Latest SBI FD interest rates and comparisons with ICICI Bank, PNB, HDFC Bank, Axis Bank, BOI and other leading banks for general citizens
SBI FD Interest Rate: Fixed deposits are a secure way to grow savings, offering competitive returns. Interest rates vary by bank, deposit amount, and tenure. Leading banks include ICICI, PNB, HDFC, and more.
SBI FD Interest Rate: Fixed deposits (FDs) are among the safest and most dependable ways to grow your savings. They offer not only secure fund accumulation but also attractive interest earnings. Competitive FD interest rates provide a reliable return on investment over a fixed period. When you open an FD account, you make a one-time deposit, and the interest rates vary depending on the bank, the deposit amount, and the chosen tenure. Leading banks like ICICI Bank, PNB, HDFC, Axis Bank, BOI, Bank of Baroda, and Canara Bank offer different rates.
Tenure & Returns
At the end of the tenure, the interest accrued is calculated on the principal amount, and the total amount is returned to the depositor. The tenure for fixed deposits can range from 7 days to 10 years. Below are some banks currently offering the highest FD interest rates in India:
State Bank of India
7.10% for 400 days - Amrit Kalash
ICICI Bank
7.20% for 15 months to 2 years
Canara Bank
7.25% for 444 days
HDFC Bank
7.25% for 18 months to less than 21 months
Bank of India
7.20% for 15 months to 2 years
Bank of Baroda (BOB)
7.25% for above 2 years to 3 years
Punjab National Bank (PNB)
7.25% for 400 days
Axis Bank
7.20% for 17 months to less than 18 months