New Delhi: Bank FD rates have undergone a tremendous transformation in terms of fixed deposit returns making them a lucrative investment option if not at par with stock market investments. Private banks have decided to hike their FD rates and also tweaked the ceiling for these deposits to gather more funds from the traditional route, as per RBI guidelines.
Check the FD rates offered by HDFC BAnk, Axis Bank, ICICI Bank, and YES Bank on deposits worth Rs 100, 200 and 300 crore.
HDFC Bank FD rates
HDFC Bank FD rates for Rs 100, 200 and 300 crore range from 4.75 per cent to 7.55 per cent. The bank offers the highest FD rate of 7.55 per cent on deposits more than Rs 100 crore but less than Rs 200 crore for a tenure of 1 year but less than 15 months. The highest tenure on FDs over Rs 200 crore but less than Rs 300 crore are offered on the same tenure by HDFC Bank at 7.55 per cent.
India’s largest private lender offers 7.65 per cent returns on deposits worth more than Rs 300 crore but less than Rs 500 crore for a period of 1 year but less than 15 months.
These deposits do not allow partial withdrawal and sweep-in facility. Premature withdrawal will earn 1 per cent lesser interest, according to HDFC Bank.
ICICI Bank FD rates
ICICI Bank FD rates for deposits above Rs 100 crore to Rs 250 crore for a period of 1 year to 389 days stood at 7.70 per cent for general and senior citizens. ICICI Bank offers 776 per cen returns on FDs worth Rs 25-100 crore for a period of 1 year to 389 days. FDs worth Rs 300 crore will eanr an interest rate of 7,70 per cent for the same duration, according to ICICI Bank. These rates are applicable on deposits without the option of premature withdrawal.
Axis Bank FD rates on Rs 100 crore deposits
Axis Bank offers 7.83 per cent returns on deposits worth Rs 50-100 crore for 1 year to 1 year 4 days and 1 year 5 days to 1 year 10 days. Rs 100-250 crore deposits can earn up to 7.76 per cent interest on tenures of 1 year to 1 year 4 days and 1 year to 1 year 10 days. A deposit of Rs 300 crore will earn an interest of 7.90 per cent on the same tensures, according to Axis Bank.
Disclaimer: This article is for information purposes only. Please refer to the bank’s website for detailed terms and conditions.
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