OPEN APP
Home / Money / Personal Finance /  Bank fixed deposit rates: SBI vs HDFC Bank vs ICICI vs Kotak Mahindra vs BoB
Listen to this article

The rate of interest on a Fixed Deposit is determined by the principal amount invested and the term of the investment. FD interest rates of different banks vary by amount, tenure and type of depositor. So it's always important to compare the FD rates offered by various banks before investing.

Let's take a look at the latest FD interest rates offered by Kotak Mahindra Bank, Bank of Baroda (BoB), SBI HDFC Bank and ICICI Bank

Kotak Mahindra latest FD rates

Kotak Mahindra Bank has hiked FD rates of various tenures for amounts less than 2 crore. The new rates are effective from April 12, 2022, according to the Kotak Mahindra Bank website. After the latest hike, the bank is giving interest rates ranging from 2.50% to 5.60% on deposits maturing in 7 days to 10 years.

HDFC Bank latest FD rates

Private lender HDFC Bank has increased the interest rates on fixed deposits of less than 2 crore on some tenures, according to the lender's website. The new fixed deposit (FD) rates are with effect from 6 April 2022. HDFC Bank offers 2.50 per cent to 5.60 per cent interest rates on deposits maturing in 7 days to ten years for the general public.

Bank of Baroda latest FD rates

Bank of Baroda (BoB) has raised interest rates on fixed deposits (FDs) with effect from March 22 for deposits of less than 2 crore. After this revision, the Bank of Baroda's latest FD interest rates ranges from 2.80 per cent to 5.55 per cent for maturities between 7 days and 10 years.

SBI latest FD interest rates

SBI FDs between 7 days to 10 years will give 2.9% to 5.5% to general customers. Senior citizens will get 50 basis points (bps) extra on these deposits -3.4 %to 6.30%. These rates are effective from 15 February 2022.

ICICI Bank latest FD interest rates

ICICI Bank is giving interest rates ranging from 2.50% to 5.60% on deposits maturing in 7 days to 10 years. These rates are with effect from 20 January 2022

 

 

 

 

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Close
Recommended For You
×
Edit Profile
Get alerts on WhatsApp
Set Preferences My ReadsFeedbackRedeem a Gift CardLogout