Modified Fixed Deposit Interest Rates

Prior to the Reserve Bank of India's (RBI) bi-monthly monetary policy meeting, Several private sector banks such as HDFC Bank and ICICI Bank changed their fixed deposit interest rates. On December 1, 2021, HDFC boosted its interest rates on Domestic / NRO / NRE Fixed Deposits of less than Rs. 2 Cr, whereas on December 4, 2021, ICICI Bank amended its interest rates on Domestic / NRO / NRE deposits. In this post, we'll compare the current fixed deposit interest rates of ICICI Bank, Yes Bank, and HDFC Bank to those of the State Bank of India (SBI).

HDFC Bank FD Interest Rates-

HDFC Bank altered its interest rates on domestic / NRO / NRE fixed deposits of less than Rs. 2 crore on December 1, 2021. The general public will now get a maximum interest rate of 5.50 percent on their savings, while senior people will receive a maximum interest rate of 6.25 percent, thanks to the most recent change. HDFC Bank's most recent interest rates on domestic, NRO, and NRE deposits of less than Rs. 2 crore are listed below.

Yes Bank FD Interest Rates:

Yes Bank, one of India's leading private-sector lenders, revised its fixed deposit interest rates on November 3rd, 2021. On resident fixed deposits of less than Rs. 2 crore, Yes Bank is now offering an interest rate of up to 6.25 percent to the general public and 7.00 percent to senior persons. The most current fixed deposit interest rates from the bank are listed below.

ICICI Bank FD Interest Rates:

With effect from December 4, 2021, ICICI Bank has changed its fixed deposit interest rates, and as a result of the most recent change, the bank now provides an interest rate of up to 5.60 percent to the general public and 6.30 percent to senior citizens. The interest rates on domestic, NRO, and NRE deposits of less than Rs. 2 crore that the bank has altered are mentioned below.

State Bank of India FD Interest Rates:

The country's largest lender, revised its fixed deposit interest rates at the start of this year, and the new rates will take effect on January 8, 2021. SBI's most recent interest rates on retail domestic term deposits (under Rs. 2 crore) are listed below.