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Fixed Deposit Interest Rates: Fixed deposits (FD) are quite popular among investors as it has the lowest risk. By investing in FD, you can earn a little more money through interest over a fixed period. Banks are usually offering interest between 3% to 7.50%. This interest also depends on the time period. Senior citizens usually get an additional interest of 0.5%. Before investing in FD in any bank, it is important to compare the interest rates of banks. Here we are telling you the FD rates of four big banks of the country.
State Bank of India (SBI) – Interest on FD of Rs 3 crore
If you invest in fixed deposits (FD) in State Bank of India, you will get interest between 3% to 7%. Senior citizens get an additional benefit of 0.50%. The bank is offering an interest rate of 6.80% for one-year FDs. 7 percent interest is being given on FDs of less than two to three years.
Punjab National Bank (PNB) – Interest on FD of Rs 3 crore
Punjab National Bank is offering interest rates ranging from 3.50% to 7.50%. Investors will get 6.75% interest on one-year fixed deposits. Senior citizens will get interest at the rate of 7.25%.
ICICI Bank – Interest on FD up to Rs 3 crore
ICICI Bank is offering interest rates ranging from 3% to 7.50% on its fixed deposit schemes. Senior citizens get an additional 0.5% benefit, which brings the interest rate to 3.50% to 7.50%. The tenure of FDs ranges from 7 days to 10 years.
HDFC Bank – Interest on FD up to Rs 3 crore
HDFC Bank FD Rates: HDFC Bank is offering a maximum interest of 7.50 per cent. Senior citizens get an additional interest of 0.50 per cent.
