FD interest rates offered by SBI, PNB, Bank of Baroda, HDFC Bank, Axis bank and ICICI Bank for general citizens
Fixed deposits provide income certainty and capital protection, making them a popular choice, especially among new and conservative investors. These features also make FDs an ideal instrument for achieving short-term financial goals and for parking emergency and post-retirement funds.
A Fixed Deposit (FD), also known as a 'time deposit' or 'term deposit,' is an investment option where depositors can place their idle money for a predetermined period and earn a fixed interest rate. The interest is paid at regular intervals during the chosen tenure or upon maturity.
Fixed deposits provide income certainty and capital protection, making them a popular choice, especially among new and conservative investors. These features also make FDs an ideal instrument for achieving short-term financial goals and for parking emergency and post-retirement funds.
Axis Bank FD Rate
Rate: 7.2%
Tenure: 17 months to less than 18 months
HDFC Bank FD Rate
Rate: 7.4%
Tenure: 4 years 7 months (55 months)
ICICI Bank FD Rate
Rate: 7.2%
Tenure: 15 months to 2 years
Bank of India FD Rate
Rate: 7.3%
Tenure: 666 days
Canara Bank FD Rate
Rate: 7.25%
Tenure: 444 days
Punjab National Bank FD Rate
Rate: 7.25%
Tenure: 400 days
State Bank of India FD Rate
Rate: 7.25%
Tenure: 444 days