HDFC Bank, ICICI Bank, PNB, SBI latest FD interest rates

Banks have increased their fixed deposit (FD) interest rates after the Reserve bank of India hiked the repo rate by 40 basis points to 4.40 percent in May to tackle inflation. Many banks such as ICICI Bank, HDFC bank and some others have hiked their fixed deposit rates. Here is a quick FD interest rate comparison of popular banks such as ICICI Bank, HDFC Bank, PNB, and SBI. Check which bank is offering highest after the revision.

ICICI Bank latest FD interest rate
ICICI bank hiked fixed deposit interest rate on the amount below Rs 2 crore effective from May 21, 2022. ICICI Bank offers interest rate between 2.50 percent to 5.75 percent for tenor 7 days to 10 years.

HDFC Bank latest FD interest rate
HDFC Bank has increased the interest rates on various fixed deposit tenors of less than Rs 2 crore. FD rates have been raised by up to 20 basis points. According to the HDFC Bank website, the higher interest rates will take effect on May 18, 2022.

Punjab National Bank latest FD interest rate
Punjab National Bank (PNB), a public sector bank raised interest rates on fixed deposits by up to 60 basis points on certain tenors. The new rates are effective from May 7, 2022.

SBI latest FD interest rate
With effect from February 15, 2022, the State Bank of India (SBI) has increased interest rates on fixed deposits (FDs) for terms longer than two years by 10-15 basis points.