Highest FD Rates: Know what SBI, PNB, BoB, Canara Bank, HDFC Bank and ICICI Bank are offering on 1-,3-and 5-year FDs
Highest FD Rates by SBI, BoB, HDFC Bank and other banks:You can choose between cumulative and non-cumulative interest payments.
Fixed deposits (FDs) are considered one of the safest investment options. The returns on FDs are also fixed, which means the interest rate on a term deposit (TD) or fixed deposit (FD) remains the same for the duration of the investment. In FDs, you can invest a lump sum amount for a fixed period to earn interest on them.
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Interest rate
The interest rate is fixed when the deposit is placed and will not change until maturity.
Tenure
You can deposit money for at least seven days to a maximum of around 10 years in FDs.
Payment of interest in FDs
You can choose between cumulative and non-cumulative interest payments.
SBI, PNB, Canara Bank, HDFC Bank, BoB FD rates
Let's take a look at the interest rates that banks like SBI, PNB, Canara Bank, HDFC Bank and others ate providing currently.
SBI 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
Punjab National Bank (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 (BoB) 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.