State Bank of India hiked FD Rates by up to 10 basis points and it will be applicable for fixed deposits below Rs 2 crore. The new rate is applicable from January 15, 2022.
The interest rate on fixed deposits for 1-2 years has been increased from 5.0% to 5.1%. The interest rates on tenure other than that remain unchanged.
The highest rate of interest is 5.4% which is provided to fixed deposits of tenure between 5-10 years. For tenure of 2-3 years the interest rate is 5.10% and for 3-5 years it is 5.30%.
Senior citizens get extra benefits of 50 basis points on fixed deposits.
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Latest FD Rates Of Different Banks
State Bank Of India (Rates from January 15, 2022)
- 7 days to 45 days – 2.9%
- 46 days to 179 days – 3.9%
- 180 days to 210 days – 4.4%
- 211 days to less than 1 year – 4.4%
- 1 year to less than 2 years – 5.1%
- 2 years to less than 3 years – 5.1%
- 3 years to less than 5 years – 5.3%
- 5 years and up to 10 years – 5.4%
HDFC Bank (Rates from January 12, 2022)
- 7 – 14 days 2.50%
- 15 – 29 days 2.50%
- 30 – 45 days 3%
- 61 – 90 days 3%
- 91 days – 6 months 3.5%
- 6 months 1 day – 9 months 4.4%
- 9 months 1 day < 1 Year 4.4%
- 1 year – 4.9%
- 1 year 1 day – 2 years 5%
- 2 years 1 day – 3 years 5.20%
- 3 year 1 day- 5 years 5.40%
- 5 years 1 day – 10 years 5.60%
Kotak Mahindra Bank (Rates from January 6, 2022)
- 7 – 14 days 2.50%
- 15 – 30 days 2.50%
- 31 – 45 days 2.75%
- 46 – 90 days 2.75%
- 91 – 120 days 3%
- 121 – 179 days 3.25%
- 180 days 4.3%
- 181 days to 269 days 4.40%
- 270 days 4.40%
- 271 days to 363 days 4.40%
- 364 days 4.5%
- 365 days to 389 days 4.9%
- 390 days (12 months 25 days) 5%
- 391 days – Less than 23 months 5%
- 23 months 5.10%
- 23 months 1 day- less than 2 years 5.10%
- 2 years- less than 3 years 5.15%
- 3 years and above but less than 4 years 5.3%
- 4 years and above but less than 5 years 5.3%
- 5 years and above up to and inclusive of 10 years 5.3%
