Latest FD rates for general citizens offered by SBI, PNB, Bank of Baroda, Canara Bank, HFDC Bank, ICICI Bank, Axis Bank
At the end of the tenure, the accrued interest is calculated on the principal amount, and the total amount is paid back to the depositor. The tenure for fixed deposits can range from 7 days to 10 years. Below are some of the banks currently offering the highest interest rates on fixed deposits in India:
Top banks in India offering high interest rates, image credit: Unsplash