Bank FD: SBI Vs ICICI Bank Vs HDFC Bank, Check Detailed Comparison Of FD Interest Rates

Last Updated:June 25, 2025, 14:01 IST

Bank FD: ICICI Bank is offering better FD interest rates than SBI and HDFC Bank across most tenures — especially in the mid to long term.

SBI Vs HDFC Bank Vs ICICI Bank FD Rates: After the Reserve Bank of India’s (RBI) monetary policy committee earlier this month announced a 50-bps reduction in the key repo rate, commercial banks, including ICICI Bank, SBI, HDFC Bank, PNB and Axis Bank, have followed suit by reducing interest rates on loans and deposits. Here are the latest revised fixed deposit (FD) interest rates being offered by three major lenders — HDFC Bank, ICICI Bank and State Bank of India (SBI).

According to the latest revised rates, ICICI Bank is offering better FD interest rates than SBI and HDFC Bank across most tenures — especially in the mid to long term. For short-term FDs (up to 6 months), SBI leads with up to 5.80%, while HDFC and ICICI offer slightly lower returns of up to 5.75%.

For 1 to 2 years, all three banks are competitive, offering up to 6.25%–6.35% for the general public. However, ICICI edges ahead in the 18-month to 2-year bracket with a rate of 6.50%.

For long-term FDs (2–10 years), ICICI again leads with 6.60%, followed by HDFC at 6.40% and SBI at 6.30% for select tenures.

Senior citizens get higher returns across all banks. ICICI and HDFC offer the highest at 7.10% for select tenures, while SBI peaks at 7.05% under its ‘We Care’ scheme.

SBI’s FD Interest Rate (On Deposits Below Rs 3 Crore) (with effect from June 15, 2025):

• 7 days to 45 days: For General Public – 3.05 per cent; For Senior Citizens – 3.55 per cent
• 46 days to 179 days: For General Public – 5.05 per cent; For Senior Citizens – 5.55 per cent
• 180 days to 210 days: For General Public – 5.80 per cent; For Senior Citizens – 6.30 per cent
• 211 days to less than 1 year: For General Public – 6.05 per cent; For Senior Citizens – 6.55 per cent
• 1 year to less than 2 years: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent
• 2 years to less than 3 years: For General Public – 6.45 per cent; For Senior Citizens – 6.95 per cent
• 3 years to less than 5 years: For General Public – 6.30 per cent; For Senior Citizens – 6.80 per cent
• 5 years to up to 10 years: For General Public – 6.05 per cent; For Senior Citizens – 7.05 per cent (including 50 bps premium for ‘SBI We Care’ scheme).

HDFC Bank’s latest interest rates on fixed deposits less than Rs 3 crore (per annum, effective from June 10):

• 7 days to 14 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent
• 15 days to 29 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent
• 30 days to 45 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent
• 46 days to 60 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
• 61 days to 89 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
• 90 days to less than equal to 6 months: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
• 6 months 1 day to less than 9 months: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
• 9 months 1 day to less than 1 year: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
• 1 year to less than 15 months: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent
• 15 months to less than 18 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
• 18 months to less than 21 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
• 21 months to 2 years: For General Public – 6.45 per cent; For Senior Citizens – 6.95 per cent
• 2 years 1 day to less than 2 years 11 months: For General Public – 6.45 per cent; For Senior Citizens – 6.95 per cent
• 2 years 11 months to 35 months: For General Public – 6.45 per cent; For Senior Citizens – 6.95 per cent
• 2 years 11 months 1 day to less than or equal to 3 years: For General Public – 6.45 per cent; For Senior Citizens – 6.95 per cent
• 3 years 1 day to less than 4 years 7 months: For General Public – 6.40 per cent; For Senior Citizens – 6.90 per cent
• 4 years 7 months to 55 months: For General Public – 6.40 per cent; For Senior Citizens – 6.90 per cent
• 4 years 7 months 1 day to less than or equal to 5 years: For General Public – 6.40 per cent; For Senior Citizens – 6.90 per cent
• 5 years 1 day to 10 years: For General Public – 6.15 per cent; For Senior Citizens – 6.65 per cent.

ICICI Bank’s Latest Interest Rates on Fixed Deposits Below Rs 3 Crore (effective June 18):

• 7 days to 45 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
• 46 days to 90 days: For General Public – 4.00 per cent; For Senior Citizens – 4.50 per cent
• 61 days to 184 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
• 91 days to 184 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
• 185 days to 270 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
• 271 days to less than 1 year: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
• 1 year to less than 15 months: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent
• 15 months to less than 18 months: For General Public – 6.35 per cent; For Senior Citizens – 6.85 per cent
• 18 months to 2 years: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent
• 2 years 1 day to 5 years: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
• 5 years 1 day to 10 years: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
• 5 years (tax saver FD): For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent.

The Reserve Bank of India (RBI) in its last monetary policy review earlier this month slashed the key repo rate by unexpected 50 bps to 5.5%. It also announced a reduction in cash reserve ratio (CRR) by 100 bps to 3%.

As per the latest available data, India’s CPI-based retail inflation in May 2025 stood at 2.82%, lowest since February 2019.

The RBI expects retail inflation for FY26 to stand at 3.7%, marking the lowest average retail inflation forecast by the central bank in recent years.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More

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