Whenever any bulk amount comes to us, we put it in Fixed Deposit, so that money lying at home is not spent and we also get good interest as compared to savings account. These days there are many types of fixed deposits available in the market. Many well-known banks like State Bank of India, HDFC Bank or ICICI Bank offer fixed deposits in various terms. In such a situation, the big question is that which fixed deposit is most beneficial and which one offers the highest rate of interest. So let us remove all these confusions today and tell you the difference between the interest rates of fixed deposits of SBI, ICICI and HDFC Bank and which one can be beneficial for you.

HDFC Bank FD interest rate

From May 18, 2022, new interest rates of HDFC Bank have been released this year. In which 4.50% interest is being given on FD of 9 months, while it was earlier 4.40%. Apart from this, the interest rate on FD of 2 years is 5.40%. Not only this, the interest rate on FD for senior citizens for 1 to 10 years was earlier 6.35%, which has been increased to 6.50%.

ICICI Bank FD interest rate

Talking about fixed deposit interest rates in ICICI Bank, then 5.10% interest is given on FD with a tenure of 2 years. Earlier it used to be 5%. Whereas, the interest rate on Fixed Deposit for a period of 1 day to 3 years is 5.40%. Not only this, the interest rate for senior citizens under golden years between 5 years or 1 day to 10 years is 6.5%.

FD interest rate of SBI Bank

Talking about the interest rate of State Bank of India, the revised rates have become effective from June 2022. According to which the interest rate has now been reduced to 5.10% on fixed deposits of 1 to 2 years. Apart from this, the bank will give you interest at the rate of 5.20% on FDs of 2 to 3 years. At the same time, the interest rate for senior citizens is 6.30%.