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HDFC Bank and Yes Bank are offering up to 7.75% interest rates on fixed deposits, while ICICI Bank is giving up to 7.85% on bulk deposits below Rs 3 crore.
Check the detailed comparison of interest rates on fixed deposits (FD) among HDFC Bank, ICICI Bank and Yes Bank.
HDFC Bank Vs ICICI Bank Vs Yes Bank FD Rates: Banks have reduced their interest rates months following the RBI MPC’s decision to reduce the key repo rate. Several banks cut their lending and deposit interest rates even before the RBI MPC decision on April 9, as the rate cut decision was already widely expected. Banks, including HDFC Bank, Yes Bank, ICICI Bank, and Bank of India, have already cut their FD interest rates also. Here’s a detailed comparison of interest rates on fixed deposits (FD) among HDFC Bank, ICICI Bank and Yes Bank.
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 Yes Bank is giving up to 7.75 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.
Yes Bank’s latest interest rates on fixed deposits below Rs 3 crore (with effect from April 1, 2025):
- 7 days to 14 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent
- 15 days to 45 days: For General Public – 3.70 per cent; For Senior Citizens – 4.20 per cent
- 46 days to 90 days: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent
- 91 days to 120 days: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent
- 121 days to 180 days: For General Public – 5.00 per cent; For Senior Citizens – 5.50 per cent
- 181 days to 271 days: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent
- 272 days to less than 12 months: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent
- 12 months year to less than 24 months: For General Public – 7.75 per cent; For Senior Citizens – 8.25 per cent
- 24 months to less than 36 months: For General Public – 7.25 per cent; For Senior Citizens – 7.75 per cent
- 36 months to less than 60 months: For General Public – 7.25 per cent; For Senior Citizens – 7.75 per cent
- 60 months : For General Public – 7.25 per cent; For Senior Citizens – 7.75 per cent
- 60 months 1 day equal or less than 120 months: For General Public – 7.00 per cent; For Senior Citizens – 7.50 per cent.
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.
