Fixed deposit (FD) interest rates that leading banks such as SBI, PNB, HDFC Bank, and ICICI Bank are offering

Investing in fixed deposits (FDs) is one of the most secure ways to manage your money. This method not only helps you save but also provides a substantial return through interest. Banks offer competitive FD interest rates, giving depositors a favorable return on their investment over a set period. When you open an FD account, you make a one-time deposit, and the interest rates depend on the bank, the deposit amount, and the chosen tenure.

At the end of the deposit period, interest is calculated on the principal amount, and the total sum is returned to the depositor. Fixed deposit tenures can vary from 7 days to 10 years. In the following section, we highlight the banks that currently offer attractive interest rates.