Investment

Comparing Latest FD Interest Rates For SBI, HDFC, ICICI Bank

RBI or Reserve Bank of India, this year, till now have imposed a total repo rate hike of 190 bps. And FD investors have benefited the most with each RBI hike, for which the primary goal was to tame the surging inflation. It’s because, with every repo rate hike, every major lender has increased its interest rates on both deposits and borrowings.

Comparing Latest FD Interest Rates For SBI, HDFC, ICICI Bank

FD Interest Rates Comparison Between SBI, HDFC, ICICI Banks

The most recent hike from RBI was noted on September 30, 2022, of 0.5 per cent, after which major lenders like SBI, HDFC, ICICI and more have raised their interest rates on both deposits and borrowings. However, we are going to compare only the interest rates on FD deposits.

SBI FD Rates

After the key lending rates hike from the Central Banka, SBI has increased its repo rates by 20 bps across all tenures.

SBI FD Interest Rates

HDFC Bank FD Rates

HDFC Bank has increased its FD rates by 75 bps across specific tenures which are in effect from October 11, 2022.

HDFC FD Interest Rates

Also read:

SBI Recruitment 2022: Registration For CBO Posts Begins

ICICI Bank FD Interest Rates

ICICI Bank has hikes its FD rates by 20 bps across specific tenures for the FDs valued below ₹2 Cr.

Rishabh Sharma

Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.

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