Fixed Deposit rate comparison between SBI, HDFC, Canara Bank and Axis Bank, 2022

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• Feb 18, 2022 | Sourav Boruah

Digital Desk: The interest rates on Fixed Deposits, spread across a wide range of maturity dates, have been revised by major banks in India.

Fixed Deposits rates at Canara bank and Axis bank have been prevailing since January this year, whereas State Bank of India and HDFC bank announced interest rate hikes in February.

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Check out the 2022 Fixed Deposit rate comparison between SBI, HDFC, Canara Bank, and Axis Bank.

SBI Revision in Interest Rates On Retail Domestic term deposits (Below Rs. 2 crores) interest rates revised w.e.f. 15.02.2022

Tenors	Existing Rates for Public w.e.f. 15.01.2022	Revised Rates For Public w.e.f. 15.02.2022	Existing Rates for Senior Citizens w.e.f. 15.01.2022	Revised Rates for Senior Citizens w.e.f. 15.02.2022
7 days to 45 days	2.90	2.90	3.40	3.40
46 days to 179 days	3.90	3.90	4.40	4.40
180 days to 210 days	4.40	4.40	4.90	4.90
211 days to less than 1 year	4.40	4.40	4.90	4.90
1 year to less than 2 year	5.10	5.10	5.60	5.60
2 years to less than 3 years	5.10	5.20	5.60	5.70
3 years to less than 5 years	5.30	5.45	5.80	5.95
5 years and up to 10 years	5.40	5.50	6.20	6.30

HDFC Domestic / NRO / NRE FIXED DEPOSIT RATE Applicable from 14th Feb 2022

	< 2 Crore		>=2 Crore to < 5 Crores
Tenor Bucket	Interest Rate (per annum)	**Senior Citizen Rates (per annum)	Interest Rate (per annum)	**Senior Citizen Rates (per annum)
7 - 14 days	2.50%	3.00%	2.50%	3.00%
15 - 29 days	2.50%	3.00%	2.50%	3.00%
30 - 45 days	3.00%	3.50%	2.75%	3.25%
46 - 60 days	3.00%	3.50%	2.75%	3.25%
61 - 90 days	3.00%	3.50%	3.00%	3.50%
91 days - 6 months	3.50%	4.00%	3.35%	3.85%
6 months 1 day - 9 months	4.40%	4.90%	3.60%	4.10%
9 months 1 day < 1 Year	4.40%	4.90%	3.70%	4.20%
1 Year	5.00%	5.50%	4.05%	4.55%
1 year 1 day - 2 years	5.00%	5.50%	4.20%	4.70%
2 years 1 day - 3 years	5.20%	5.70%	4.50%	5.00%
3 year 1 day- 5 years	5.45%	5.95%	4.60%	5.10%
5 years 1 day - 10 years	5.60%	6.35%*	4.60%	5.35%*

 

Canara Bank fixed deposit for Deposits less than Rs.2 Crore w.e.f. 17.01.2022 (5 years & above to 10 Years)

Term Deposits (All Maturities)	General Public		Senior Citizen
	Rate of Interest (% p.a.)	Annualized Interest yield (% p.a.) **	Rate of Interest (% p.a.) #	Annualized Interest yield (% p.a.) **
7 days to 45 days*	2.90	2.93%	2.90	2.93%
46 days to 90 days	3.90	3.96%	3.90	3.96%
91 days to 179 days	3.95	4.01%	3.95	4.01%
180 days to less than 1 Year	4.40	4.47%	4.90	4.99%
1 year only	5.00	5.09%	5.50	5.61%
Above 1 year to less than 2 years	5.00	5.09%	5.50	5.61%
2 years & above to less than 3 years	5.10	5.20%	5.60	5.72%
3 years & above to less than 5 years	5.25	5.35%	5.75	5.88%
Canara Unique “1111 Days”	5.35	5.46%	5.85	5.98%
5 years & above to 10 Years	5.25	5.35%	5.75	5.88%

Here are the new/revised interest rates on its Axis Bank Fixed Deposit. Interest Rates On Domestic Deposits (Deposits – Less Than 5 Crores w.e.f. 26/01/2022)

Deposits – Less Than 5 Crores