SBI hikes fixed deposit (FD) rates. How they compare with HDFC Bank, Kotak Bank

The interest rate on fixed deposits from 1 year to less than 2 years has been increased from 5.0 per cent to 5.1 per cent, as per the available data. State Bank Of India Website. The interest rates on other tenure FDs remain unchanged. SBI offers the highest interest rate of 5.40 per cent on FDs with tenures of 5-10 years. For FDs with tenures ranging from two years to less than three years, it is 5.10 per cent. The interest rate for tenures ranging from 3 years to less than 5 years is 5.30 per cent.

Senior citizens will get an additional 50 basis points (bps) on these deposits.

SBI’s latest FD interest rates are effective 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’s latest FD interest rates are effective from 12 January 2022

HDFC bank Interest rates on fixed deposits (FDs) have been increased. The increased interest rates are applicable on FDs from January 12, 2022. HDFC Bank has increased the rates on select periods. FD maturing in 2 years to 3 years will now give 5.20 percent. The bank has also increased the interest rates on deposits maturing in 3 years to 5 years. Interest will be given at 5.40% on these deposits, 5.60% on deposits with maturities of 5 years to 10 years. Interest rates on other tenure FDs remain unchanged

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 years 1 day – 5 years 5.40%

5 years 1 day – 10 years 5.60%

Kotak Mahindra Bank’s latest FD interest rates are effective from 6 January 2022

Kotak Mahindra Bank The interest rate on Fixed Deposits (FDs) for different tenors has been increased. After the latest revision, for FDs maturing in 7 to 30 days, 31 to 90 days and 91 to 120 days, Kotak Mahindra Bank offers interest rates of 2.5%, 2.75% and 3% respectively. These rates are applicable from 6 January 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 and including 10 years 5.3%