General public FD rates: Know what SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing to general citizens on fixed deposits
The FD interest rates vary from bank to bank. Generally, general citizens receive less interest than senior citizens on FDs.
A fixed deposit (FD) is a sort of investment in which you deposit money for a specific time period to earn income.
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Fixed interest
In an FD, you receive a fixed interest at a regular interval till the term of the FD ends.
Interest rate
The FD interest rates vary from bank to bank. Generally, general citizens receive less interest than senior citizens on FDs.
Benefits of FD
FD has many benefits. Some of them are the following:
Guaranteed returns
You get guaranteed returns on FDs.
Flexibility
In FDs, you can choose the investment period as your own. It can be from seven days to 10 years.
Easy to open
FD can easily be opened in any bank without having a bank account.
SBI FD interest rates for general citizens
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 for general citizens
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 for general citizens
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 for general citizens
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.
HDFC FD interest rates for general citizens
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 for general citizens
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.