Home >Money >Personal Finance >SBI new FD rates from today. How they compare with HDFC Bank, PNB, Axis Bank
SBI has slashed the interest rate on deposits maturing in 1 year to less than 2 years.
SBI has slashed the interest rate on deposits maturing in 1 year to less than 2 years.

SBI new FD rates from today. How they compare with HDFC Bank, PNB, Axis Bank

  • The cut in FD rate follows a 25 bps reduction in repo rate by the RBI last week
  • Axis Bank and Punjab National Bank have also revised FD rates in October

State Bank of India (SBI) has slashed interest rates on fixed deposits (FD) on select maturities with effect from today, 10th October 2019. The cut in FD rate follows a 25 bps reduction in repo rate by the Reserve Bank Of India (RBI) last week. For FDs maturing in 7 days to 45 days and 46 days to 179 days, SBI gives 4.50% and 5.50% interest respectively. For FDs maturing in 180 days to 210 days and 211 days to less than 1 year, the bank offers an interest rate of 5.80%. SBI has slashed the interest rate on deposits maturing in 1 year to less than 2 years by 10 basis points, now these deposits will give you an interest rate of 6.40%. For FDs maturing in 2 years to 10 years, SBI will give 6.25% interest.

SBI latest FD interest rates (below 2 crore) for general public effective 10 October

7 days to 45 days-4.50%

46 days to 179 days-5.50%

180 days to 210 days-5.80%

211 days to less than 1 year-5.8%

1 year to less than 2 year-6.4%

2 years to less than 3 years-6.25%

3 years to less than 5 years-6.25%

5 years and up to 10 years-6.25%

HDFC Bank latest FD interest rates (below 2 crore) for general public

HDFC Bank offers 3.50% interest rate deposits between 7 days and 14 days. For 15 days to 29 days maturity FDs, HDFC Bank is offering 4.25%, 30 days to 45 days 5.15%, 46 days to 6 months 5.65%, six months one day to nine months 6.25% and nine months one day to less than 1 year 6.35%. For FDs with maturity period 1 year and 2 years, the bank gives 6.60% interest. For deposits maturing in 2 years 1 day to 3 years, HDFC Bank gives the highest interest rate at 7%. For FDs maturing in 3 years 1 day to 10 years, the bank will offer an interest rate of 6.90%

7 to 14 days-3.50%

15 to 29 days-4.25%

30 to 45 days-5.15%

46 to 60 days-5.65%

61 to 90 days-5.65%

91 days to 6 months-5.65%

6 months 1 day to 9 months-6.25%

9 months 1 day to less than 1 year-6.35%

1 year- 6.60%

1 year 1 day to 2 years-6.60%

2 years 1 day to 3 years-7.00%

3 year 1 day to 5 years-6.90%

5 years 1 day to 10 years-7.00%

Axis Bank latest FD interest rates (below 2 crore) for general public

Axis Bank has revised interest rates on FDs with effect from 4th October. Axis Bank offers FDs across different tenures, ranging from 7 days to 10 years. Axis Bank is offering 3.50% interest on FDs between 7 days to 14 days. On FDs between 15 days to 29 days and 30 days to 45 days, Axis Bank is offering 4.00% and 5.20% interest respectively. For 46 days to less than 3 months, the interest rate is 5.65%. For FDs with 3 months to less than 6 months, Axis Bank will give 5.75% interest now. On FDs maturing between 6 months to less than 9 months, the bank is giving an interest rate of 6.25%. For FDs maturities tenure 9 months to less than 11 months 25 days, Axis Bank gives 6.35% interest. For deposits maturing in 11 months 25 days to less than 1 year, Axis Bank will pay an interest rate of 6.70%. Axis Bank pays interest rate of 6.60% on FDs between 1 year to less than 1 year 25 days. Term deposits maturing in 1 year 25 days to less than 18 months will fetch you an interest rate of 6.70%. For FDs maturing in 18 months to less than 2 years, Axis Bank is giving 6.80% interest. Axis Bank will give 7.00% interest on FDs maturing in 2 years and 3 years. For deposits with maturity period 3 and 10 years, the bank will now give 6.75% interest.

7 days to 14 days 3.50%

15 days to 29 days 4.00%

30 days to 45 days 5.20%

46 days to 60 days 5.65%

61 days < 3 months 5.65%

3 months < 4 months 5.75%

4 months < 5 months 5.75%

5 months < 6 months 5.75%

6 months < 7 months 6.25%

7 months < 8 months 6.25%

8 months < 9 months 6.25%

9 months < 10 months 6.35%

10 months < 11 months 6.35%

11 months < 11 months 25 days 6.35%

11 months 25 days < 1 year 6.70%

1 year < 1 year 5 days 6.60%

1 year 5 days < 1 year 11 days 6.60%

1 year 11 days < 1 year 25 days 6.60%

1 year 25 days < 13 months 6.70%

13 months < 14 months 6.70%

14 months < 15 months 6.70%

15 months < 16 months 6.70%

16 months < 17 months 6.70%

17 months < 18 months 6.70%

18 Months < 2 years 6.80%

2 years < 30 months 7.00%

30 months < 3 years 7.00%

3 years < 5 years 6.75%

5 years to 10 years 6.75%

PNB latest FD interest rates from 7 days to 1 year (less than 2 crore)

Punjab National Bank (PNB) has revised interest rates on fixed deposits (FD) with effect from 1st October. PNB is offering an interest rate ranging between 4.5% and 6.5% on fixed deposits maturing in the range of 7 days to 10 years. PNB is offering an interest rate of 4.5% on 7-45 day fixed deposits and it goes up 5.5% on 46- to 179-day FDs. On 180 days to 270 days FDs, PNB is paying 6% respectively. PNB will give 6.00% interest on deposits maturing in 271 days to less than 1 year. Term deposits maturing in 333 days and 1 year will fetch an interest rate of 6.1% and 6.5% respectively. PNB is offering 6.5% on 444-day and 555-day maturity FDs. On 1 year to 2 years, the bank is offering 6.4% and on 2 years to 3 years, PNB is offering 6.25%. On FDs between 3 years and up to 5 years, PNB is offering 6.25% interest and above 5 years and upto 10 years, the bank is offering 6.5% interest.

7 to 14 days 4.50%

15 to 29 days 4.50%

30 to 45 days 4.50%

46 to 90 days 5.50%

91 to 179 days 5.50%

180 days to 270 days 6.00%

271 days to less than 1 year 6.00%

333 days 6.10%

1 year 6.50%

444 days 6.50%

555 days 6.50%

above 1 year and up to 2 years 6.40%

above 3 year and up to 5 years 6.25%

above 5 years and up to 10 years 6.50%

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