How much interest is available in HDFC and ICICI Bank?

Two major private banks of the country have changed the interest rates on their deposits. After these changes, interest will be paid at different rates on deposits for different periods. You can know which bank is paying how much interest here. The largest two private banks are HDFC Bank and the other bank is ICICI Bank. ADFC Bank has implemented the new interest rates from May 29, while ICICI Bank's new interest rates have been implemented from June 1.

HDFC Bank Interest Rate (Fixed Deposit Interest Rates)

First of all, let's talk about HDFC Bank. The interest rate on investment of 7-14 days is being given to the common citizen at the rate of 3 percent per annum, while senior citizens are being given interest at the rate of 3.50 percent. The same interest rate is being given on investment of 15-29 days.

On 30-45 days of investment, the interest is being given at the rate of 3.50 percent per annum to the common citizen, while the senior citizens are being given interest at the rate of 4 percent per annum. On deposits ranging from 46 days to 60 days, interest is being paid at the rate of 4.50 per cent to the common citizen, while senior citizens are being given interest at the rate of 5 per cent per annum. The same interest rate is being given on investments up to 61-89 days. The same interest rate is applicable on investments ranging from 90 days to 6 months.

On deposits ranging from 6 months to one day to 9 months, the interest is being paid at the rate of 5.75 per cent per annum to the common citizen, while senior citizens are being given interest at the rate of 6.25 per cent. At the same time, interest is being paid at the rate of 9 percent per annum to the common citizen on investment from 6 months one day to less than one year, while senior citizens are being given interest at the rate of 6.50 percent. For deposits between one year and less than 15 months, the interest rate is being given at the rate of 6.60 per cent for ordinary citizens and 7.10 per cent for senior citizens. The interest rate is 15.18 per cent for deposits between 7 months and less than 10 months and 7.60 per cent for senior citizens.

At the same time, interest is being given at the rate of 18.21 percent for common citizens and 7.00 percent for senior citizens on deposits of 7 months to less than 50 months. This interest rate is also being given for a period of 21 months to two years, two years to two years and 11 months.

On deposits of two years, 11 months or up to 35 months, the interest rate of 7.20 percent will be given to the common citizen and the interest is being paid to senior citizens at the rate of 7.70. At the same time, interest is being given at the rate of 7.00 percent for ordinary citizens and 7.50 percent for senior citizens on deposits of two years one month to less than three years.

The same interest rate is being given on deposits ranging from three years one day to 4 years 7 months. At the same time, interest is being given at the rate of 7.55 percent on deposits of four years 7 months i.e. 25 months and senior citizens at the rate of 7.75 percent. For deposits of four years, seven months, one day to less than five years, the interest rate is being given at the rate of 7.00 per cent for the common citizen and 7.50 per cent for senior citizens.

The interest rate on deposits ranging from five years one day to 10 years is 7.00 percent and senior citizens is being given 7.75 percent.

Now let's talk about ICICI Bank, this bank is also offering attractive interest rates.

ICICI Bank Interest Rates (ICICI Fixed Deposit Interest Rates)

Icici Bank will get new interest rates from May 7 on deposits of 14-31 days. During this period, the interest rate is 3.00 and 3.50 percent per annum for the common citizen and senior citizen respectively. The bank is paying the same interest on a period of 15-29 days. For deposits of 30 to 45 days, interest is being paid at the rate of 3.50 per cent per annum and 4.00 per cent for senior citizens.

ICICI Bank is offering 46.60 per cent and 4.25 per cent interest to common citizens on deposits of 4 to 75 days, respectively. For 61 to 90 days, interest is being given at the rate of 4.50 percent per annum for ordinary citizens and 5.00 percent per annum for senior citizens. For deposits between 91-120 days, 4.75 and 5.25 percent are being given annually. For deposits up to 121-150 days, 4.75 percent and 5.25 percent are being given annually. This interest is also being paid on deposits up to 151-184 days.

Icici Bank FDs are being offered at 185.210 per cent and 5.75 per cent for deposits of 6 to 25 days, respectively. The same interest rate has been kept for deposits of 211 to 270 days. For deposits of 271 to 289 days, this bank is paying interest at the rate of 6 percent per annum to ordinary citizens and 6.50 percent per annum to senior citizens. The bank is offering the same interest rate on deposits ranging from 290 days to less than one year.

ICICI Bank is paying 1.389 per cent per annum to the common citizen and 6.70 per cent to the senior citizen on deposits for 7 year to 20 days. The bank is also paying interest on deposits for deposits ranging from 390 days to less than 15 months. The bank is offering 15.18 per cent and 7.10 per cent interest on deposits maturing in 7 months to less than 60 months. The bank is offering this interest rate for a period of 18 months to two years.

The bank is paying interest at the rate of 7.00 per cent per annum for deposits ranging from two years one day to three years and 7.50 per cent per annum for senior citizens. The same interest rate is being given on deposits ranging from three years one day to five years.

For deposits ranging from five years one day to 10 years, the bank is paying 6.90 percent interest to the common citizen and 7.50 percent interest is being given to senior citizens.