SBI Vs DCB Vs Axis Vs IDFC First Vs Yes Bank: Latest Interest Rates On FD Compared

SBI Vs DCB Vs Axis Vs IDFC First Vs Yes Bank: Latest Interest Rates On FD Compared

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State Bank of India

With effect from 08.01.2021, the State Bank of India is promising the following interest rates on retail domestic term deposits of less than Rs. 2 crores.

Tenors Rates for Public In % (p.a.) Rates for Senior Citizens In % (p.a.)
7 days to 45 days 2.9 3.4
46 days to 179 days 3.9 4.4
180 days to 210 days 4.4 4.9
211 days to less than 1 year 4.4 4.9
1 year to less than 2 year 5 5.5
2 years to less than 3 years 5.1 5.6
3 years to less than 5 years 5.3 5.8
5 years and up to 10 years 5.4 6.2
Source: Bank Website

DCB Bank

DCB Bank

DCB Bank has recently revised its interest rates on fixed deposits and the new rates are in force from 22nd November 2021. The bank is currently providing the following interest rates on Resident Indian Fixed Deposits of less than Rs 2 crore.

Tenure Rates for Public In % (p.a.) Rates for Senior Citizens In % (p.a.)
7 days to 14 days 4.35% 4.85%
15 days to 45 days 4.35% 4.85%
46 days to 90 days 4.35% 4.85%
91 days to less than 6 months 5.05% 5.55%
6 months to less than 12 months 5.25% 5.75%
12 months 5.55% 6.05%
More than 12 months to less than 15 months 5.30% 5.80%
15 months to less than 18 months 5.50% 6.00%
18 months to less than 700 days 5.50% 6.00%
700 days 5.95% 6.45%
More than 700 days to less than 36 months 5.50% 6.00%
36 months 5.95% 6.45%
More than 36 months to 60 months 5.95% 6.45%
More than 60 months to 120 months 5.95% 6.45%
Source: Bank Website

Axis Bank

Axis Bank

In the month of November, Axis Bank has also revised its interest rates on fixed deposits. The new rates are in effect from 10th November 2021. The bank’s most recent interest rates on domestic fixed deposits applicable to both regular public and senior citizens are as follows:

Tenure Rates for Public In % (p.a.) Rates for Senior Citizens In % (p.a.)
7 days to 14 days 2.5 2.5
15 days to 29 days 2.5 2.5
30 days to 45 days 3 3
46 days to 60 days 3 3
61 days 3 3
3 months 3.5 3.5
4 months 3.5 3.5
5 months 3.5 3.5
6 months 4.4 4.65
7 months 4.4 4.65
8 months 4.4 4.65
9 months 4.4 4.65
10 months 4.4 4.65
11 months 4.4 4.65
11 months 25 days 4.4 4.65
1 year 5.1 5.75
1 year 5 days 5.15 5.8
1 year 11days 5.2 5.85
1 year 25 days 5.2 5.85
13 months 5.1 5.75
14 months 5.1 5.75
15 months 5.1 5.75
16 months 5.1 5.75
17 months 5.1 5.75
18 months 5.25 5.9
2 years 5.4 6.05
30 months 5.4 6.05
3 years 5.4 6.05
5 years to 10 years 5.75 6.5
Source: Bank Website

IDFC First Bank

IDFC First Bank

This private sector bank has also recently revised its interest rates on fixed deposits and the new applicable rates are in force from 23rd November 2021. On Domestic, NRE & NRO Deposits less than Rs. 2 Cr, IDFC First Bank is now providing the below listed interest rates to both regular and senior citizens.

Period Rates for Public Rates for Senior Citizens
7 – 14 days 2.50% 3.00%
15 – 29 days 2.50% 3.00%
30 – 45 days 2.75% 3.25%
46 – 90 days 2.75% 3.25%
91 – 180 days 3.25% 3.75%
181 days – less than 1 year 4.75% 5.25%
1 year – 2 years 5.25% 5.75%
2 years 1 day – 3 years 5.75% 6.25%
3 years 1 day – 5 years 6.00% 6.50%
5 years Tax Saver Deposit 6.00% 6.50%
5 years 1 day – 10 years 6.00% 6.50%
Source: Bank Website

Yes Bank

Yes Bank

On deposits of less than Rs. 2 Cr maturing in 7 days to 10 years, Yes Bank is now promising the following interest rates w.e.f. 3rd November 2021.

Period Regular Senior Citizen
7 to 14 days 3.25% 3.75%
15 to 45 days 3.50% 4.00%
46 to 90 days 4.00% 4.50%
3 months to 4.50% 5.00%
6 months to 5.00% 5.50%
9 months to 5.25% 5.75%
1 Year to 6.00% 6.50%
3 Years to 6.25% 7.00%
Source: Bank Website

Original news source Credit: www.goodreturns.in



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