Highest FD rates: Know what SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on 1-year, 3-year and 5-year fixed deposits currently; check here
Highest General Citizen FD rates: In FDs, you can choose the investment period as your own. It can be from seven days to 10 years.
FD, or fixed deposit, is a type of investment in which a person invests a lumpsum amount for a fixed time to earn interest on that. FDs are also known as term deposits (TDs).
What is tenure of FD?
You can fix your investment from a minimum of seven days to around 10 years.
Returns on FD
You get the principal amount plus compound interest on maturity.
Can you withdraw money before maturity?
If you want to withdraw money from a FD, then you will have to pay a penalty.
Types of FDs
Standard, tax savings, special, corporate, regular, senior citizen, and flexi FDs.
Flexibility
In FDs, you can choose the investment period as your own. It can be from seven days to 10 years.
Easy to open
FD can easily be opened in any bank without having a bank account.
SB FD interest rates
State Bank of India (SBI) provides 7.25 per cent interest on 444 days - Amrit Vrishti FD scheme while the bank gives 6.80 per cent, 6.75 per cent and 6.50 per cent interest rates on 1-year, 3-year and 5-year FDs.
PNB FD interest rates
PNB provides 7.25 per cent interest on 400 days FD scheme while the bank gives 6.80 per cent, 7 per cent and 6.50 per cent interest rates on 1-year, 3-year and 5-year FDs.
Canara Bank FD interest rates
Canara Bank provides 7.25 per cent interest on 444 days FD scheme while the bank gives 6.85 per cent, 6.80 per cent and 6.70 per cent interest rates on 1-year, 3-year and 5-year FDs.
BoB FD interest rates
Bank of Baroda provides 7.30 per cent interest on 400 days FD scheme while the bank gives 6.85 per cent, 7.15 per cent and 6.80 per cent interest rates on 1-year, 3-year and 5-year FDs.
HDFC FD interest rates
HDFC provides 7.40 per cent interest on 4 Year 7 Months (55 months) FD scheme while the bank gives 6.60 per cent, 7 per cent and 7 per cent interest rates on 1-year, 3-year and 5-year FDs.
ICICI FD interest rates
ICICI provides 7.25 per cent interest on 15 months to 2 years FD scheme while the bank gives 6.70 per cent, 7 per cent and 7 per cent interest rates on 1-year, 3-year and 5-year FDs.