Which Bank Gives Best Fixed Deposit Rates in India?

In India, fixed deposits are a great way to invest. It not only is a tax-saving instrument but also promises good returns for the money you deposit for a fixed tenure.

In India, most banks offer good rates for fixed deposits but there are three banks that has the best fixed deposit rates – State Bank of India, ICICI and HDFC. In this article, I’ve updated the latest fixed deposit rates of each bank, so you can figure out where to put your money.

Here are the best fixed deposit rates offered by banks in India.

SBI Fixed Deposit Rates

TenureSBI FD Rates
7 days to 45 days5.25
46 days to 179 days6.25
180 days to 210 days6.25
211 days to less than 1 year6.25
1 year6.25
Above 1 year to 455 days6.25
456 days to less than 2 years6.25
2 years to less than 3 years6
3 years to less than 5 years6
5 years and up to 10 years6

ICICI Fixed Deposit Rates

TenureICICI FD Rates
7 days to 14 days4
15 days to 29 days4.25
30 days to 45 days5.5
46 days to 60 days5.75
61 days to 90 days6
91 days to 120 days6
121 days to 184 days6
185 days to 289 days6.25
290 days to less than 1 year6.5
1 year to 389 days6.6
390 days to 2 years6.75
2 years 1 day upto 5 years6.5
5 years 1 day upto 10 years6.5
5 Years Tax saver FD(Max upto Rs. 1.50 lac)6.5

HDFC Fixed Deposit Rates

TenureHDFC FD Rates
7 days to 14 days3.50
15 days to 29 days4.25
30 days to 45 days5.5
46 days to 60 days5.75
61 days to 90 days5.75
91 days to 180 days5.75
6 mnths 1 day - 6 mnths 3 days6
6 mnths 4 days6
6 mnths 5 days- 9 mnths6
1 year to 389 days6
9 mnths 1 day- 9 mnths 3 days6
9 mnths 4 days6
9 months 5 days - 9 months 15 days6
9 months 16 days6.25
9 months 17 days < 1 Year6.25
1 Year6.75
1 year 1 day - 1 year 3 days6.75
1 year 4 days6.25%
1 year 5 days - 1 Year 15 Days6.25
1 Year 16 days6.25
1 year 17 days - 2 Years6.25
2 years 1day - 2 Years 15 days6
2 Years 16 days6
2 years 17 days - 3 Years6
3 years 1day - 5 years6
5 Years 1 Day - 8 Years6
8 Years 1 Day - 10 Years6

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About the author

Mani Karthik

Having lived in the USA, India & Middle East for over a decade, and having worked for big MNC's to startups, I have a lot to share with you. My aim is to help people, by sharing everything I've learned in life through this blog. Come join my pursuit of happiness! Be a smarter, richer, happier person. WhatsApp me at +001-408-489-4785. Subscribe to my YouTube channel here. <3

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MK Bio

Having lived in the USA, India and UAE, I share everything that I’ve learned in life. My aim is to help people by sharing whatever I know, through this blog. Come join my pursuit in becoming a smarter, richer & happier person! About Me!