FD Rate Battle 2026: SBI vs HDFC Bank, Which Pays More?
On the one hand, the trend of investing in SIP and stock market has increased. Still many conservative investors who prefer safety and solid returns consider Fixed Deposit (FD) as one of the most reliable methods. FDs still remain the most preferred option among such people, especially for those investors who want stability rather than volatility.
From SBI to HDFC Bank, many big Indian lenders have changed their fixed deposit interest rates for different periods of time. Actually, this change has happened after the Central Bank has cut the repo rate, which has made it cheaper for commercial banks across the country to take loans. Let’s know which bank is giving the highest interest on FD.
SBI: SBI is offering 6.25% return on FDs from one year to less than two years. 6.40% returns are available on tenures ranging from two years to less than three years. For senior citizens, SBI has fixed returns of 6.75% on FDs between one and two years and 6.90% on FDs between two and three years.
HDFC:
6.25% interest rate on 1 year to 15 months FD and 6.35% interest rate for 15 months to less than 18 months. 6.45% interest for two years. Senior citizens can get 6.75% on FD with one year tenure. They are paid 6.95% for two years.
Axis Bank:
The interest rate will be 6.25% for one year and 6.45% for two years. For senior citizens, the bank offers 6.75% interest on one-year FD tenure and 6.95% on two-year tenure.
Canara Bank:
Interest rates on FD with maturity period of 1 year to 15 months are 5.9%. For the same period, it is 6.40% for senior citizens.
ICICI Bank:
6.25% on FD with maturity period less than 1 year to 18 months and 6.6% for 2 years and 1 day to 5 years. For senior citizens, it is 6.75% for 1 year to less than 18 months and 7.2% for 2 years and 1 day to 5 years.
