ICICI, HDFC and Canara Bank cut interest rates on FDs this month, find out which bank is paying how much interest

 ICICI, HDFC and Canara Bank cut interest rates on FDs this month, find out which bank is paying how much interest

ICICI Bank is offering 4.90% interest on 1 year FD

SBI is offering 5.10% interest on 1 year FD

CICI Bank has recently reduced interest rates on fixed deposits (FDs). The bank will now pay 4.9% interest on FDs maturing in 1 year to 18 months. Earlier, HDFC and Canara Bank also cut interest rates on FDs this month. The SBI also cut interest rates in August. Find out which bank is now paying interest on FDs.

ICICI Bank

Period interest rate (%)

7 to 14 days 2.50

15 to 29 days 2.50

30 to 90 days 3.00

91 to 184 days 3.50

185 to 289 days 4.40

290 days to less than 1 year 4.40

4.90 from 1 year to 18 months

5.00 for 18 months to 2 years

Over 2 years and under 3 years 5.15

Over 3 years and under 5 years 5.35

More than 5 years and less than 10 years 5.50

HDFC Bank

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Period interest rate (%)

7 to 14 days 2.50

15 to 29 days 2.50

30 to 90 days 3.00

91 to 6 months 3.50

6 months 1 day to 9 months 4.40

9 months 1 day to less than 1 year 4.40

1 year 4.90

1 year 1 day 2 years 5.00

2 years 1 day to 3 years 5.15

3 years 1 day to 5 years 5.30

5 years 1 day to 10 years 5.50

Canara Bank

Period interest rate (%)

7 to 45 days 3.00

46 to 90 days 4.00

91 to 179 days 4.05

180 to less than 1 year 4.50

1 year 5.30

More than 1 year and less than 2 years 5.25

More than 2 years and less than 3 years 5.25

Over 3 years and under 5 years 5.35

More than 5 years and less than 10 years 5.35

State Bank of India

Period interest rate (%)

7 to 45 days 2.90

46 to 179 days 3.90

180 to 210 days 4.40

211 to less than 1 year 4.40

More than 1 year and less than 2 years 5.10

More than 2 years and less than 3 years 5.10

More than 3 years and less than 5 years 5.30

More than 5 years and less than 10 years 5.40

Punjab National Bank

Read report

Period interest rate (%)

7 to 45 days 3.00

46 to 90 days 3.50

91 to 179 days 4.00

180 to 270 days 4.40

271 days to 364 days 4.50

1 year 5.25

1 year 1 day to 2 years 5.25

2 years 1 day to 3 years 5.25

3 years 1 day 5 years 5.30

5 years 1 day to 10 years 5.30