As the RBI’s Monetary Policy Committee (MPC) has raised the repo rate thrice in the past three months to 5.4 per cent, banks are also increasing their interest rates on both loans and deposits. Several banks, including Indian Bank, ICICI Bank and Bank of Baroda, raised their interest rates on fixed deposits across tenures.
Here’s the comparison of the current fixed deposit (FD) interest rates offered by these three lenders — Indian Bank, ICICI Bank and Bank of Baroda — on deposits below Rs 2 crore:
Indian Bank’s FD Interest Rate (On Deposits Below Rs 2 Crore):
7 days to 14 days – For General Public: 2.80 per cent; For Senior Citizens: 3.30 per cent
15 days to 29 days – For General Public: 2.80 per cent; For Senior Citizens: 3.30 per cent
30 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: 3.25 per cent; For Senior Citizens: 3.75 per cent
91 days to 120 days – For General Public: 3.50 per cent; For Senior Citizens: 4.00 per cent
121 days to 180 days – For General Public: 3.75 per cent; For Senior Citizens: 4.25 per cent
181 days to less than 9 months – For General Public: 4.00 per cent; For Senior Citizens: 4.50 per cent
9 months to less than 1 year – For General Public: 4.40 per cent; For Senior Citizens: 4.90 per cent
1 year – For General Public: 5.30 per cent; For Senior Citizens: 5.80 per cent
Above 1 year to less than 2 years – For General Public: 5.40 per cent; For Senior Citizens: 5.90 per cent
2 years to less than 3 years – For General Public: 5.50 per cent; For Senior Citizens: 6.00 per cent
3 years to less than 5 years – For General Public: 5.60 per cent; For Senior Citizens: 6.10 per cent
5 years – For General Public: 5.60 per cent; For Senior Citizens: 6.10 per cent
Above 5 years – For General Public: 5.60 per cent; For Senior Citizens: 6.10 per cent.
ICICI Bank’s FD Interest Rate (On Deposits Below Rs 2 Crore):
7 days to 14 days: For General Public – 3.25 per cent; For Senior Citizens – 3.25 per cent
15 days to 29 days: For General Public – 3.25 per cent; For Senior Citizens – 3.25 per cent
30 days to 45 days: For General Public – 3.35 per cent; For Senior Citizens – 3.35 per cent
46 days to 60 days: For General Public – 3.65 per cent; For Senior Citizens – 3.65 per cent
61 days to 90 days: For General Public – 4.50 per cent; For Senior Citizens – 4.50 per cent
91 days to 120 days: For General Public – 5.00 per cent; For Senior Citizens – 5.00 per cent
121 days to 150 days: For General Public – 5.00 per cent; For Senior Citizens – 5.00 per cent
151 days to 184 days: For General Public – 5.00 per cent; For Senior Citizens – 5.00 per cent
185 days to 210 days: For General Public – 5.25 per cent; For Senior Citizens – 5.25 per cent
211 days to 270 days: For General Public – 5.25 per cent; For Senior Citizens – 5.25 per cent
271 days to 289 days: For General Public – 5.50 per cent; For Senior Citizens – 5.50 per cent
290 days to less than 1 year: For General Public – 5.50 per cent; For Senior Citizens – 5.50 per cent
1 year to 389 days: For General Public – 5.75 per cent; For Senior Citizens – 5.75 per cent
390 days to less than 15 months: For General Public – 5.75 per cent; For Senior Citizens – 5.75 per cent
15 months to less than 18 months: For General Public – 5.75 per cent; For Senior Citizens – 5.75 per cent
18 months to 2 years: For General Public – 5.75 per cent; For Senior Citizens – 5.75 per cent
2 years 1 day to 3 years: For General Public – 5.75 per cent; For Senior Citizens – 5.75 per cent
3 years 1 day to 5 years: For General Public – 5.75 per cent; For Senior Citizens – 5.75 per cent
5 years 1 day to 10 years: For General Public – 5.75 per cent; For Senior Citizens – 5.75 per cent.
Bank of Baroda’s FD Interest Rate (On Deposits Below Rs 2 Crore):
7 days to 14 days – For General Public: 3.00 per cent; For Senior Citizens: 3.50 per cent
15 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
91 days to 180 days – For General Public: 4.00 per cent; For Senior Citizens: 4.50 per cent
181 days to 270 days – For General Public: 4.65 per cent; For Senior Citizens: 5.15 per cent
271 days & above and less than 1 year – For General Public: 4.65 per cent; For Senior Citizens: 5.15 per cent
1 year – For General Public: 5.30 per cent; For Senior Citizens: 5.80 per cent
Above 1 year to 400 days – For General Public: 5.45 per cent; For Senior Citizens: 5.95 per cent
Above 400 days and up to 2 years – For General Public: 5.45 per cent; For Senior Citizens: 5.95 per cent
Above 2 years and up to 3 years – For General Public: 5.50 per cent; For Senior Citizens: 6.00 per cent
Above 3 years and up to 5 years – For General Public: 5.50 per cent; For Senior Citizens: 6.00 per cent
Above 5 years to up to 10 years – For General Public: 5.50 per cent; For Senior Citizens: 6.00 per cent
Above 10 years (MACT/ MACAD Court Order schemes only) – For General Public: 5.10 per cent; For Senior Citizens: 5.60 per cent.
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