Latest fixed deposit interest rates in India 2015

Latest fixed deposit interest rates in India 2015 – ICICI, HDFC, Axis bank revised rates:

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Latest fixed deposit interest rates in India 2015

Leading private banks HDFC bank and ICICI bank has reduced the fixed deposit interest rates by 0.25% for amount more than 1 crore. The effective interest rate will come down from 8.25% to 8% for deposited amount above 1 crore for maturity period of 121 to 150 days. Besides that the interest rate on term deposits for amount more than 5 crore in the period of 61 – 90 days and also 91 – 120 days has also revised to 8% from earlier 8.25% effective from last Sunday, 29th March 2015. Earlier country’s third largest private sector bank Axis bank has also reduced the fixed deposit interest rates by 0.25% for a term of 18-36 months duration. Also for deposits up to 18 months interest rate is reduced by 0.15%.

Latest fixed deposit interest rates offering by various banks

Seems like major private sector banks has already started reducing the deposit rates. That means in coming days other banks are also reduce fixed deposit interest rates further to join the competition. We have to wait for few more days till we get news from SBI as well. I am including here banks who has changes the FD interest rates recently.

Also read Highlights of Union Budget for 2015-16

ICICI bank latest fixed deposit interest rates

Single Deposit Current Rate of Interest (% p.a)                             w.e.f March 30, 2015
Tenure Period 1 or to less than 5 or 5 or to less than 25 or 25 or to less than 100 or 100 or to less than 250 or 250 or & above
7 days to 14 days 7.25 7.25 7.25 7.25 6.50
15 days to 29 days 7.25 7.50 7.50 7.50 7.50
30 days to 45 days 7.50 7.50 7.50 7.50 7.50
46 days to 60 days 7.75 7.50 7.50 7.50 7.50
61 days to 90 days 8.00 8.00 8.00 8.00 8.00
91 days to 120 days 8.00 8.00 8.00 8.00 8.00
121 days to 150 days 8.25 8.00 8.00 8.00 8.00
151 days to 184 days 8.25 8.25 8.25 8.25 8.25
185 days to210 days 8.25 8.25 8.25 8.25 8.25
211 days to 240 days 8.25 8.25 8.25 8.25 8.25
241 days to 270 days 8.25 8.25 8.25 8.25 8.25
271 days to 300 days 8.25 8.25 8.25 8.25 8.25
301 days to 330 days 8.25 8.25 8.25 8.25 8.25
331 days to 365 days 8.25 8.25 8.25 8.25 8.25
1 year to 389 days 8.50 8.40 8.40 8.40 8.40
390 days to less than 15 months 8.25 8.25 8.25 8.25 8.25
15 months to less than 18 months 8.25 8.25 8.25 8.25 8.25
18 months to 2 years 8.25 8.25 8.25 8.25 8.25
2 years 1 day to 3 years 8.25 8.25 8.25 8.25 8.25
3 years 1 day to 5 years 8.25 8.25 8.25 8.25 8.25
5 years 1 day to 7 years 8.25 8.25 8.25 8.25 8.25
7 years 1 day to 10 years 8.25 8.25 8.25 8.25 8.25

Axis bank latest fixed deposit interest rates

DEPOSITS – LESS THAN 5 CRORES W.E.F 11/03/2015  
SR. NO PERIOD INTEREST RATES      (%P.A.)  
    INTEREST RATE ON DEPOSITS BELOW RS. 1 CRORE INTEREST RATES ON DEPOSITS OF RS. 1 CRORE <RS.5 CRORES
1 7 days to 14 days 3.50 6.00
2 15 days to 29 days 3.50 6.00
3 30 days to 45 days 7.50 6.00
4 46 days to 60 days 7.50 7.50
5 61 days < 3 months 7.50 7.50
6 3 months < 4 months 8.25 7.50
7 4 months < 5 months 8.25 8.25
8 5 months < 6 months 8.50 8.25
9 6 months < 7 months 8.50 8.50
10 7 months < 8 months 8.50 8.50
11 8 months < 9 months 8.50 8.50
12 9 months < 10 months 8.50 8.50
13 10 months < 11 months 8.50 8.50
14 11 months < 1 year 8.50 8.50
15 1 year < 13 months 8.50 8.50
16 13 months < 14 months 8.50 8.50
17 14 months < 15 months 8.50 8.50
18 15 months < 16 months 8.50 8.50
19 16 months < 17 months 8.50 8.50
20 17 months < 18 months 8.50 8.50
21 18 months < 2 years 8.50 8.50
22 2 years < 30 months 8.50 8.50
23 30 months < 3 year 8.50 8.50
24 3 years < 5 years 8.50 8.50
25 5 years to 10 years 8.50 8.50

 Also see Income tax rates for Financial year 2015-2016

HDFC bank latest fixed deposit interest rates

< 1 Crore   >=1 Crore to < 5 Crores
Period Interest Rate (Per Annum) Senior Citizen Rates (Per Annum) Interest Rate (Per Annum) Senior Citizen Rates (Per Annum)
7 – 14 days 3.50% 4.00% 7.00% 7.50%
15 – 29 days 5.00% 5.50% 7.25% 7.75%
30 – 45 days 6.00% 6.50% 7.50% 8.00%
46 – 60 days 7.75% 8.25% 7.75% 8.25%
61 – 90 days 7.75% 8.25% 8.00% 8.50%
91 days – 6 months 8.00% 8.50% 8.25% 8.75%
6 months 1 day – 9 months 3 days 8.25% 8.75% 8.50% 9.00%
6 months  4 days 8.25% 8.75% 8.50% 9.00%
6 months 5 days – 9 months 8.25% 8.75% 8.50% 9.00%
9 months 1 day – 9 months 3 days 8.25% 8.75% 8.50% 9.00%
9 months 4 days 8.25% 8.75% 8.50% 9.00%
9 months 5 days <  1 Year 8.25% 8.75% 8.50% 9.00%
1 year 8.75% 9.25% 8.75% 9.25%
1 year 1 day – 1 year 3 days 8.75% 9.25% 8.75% 9.25%
1 year 4 days 8.75% 9.25% 8.75% 9.25%
1 year 5 days – 1 year 15 days 8.75% 9.25% 8.75% 9.25%
1 year 16 days 8.75% 9.25% 8.75% 9.25%
1 year 17 days – 2 years 8.75% 9.25% 8.75% 9.25%
2 years 1 day – 2years 3 days 8.75% 9.25% 8.75% 9.25%
2 years 4 days 8.75% 9.25% 8.75% 9.25%
2 years 5 days – 3 years 8.75% 9.25% 8.75% 9.25%
3 year 1 day – 5 years 8.75% 9.25% 8.75% 9.25%
5 years 1 day – 10 years 8.25% 9.75% 8.25% 8.75%

 

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