FAQs
HDFC Bank is offering up to 7.75 per cent interest rates on FD, depending upon deposit tenure and depositor's age. ICICI Bank is offering FD rates up to 7.60 per cent annually and SBI is giving up to 7.50 per cent a year.
What is the interest rate of HDFC Bank RD in 2024? ›
HDFC RD Interest Rates 2024
| Tenure | RD Rates for General Citizens | RD Rates for Senior Citizens |
|---|
| 12 Months | 6.60% | 7.10% |
| 15 Months | 7.10% | 7.60% |
| 24 Months | 7.00% | 7.50% |
| 27 Months | 7.00% | 7.50% |
8 more rowsHighest RD Interest Rates 2024
| Bank Name | Normal Interest Rate | Senior Citizen Interest Rate |
|---|
| HDFC Bank | 7.10% | 7.60% |
| ICICI Bank | 7.00% | 7.50% |
| Indusind Bank | 7.50% | 8.25% |
| Kotak Mahindra Bank | 7.10% | 7.60% |
35 more rowsHDFC Bank is offering up to 7.75 per cent interest rates on FD, depending upon deposit tenure and depositor's age. ICICI Bank is offering FD rates up to 7.60 per cent annually and SBI is giving up to 7.50 per cent a year.
What is the interest rate for recurring deposits in ICICI Bank? ›
Recurring Deposit Interest Rates
| Maturity Period | Rate of Interest (% p.a.) w.e.f June 14, 2024 |
|---|
| General | Senior Citizen |
|---|
| 36 months | 7.00% | 7.50% |
| Above 3 years upto 5 years | 7.00% | 7.50% |
| Above 5 years upto 10 years | 6.90% | 7.40% |
10 more rowsDomestic / NRO / NRE FIXED DEPOSIT RATE
| Tenor Bucket | >=3 Crore to < 5 Crores |
|---|
| Interest Rate (per annum) | **Senior Citizen Rates (per annum) |
|---|
| 15 months to < 18 months | 7.05% | 7.55% |
| 18 months to < 21 months | 7.25% | 7.75% |
| 21 months to 2 years | 7.05% | 7.55% |
17 more rowsHDFC Bank offers recurring deposit (RD) Interest Rates ranging between 4.50% – 7.00% p.a. for the general public and 5.00% – 7.75% p.a. for senior citizens.
Which bank gives the highest interest on RD 2024? ›
Most banks offer up to 7% interest rate on recurring deposits. SBI, Indian Bank, IOB, UCO Bank, Axis Bank, and HDFC Bank are some major banks where you can expect an interest of up to 7%. Is RD good for tax saving?
Which bank gives 7% interest in RD? ›
SBI offers Recurring deposits at interest rates of 6.50% to 7% p.a. to other depositors, and 7.35% to 7.5% to senior citizens with a minimum monthly deposit of ₹100. The tenure for SBI RD ranges from 1 year to 10 years. These rates are effective from December 27, 2023.
What is the best RD interest rates in SBI? ›
Recurring Deposit - Personal Banking
- 8.50%* p.a. onwards. w.e.f. 05.04.2024. *T&C Apply. ...
- Start From. 11.15% p.a.* *T&C Apply.
- 2.70% p.a. less than Rs.10 Cr. 3.00% p.a. ...
- Starts From 8.85%* SBI Gold Loan. *T & C Apply.
- 2.70% p.a. Balance below Rs. ...
- 8.15% p.a.* *T&C Apply. ...
- 8.95% p.a. *T&C Apply. ...
- 7.00% 2 years to less than 3 year.
"Thus, assuming a similar asset quality profile, HDFC Bank is better placed than ICICI Bank on the growth (due to improved reach) and profitability) improved operating leverage) fronts. We expect HDFC Bank to post 26.1 per cent PAT CAGR over FY23F-26F against ICICI Bank's 15.9 per cent," it said.
Why is HDFC better than SBI? ›
In terms of asset quality, HDFC Bank exhibited strength compared to SBI. If we analyse some key ratios useful for evaluating the banking business, let's begin with the Price-to-Book (PB) value. SBI has a PB ratio of 1.63, whereas HDFC's PB ratio is 4.47.
Which private bank is best HDFC or Icici? ›
Top 10 Private Banks in India 2022 vs 2024
| 2022 | 2024 |
|---|
| Bank Name | Profit (Rs.) | Profit (Rs.) |
| HDFC Bank | 8,785.29 Cr. | 46440 Cr. |
| ICICI Bank | 4,939.59 Cr. | 31,896 Cr. |
| Axis Bank | 1,116.60 Cr. | 6,071 Cr. |
6 more rowsMar 13, 2024
Therefore, we can see that while both serve as excellent savings options, Fixed Deposits tend to edge out with greater benefits. Fixed Deposit accounts offer more flexibility with their range of tenure, provide higher returns and are ideal for anyone seeking to invest any amount of money for a given period of time.
Which RD is best in India? ›
Major Bank's Best RD Interest Rates 2024
| Bank | General Interest Rates | Senior Citizen Interest Rates |
|---|
| IDFC First Bank | 6.75% – 7.25% | 6.75% – 7.25% |
| PNB | 4.40% – 5.30% | 4.90% – 6.05% |
| IDBI Bank | 7.00% – 7.15% | 7.50% –7.65% |
| Citibank | 2.75% – 3.00% | 3.25% – 4.00% |
28 more rowsSBI RD Calculation for 5-year deposit
The RD calculator shows if you start an RD of Rs 10,000 per month with SBI then the maturity amount after 5 years will be Rs 6,93,323. The bank is offering 6.45% interest on 5-year term deposits to senior citizens.
What are interest rates expected to be in 2024? ›
While McBride had initially expected mortgage rates to fall to 5.75 percent by late 2024, the economic reality means they're likely to hover in the range of 6.25 percent to 6.4 percent by the end of the year.
What will be FD rates in 2024 in India? ›
Fixed Deposit Interest Rates 2024
Currently, FD interest rates of scheduled banks range from 2.50% p.a. to 9.00% p.a. for regular depositors for tenures ranging from 7 days to 10 years.
What is the target of HDFC Bank share in 2024? ›
He advises maintaining a stop loss of ₹1,500. The analyst also said that HDFC Bank is ready to scale back to its previous highs of ₹1,757.50. "The stock might also breach its level of 1,750 and move towards ₹1,850.
What is the price of HDFC Bank in 2025? ›
According to analysts, HDFCBANK price target is 1868.34 INR with a max estimate of 2470.00 INR and a min estimate of 1620.00 INR.
