Bank Announced New FD Rates: HDFC and ICICI Bank raised check rates and interest on certain FDs

 Bank Announced New FD Rates: HDFC and ICICI Bank raised check rates and interest on certain FDs

Bank Announced New FD Rates: HDFC and ICICI Bank raised check rates and interest on certain FDs

HDFC vs. ICICI Bank: The nation's two largest private sector banks, HDFC and ICICI Bank, have raised their interest rates on bulk foreign direct investment. Interest rates on savings accounts (FDs) beyond Rs 2 crore and up to Rs 5 crore have been changed by both banks. The bank offers bulk FDs with terms ranging from seven days to ten years.

HDFC vs. ICICI Bank: The nation's two largest private sector banks, HDFC and ICICI Bank, have raised their interest rates on bulk foreign direct investment. Interest rates on savings accounts (FDs) beyond Rs 2 crore and up to Rs 5 crore have been changed by both banks. The bank offers bulk FDs with terms ranging from seven days to ten years. The highest interest rate that ICICI Bank will provide is 7.25 percent. This interest is being paid on fixed-rate debt (FD) that spans 390 days to 15 months. The interest rates for fixed-rate loans (FDs) ranging from Rs 2 crore to Rs 5 crore have also been changed concurrently by HDFC Bank. The aforementioned prices are effective as of December 5, 2023.

Interest rates on FDs from ICICI Bank range from Rs 2 crore to Rs 5 crore.

7–14 days: 3.00 percent for the general public and 3.50 percent for elderly persons

15 to 29 days: 3.50 percent for older persons; 0.00 percent for the general public

30 to 45 days: 3.50 percent for the general public and 4.00 percent for elderly persons

46 days to 60 days: 4.25 percent for the general public and 4.75 percent for elderly persons

Between 61 and 90 days: 4.50 percent for the general public and 5.00 percent for elderly persons

91 days to 120 days: 4.75 percent for the general public and 5.25 percent for elderly persons

Between 121 and 150 days: 4.75 percent for the general public and 5.25 percent for older persons

Between 151 and 184 days: 4.75 percent for the general population and 5.25 percent for older persons

185 days to 210 days: 5.75 percent for the general public and 6.25 percent for elderly persons

211 days to 270 days: 5.75 percent for the general public and 6.25 percent for elderly persons

Between 271 and 289 days: 6.0% for the general population and 6.50% for older persons

290 days to less than a year: 6.0% for the general population and 6.5% for older persons

1 year to 389 days: 6.70 percent for the general population and 7.20 percent for older persons

390 days to less than 15 months: 6.70 percent for the general population and 7.20 percent for older persons

15 months to less than 18 months: 7.10 percent for the general population and 7.65 percent for elderly persons

18 months to 2 years: 7.10 percent for the general population and 7.65 percent for older adults

Two years, one day to three years: Seven percent for the general public and seven fifty percent for elderly adults

3 years, 1 day to 5 years: 7.00 percent for the general public and 7.50 percent for senior persons

5 years, 1 day to 10 years: 6.90 percent for the general population and 7.50 percent for elderly adults

Five-year tax savings: 7% for the general public and 7.50% for elderly persons

Interest rates on FDs at HDFC Bank range from Rs 2 crore to Rs 5 crore.

7–14 days: 4.75 percent for the general public and 4.75 percent for elderly persons

15 to 29 days: 4.75 percent for the general public and 4.75 percent for elderly persons

30 to 45 days: 5.50 percent for the general public and 5.50 percent for elderly persons

46 days to 60 days: 5.75 percent for the general public and 5.75 percent for elderly persons

61 days to 89 days: 6% for the general population and 6% for older persons

90 days to 6 months: 6.50 percent for the general population and 6.50 percent for older persons

Six months plus one day to less than nine months: 6.65% for the general public and 6.65% for elderly persons

9. months, 1 day to less than a year: 6.75 percent for the general public and 6.75 percent for elderly persons

1 year to less than 15 months: 7.25 percent for older persons and the general population, respectively.

15 months to less than 18 months: 7.05 percent for older individuals and the general population, respectively.

18 months, 1 day to less than 21 months: 7.05 percent for the general population and 7.05 percent for senior adults

21 months to 2 years: 7.05 percent for the general population and 7.05 percent for elderly persons

Two to three years: Seven percent of the general population and seven percent of older people

3 to 5 years: 7.00 percent for the general population and 7.00 percent for elderly persons

Five to ten years: Seven percent for the general population and seven percent for older persons