Day: June 1, 2018

SBI, Axis Bank Hike FD Interest Rates; What ICICI Bank, HDFC Bank Offer

SBI, Axis Bank Hike FD Interest Rates; What ICICI Bank, HDFC Bank Offer

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Axis Bank has revised its fixed deposit (FD) interest rates with effect from June 1, 2018, following in the foot steps of State Bank of India (SBI) which hiked its FD interest rates effective May 28, 2018. Since SBI is the largest lender of the country, other banks may also follow the league. ICICI Bank has not hiked its interest rates since December 11, 2017. HDFC Bank hiked its fixed deposit interest rates in April-end. Given below are fixed deposit interest rates offered by SBI, ICICI Bank, HDFC Bank and Axis Bank: Fixed deposit interest rates offered by SBI (All figures in % per annum) Tenors Existing for Public w.e.f. 28.03.2018 Revised For Public w.e.f. 28.05.2018 Existing for Senior Citizens w.e.f. 28.03.2018 Revised for Senior Citizens w.e.f. 28.05.2018