Latest Bank Fixed Deposit (FD) Interest Rates in India for 2023

Here is a look at FD (fixed deposit) interest rates for amounts below Rs 2 crore across various tenors of 13 top banks such as SBI, HDFC Bank, ICICI Bank, UnionBank of Inda, Indian Bank, Bank of Baroda, PNB, Kotak Mahindra Bank, Axis Bank, Yes Bank, Canara Bank, Bank of India.

Source: Bank websites

State Bank of India FD interest rates for amounts below Rs 2 crore

SBI offers interest rates between 3% to 7% for tenure ranging from 7 days to 10 years. These are the rates applicable from February 15, 2023

SBI FD interest rates
Tenor	Interest Rates For Public	Interest Rates Senior Citizen
7 days to 45 days	3	3.5
46 days to 179 days	4.5	5
180 days to 210 days	5.25	5.75
211 days to less than 1 year	5.75	6.25
1 year to less than 2 year	6.80	7.30
2 years to less than 3 years	7	7.50
3 years to less than 5 years	6.50	7
5 years and up to 10 years	6.50	7.50

HDFC Bank FD rates for amounts below Rs 2 crore
HDFC Bank has introduced two special fixed deposits with higher interest rates that are only going to be offered for a short time. HDFC Bank offers interest rates between 3% to 7.25% for tenure ranging from 7 days to 10 years. These rates are applicable from May 29, 2023.

Tenor Bucket	< 2 Crore
	Interest Rate (per annum)	**Senior Citizen Rates (per annum)
7 - 14 days	3.00%	3.50%
15 - 29 days	3.00%	3.50%
30 - 45 days	3.50%	4.00%
46 - 60 days	4.50%	5.00%
61 - 89 days	4.50%	5.00%
90 days < = 6 months	4.50%	5.00%
6 mnths 1 days <= 9 mnths	5.75%	6.25%
9 mnths 1 day to < 1 year	6.00%	6.50%
1 year to < 15 months	6.60%	7.10%
15 months to < 18 months	7.10%	7.60%
18 months to < 21 months	7.00%	7.50%
21 months - 2 years	7.00%	7.50%
2 Years 1 day to < 2 Year 11 Months	7.00%	7.50%
2 Years 11 Months (Special Edition FD - 35 Month)	7.20%	7.70%
2 Years 11 Months 1 day <= 3 Year	7.00%	7.50%
3 Years 1 day to < 4 Years 7 Months	7.00%	7.50%
4 Year 7 Months (Special Edition FD - 55 month)	7.25%	7.75%
4 Year 7 Months 1 day <=5 Years	7.00%	7.50%
5 Years 1 day to 10 Years	7.00%	7.75%*

An Additional Premium of 0.25% (over and above the existing premium of 0.50%) shall be given to Senior Citizens who wish to book the Fixed Deposit less than 5 crores for a tenure of 5 (five) years One Day to 10 Years, during special deposit offer commencing from 18th May'20 to July 7, 2023.. This special offer will be applicable to new Fixed Deposit booked as well as for the Renewals, by Senior Citizens during the above period.

ICICI Bank FD rates for amounts below Rs 2 crore
ICICI Bank offers interest rates between 3% to 7.10% for tenure ranging from 7 days to 10 years. These rates are applicable from February 24, 2023.

ICICI Bank FD interest rates
Tenure	General	Senior Citizen
7 days to 14 days	3.00%	3.50%
15 days to 29 days	3.00%	3.50%
30 days to 45 days	3.50%	4.00%
46 days to 60 days	4.25%	4.75%
61 days to 90 days	4.50%	5.00%
91 days to 120 days	4.75%	5.25%
121 days to 150 days	4.75%	5.25%
151 days to 184 days	4.75%	5.25%
185 days to 210 days	5.75%	6.25%
211 days to 270 days	5.75%	6.25%
271 days to 289 days	6.00%	6.50%
290 days to less than 1 year	6.00%	6.50%
1 year to 389 days	6.70%	7.20%
390 days to < 15 months	6.70%	7.20%
15 months to < 18 months	7.10%	7.60%
18 months to 2 years	7.10%	7.60%
2 years 1 day to 3 years	7.00%	7.50%
3 years 1 day to 5 years	7.00%	7.50%
5 years 1 day to 10 years	6.90%	#7.50%
5 Years (80C FD) – Max to `1.50 lac	7.00%	7.50%

**Senior Citizens FD Interest rate are only applicable for domestic term deposits.

Union Bank of India FD rates for amounts below Rs 2 crore
Union Bank of India offers interest rates between 3% to 7% for tenure ranging from 7 days to 10 years. The new rates are applicable from May 23, 2023.

Period	Rates in % per annum
	< Rs. 2 Cr
7-14 Days	3
15-30 Days	3
31-45 Days	3
46-90 Days	4.05
91-120 Days	4.3
121-180 Days	4.4
181 Days to < 1 year	5.25
1 year	6.3
>1 year to 398 Days	6.3
399 Days	7
400 Days to 2 year	6.3
> 2 year to less than 3 years	6.3
3 years	6.5
> 3 Year to 5 years	6.7
>5 Years to 10 Years	6.7

According to the bank, "The additional rate component, applicable to resident senior citizen deposits is 0.50% over and above the normal rates displayed above. The additional rate component applicable to resident super senior citizens is 0.75% over and above the normal rate displayed above (0.25% over and above rate applicable to resident senior citizen). The additional rate on super senior term deposits would be applicable for the term deposits opened/renewed on or after 01.12.2022."

Kotak Mahindra bank FD interest rates for amounts below Rs 2 crore

Kotak Mahindra bank offers interest rates between 2.75% to 7.20% for tenure ranging from 7 days to 10 years. These rates are applicable from May 11, 2023.

Tenure	Regular	Senior citizen
7 - 14 Days	2.75%	3.25%
15 - 30 Days	3.00%	3.50%
31 - 45 Days	3.25%	3.75%
46 - 90 Days	3.50%	4.00%
91 - 120 Days	4.00%	4.50%
121 - 179 days	4.25%	4.75%
180 Days	7.00%	7.50%
181 Days to 269 Days	6.00%	6.50%
270 Days	6.00%	6.50%
271 Days to 363 Days	6.00%	6.50%
364 Days	6.50%	7.00%
365 Days to 389 Days	7.10%	7.60%
390 Days (12 months 25 days)	7.20%	7.70%
391 Days - Less than 23 Months	7.20%	7.70%
23 Months	7.20%	7.70%
23 months 1 Day- less than 2 years	7.20%	7.70%
2 years- less than 3 years	7.00%	7.50%
3 years and above but less than 4 years	6.50%	7.00%
4 years and above but less than 5 years	6.25%	6.75%
5 years and above upto and inclusive of 10 years	6.20%	6.70%

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

Punjab National Bank FD interest rates for amounts below Rs 2 crore
PNB offers interest rates between 3.50% to 7.25% for tenure ranging from 7 days to 10 years. These rates are applicable from June 1, 2023.

Period	Revised Rates For Public W.E.F. 01.06.2023
7 to 14 days	3.5
15 to 29days	3.5
30 to 45 days	3.5
46 to 90 days	4.5
91 to 179 days	4.5
180 days to 270 Days	5.5
271 days to less than 1 year	5.8
1 year	6.75
above 1 year to 443 days	6.8
444 days	7.25
445 days to 665 days	6.8
666 days	7.05
667 days to 2 years	6.8
above 2 year & upto 3 years	7
above 3 year & upto 5 years	6.5
above 5 years & upto 10 years	6.5

Bank of India FD interest rates for amounts below Rs 2 crore
Bank of India offers interest rates between 3% to 7.15% for tenure ranging from 7 days to 10 years. These rates are applicable from April 1, 2023.

Maturity Buckets (For NRE Rupee Term Deposits	For deposits of less than Rs.2 Cr
Min. tenor is 1 Year and Max. 10 Years)	Revised w.e.f 01.04.2023
7 days to 14 days	3.00*
15 days to 30 days	3
31 days to 45 days	3
46 days to 90 days	4.5
91 days to 179 days	4.5
180 days to 269 days	5
270 days to less than 1 year	5.5
1 Year to less than 2 Years (except 501 Days)	6
501 days	7.15
2 Years to less than 3 Years	6.75
3 Years to less than 5 Years	6.5
5 Years to less than 8 Years	6
8 years & above to 10 Years	6

• Minimum Deposit Rs.1 Lakh
• # Additional premium of 25 bps, over & above the existing 50 bps will be paid to Senior Citizen’s on their retail TD (Less than Rs. 2 Cr) for all the tenors above '3 Years' i.e. 75bps.

Canara Bank FD interest rates for amounts below Rs 2 crore
Canara Bank offers interest rates between 4% to 7.25% for tenure ranging from 7 days to 10 years. These rates are applicable from April 4, 2023

	Callable		Non Callable (above Rs. 15 Lakh)Rs
Term Deposits (All Maturities)	General Public	Senior Citizen	General Public	Senior Citizen
	Rate of Interest (% p.a.)	Rate of Interest (% p.a.) #	Rate of Interest (% p.a.)	Rate of Interest (% p.a.) #
7 Days to 45 Days	4	4	NA	NA
46 Days to 90 Days	5.25	5.25	5.3	5.3
91 Days to 179 Days	5.5	5.5	5.55	5.55
180 Days to 269 Days	6.25	6.75	6.3	6.8
270 Days to less than 1 Year	6.5	7	6.55	7.05
1 Year Only	7	7.5	7.25	7.75
444 Days	7.25	7.75	7.4	7.9
Above 1 Year to less than 2 Years	6.9	7.4	7.15	7.65
2 Years & above to less than 3 Years	6.85	7.35	7.1	7.6
3 Years & above to less than 5 Years	6.8	7.3	NA	NA
5 Years & above to 10 Years	6.7	7.2	NA	NA

* Rates are applicable only for single deposit of Rs.5 Lakh & above. Below Rs.5 Lakh, Minimum tenor of deposit is 15 Days.
# Additional interest of 0.50% for Senior Citizens is available for Deposits (Other than NRO/NRE and CGA Deposits) less than Rs. 2 Cr and with tenor of 180 Days and above.

Indian Bank FD interest rates for amounts below Rs 2 crore
Indian Bank offers interest rates between 2.8% to 6.70% for tenure ranging from 7 days to 10 years. These rates are applicable from March 4, 2023.

eriod	Less than Rs2 crore
	Existing (% p.a)	Revised (% p.a)
7 days to 14 days	2.8	2.8
15 days to 29 days	2.8	2.8
30 days to 45 days	3	3
46 days to 90 days	3.25	3.25
91 days to 120 days	3.5	3.5
121 days to 180 days	3.85	3.85
181 days to less than 9 months	4.5	4.5
9 months to less than 1 year	4.75	4.75
1 year	6.1	6.1
Above 1 year to less than 2 years	6.3	6.3
2 years to less than 3 years	6.5	6.7
3 years to less than 5 years	6.25	6.25
5 year	6.25	6.25
Above 5 years	6.1	6.1

IND SUPER 400 DAYS — Rate of Interest(% p.a)
	Women	Others
Public	7.15 %	7.10 %
Senior Citizen	7.65 %	7.60 %
Super Senior Citizen ( 80 yrs and above)	7.90 %	7.85 %

Yes Bank FD interest rates for amounts below Rs 2 crore
Yes Bank offers interest rates between 3.25% to 8%(including special deposit) for tenure ranging from 7 days to 10 years. These rates are applicable from May 2, 2023.

Period	Fixed Deposit Interest Rates (% P.A)** for < 2 Crore w.e.f 2nd May , 2023
	Regular	Senior Citizens***
	Interest Rates	Interest Rates
7 days to 14 days	3.25%	3.75%
15 days to 45 days	3.70%	4.20%
46 days to 90 days	4.10%	4.60%
91 days to 180 days	4.75%	5.25%
181 days to 271 days	6.00%	6.50%
272 days to < 1 year	6.25%	6.75%
1 Year to < 18 Months	7.50%	8.00%
18 Month < 36 Months	7.75%	8.25%
36 months to <= 120 months	7.00%	7.75%

*** Senior Citizen rates are applicable only for Domestic Deposits

Bank of Baroda FD interest rates for amounts below Rs 2 crore
Bank of Baroda offers interest rates between 3% to 7.25% for tenure ranging from 7 days to 10 years.

Tenors	Residents / General Public	Resident Indian Sr. Citizen
7 days to 14 days	3	3.50*
15 days to 45 days	3	3.50*
46 days to 90 days	4.5	5.00*
91 days to 180 days	4.5	5.00*
181 days to 210 days	5.25	5.75*
211 days to 270 days	5.75	6.25*
271 days & above and less than 1 year	5.75	6.25*
1 year	6.75	7.25*
Above 1 year to 400 days	6.75	7.25*
Above 400 days and upto 2 Years	6.75	7.25*
Above 2 Years and upto 3 Years	7.05	7.55*
Above 3 Years and upto 5 Years	6.5	7.15 #
Above 5 Years and upto 10 Years	6.5	7.50***
Above 10 years (MACT/MACAD	6.25	6.75*
Court Order schemes only)
399 Days (Baroda Tiranga Plus Deposit Scheme)	7.25	7.75*

(* incl. additional ROI 0.50%, # incl. additional ROI of 0.50+0.15, ** incl. additional ROI of 0.50%+0.30%, *** incl. additional ROI of 0.50%+0.50%)
Additional 30bps over & above 50bps being paid to Senior Citizens for Retail Term Deposits of tenor Above 5 Years to 10 years has been increased to 50bps as per ALCO Meeting deliberations dated 22.12.2022 and accordingly will be paid 100bps (50bps+50bps) w.e.f. 26.12.2022 (Fresh & Renewals).

Axis Bank FD interest rates for amounts below Rs 2 crore
Axis Bank offers interest rates between 3% to 7.20% for tenure ranging from 7 days to 10 years. These rates are effective from July 17, 2023.

Axis Bank FD interest rates
Tenure	Regular citizens	Senior Citizens
7 days to 14 days	3.5	3.5
15 days to 29 days	3.5	3.5
30 days to 45 days	3.5	3.5
46 days to 60 days	4	4
61 days < 3 months	4.5	4.5
3 months < 4 months	4.75	4.75
4 months < 5 months	4.75	4.75
5 months < 6 months	4.75	4.75
6 months < 7 months	5.75	6
7 months < 8 months	5.75	6
8 months < 9 months	5.75	6
9 months < 10 months	6	6.25
10 months < 11 months	6	6.25
11 months to 11 months 24 days	6	6.25
11 months 25 days < 1 year	6	6.25
1 year to 1 year 4 days	6.75	7.50
1 year 5 days to 1 year 10 days	6.80	7.55
1 year 11 days to 1 year 24 days	6.80	7.55
1 year 25 days < 13 months	6.80	7.55
13 months < 14 months	7.10	7.85
14 months < 15 months	7.10	7.85
15 months < 16 months	7.10	7.85
16 months < 17 months	7.20	7.95
17 months < 18 months	7.10	7.85
18 Months < 2 years	7.10	7.85
2 years < 30 months	7.05	7.80
30 months < 3 years	7	7.75
3 years < 5 years	7	7.75
5 years to 10 years	7	7.75