Highest FD Rates: This is what PSU banks like SBI, BoB, PNB and other banks are providing on 1-year, 3-year and 5-year FD schemes
State Bank of India (SBI) provides 7.25 per cent interest on 444 days - Amrit Vrishti FD scheme to investors. The bank gives 6.80 per cent interest rate on 1-year FD while 6.75 per cent and 6.50 per cent on 3-year and 5-year FDs respectively.
A fixed deposit (FD) scheme is an investment scheme where you can invest a lump sum amount for a fixed period to earn interest. Both banks and non-banking financial institutions (NBFCs) provide FD services. The money you deposit in FD accounts is locked for a set duration, ranging from 7 days to 10 years.
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PSU banks like SBI, PNB, BoB FD rates
This article will discuss what PSU banks like SBI, PNB, BoB, and other banks like HDFC Bank, ICICI Bank currently provide on 1-year, 3-year, and 5-year FDs. Take a look:
SBI FD interest rates
State Bank of India (SBI) provides 7.25 per cent interest on 444 days - Amrit Vrishti FD scheme to investors.
SBI- 1-year FD rate
In one year, the bank offers a 6.80 per cent interest rate to all investors.
SBI- 3-year FD rate
In one year, the bank offers a 6.75 per cent interest rate to all investors.
SBI- 5-year FD rate
In one year, the bank offers a 6.50 per cent interest rate to all investors.
PNB FD interest rates for 1yr-3yr-5yr tenure
PNB provides 7.25 per cent interest on a 400-day 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.
BoB FD interest rates for 1yr-3yr-5yr tenure
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.
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.
HDFC FD interest rates for 1yr-3yr-5yr tenure
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.