Highest FD interest rates that SBI, PNB, Canara Bank, HDFC Bank, and ICICI Bank are offering
Bhawna Gupta | Aug 08, 2024, 04:42 PM IST
FD or fixed deposit is one of the safest ways to park your money and get substantial interest.
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Bank fixed deposit interest rates
Competitive bank fixed deposit interest rates allow depositors get a fair return on investment over a certain period of time.
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The interest rates given vary depending on the bank
The fixed deposit scheme requires the depositor to make a single deposit upon opening the account. The interest rates given vary depending on the bank, deposit amount, and tenure chosen.
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7 banks providing highest interest rate on FDs
Here are seven public and private sector banks that are providing highest interest rate on FDs.
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HDFC Bank
7.4% - 4 Year 7 Months (55 months) tenure
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ICICI Bank
7.25%
Tenure - 15 months to 2 years
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Bank of Baroda
7.25%
Tenure - 399 days
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Canara Bank
7.25%
Tenure - 444 days
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Punjab National Bank
7.25%
Tenure - 400 days
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State Bank of India
7.25%
Tenure - 444 days
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Axis Bank
7.2%
Tenure - 17 months to less than 18 months