banks are offering FD plans ranging from 7 days to 10 years.

Let us understand which bank will be beneficial for you to invest in.

• 7 to 14 days – 2 .50%
• 15 to 29 days – 2.50%
• 30 to 45 days – 3%
• 46 to 60 days -3%
• 61 days <3 months – 3%
• 3 months <4 months – 3.5%
• 4 months <5 months – 3.5%
• 5 months <6 months – 3.5%
• 6 months <11 months – 4.40%
• 11 months <11 months 25 days – 4.40%
• 11 months 25 days <1 year – 5.5%
• 1 year <1 year 5 days – 5.15%
• 1 year 5 days <1 year 11 days- 5.10%
• 1 year 11 days <1 year 25 days – 5.10%
• 1 year 25 days <13 months – 5.10%
• 14 months <18 months – 5.10%
• 18 months <2 years – 5.25%
• 2 years <5 years- 5.40%
• 5 years to 10 years – 5.75%

State Bank of India Fixed Deposit Rates (Less than Rs 2 Crore)

• 7 to 45 days – 2.9%
• 46 to 179 days – 3.9%
• 180 to 210 days – 4.4%
• 211 days <less than 1 year – 4.4%
• 1 year or more but less than 2 years- 5%
• 2 years or more but less than 3 years – 5.1%
• 3 years or more but less than 5 years – 5.3%
• 5 years or more but less than 10 years – 5.4%

HDFC Bank Fixed Deposit Rates (Less than Rs 2 Crore)

• 7 to 14 days – 2.50%
• 15 to 29 days – 2.50%
• 30 to 45 days – 3%
• 46 to 60 days – 3%
• 61 to 90 days – 3%
• 91 to 6 months – 3.5%
• 6 months a day to 9 months – 4.4%
• 9 months from 1 day but less than 1 year 4.4%
• 1 year – 4.9%
• 1 year a day – up to 2 years – 4.9%
• 2 years a day to 3 years – 5.15%
• 3 years 1 day to 5 years – 5.30%
• 5 years 1 day to 10 years – 5.50%

ICICI Bank Fixed Deposit Rates (Less than Rs 2 Crore)

• 7-14 days 2.50%
• 15-29 days 2.50%
• 30-45 days 3%
• 46-60 days 3%
• 61 -90 3%
• 91 days – 6 months 3.5%
• 6 months from 1 day to 9 months 4.4%
• 9 months a <1 year 4.4%
• 1 year 4.9%
• 1 year 1 day – 2 years 4.9%
• 2 years 1 day – 3 years 5.15%
• 3 years 1 day – 5 years 5.30%
• 5 years 1 day 10 years 5.50%