ICICI Bank Vs HDFC Bank Vs Kotak Mahindra Bank: Latest FD Interest Rates Compared

Fixed Deposits in banks are the most popular investment decision for risk-averse investors looking for a safe location to park their money. Fixed Deposits offer a great investment option to such investors. Interest rates on bank fixed deposits vary based on the amount deposited and the tenure of the account, with senior citizens receiving a somewhat higher rate than the general public somewhat near 0.5% additional on regular FD.

Fixed Deposit offers a range of tenure options ranging from seven days to ten years. Before you invest your money in a fixed-rate deposit, it is always advised that you should compare the interest rates given by different banks and other institutions.

In April 2022, 3 private lenders, ICICI Bank, Kotak Mahindra Bank, and HDFC Bank revised their Fixed Deposit interest rates. Here are the latest interest rates on Fixed Deposits offered by these 3 private sector banks.

Interest rates on Domestic, NRO & NRE deposits

ICICI Bank

Interest Rate on Single Deposit Less Than Rs 2 Cr w.e.f January 20, 2022

Maturity Period	General FD	Senior Citizen FD
7 days to 14 days	2.50%	3.00%
15 days to 29 days	2.50%	3.00%
30 days to 45 days	3.00%	3.50%
46 days to 60 days	3.00%	3.50%
61 days to 90 days	3.00%	3.50%
91 days to 120 days	3.50%	4.00%
121 days to 150 days	3.50%	4.00%
151 days to 184 days	3.50%	4.00%
185 days to 210 days	4.40%	4.90%
211 days to 270 days	4.40%	4.90%
271 days to 289 days	4.40%	4.90%
290 days to less than 1 year	4.40%	4.90%
1 year to 389 days	5.00%	5.50%
390 days to < 15 months	5.00%	5.50%
15 months to < 18 months	5.00%	5.50%
18 months to 2 years	5.00%	5.50%
2 years 1 day to 3 years	5.20%	5.70%
3 years 1 day to 5 years	5.45%	5.95%
5 years 1 day to 10 years	5.60%	6.35%
5 Years (80C FD) - Max to 1.50 lac	5.45%	5.95%

Interest Rate on Single Deposit on Rs 2 Cr and above but less than 5 Cr w.e.f April 14, 2022

Maturity Period	General FD	Senior Citizen FD
7 days to 14 days	2.50%	2.50%
15 days to 29 days	2.50%	2.50%
30 days to 45 days	3.00%	3.00%
46 days to 60 days	3.00%	3.00%
61 days to 90 days	3.00%	3.00%
91 days to 120 days	3.35%	3.35%
121 days to 150 days	3.50%	3.50%
151 days to 184 days	3.50%	3.50%
185 days to 210 days	3.60%	3.60%
211 days to 270 days	3.60%	3.60%
271 days to 289 days	3.70%	3.70%
290 days to less than 1 year	3.70%	3.70%
1 year to 389 days	4.25%	4.25%
390 days to < 15 months	4.25%	4.25%
15 months to < 18 months	4.30%	4.30%
18 months to 2 years	4.40%	4.40%
2 years 1 day to 3 years	4.60%	4.60%
3 years 1 day to 5 years	4.70%	4.70%
5 years 1 day to 10 years	4.70%	4.70%

*NRE rates applicable for tenure of 1 year and above only.

**Senior Citizen rates applicable only for domestic term deposits.

Kotak Mahindra Bank

Interest Rate on Deposit of Less Than Rs 2 Cr w.e.f April 12, 2022

Maturity Periods	Regular FD	Senior Citizen FD
7 - 14 Days	2.50%	3.00%
15 - 30 Days	2.50%	3.00%
31 - 45 Days	2.75%	3.25%
46 - 90 Days	2.75%	3.25%
91 - 120 Days	3.00%	3.50%
121 - 179 days	3.50%	4.00%
180 Days	4.50%	5.00%
181 Days to 269 Days	4.50%	5.00%
270 Days	4.50%	5.00%
271 Days to 363 Days	4.50%	5.00%
364 Days	4.75%	5.25%
365 Days to 389 Days	5.10%	5.60%
390 Days (12 months 25 days)	5.20%	5.70%
391 Days - Less than 23 Months	5.20%	5.70%
23 Months	5.25%	5.75%
23 months 1 Day- less than 2 years	5.25%	5.75%
2 years- less than 3 years	5.30%	5.80%
3 years and above but less than 4 years	5.45%	5.95%
4 years and above but less than 5 years	5.50%	6.00%
5 years and above upto and inclusive of 10 years	5.60%	6.10%

Interest Rate on Deposit on Rs 2 Cr and above but less than 5 Cr w.e.f April 12, 2022

Maturity Periods	Regular FD
7 - 14 Days	2.50%
15 - 30 Days	2.50%
31 - 45 Days	2.75%
46 - 60 Days	2.75%
61 - 90 Days	3.00%
91 - 120 Days	3.35%
121 - 179 days	3.50%
180 Days	4.25%
181 Days to 270 Days	4.25%
271 Days to 279 Days	2.90%
280 Days to Less than 12 Months	4.30%
12 months - less than 15 months	4.75%
15 months - less than 18 months	4.75%
18 months - less than 2 Years	4.75%
2 years and above but less than 3 years	4.90%
3 years and above but less than 4 years	5.00%
4 years and above but less than 5 years	5.00%
5 years and above upto & inclusive of 7 years	5.00%

Note- In these FD Premature withdrawal are allowed

*Senior Citizens' rate is not applicable on NRO/NRE deposits

**No interest will be payable for NRE TDs staying less than 1 year.

HDFC Bank

Interest Rate on Deposit of Less Than Rs 2 Cr w.e.f April 6, 2022

Maturity Periods	Regular FD	Senior Citizen FD
7 Days to 14 days	2.50%	3.00%
15 days to 29 days	2.50%	3.00%
30 days to 45 days	3.00%	3.50%
46 days to 60 days	3.00%	3.50%
61 days < 90 Days	3.00%	3.50%
91 Days to 6 Months	3.50%	4.00%
6 months 1 Day to 9 Months	4.40%	4.90%
9 Months 1 Dys to 1 Year	4.40%	4.90%
1 year	5.10%	5.60%
1 Year 1 Day to 2 Years	5.10%	5.60%
2 Years 1 Day to 3 Years	5.20%	5.70%
3 years 1 day to 5 years	5.45%	5.95%
5 Years 1 Day to 10 Years	5.60%	6.35%*

Interest Rate on Deposit on Rs 2 Cr and above but less than 5 Cr w.e.f April 6, 2022

Maturity Periods	Regular FD	Senior Citizen FD
7 Days to 14 days	2.50%	3.00%
15 days to 29 days	2.50%	3.00%
30 days to 45 days	2.75%	3.25%
46 days to 60 days	2.75%	3.25%
61 days < 90 Days	3.00%	3.50%
91 Days to 6 Months	3.35%	3.85%
6 months 1 Day to 9 Months	3.60%	4.10%
9 Months 1 Dys to 1 Year	3.70%	4.20%
1 year	4.05%	4.55%
1 Year 1 Day to 2 Years	4.20%	4.70%
2 Years 1 Day to 3 Years	4.50%	5.00%
3 years 1 day to 5 years	4.60%	5.10%
5 Years 1 Day to 10 Years	4.60%	5.35%*

*Senior Citizens' rate is not applicable on NRI deposits

**No interest will be payable for NRE TDs staying less than 1 year.