Latest FD Interest Rates Comparison: ICICI Bank vs SBI vs HDFC Bank vs Canara Bank

As the Reserve Bank of India's Monetary Policy Committee decided to hike repo rate earlier this month on June 8 by 50 basis points (bps) to 4.90, several India's largest public and private lenders revised interest rates on fixed deposits to make them attractive for investors.

Today we will make a comparison of latest interest rates to find out which bank is offering the highest interest rate on fixed deposits. Below are the latest interest rates:

1. ICICI Bank

The leading private sector bank has revised its interest rates on fixed deposits. According to the official website of the bank, now the highest interest rates on its FD can be fetched under the tenor 5 year 1 day to 10 years at 5.75% for general citizens and 6.50% for senior citizens for single deposit of less than 2 crore.
Below is the table:

Maturity Period	Interest rates (per cent per annum) w.e.f. June 22, 2022		Interest rates (per cent per annum) w.e.f. June 30, 2022
	Single deposit of less than ₹20.0 million		Single deposit of ₹20.0 mn & above but less than 50.0 mn
	General	**Senior Citizen	General	**Senior Citizen
7 days to 14 days	2.75%	3.25%	3.10%	3.10%
15 days to 29 days	2.75%	3.25%	3.10%	3.10%
30 days to 45 days	3.25%	3.75%	3.25%	3.25%
46 days to 60 days	3.25%	3.75%	3.50%	3.50%
61 days to 90 days	3.25%	3.75%	4.00%	4.00%
91 days to 120 days	3.75%	4.25%	4.75%	4.75%
121 days to 150 days	3.75%	4.25%	4.75%	4.75%
151 days to 184 days	3.75%	4.25%	4.75%	4.75%
185 days to 210 days	4.65%	5.15%	5.25%	5.25%
211 days to 270 days	4.65%	5.15%	5.25%	5.25%
271 days to 289 days	4.65%	5.15%	5.35%	5.35%
290 days to less than 1 year	4.65%	5.15%	5.35%	5.35%
1 year to 389 days	5.35%	5.85%	5.60%	5.60%
390 days to < 15 months	5.35%	5.85%	5.60%	5.60%
15 months to < 18 months	5.35%	5.85%	5.60%	5.60%
18 months to 2 years	5.35%	5.85%	5.75%	5.75%
2 years 1 day to 3 years	5.50%	6.00%	5.75%	5.75%
3 years 1 day to 5 years	5.70%	6.20%	5.75%	5.75%
5 years 1 day to 10 years	5.75%	#6.50%	5.75%	5.75%
5 Years (80C FD) - Max to 1.50 lac	5.70%	6.20%	NA	NA

2. SBI Bank

The leading Indian multinational, public sector bank has revised its interest rates June 14, 2022. Now customers of the bank can fetch the highest interest rate is available in the tenor of 5 years and up to 10 years. General citizens can fetch 5.50% interest rate and senior citizens can get 6.30% interest rate for term deposits below Rs 2 crore.

Below is the table:

Tenors	Existing Rates for Public w.e.f. 15.02.2022	Revised Rates For Public w.e.f. 14.06.2022	Existing Rates for Senior Citizens w.e.f. 15.02.2022	Revised Rates for Senior Citizens w.e.f. 14.06.2022
7 days to 45 days	2.9	2.9	3.4	3.4
46 days to 179 days	3.9	3.9	4.4	4.4
180 days to 210 days	4.4	4.4	4.9	4.9
211 days to less than 1 year	4.4	4.6	4.9	5.1
1 year to less than 2 year	5.1	5.3	5.6	5.8
2 years to less than 3 years	5.2	5.35	5.7	5.85
3 years to less than 5 years	5.45	5.45	5.95	5.95
5 years and up to 10 years	5.5	5.5	6.3	6.3

HDFC Bank

HDFC Bank: The bank revised its interest rates on June 17, 2022 on the lines of a hike in repo rate introduced by Reserve Bank of India. The highest interest rate is now 5.75% for general citizens and for senior citizens the highest interest rate is 6.50% for term deposits less than Rs 2 crore.

Below is the table:

Tenor Bucket	< 2 Crore
	Interest Rate (per annum)	**Senior Citizen Rates (per annum)
7 - 14 days	2.75%	3.25%
15 - 29 days	2.75%	3.25%
30 - 45 days	3.25%	3.75%
46 - 60 days	3.25%	3.75%
61 - 90 days	3.25%	3.75%
91 days - 6 months	3.75%	4.25%
6 mnths 1 days - 9 mnths	4.65%	5.15%
9 mnths 1 day < 1 Year	4.65%	5.15%
1 Year	5.35%	5.85%
1 year 1 day - 2 years	5.35%	5.85%
2 years 1 day - 3 years	5.50%	6.00%
3 year 1 day- 5 years	5.70%	6.20%
5 years 1 day - 10 years	5.75%	6.50%*

4. Canara Bank

The bank revised its interest rates on June 23, 2022. Now general citizens can get highest interest rates of 5.75% and senior citizens can get highest interest rate of 6.25% for tenors 5 years and above to 10 years for terms deposits less than Rs 2 crore.

Below is the table:

Term Deposits (All Maturities)	General Public		Senior Citizen
	Rate of Interest (% p.a.)	Annualised Interest yield (% p.a.) **	Rate of Interest (% p.a.) #	Annualised Interest yield (% p.a.) **
7 days to 45 days*	2.9	2.93%	2.9	2.93%
46 days to 90 days	4	4.06%	4	4.06%
91 days to 179 days	4.05	4.11%	4.05	4.11%
180 days to 269 days	4.5	4.58%	5	5.09%
270 days to less than 1 Year	4.55	4.63%	5.05	5.15%
333 days Scheme	5.1	5.20%	5.6	5.72%
1 year only	5.3	5.41%	5.8	5.93%
Above 1 year to less than 2 years	5.4	5.51%	5.9	6.03%
2 years & above to less than 3 years	5.45	5.56%	5.95	6.08%
3 years & above to less than 5 years	5.7	5.82%	6.2	6.35%
5 years & above to 10 Years	5.75	5.88%	6.25	6.40%