Latest FD interest rates SBI, PNB, Bank of Baroda, HDFC Bank, ICICI Bank, and other key lenders are offering to general citizens
Top FD interest rates for general citizens: Investors who don't want to take market risk and need a fixed income opt for FD. Investors who want to diversify their investments between market-linked and non-market-linked options also opt for FDs. Investment in a 5-year FD provides tax benefits under Section 80C of the Income Tax Act, 1961.
Top FD interest rates for general citizens: Fixed Deposit (FD) is a guaranteed return scheme where investors make a one-time investment and get returns in the form of interest rate. The scheme is run by the post office, public and private sector banks, and small finance banks. Investors who don't want to take market risk and need a fixed income opt for FD. Investors who want to diversify their investments between market-linked and non-market-linked options also opt for FDs. Financial institutions offer FDs of different durations and interest rates. They also offer different interest rates to general citizens and senior citizens for the same FD. In this write-up, know what the best FD interest rates are provided by banks such as SBI, Punjab National Bank (PNB), Bank of Baroda (BoB), HDFC Bank, ICICI Bank, and other banks (Source: Paisabazaar.com).
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State Bank of India (SBI) best FD rate
State Bank of India offers its best interest rate of 7.25 per cent for the FD of 444 days.
Canara Bank best FD rate
Canara Bank offers its best interest rate of 7.25 per cent for the FD of 444 days.
Axis Bank best FD rate
Axis Bank offers its best interest rate of 7.2 per cent for the FD of 17 months to less than 18 months.
ICICI Bank best FD rate
ICICI Bank offers its best interest rate of 7.25 per cent for the FD of 15 months to 2 years.
Bank of Baroda best FD rate
Bank of Baroda offers its best interest rate of 7.25 per cent for the FD of 399 days.
HDFC Bank best FD rate
HDFC Bank offers its best interest rate of 7.4 per cent for the FD of 4 years, 7 months (55 months).
Punjab National Bank (PNB) best FD rate
Punjab National Bank offers its best interest rate of 7.25 per cent for the FD of 400 days.
Bank of India best FD rate
Bank of India offers its best interest rate of 7.30 per cent for the FD of 666 days.
Indian Overseas Bank best FD rate
Indian Overseas Bank offers its best interest rate of 7.30 per cent for the FD of 444 days.