Interest rates Axis Bank, HDFC Bank, Kotak Mahindra Hike FD; Know the details

Fixed bank deposits: Several banks, both private and public, have been raising interest rates on fixed deposits for some time now. Recently, private sector banks including HDFC Bank, Axis Bank and Kotak Mahindra Bank have raised their interest rates on fixed deposits of various tenors and on different deposit amounts. Fixed deposit systems have been the preferred form of investment for Indian investors. FDs offer a stable and guaranteed rate of return.

Here we list some of the banks that have recently raised their interest rates on fixed deposits, so you can compare and invest in them.

Axis Bank Fixed Deposit Rates (for deposits over Rs 2 Crore)

7 days to 14 days: 3.05% for the General Public; 3.05% for seniors

15 days to 29 days: 3.05% for the General Public; 3.05% for seniors

30 days to 45 days: 3.2% for the General Public; 3.2% for seniors

46 days to 60 days: 3.2% for the General Public; 3.2% for seniors

61 days to less than 3 months: 3.35% for the General Public; 3.35% for seniors

3 months to less than 4 months: 4% for the General Public; 4% for seniors

4 months to less than 5 months: 4% for the General Public; 4% for seniors

5 months to less than 6 months: 4% for the General Public; 4% for seniors

6 months to less than 7 months: 4.25% for the General Public; 4.5% for seniors

7 months to less than 8 months: 4.25% for the General Public; 4.5% for seniors

8 months to less than 9 months: 4.25% for the General Public; 4.5% for seniors

9 months to less than 10 months: 4.3% for the General Public; 4.55% for seniors

10 months to less than 11 months: 4.3% for the General Public; 4.55% for seniors

11 months to less than 11 months 25 days: 4.3% for the General Public; 4.55% for seniors

11 months 25 days to less than 1 year: 4.3% for the General Public; 4.55% for seniors

1 year to less than 1 year 5 days: 4.45% for the General Public; 5.1% for seniors

1 year 5 days to less than 1 year 11 days: 4.45% for the General Public; 5.1% for seniors

1 year 11 days to less than 1 year 25 days: 4.45% for the General Public; 5.1% for seniors

1 year 25 days to less than 13 months: 4.45% for the General Public; 5.1% for seniors

13 months to less than 14 months: 4.45% for the General Public; 5.1% for seniors

14 months to less than 15 months: 4.45% for the General Public; 5.1% for seniors

15 months to less than 16 months: 4.45% for the General Public; 5.1% for seniors

16 months to less than 17 months: 4.45% for the General Public; 5.1% for seniors

17 months to less than 18 months: 4.45% for the General Public; 5.1% for seniors

18 months to less than 2 years: 4.45% for the General Public; 5.1% for seniors

2 years to less than 30 months: 4.55% for the General Public; 5.2% for seniors

30 months to less than 3 years: 4.55% for the General Public; 5.2% for seniors

3 years to less than 5 years: 4.65% for the General Public; 5.3% for seniors

5 to 10 years: 4.65% for the general public; 5.4% for seniors

HDFC Bank Fixed Deposit Rate (for deposits below Rs 2 crore)

7 days to 14 days: For the general public – 2.50%; For seniors – 3.00%

15 days to 29 days: For the general public – 2.50%; For seniors – 3.00%

30 days to 45 days: For the general public – 3.00%; For seniors – 3.50%

46 days to 60 days: For the general public – 3.00%; For seniors – 3.50%

61 days to 90 days: For the general public – 3.00%; For seniors – 3.50%

91 days to 120 days: For the general public – 3.50%; For seniors – 4.00%

6 months 1 day to 9 months: For the general public – 4.40%; For seniors – 4.90%

9 months 1 day to less than a year: For the general public – 4.40%; For seniors – 4.90%

1 year: For the general public – 5.10%; For seniors – 5.60%

1 year 1 day to 2 years: For the general public – 5.10%; For seniors – 5.60%

2 years 1 day to 3 years: For the general public – 5.20%; For seniors – 5.70%

3 years 1 day to 5 years: For the general public – 5.45%; For seniors – 5.95%

5 years 1 day to 10 years: For the general public – 5.60%; For seniors – 6.35%

Kotak Mahindra Bank Fixed Deposit Rates (for deposits below Rs 2 crore)

7 days to 14 days – For the General Public: 2.50%; For seniors: 3.00%

15 days to 30 days – For the General Public: 2.50%; For seniors: 3.00%

31 days to 45 days – For the General Public: 2.75%; For seniors: 3.25%

46 days to 90 days – For the General Public: 2.75%; For seniors: 3.25%

91 days to 120 days – For the general public: 3.00%; For seniors: 3.50%

121 days to 179 days – For the General Public: 3.50%; For seniors: 4%

180 days – For the General Public: 4.50%; For seniors: 5%

181 days to 269 days – For the General Public: 4.50%; For seniors: 5%

270 days – For the General Public: 4.50%; For seniors: 5%

271 days to 363 days – For the General Public: 4.50%; For seniors: 5%

364 days – For the General Public: 4.75%; For seniors: 5.25%

365 days to 389 days – For the General Public: 5.10%; For seniors: 5.60%

390 days (12 months 25 days) – For the general public: 5.20%; For seniors: 5.70%

391 days to less than 23 months – General Public: 5.20%; For seniors: 5.70%

23 months – For the General Public: 5.25%; For seniors: 5.75%

23 months 1 day to less than 2 years – General public: 5.25%; For seniors: 5.75%

2 years to less than 3 years – General Public: 5.30%; For seniors: 5.80%

3 years and over but less than 4 years – For the general public: 5.45%; For seniors: 5.95%

4 years and over but less than 5 years – For the general public: 5.50%; For seniors: 6%

5 years and over up to and including 10 years – For the public: 5.60%; For seniors: 6.10%

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Leslie M. Gill