Latest Fixed Deposit (FD) Interest Rates 2019- PNB vs SBI vs Axis Bank vs ICICI Bank vs HDFC Bank

●       Recently many banks revised the fixed deposit interest rate.

●       Before depositing you should always compare bank FD rates

○        Check SBI Bank FD Rates

○        Check PNB Bank FD Rates

○        Check Axis Bank FD Rates

○        Check HDFC Bank FD Rates

○        Check ICICI Bank FD Rates

The recent policy rate hikes proposed by the RBI has brought in a new wave of hope for FD investors. It is because the new changes have helped banks, due to which they have altered the FD interest rates. From 1st of August 2019 SBI and PNB bank revised the FD rates of interest on maturity. Financial experts expect other banks will also change their fixed deposit interest once RBI monetary policy review on 7th of August 2019.

So, before depositing, you need to compare different banks fixed deposit interest rates and calculate the maturity amount with online fiancingpanda FD calculator. Below is the revised list of new interest rate which offered by State Bank of India (SBI), Punjab National Bank (PNB), Axis Bank, ICICI Bank and HDFC Bank.

1)  State Bank of India Fixed Deposit Plans

Tenure	SBI Bank Regular FD Rates (Annually)
7 Days to less than 1 Year	6.25%
1 Year and 2 Years	6.80%
2-3 Years	6.70%
3 and 5 Years	6.60%
5 and 10 Years	6.50%

2) Punjab National Bank Fixed Deposit Plans

Tenure	PNB Bank Regular FD Rates (Annually)
7 to 45 Days	5%
46 to 333 Days	6.30%
1 Year	6.75%
1 Year and up to 3 Years	6.50%

3) Axis Bank Fixed Deposit Plans

Tenure	Axis Bank Regular FD Rates (Annually)
7 Days to 6 Months	6.25%
6 to 9 Months	6.50%
9 Months to 1 Year	7 %
1 to 2 Years and to less than 5 Years	7.2%
5 to 10 Years	7 %

4) HDFC Bank Fixed Deposit Plans

Tenure	HDFC Bank Regular FD Rates (Annually)
7 to 45 Days	5.50%
46 Days to 6 Months	6%
1 Year	7.10%
1 to 2 Years	7.20%
2 to 3 Years	7.30 %
3 to 5 Years	7.25%
5 to 10 Years	7%

5) ICICI Bank Fixed Deposit Plans

Tenure	ICICI Bank Regular FD Rates (Annually)
7 Days to less than 1 Year	6.75%
2 to 3 Years	7.50%
3 to 5 Years	7.25%
5 to 10 Years	7%

Concussion: The best way to choose an issuer or financial institution for an FD investment is by comparing the FD interest rates on offer based on the tenor you want, and the safety parameter attached with the offering.