HDFC Bank vs ICICI Bank vs SBI: Which Bank Offers the Best FD Interest Rates in 2025?
When it comes to safe and stable investment options, Fixed Deposits (FDs) remain a favorite among Indian investors. But with multiple banks offering varying rates, the question arises — Which bank offers the most rewarding FD rates in 2025?
In this guide, we present a side-by-side comparison of FD interest rates from HDFC Bank, ICICI Bank, and SBI, so you can make a smart, informed investment decision.
📈 What Is a Fixed Deposit?
A Fixed Deposit is a savings scheme that allows individuals to deposit a lump sum amount with a bank for a fixed tenure at a pre-decided interest rate. It’s a low-risk investment ideal for conservative investors or those planning short-term goals.
📊 Latest FD Interest Rates (April 2025)
Below is a quick comparison of the FD rates for deposits under ₹2 crore:
| Tenure | SBI | HDFC Bank | ICICI Bank |
|---|---|---|---|
| 7 to 45 days | 3.00% | 3.00% | 3.00% |
| 46 to 179 days | 4.50% | 4.50% | 4.75% |
| 180 to 210 days | 5.25% | 5.75% | 5.75% |
| 211 to 364 days | 5.75% | 6.00% | 6.00% |
| 1 to 2 years | 6.80% | 7.00% | 7.10% |
| 2 to 3 years | 7.00% | 7.10% | 7.20% |
| 3 to 5 years | 6.75% | 7.00% | 7.00% |
| 5 to 10 years | 6.50% | 7.00% | 7.00% |
👵 Senior Citizen Rates
All three banks offer additional interest (0.50% to 0.75%) to senior citizens on most FD tenures.
🏦 Bank-wise FD Benefits
🔹 State Bank of India (SBI)
- Government-backed trust
- Steady returns, ideal for risk-averse investors
- Special schemes like Amrit Kalash with enhanced rates
- Auto-renewal and loan against FD available
🔹 HDFC Bank
- Attractive interest rates for 2–5 year tenures
- Online FD booking through net banking & mobile app
- Senior Citizen Care FD with bonus interest
- Option to earn interest monthly, quarterly, or at maturity
🔹 ICICI Bank
- Leading in FD rates across multiple tenures
- Quick and paperless FD creation
- Multiple interest payout options
- Flexi-FD option with partial withdrawal facility
📌 Which Bank Should You Choose?
| If You Want… | Go With |
|---|---|
| Government security + stability | SBI |
| Balanced returns + flexible terms | HDFC Bank |
| Higher returns + digital ease | ICICI Bank |
🧾 Tax Implications on FD Interest
- Interest earned is fully taxable as per your income slab
- TDS (Tax Deducted at Source) applies if total interest exceeds ₹40,000 (₹50,000 for seniors) in a year
- You can avoid TDS by submitting Form 15G/15H if applicable
✅ Conclusion: Choose Wisely, Earn Safely
Whether you prioritize high returns, banking trust, or flexible features, each of these banks brings something valuable to the table. Always consider your investment goal, tenure, and liquidity needs before locking your funds into an FD.
For the latest and most accurate rates, visit the official websites of SBI, HDFC Bank, and ICICI Bank before investing.
For more updates like this, visit our website regularly and stay informed with the latest financial news, policy changes, and expert insights.
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