Latest fixed deposits (FD) rates for general and senior citizens that SBI, PNB, Canara Bank, Axis Bank and HDFC Bank are offering
Check highest interest rates and tenures for major banks, emphasising the safety and guaranteed returns of FDs for general and senior citizens.
This article provides the latest fixed deposit (FD) interest rates offered by major Indian banks for both general citizens and senior citizens. It highlights the interest rates and tenures for each bank, emphasising the safety and guaranteed returns of FDs. Senior citiens enjoy slightly higher interest rates under specialised schemes.
General Citizens
Investing in fixed deposits is one of the most secure ways to grow your savings. Not only does it help you save money, but it also offers substantial interest earnings. Competitive fixed deposit (FD) interest rates ensure a good return on investment over a fixed tenure. Under the FD scheme, the depositor makes a one-time deposit when opening the account. The interest rates depend on the bank, deposit amount, and the chosen tenure.
State Bank of India (SBI)
- Rate: 7.10%
- Tenure: 400 days - Amrit Kalash
Axis Bank
- Rate: 7.20%
- Tenure: 17 months to less than 18 months
Punjab National Bank (PNB)
- Rate: 7.25%
- Tenure: 400 days
HDFC Bank
- Rate: 7.25%
- Tenure: 18 months to less than 21 months
Canara Bank
- Rate: 7.25%
- Tenure: 444 days
Senior Citizens
Fixed Deposits are a popular investment choice due to their safety and guaranteed returns. Senior citizens benefit from slightly higher interest rates through Senior Citizen Fixed Deposit schemes. However, the interest rates for senior citizens can vary based on several factors, with the tenure being one of the most important considerations.
State Bank of India
- Rate: 7.75%
- Tenure: 444 days
HDFC Bank
- Rate: 7.9%
- Tenure: 4 years 7 months (55 months)
Punjab National Bank
Rate: 7.75%
Tenure: 400 days
Canara Bank
Rate: 7.75%
Tenure: 444 days