Bank FD: ICICI Bank Vs HDFC Bank Vs Axis Bank, Check Detailed Comparison Of FD Interest Rates | Savings and Investments News

Last Updated:June 18, 2025, 15:04 IST

Bank FD: Axis Bank and ICICI Bank are offering better fixed deposit rates than HDFC Bank across most tenures, especially for short and long terms. Here’s the full comparison:

HDFC Bank Vs ICICI Bank Vs Axis Bank FD Rates: After the Reserve Bank of India’s (RBI) monetary policy committee in its last meeting announced a 50-bps reduction in the key repo rate, commercial banks, including ICICI Bank, SBI, HDFC Bank, PNB and Axis Bank, have followed suit by reducing interest rates on loans and deposits. Here are the latest revised fixed deposit (FD) interest rates being offered by three major private sector lenders — HDFC Bank, ICICI Bank and Axis Bank.

According to the revised rates, Axis Bank and ICICI Bank are offering better FD rates than HDFC Bank across most tenures, especially for short and long terms. For short-term FDs (up to 6 months), Axis and ICICI offer up to 4.50%, while HDFC starts lower at 2.75%.

For 1 to 2 years, all three banks offer similar rates, with HDFC and Axis offering up to 6.60%.

For long-term FDs (2–10 years), ICICI leads with 6.60%, while Axis offers 6.50% and HDFC slightly less at 6.40%.

Senior citizens get a better deal everywhere. Axis Bank gives the highest at 7.25% for 5 to 10 years. HDFC and ICICI offer up to 7.10%.

HDFC Bank’s latest interest rates on fixed deposits less than Rs 3 crore (per annum, effective from June 10):

• 7 days to 14 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent
• 15 days to 29 days: For General Public – 2.75 per cent; For Senior Citizens – 3.25 per cent
• 30 days to 45 days: For General Public – 3.25 per cent; For Senior Citizens – 3.75 per cent
• 46 days to 60 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
• 61 days to 89 days: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
• 90 days to less than equal to 6 months: For General Public – 4.25 per cent; For Senior Citizens – 4.75 per cent
• 6 months 1 day to less than 9 months: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
• 9 months 1 day to less than 1 year: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
• 1 year to less than 15 months: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent
• 15 months to less than 18 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
• 18 months to less than 21 months: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
• 21 months to 2 years: For General Public – 6.45 per cent; For Senior Citizens – 6.95 per cent
• 2 years 1 day to less than 2 years 11 months: For General Public – 6.45 per cent; For Senior Citizens – 6.95 per cent
• 2 years 11 months to 35 months: For General Public – 6.45 per cent; For Senior Citizens – 6.95 per cent
• 2 years 11 months 1 day to less than or equal to 3 years: For General Public – 6.45 per cent; For Senior Citizens – 6.95 per cent
• 3 years 1 day to less than 4 years 7 months: For General Public – 6.40 per cent; For Senior Citizens – 6.90 per cent
• 4 years 7 months to 55 months: For General Public – 6.40 per cent; For Senior Citizens – 6.90 per cent
• 4 years 7 months 1 day to less than or equal to 5 years: For General Public – 6.40 per cent; For Senior Citizens – 6.90 per cent
• 5 years 1 day to 10 years: For General Public – 6.15 per cent; For Senior Citizens – 6.65 per cent.

Axis Bank’s FD Interest Rate On Deposits Below Rs 3 Crore (effective June 12, 2025):

• 7 days to 14 days: 3.00 per cent for General Public; 3.50 per cent for Senior Citizens
• 15 days to 29 days: 3.00 per cent for General Public; 3.50 per cent for Senior Citizens
• 30 days to 45 days: 3.25 per cent for General Public; 3.75 per cent for Senior Citizens
• 46 days to 60 days: 4.00 per cent for General Public; 4.50 per cent for Senior Citizens
• 61 days to 87 days: 4.00 per cent for General Public; 4.50 per cent for Senior Citizens
• 88 days to 3 months 24 days: 4.50 per cent for General Public; 5.00 per cent for Senior Citizens
• 3 months 25 days less than 4 months: 4.50 per cent for General Public; 5.00 per cent for Senior Citizens
• 4 months to less than 6 months: 4.50 per cent for General Public; 5.00 per cent for Senior Citizens
• 6 months to less than 9 months: 5.50 per cent for General Public; 6.00 per cent for Senior Citizens
• 9 months to less than 1 year: 5.75 per cent for General Public; 6.25 per cent for Senior Citizens
• 1 year to 1 year 10 days: 6.25 per cent for General Public; 6.75 per cent for Senior Citizens
• 1 year 11 days to less than 13 months: 6.25 per cent for General Public; 6.75 per cent for Senior Citizens
• 13 months to less than 15 months: 6.25 per cent for General Public; 6.75 per cent for Senior Citizens
• 15 months to less than 18 months: 6.60 per cent for General Public; 7.10 per cent for Senior Citizens
• 18 months to less than 2 years: 6.60 per cent for General Public; 7.10 per cent for Senior Citizens
• 2 years to less than 3 year: 6.50 per cent for General Public; 7.00 per cent for Senior Citizens
• 3 year to less than 5 years: 6.50 per cent for General Public; 7.00 per cent for Senior Citizens
• 5 years to 10 years: 6.50 per cent for General Public; 7.25 per cent for Senior Citizens.

ICICI Bank’s Latest Interest Rates on Fixed Deposits Below Rs 3 Crore (effective June 18):

• 7 days to 45 days: For General Public – 3.00 per cent; For Senior Citizens – 3.50 per cent
• 46 days to 90 days: For General Public – 4.00 per cent; For Senior Citizens – 4.50 per cent
• 61 days to 184 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
• 91 days to 184 days: For General Public – 4.50 per cent; For Senior Citizens – 5.00 per cent
• 185 days to 270 days: For General Public – 5.50 per cent; For Senior Citizens – 6.00 per cent
• 271 days to less than 1 year: For General Public – 5.75 per cent; For Senior Citizens – 6.25 per cent
• 1 year to less than 15 months: For General Public – 6.25 per cent; For Senior Citizens – 6.75 per cent
• 15 months to less than 18 months: For General Public – 6.35 per cent; For Senior Citizens – 6.85 per cent
• 18 months to 2 years: For General Public – 6.50 per cent; For Senior Citizens – 7.00 per cent
• 2 years 1 day to 5 years: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
• 5 years 1 day to 10 years: For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent
• 5 years (tax saver FD): For General Public – 6.60 per cent; For Senior Citizens – 7.10 per cent.

The Reserve Bank of India (RBI) in its last monetary policy review earlier this month slashed the key repo rate by unexpected 50 bps to 5.5%. It also announced a reduction in cash reserve ratio (CRR) by 100 bps to 3%.

As per the latest available data, India’s CPI-based retail inflation in May 2025 stood at 2.82%, lowest since February 2019.

The RBI expects retail inflation for FY26 to stand at 3.7%, marking the lowest average retail inflation forecast by the central bank in recent years.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More

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