Fixed Deposit Rates: Which bank is giving the highest interest on 1 to 2 year FD, check the interest rates of SBI, HDFC and ICICI Bank..
SBI Vs HDFC Bank Vs ICICI Bank: If you are thinking of investing in Fixed Deposit (FD), then it is important to know the best interest rates. Recently, the Reserve Bank of India (RBI) has cut the repo rate by 0.50%. Due to this change, many major banks have revised their FD and loan interest rates.
Let us tell you that these include the country's three largest banks SBI (State Bank of India), HDFC Bank, and ICICI Bank. These three banks have cut their interest rates, but still, in some tenures, these banks are giving better returns than each other. Let us know where you are getting more benefits.
Who is giving more interest in 6 months of FD?
If you want to make FD for less than 6 months, then SBI is ahead in this race. State Bank of India is giving interest up to 5.80 percent here, while ICICI and HDFC Bank are slightly behind. HDFC Bank is giving a maximum interest of 5.75 percent, while ICICI Bank's rate is slightly lower.
Who is giving more interest in FDs of 1 to 2 years?
In this range, the interest rate of all three banks is almost the same -
- SBI is giving interest from 6.25% to 6.45%, while HDFC Bank is giving a return of 6.25% to 6.60%.
- At the same time, ICICI Bank is also offering a return between 6.25% to 6.50%.
- If you are making an FD between 18 months to 2 years, then ICICI Bank is giving slightly better returns.
Who is giving more interest in FDs of 2 to 10 years?
For those making long-term FDs, ICICI Bank can prove to be the most beneficial. ICICI Bank is offering up to 6.60 percent interest on FDs of 2 to 10 years, while HDFC Bank is offering 6.40 percent and SBI (State Bank of India) is offering up to 6.30 percent interest.
Who is offering more interest to senior citizens?
All banks offer different, often higher, interest rates for senior citizens above 60 years of age. ICICI and HDFC Bank are leading in this matter, offering up to 7.10 percent interest for select periods. At the same time, SBI offers a maximum of 7.05% interest to senior citizens under the SBI We Care scheme.
SBI's new interest rates (effective from 15 June 2025)-
7-45 days: 3.05% (3.55% for senior citizens)
46-179 days: 5.05% (5.55% for senior citizens)
180-210 days: 5.80% (6.30% for senior citizens)
1-2 years: 6.25% (6.75% for senior citizens)
2-3 years: 6.45% (6.95% for senior citizens)
5-10 years: 6.05% (7.05% for senior citizens)
HDFC Bank's new interest rates (effective from 10 June 2025)-
7-14 days: 2.75% (3.25% for senior citizens)
6 months: up to 5.50% (up to 5.50% for senior citizens) 6.00%)
1-2 years: 6.25% to 6.60%
2-5 years: 6.45% to 6.40%
5-10 years: 6.15% (6.65% to senior citizens)
Highest interest (7.10%) on FDs of 15-21 months
ICICI Bank interest rates (effective from 18 June 2025)-
7-45 days: 3.00% (3.50% to senior citizens)
Up to 6 months: 5.75% (6.25% to senior citizens)
1-2 years: 6.25% to 6.50%
2-5 years: 6.60% (7.10% to senior citizens)
5 years tax saving FD: 6.60% (7.10% to senior citizens)
RBI decision Effect is seen on FD interest-
The Reserve Bank of India (RBI) has reduced the repo rate by 50 basis points to 5.50 percent, due to which the interest rates on FD (Fixed Deposit) and loans by banks are decreasing. Apart from this, CRR (Cash Reserve Ratio) has also been reduced to three percent. Its direct effect will be that more cash will come into the banking system and the EMI of the loan can become cheaper. However, the interest received on FD may be slightly less.
Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
