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  • Fixed and Saving Deposit Rate VAC

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    The document presents fixed deposit and savings deposit interest rates for major public and private banks in India from 2014 to 2023. It shows that: 1) Both fixed deposit and savings deposit rates have generally trended downward over the past 10 years for all banks. 2) Rates have typically been higher for private banks compared to public sector banks. 3) In 2023, fixed deposit rates ranged from 6.70% to 7.75% for public banks and 7% to 7.75% for private banks. Savings deposit rates were 2.75-2.90% for public banks and 3% for most private banks.

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    The document presents fixed deposit and savings deposit interest rates for major public and private banks in India from 2014 to 2023. It shows that: 1) Both fixed deposit and savings deposit rates have generally trended downward over the past 10 years for all banks. 2) Rates have typically been higher for private banks compared to public sector banks. 3) In 2023, fixed deposit rates ranged from 6.70% to 7.75% for public banks and 7% to 7.75% for private banks. Savings deposit rates were 2.75-2.90% for public banks and 3% for most private banks.

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    3 views8 pages

    Fixed and Saving Deposit Rate VAC

    Uploaded by

    vinishchandraa
    The document presents fixed deposit and savings deposit interest rates for major public and private banks in India from 2014 to 2023. It shows that: 1) Both fixed deposit and savings deposit rates have generally trended downward over the past 10 years for all banks. 2) Rates have typically been higher for private banks compared to public sector banks. 3) In 2023, fixed deposit rates ranged from 6.70% to 7.75% for public banks and 7% to 7.75% for private banks. Savings deposit rates were 2.75-2.90% for public banks and 3% for most private banks.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 8

    Q.

    Fixed and Saving Deposit Rate in 5 Public and Private Bank in India for last
    10 years.
    FIXED DEPOSIT RATE
    Fixed Deposit Rate in Private Bank
    Year HDFC ICICI Axis Bank
    2023 7.00% 7.75% 7.50%
    2022 6.00% 7.00% 7.25%
    2021 5.50% 6.50% 7.00%
    2020 6.50% 7.00% 7.25%
    2019 6.00% 7.50% 7.75%
    2018 7.10% 8.00% 8.25%
    2017 7.00% 7.50% 7.75%
    2016 7.50% 8.00% 8.25%
    2015 8.25% 8.50% 8.75%
    2014 8.75% 8.00% 9.25%

    Fixed Deposit Rate in Private Bank


    10.00%

    ■ HDFC ■ICICI ■ Axis Bank ■ KMB ■ Yes Bank

    Fixed Deposit Rate in Public Banks


    SBI Canara Bank Bank of Baroda
    2023 7.00% 7.35% 6.70%
    2022 6.00% 7.50% 6.50%
    2021 5.50% 6.50% 6.25%
    2020 6.00% 6.90% 6.50%
    2019 7.00% 7.80% 7.00%
    2018 7.50% 8.00% 7.50%
    2017 7.00% 7.50% 7.00%
    2016 7.50% 8.00% 7.50%
    2015 8.00% 8.50% 8.00%
    2014 8.50% 9.00% 8.50%

    Fixed Deposit Rate in Public Bank


    10.00%

    9.00%

    8.00%

    7.00%
    6.00%

    5.00%

    4.00%

    3.00%

    2.00%

    1.00%

    0.00%

    2023 2022 2021 2020 2019 2018 2017 2016 2015 2014

    ■ SBI BCanaraBank ■ Bank of Baroda bPNB BUBI

    Conclusion: The Fixed Deposit Rate is decreasing every year and the rate is
    high in Private Bank in comparison to Public Bank.
    SAVING DEPOSIT RATE
    Saving Deposit Rate in Private Bank
    Year HDFC Bank ICICI Bank Kotak Mahindra
    2014 4.25% 4.00% 4.25%
    2015 4.00% 3.75% 4.00%
    2016 3.75% 3.50% 3.75%
    2017 3.50% 3.25% 3.50%
    2018 3.25% 3.00% 3.25%
    2019 3.00% 2.75% 3.00%
    2020 2.75% 2.50% 2.75%
    2021 3.00% 2.75% 3.00%
    2022 3.00% 2.75% 3.00%
    2023 3.00% 3.00% 3.00%

    Saving Deposit Rate in Private Bank


    5.00%
    4.00%
    3.00%
    2.00%
    1.00%
    0.00%
    ■ Saving Deposit Rate in Private Bank HDFC Bank
    ■ Saving Deposit Rate in Private Bank ICICI Bank
    ■ Saving Deposit Rate in Private Bank Kotak Mahindra
    ■ Saving Deposit Rate in Private Bank Axis Bank
    ■ Saving Deposit Rate in Private Bank Yes Bank

    Saving Deposit Rate in Public Banks


    Year SBI Bank of Baroda PNB
    2014 4.00% 4.25% 4.00%
    2015 3.75% 4.00% 3.75%
    2016 3.50% 3.75% 3.50%
    2017 3.25% 3.50% 3.25%
    2018 3.00% 3.25% 3.00%
    2019 2.75% 3.00% 2.75%
    2020 2.50% 2.75% 2.50%
    2021 2.75% 3.00% 2.75%
    2022 2.75% 3.00% 2.75%
    2023 2.75% 2.90% 2.75%

    Saving Deposit Rate in Public Banks


    5.00%
    4.00%
    3.00%
    2.00%
    1.00%
    0.00%
    ■ Saving Deposit Rate in Public Banks
    ■ Saving Deposit Rate in Public Banks
    SBI
    Bank of Baroda
    PNB
    Saving Deposit Rate
    in
    Public Banks
    ■ Saving Deposit Rate
    in
    Public Banks
    Canara Bank
    ■ Saving Deposit Rate in Public Banks UBI
    Conclusion: The Saving Deposit Rate is decreasing every year and the rates
    are high in Private Bank in comparison to Public Bank.
    ank in India for last

    KMB Yes Bank


    7.25% 7.00%
    7.10% 7.00%
    6.75% 6.50%
    7.10% 7.00%
    7.50% 7.25%
    8.00% 7.75%
    7.50% 7.25%
    8.00% 8%
    8.50% 8.25%
    9.00% 8.75%

    PNB UBI
    6.50% 6.50%
    6.25% 6.00%
    6.00% 6.00%
    6.25% 6.25%
    6.75% 7.00%
    7.25% 7.25%
    6.75% 6.75%
    7.25% 7.25%
    7.75% 7.25%
    8.25% 8.25%
    and the rate is

    Axis Bank Yes Bank


    4.25% 4.00%
    4.00% 3.75%
    3.75% 3.50%
    3.50% 3.25%
    3.25% 3.00%
    3.00% 2.75%
    2.75% 2.50%
    3.00% 2.75%
    3.00% 2.75%
    3.00% 3.00%
    Canara Bank UBI
    4.25% 4.25%
    4.00% 4.00%
    3.75% 3.75%
    3.50% 3.50%
    3.25% 3.25%
    3.00% 3.00%
    2.75% 2.75%
    3.00% 3.00%
    3.00% 3.00%
    2.90% 2.90%
    ar and the rates

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