HDFC Bank Vs ICICI Bank Vs SBI: Check Detailed FD Interest Rates Comparison

Last Updated:April 13, 2025, 08:22 IST

Here’s the comparison of the current fixed deposit (FD) interest rates offered by three large banks HDFC Bank, ICICI Bank, and SBI on deposits below Rs 3 crore:

HDFC Bank Vs ICICI Bank Vs SBI FD Rates: As the RBI MPC this week cut interest rates in the country for the second time after February, banks have started following suit by reducing deposit and lending rates. Banks, including HDFC Bank, Yes bank and Bank of India, have already cut their interest rates. Here’s a detailed comparison of interest rates on fixed deposits (FD) among HDFC Bank, ICICI Bank and State Bank of India (SBI).

Currently, HDFC Bank, India’s largest private sector lender, is offering up to 7.75 per cent FD rates on fixed deposits below Rs 3 crore, depending upon the age of the depositor and tenure. ICICI Bank is giving up to 7.85 per cent, while State Bank of India (SBI) is giving up to 7.50 per cent.

HDFC Bank’s latest interest rates on fixed deposits less than Rs 3 crore (per annum) (With Effect From April 1, 2025):

• 7 days to 14 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
• 15 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
• 30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
• 46 days to 60 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
• 61 days to 89 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
• 90 days to less than equal to 6 months: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
• 6 months 1 day to less than 9 months: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
• 9 months 1 day to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent
• 1 year to less than 15 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
• 15 months to less than 18 months: For General Public – 7.10 per cent; For Senior Citizens – 7.60 per cent
• 18 months to less than 21 months: For General Public – 7.25 per cent; For Senior Citizens – 7.75 per cent
• 21 months to 2 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
• 2 years 1 day to less than 2 years 11 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
• 2 years 11 months to 35 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
• 2 years 11 months 1 day to less than or equal to 3 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
• 3 years 1 day to less than 4 years 7 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
• 4 years 7 months to 55 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
• 4 years 7 months 1 day to less than or equal to 5 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent
• 5 years 1 day to 10 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent.

SBI’s FD Interest Rate (On Deposits Below Rs 3 Crore) (with effect from April 15, 2025):

• 7 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent
• 46 days to 179 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
• 180 days to 210 days: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent
• 211 days to less than 1 year: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent
• 1 year to less than 2 years: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent
• 2 years to less than 3 years: For General Public – 6.90 per cent; For Senior Citizens – 7.40 per cent
• 3 years to less than 5 years: For General Public – 6.75 per cent; For Senior Citizens – 7.25 per cent
• 5 years to up to 10 years: For General Public – 6.50 per cent; For Senior Citizens – 7.50 per cent (including 50 bps premium for ‘SBI We Care’ scheme).

ICICI Bank’s latest interest rates on fixed deposits below Rs 3 crore (with effect from April 11, 2025):

7 days to 29 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent

30 days to 45 days: For General Public – 3.50 per cent; For Senior Citizens – 4.00 per cent

46 days to 60 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent

61 days to 90 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent

91 days to 184 days: For General Public – 4.75 per cent; For Senior Citizens – 5.25 per cent

185 days to 270 days: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent

271 days to less than 1 year: For General Public – 6.00 per cent; For Senior Citizens – 6.50 per cent

1 year to less than 15 months: For General Public – 6.70 per cent; For Senior Citizens – 7.20 per cent

15 months to less than 18 months: For General Public – 7.25 per cent; For Senior Citizens – 7.85 per cent

18 months to 2 years: For General Public – 7.25 per cent; For Senior Citizens – 7.75 per cent

2 years 1 day to 5 years: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent

5 years 1 day to 10 years: For General Public – 6.90 per cent; For Senior Citizens – 7.40 per cent

5 years (tax saver FD): For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent.

On April 9, the RBI’s Monetary Policy Committee (MPC) cut the key repo rate by 25 basis points (bps) to 6 per cent unanimously. It also changed its policy stance from ‘neutral’ to ‘accommodative’, thus paving way for more rate cuts in future.