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Comparing FD Interest Rates: SBI, ICICI, HDFC, and Kotak Mahindra Bank

Fixed Deposits (FDs) are widely recognized as a safe investment avenue. For those considering FD investments, understanding the varying interest rates offered by different banks is crucial.

Interest rates on FDs are contingent upon factors such as the duration and amount of investment. In this comparative analysis, we delve into the interest rates offered by four prominent banks for FD investments below Rs 2 crore:

Kotak Mahindra Bank:

  • For FDs maturing between 365 to 389 days, the interest rate stands at 7.10%. Senior citizens enjoy a higher rate of 7.82% for the same period.
  • For FDs spanning 5 to 10 years, the bank offers an interest rate of 6.20%, while senior citizens receive a rate of 6.70%.

State Bank of India (SBI):

  • FDs ranging from more than 1 year to less than 2 years attract an interest rate of 7.10%, with senior citizens receiving 7.60% for the same tenure.
  • Investments in FDs for 5 to 10 years yield an interest rate of 6.50%, rising to 7.50% for senior citizens.


  • For FDs with a tenure of 1 year, the interest rate stands at 6.70%, which increases to 7.20% for senior citizens.
  • Investments in FDs lasting from more than 5 years up to 10 years earn an interest rate of 6.90%. Senior citizens receive a higher rate of 7.50% for the same duration.

HDFC Bank:

  • FDs maturing in more than 1 year but less than 15 months offer an interest rate of 6.60%, rising to 7.10% for senior citizens.
  • For FDs spanning more than 5 years up to 10 years, the interest rate stands at 7.00%. Senior citizens enjoy an even higher rate of 7.75% for this period.

Comparing these rates allows investors to make informed decisions based on their investment goals and risk tolerance.


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