Fixed Deposits Latest Interest Rates: SBI vs PNB vs HDFC vs ICICI: COMPARISON - Want to do 1 year FD? Which bank will offer more money? Know here

Fixed Deposit (FD) is a traditional and reliable investment option in India. Even today most people prefer investing money in Bank FD. One of the specialties of FD is that in this, customers get the option of deposits from 7 days to 10 years. This means you can park your money in a safe place for as long as you want and get a guaranteed return.

Those who are planning to invest money in FD for 1 year can know here which bank will provide them with most returns SBI, PNB, HDFC Bank, or ICICI Bank.

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FD interest rates in SBI

The State Bank of India (SBI) is currently offering an interest rate of 5.0 percent per annum on one year FD. However, customers need to note that if the maturity of the FD is reduced by even one day, then the interest rate will come down directly to 4.40 percent per annum.

Meanwhile, The bank is offering 5.50 percent annual interest on one year FD to senior citizens. These interest rates are applicable from January 8, 2021.

FD interest rates in PNB

Punjab National Bank (PNB) is currently offering an interest rate of 5.10 percent per annum on one-year FDs. If the maturity of the FD is reduced by even one day, then the interest rate will come down directly to 4.50 percent per annum.

At the same time, senior citizens are getting 5.60 percent annual interest on one year FD. These interest rates are applicable from May 1, 2021.

FD interest rates in HDFC Bank

HDFC Bank is currently offering an interest of 4.90 percent per annum on one-year FDs. However, the interest rate will reduce to 4.40 percent per annum if the maturity of the FD is reduced by even one day.  

Senior citizens are getting 5.40 percent annual interest on one year FD. These interest rates are applicable from May 21, 2021.

FD interest rates in ICICI Bank

ICICI Bank is offering an interest of 4.90 percent per annum on one-year FDs. If the maturity of the FD is reduced by even one day, then the interest rate will come down directly to 4.40 percent per annum.

At the same time, senior citizens are getting 5.40 percent annual interest on one year FD. These interest rates are applicable from October 21, 2020.

FD rate applicable on deposits below Rs 2 crore

Customers who are depositing money in SBI, PNB, HDFC Bank or ICICI Bank for one year need to know that you will get the above-mentioned interest rates on deposits of less than Rs 2 crore. If your deposit is more than Rs 2 crore then the interest rates will change.