As the Reserve Bank of India (RBI) recently lowered the repo rate by 25 basis points to 6%, top banks have revised their fixed deposit (FD) rates. Knowing the current FD rates of SBI, ICICI Bank, and HDFC Bank is imperative if you want to invest in secure and consistent returns.
This in-depth comparison will assist you in selecting the optimal FD scheme based on tenure, interest rates, and senior citizen benefits.
Latest FD Rates: SBI vs ICICI vs HDFC (2025)
1. State Bank of India (SBI) FD Rates
SBI, India’s largest public sector bank, offers competitive FD rates, especially for senior citizens. The bank’s “Amrit Vrishti” scheme offers 7.65% for super senior citizens.
SBI FD Rates for General Public & Senior Citizens (w.e.f. 15/04/2025)
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 7 days to 45 days | 3.5% | 4.0% |
| 46 days to 179 days | 5.5% | 6.0% |
| 180 days to 210 days | 6.25% | 6.75% |
| 211 days to <1 year | 6.5% | 7.0% |
| 1 year to <2 years | 6.7% | 7.2% |
| 2 years to <3 years | 6.9% | 7.4% |
| 3 years to <5 years | 6.75% | 7.25% |
| 5 years and above | 6.5% | 7.5%* |
Key Takeaway:
- Best for long-term FDs (5+ years) – 7.5% for senior citizens.
- Special scheme: “Amrit Vrishti” offers 7.65% for super seniors.
2. ICICI Bank FD Rates
ICICI Bank provides flexible FD options with premature withdrawal facilities. Their highest rate (7.55%) is for senior citizens in the 18–24-month bracket.
ICICI Bank FD Rates (With Premature Withdrawal)
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 7 to 45 Days | 3.0% | 3.5% |
| 46 to 90 Days | 4.25% | 4.75% |
| 91 to 184 Days | 4.75% | 5.25% |
| 185 to 270 Days | 5.75% | 6.25% |
| 271 Days to <1 Year | 6.0% | 6.5% |
| 1 Year to <15 Months | 6.7% | 7.2% |
| 15 Months to <18 Months | 6.8% | 7.3% |
| 18 Months to 2 Years | 7.05% | 7.55% |
| 2 Years 1 Day to 5 Years | 6.9% | 7.4% |
| 5 Years and above | 6.8% | 7.3% |
| 5Y Tax Saver FD | 6.9% | 7.4% |
Key Takeaway:
- Best for mid-term FDs (18–24 months) – 7.55% for seniors.
- Tax-saving FD available at 6.9% (general) & 7.4% (seniors).
3. HDFC Bank FD Rates
HDFC Bank offers some of the best FD rates for mid-term deposits (15–21 months), with the highest slab at 7.05%.
HDFC Bank FD Interest Rates – Key Highlights
- Highest Rate: 7.05% (15 to <21 months)
- 1-Year FD: 6.60%
- 2-Year FD: 6.70%
- 3-Year FD: 6.90%
- 5-Year FD: 6.75%
- Tax-Saving FD: 6.75%
Key Takeaway:
- Best for 15–21-month FDs – 7.05% (general public).
- Senior citizens get an additional 0.5%, making it 7.55% for select tenures.
Which Bank Offers the Best FD Rates?
| Parameter | SBI | ICICI Bank | HDFC Bank |
|---|---|---|---|
| Highest General Rate | 6.9% (2-3 yrs) | 7.05% (18-24 m) | 7.05% (15-21 m) |
| Highest Senior Citizen Rate | 7.5% (5+ yrs) | 7.55% (18-24 m) | 7.55% (select tenures) |
| Best for Long-Term | Yes (5+ yrs) | Moderate | Moderate |
| Tax-Saving FD | No | Yes (6.9%) | Yes (6.75%) |
Final Verdict:
- SBI (7.5%) & ICICI (7.55%) are best for senior citizens.
- For mid-term FDs (15–24 months): HDFC & ICICI lead.
- For tax-saving FDs, ICICI (6.9%) is slightly better than HDFC.
Disclaimer
The rates mentioned are subject to change. Always verify with the bank before investing. Consult a financial advisor for personalized investment decisions.
Which bank’s FD are you considering? Share your thoughts in the comments!
(This article is for informational purposes only. Invest wisely.)