Latest FD Rates: Know what SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on 1-year, 3-year and 5-year fixed deposits
Latest FD Rates: State Bank of India (SBI) provides 7.25 per cent interest on 444 days - Amrit Vrishti FD scheme to general citizens 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.
Fixed deposit (FD) is a type of investment in which you can invest a lumpsum amount for a fixed time to earn interest on that. At the end of the tenure, you receive an interest plus your principal amount. The interest rate on FDs is decided when you open the FD and is determined by the time for which you choose to retain it.
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Pre-mature withdrawal
If you want to withdraw money from a FD, then you will have to pay a penalty.
FD tenure
You can fix your investment from a minimum of seven days to around 10 years.
Returns on FD
You get the principal amount plus compound interest on maturity.
What are the types of FDs?
Standard, tax savings, special, corporate, regular, senior citizen, and flexi 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.
SB FD interest rates
State Bank of India (SBI) provides 7.25 per cent interest on 444 days - Amrit Vrishti FD scheme to general citizens 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
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
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
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
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
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.