Fixed deposit rates: These banks hiked FD interest rates

By Anil Gundmi Last updated Jun 26, 2022 - 11: 42 am

Fixed deposit rates: Several Banks have over the past two weeks increased their fixed deposit interest rates across tenures and on different amounts of deposits. Fixed deposit rates: These banks hiked FD interest rates. This is a contagion effect of the Reserve Bank of India raising its repo rates by 50 basis points during their bi monthly monetary policy committee meet earlier this month, to tame rising inflation across the country.

Several public and private sector bank fixed deposit interest rates have been hiked following this. For example, ICICI Bank, HDFC Bank and Bank of India FD rates have been increased over the past two weeks. HDFC Bank FD interest rates have been increased twice within a week. Some of them are mentioned here.

Bank FD Rates below Rs 2 crore

7 days to 14 days: For General Public – 2.85 per cent; For Senior Citizens – 3.35 per cent

15 days to 30 days: For General Public – 2.85 per cent; For Senior Citizens – 3.35 per cent

31 days to 45 days: For General Public – 2.85 per cent; For Senior Citizens – 3.35 per cent

46 days to 60 days: For General Public – 3.85 per cent; For Senior Citizens – 4.35 per cent

61 days to 90 days: For General Public – 3.85 per cent; For Senior Citizens – 4.35 per cent

91 days to 179 days: For General Public – 3.85 per cent; For Senior Citizens – 4.35 per cent

180 days to 269 days: For General Public – 4.35 per cent; For Senior Citizens – 4.85 per cent

270 days to less than 1 year: For General Public – 4.35 per cent; For Senior Citizens – 4.85 per cent

1 year to 443 days: For General Public – 5.30 per cent; For Senior Citizens – 5.80 per cent

444 days: For General Public – 5.40 per cent; For Senior Citizens – 5.90 per cent

445 days to less than 2 years: For General Public – 5.40 per cent; For Senior Citizens – 5.90 per cent

2 years to less than 3 years: For General Public – 5.40 per cent; For Senior Citizens – 5.90 per cent

3 years to less than 5 years: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent

5 years to less than 8 years: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent

8 years and up to 10 years: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent.

Canara Bank FD interest rates

The Canara Bank has recently introduced a special fixed deposit scheme for the general public. This special term deposit scheme introduced by the state-owned bank is for an amount below ₹2 crore and is valid till September 30. The special term deposit scheme launched by the Canara Bank offers an annual interest rate of 5.10 % for the public in general whereas senior citizens will get 5.60 % annual return on their money.

ICICI Bank Fixed Deposit rates

7 days to 14 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent

15 days to 29 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent

30 days to 45 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent

61 days to 90 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent

91 days to 120 days: For General Public – 3.75 per cent; For Senior Citizens – 4.25 per cent

121 days to 150 days: For General Public – 3.75 per cent; For Senior Citizens – 4.25 per cent

151 days to 184 days: For General Public – 3.75 per cent; For Senior Citizens – 4.25 per cent

185 days to 210 days: For General Public – 4.65 per cent; For Senior Citizens – 5.15 per cent

211 days to 270 days: For General Public – 4.60 per cent; For Senior Citizens – 5.10 per cent

271 days to 289 days: For General Public – 4.60 per cent; For Senior Citizens – 5.10 per cent

290 days to less than 1 year: For General Public – 4.60 per cent; For Senior Citizens – 5.10 per cent

1 year to 389 days: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent

390 days to less than 15 months: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent

15 months to less than 18 months: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent

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18 months to 2 years: For General Public – 5.35 per cent; For Senior Citizens – 5.85 per cent

2 years 1 day to 3 years: For General Public – 5.50 per cent; For Senior Citizens – 5.85 per cent

3 years 1 day to 5 years: For General Public – 5.70 per cent; For Senior Citizens – 6.20 per cent

5 years 1 day to 10 years: For General Public – 5.75 per cent; For Senior Citizens – 6.50 per cent.