Latest Bank Fixed Deposit (FD) Interest Rates in India for 2023

Latest Bank Fixed Deposit (FD) Interest Rates in India for 2023


Here is a comparison of FD (fixed deposit) interest rates for amounts below Rs 2 crore across various tenors of 12 top banks such as SBI, HDFC Bank, ICICI Bank, Union Bank of India, Indian Bank, Bank of Baroda, PNB, Kotak Mahindra Bank, Axis Bank, Yes Bank, Canara Bank, Bank of India.

Source: Bank websites

State Bank of India FD interest rates for amounts below Rs 2 crore

SBI offers interest rates between 3% to 6.75% for tenure ranging from 7 days to 10 years. These rates are applicable from December 13, 2022.

Tenor Interest Rates For Public Interest Rates
Senior Citizen
7 days to 45 days 3 3.5
46 days to 179 days 4.5 5
180 days to 210 days 5.25 5.75
211 days to less than 1 year 5.75 6.25
1 year to less than 2 year 6.75 7.25
2 years to less than 3 years 6.75 7.25
3 years to less than 5 years 6.25 6.75
5 years and up to 10 years 6.25 7.25@

HDFC Bank FD rates for amounts below Rs 2 crore
HDFC Bank offers interest rates between 3% to 7% for tenure ranging from 7 days to 10 years. These rates are applicable from December 14, 2022.

Tenor Interest Rate **Senior Citizen Rates
7 – 14 days 3.00% 3.50%
15 – 29 days 3.00% 3.50%
30 – 45 days 3.50% 4.00%
46 – 60 days 4.50% 5.00%
61 – 89 days 4.50% 5.00%
90 days 4.50% 5.00%
6 mnths 1 days 5.75% 6.25%
9 mnths 1 day to 6.00% 6.50%
1 year to 6.50% 7.00%
15 months to 7.00% 7.50%
18 months to 7.00% 7.50%
21 months – 2 years 7.00% 7.50%
2 years 1 day – 3 years 7.00% 7.50%
3 year 1 day to – 5 years 7.00% 7.50%
5 year 1 day – 10 years 7.00% 7.75%*

ICICI Bank FD rates for amounts below Rs 2 crore
ICICI Bank offers interest rates between 3% to 7% for tenure ranging from 7 days to 10 years. These rates are applicable from December 16, 2022.

Tenor Interest Rate **Senior Citizen
7 days to 14 days 3.00% 3.50%
15 days to 29 days 3.00% 3.50%
30 days to 45 days 3.50% 4.00%
46 days to 60 days 4.00% 4.50%
61 days to 90 days 4.50% 5.00%
91 days to 120 days 4.75% 5.25%
121 days to 150 days 4.75% 5.25%
151 days to 184 days 4.75% 5.25%
185 days to 210 days 5.50% 6.00%
211 days to 270 days 5.50% 6.00%
271 days to 289 days 5.50% 6.00%
290 days to less than 1 year 5.75% 6.25%
1 year to 389 days 6.60% 7.10%
390 days to 6.60% 7.10%
15 months to 7.00% 7.50%
18 months to 2 years 7.00% 7.50%
2 years 1 day to 3 years 7.00% 7.50%
3 years 1 day to 5 years 7.00% 7.50%
5 years 1 day to 10 years 6.90% #7.50%
5 Years (80C FD) – Max to `1.50 lac 7.00% 7.50%

Union Bank of India FD rates for amounts below Rs 2 crore
Union Bank of India offers interest rates between 3% to 7.30% for tenure ranging from 7 days to 10 years. These rates are applicable from November 25, 2022.

Period Interest Rate
7-14 Days 3
15 -30 Days 3
31-45 Days 3
46 -90 Days 4.05
91-120 Days 4.3
121-180 Days 4.4
181 Days to 5.25
1 Year 6.3
>1 Year to 598 Days 6.30*
599 Days 7
600 Days to 699 days 6.30*
700 days 7.25*
>700 days to 2 year 6.30*
> 2 year to 799 days 6.30*
800 days 7.30*
801 days to less than 3 Year 6.30*
3 years 7.30*
>3 Year to 5 Years 6.7
>5 Years to 10 Years 6.7

Kotak Mahindra bank FD interest rates for amounts below Rs 2 crore
Kotak Mahindra bank offers interest rates between 2.75% to 7% for tenure ranging from 7 days to 10 years. These rates are applicable from January 12, 2023.

Tenor Interest Rate for Regular Senior Citizen*
7 – 14 Days 2.75% 3.25%
15 – 30 Days 3.00% 3.50%
31 – 45 Days 3.25% 3.75%
46 – 90 Days 3.50% 4.00%
91 – 120 Days 4.00% 4.50%
121 – 179 days 4.25% 4.75%
180 Days 5.75% 6.25%
181 Days to 269 Days 5.75% 6.25%
270 Days 5.75% 6.25%
271 Days to 363 Days 5.75% 6.25%
364 Days 6.00% 6.50%
365 Days to 389 Days 6.75% 7.25%
390 Days (12 months 25 days) 7.00% 7.50%
391 Days – Less than 23 Months 7.00% 7.50%
23 Months 7.00% 7.50%
23 months 1 Day- less than 2 years 7.00% 7.50%
2 years- less than 3 years 6.50% 7.00%
3 years and above but less than 4 years 6.30% 6.80%
4 years and above but less than 5 years 6.25% 6.75%
5 years and above upto and inclusive of 10 years 6.20% 6.70%

Punjab National Bank FD interest rates for amounts below Rs 2 crore
PNB offers interest rates between 3.50% to 7.25% for tenure ranging from 7 days to 10 years. These rates are applicable from January 1, 2023.

Period Rates For Public Rates For Senior Citizens Super Senior Citizens
7 to 14 days 3.5% 4% 4.3%
15 to 29days 3.5% 4% 4.3%
30 to 45 days 3.5% 4% 4.3%
46 to 90 days 4.5% 5% 5.3%
91 to 179 days 4.5% 5% 5.3%
180 days to 270 Days 5.5% 6% 6.3%
271 days to less than 1 year 5.5% 6% 6.3%
1 year 6.75 7.25 7.55
above 1 year to 665 days 6.75 7.25 7.55
666 days 7.25 7.75 8.05
667 days to 2 years 6.75 7.25 7.55
above 2 year & upto 3 years 6.75 7.25 7.55
above 3 year & upto 5 years 6.5 7 7.3
above 5 years & upto 10 years 6.5 7.3 7.3

Bank of India FD interest rates for amounts below Rs 2 crore
Bank of India offers interest rates between 3% to 7.05% for tenure ranging from 7 days to 10 years. These rates are applicable from January 1, 2023.

Tenor Interest rate
7 days to 14 days 3.00*
15 days to 30 days 3%
31 days to 45 days 3%
46 days to 90 days 4.5%
91 days to 179 days 4.5%
180 days to 269 days 5%
270 days to less than 1 year 5.5%
1 Year to less than 2 Years (except 444 Days) 6%
444 days 7.05%
2 Years to less than 3 Years 6.75%
3 Years to less than 5 Years 6.50#
5 Years to less than 8 Years 6.00#
8 years & above to 10 Years 6.00#

Canara Bank FD interest rates for amounts below Rs 2 crore
Canara Bank offers interest rates between 3.25% to 7% for tenure ranging from 7 days to 10 years. These rates are applicable from December 19, 2022.

Term Deposits General Public in % Senior Citizen
in %
7 days to 45 days* 3.25 3.25
46 days to 90 days 4.5 4.5
91 days to 179 days 4.5 4.5
180 days to 269 days 5.5 6
270 days to less than 1 Year 5.5 6
1 year only 6.75 7.25
Above 1 year to less than 2 years 6.8 7.3
666 Days 7 7.5
2 years & above to less than 3 years 6.8 7.3
3 years & above to less than 5 years 6.5 7
5 years & above to 10 Years 6.5 7

Indian Bank FD interest rates for amounts below Rs 2 crore
Indian Bank offers interest rates between 2.8% to 7% for tenure ranging from 7 days to 10 years. These rates are applicable from December 19, 2022.

Tenor Interest rate in %
7 days to 14 days 2.8
15 days to 29 days 2.8
30 days to 45 days 3
46 days to 90 days 3.25
91 days to 120 days 3.5
121 days to 180 days 3.85
181 days to less than 9 months 4.5
9 months to less than 1 year 4.75
1 year 6.1
Above 1 year to less than 2 years 6.3
2 years to less than 3 years 6.5
3 years to less than 5 years 6.25
5 year 6.25
Above 5 years 6.1
” IND SHAKTI 555 DAYS “ 7

Yes Bank FD interest rates for amounts below Rs 2 crore
Yes Bank offers interest rates between 3.25% to 7.75%(including special deposit) for tenure ranging from 7 days to 10 years. These rates are applicable from January 12, 2023.

Tenor Regular Senior Citizens***
7 days to 14 days 3.25% 3.75%
15 days to 45 days 3.70% 4.20%
46 days to 90 days 4.10% 4.60%
91 days to 180 days 4.75% 5.25%
181 days to 271 days 5.75% 6.25%
272 days to 6.00% 6.50%
1 Year to 7.00% 7.50%
15 months 1 day to 7.00% 7.50%
22 months 1 day to 7.00% 7.50%
25 months 1 day to 7.00% 7.50%
35 months 1 day to 7.00% 7.50%
36 months to 7.00% 7.75%

Period Effective from Regular Senior Citizens***
Interest Rates Interest Rates
FD – 35 12-Jan-23 7.75% 8.25%
(Tenure : 35 months)
FD – 25 7.50% 8.00%
(Tenure : 25 months)
FD – 15 3-Jan-23 7.25% 7.75%
(Tenure : 15 months)
FD – 30 9-Dec-22 7.50% 8.00%
(Tenure : 30 months)
FD 20-22 12-Oct-22 7.25% 7.75%
(Tenure : 20 months to 22 months)

Bank of Baroda FD interest rates for amounts below Rs 2 crore
Bank of Baroda offers interest rates between 3% to 7.05% for tenure ranging from 7 days to 10 years. These rates are applicable from December 26, 2022.

Tenors Interest rate in % Interest rate for Senior Citizen
7 days to 14 days 3 3.50*
15 days to 45 days 3 3.50*
46 days to 90 days 4.5 5.00*
91 days to 180 days 4.5 5.00*
181 days to 210 days 5.25 5.75*
211 days to 270 days 5.75 6.25*
271 days & above and less than 1 year 5.75 6.25*
1 year 6.75 7.25*
Above 1 year to 400 days 6.75 7.25*
Above 400 days and upto 2 Years 6.75 7.25*
Above 2 Years and upto 3 Years 6.75 7.25*
Above 3 Years and upto 5 Years 6.25 6.90 #
Above 5 Years and upto 10 Years 6.25 7.25***
Above 10 years (MACT/MACAD 6.25 6.75*
Court Order schemes only)
444 Days (Baroda Tiranga Deposit Scheme)*** 6.75 7.25*
555 Days (Baroda Tiranga Deposit Scheme)*** 6.75 7.25*
399 Days (Baroda Tiranga Plus Deposit Scheme) 7.05 7.55*

Axis Bank FD interest rates for amounts below Rs 2 crore
Axis Bank offers interest rates between 3% to 7.01% for tenure ranging from 7 days to 10 years. These rates are applicable from January 10, 2023.

Tenor Regular citizen interest rate Senior citizen
7 days to 14 days 3.5 3.5
15 days to 29 days 3.5 3.5
30 days to 45 days 3.5 3.5
46 days to 60 days 4 4
61 days 4.5 4.5
3 months 4.75 4.75
4 months 4.75 4.75
5 months 4.75 4.75
6 months 5.75 6
7 months 5.75 6
8 months 5.75 6
9 months 6 6.25
10 months 6 6.25
11 months to 11 months 24 days 6 6.25
11 months 25 days 6 6.25
1 year to 1 year 4 days 6.75 7.5
1 year 5 days to 1 year 10 days 6.75 7.5
1 year 11 days to 1 year 24 days 6.75 7.5
1 year 25 days 7.1 7.85
13 months 6.75 7.5
14 months 6.75 7.5
15 months 6.75 7.5
16 months 6.75 7.5
17 months 6.75 7.5
18 Months 6.75 7.5
2 years 7.26 8.01
30 months 7 7.75
3 years 7 7.75
. 5 years to 10 years 7 7.75



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Author: Shirley