MUMBAI: IDFC vs HDFC BANK vs Bandhan Bank vs Yes Bank vs ICICI Bank fixed deposit rates compared: Good news awaits bank depositors. Interest rates on fixed deposits (FDs) are expected to rise further, helping depositors to earn more from their savings. Most of the retail term deposits are concentrated in the one year scheme banks also offer higher rates for 3 to 5 year deposits.

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IDFC offers up to 8.75 per cent in the 3 to 5 year category for senior citizens. The bank offers 8.25 per cent for general customers.

With the equity markets currently under a spell of turbulence, banks hope that investors would migrate their investments to bank deposits. The one-year deposit rates are the highest from HDFC Bank, which is offering 7.30 per cent to its general customers and 7.80 per cent to senior citizens. Bandhan Bank, however, gives the highest returns to senior citizens at 8 per cent in the one year category. In certain buckets, the current peak rate for YES Bank is at 8.25 per cent.

Earnings from savings: Interest rates are expected to rise further