Let's take a comparative look at the interest rates offered by SBI, HDFC Bank, ICICI Bank, Yes Bank and Kotak Mahindra Bank.
SBI offers 7.25% interest rate on senior citizen FDs
SBI offers senior citizens’ an additional 50 bps interest rate across all tenors. After the latest revision, senior citizens will get 3.5% to 7.25% on FDs maturing in 7 days to 10 years. There rates are effective from 13 December 2022.
1 year to less than 2 years - 7.25%
2 years to less than 3 years -7.25%
5 years and up to 10 years -7.25%@
HDFC Bank offers 7.5% interest on senior citizen FDs
Senior citizens will get an interest rate ranging from 3.5 to 7.75%* on FDs maturing in 7 days to 10 years. These rates are effective from 14 December 2022.
1 year to < 15 months 7.00%
15 months to < 18 months 7.50%
18 months to < 21 months 7.00%
21 months - 2 years 7.50%
2 years 1 day - 3 years 7.50%
3 year 1 day to - 5 years 7.50%
5 year 1 day - 10 years 7.75%*
ICICI Bank offers 7.5% interest on senior citizen FDs
Senior citizens will get an interest rate ranging from 3.5 to 7.50%* on FDs maturing in 7 days to 10 years. These rates are effective from 16 December 2022.
1 year to 389 days 7.10%
390 days to < 15 months 7.10%
15 months to < 18 months 7.50%
18 months to 2 years 7.50%
2 years 1 day to 3 years 7.50%
3 years 1 day to 5 years 7.50%
5 years 1 day to 10 years #7.50%
5 Years (80C FD) – Max to ₹1.50 lac 7.50%
Yes Bank offers 7.5% interest on senior citizen FDs
Senior citizens will get an interest rate ranging from 3.75% to 7.50% on FDs maturing in 7 days to 10 years. These rates are effective from 9 December 2022.
1 Year to < 20 months 7.50%
22 months 1 day to < 30 months 7.50%
30 months 1 day to < 36 months 7.50%
36 months to <= 120 months 7.50%
Kotak Mahindra offers 7.5% interest on senior citizen FDs
Senior citizens will get an interest rate ranging from 3.25% to 7.50% on FDs maturing in 7 days to 10 years. These rates are effective from 15 December 2022.
365 Days to 389 Days 7.25%
390 Days (12 months 25 days) 7.5%
391 Days - Less than 23 Months 7.5%
23 Months 7.5%
23 months 1 Day- less than 2 years 7%
