Archive · 25 Jun 2025
FD Rate Comparison: SBI, ICICI, and HDFC Bank
Banks like SBI, HDFC, and ICICI offer interest on fixed deposits (FDs).
After the RBI lowered a key interest rate, banks adjusted their FD rates.
ICICI Bank generally offers better rates, especially for longer periods.
SBI leads in short-term rates, and HDFC offers competitive rates.
Senior citizens get the best deals.
It's like comparing the prices of different stores to find the best deal for your money.
ICICI Bank offers better FD interest rates than SBI and HDFC across most tenures, particularly in the mid-to-long term.
SBI leads in short-term FDs (up to 6 months) with rates up to 5.80%.
ICICI Bank offers 6.50% for the 18-month to 2-year bracket.
For long-term FDs (2-10 years), ICICI offers 6.60%, followed by HDFC at 6.40%, and SBI at 6.05%-6.30%.
Senior citizens receive higher returns, with ICICI and HDFC offering 7.10% for select tenures, and SBI up to 7.05% under its 'We Care' scheme.
- Who
- Investors seeking to compare fixed deposit interest rates.
- What
- Comparison of fixed deposit (FD) interest rates offered by HDFC Bank, ICICI Bank, and SBI.
- When
- Interest rates effective from June 10, 2025 (HDFC), June 15, 2025 (SBI), and June 18, 2025 (ICICI).
- Where
- India
- Why
- To inform investors about the current interest rates offered by major banks and help them make informed investment decisions.
HDFC Bank
ICICI Bank
Rates
HDFC Bank
Offers various FD interest rates based on tenure.
ICICI Bank
Offers competitive rates.
- RBI Repo Rate Reduction
- 50 bps
- SBI Short-Term (up to 6 months)
- Up to 5.80%
- ICICI Bank (18 months to 2 years)
- 6.50%
- ICICI Bank (2-10 years)
- 6.60%
- HDFC Bank (15-18 months)
- 6.60%
- SBI (5-10 years - Senior Citizens)
- 7.05% ('We Care' scheme)
- HDFC and ICICI (select tenures - Senior Citizens)
- 7.10%
Sources
PPF Rate May Dip Below 7% for First Time in 50 Years Amid Falling Bond Yields
Bank of Maharashtra, IOB, Punjab & Sind offering highest FD rates among PSU banks
FDs Vs PPF: Does this still make sense to invest in fixed deposits? Check details
