Bank FD Interest Rates: Fixed Deposits i.e. FD is a favorite investment option. FD account can be opened for a period of 7 days to 10 years. The interest rate on FD varies depending on the period. Also, there can be a difference in the interest rates of banks. Therefore, it is better to compare the interest rates of different banks before making a bank FD.
Bank FD Interest Rates: Today we will tell you about those banks of the country which give the highest interest on FDs of five years duration. State Bank of India, Bank of Baroda, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Punjab National Bank give high interest rates on 5-year FDs. Let us know what their interest rates are..
State Bank of India (SBI):
SBI gives 6.5 percent interest to general citizens and 7.5 percent interest to senior citizens on its 5-year FD. However, the country’s largest lender offers the highest interest rate of 7 percent on FDs of 2-3 years.
Also Read- UPS Family Pension Calculation: How much money will the family get in case of death of the pensioner, know here
Bank of Baroda (BOB):
This government bank offers 6.5 percent interest to general citizens and 7.15 percent annual interest to senior citizens on 5-year FDs. Bank of Baroda’s special FD scheme, Monsoon Dhamaka, offers the highest interest rate of 7.25 percent to general customers. The tenure of this FD is 399 days.
HDFC Bank:
The country’s largest private bank offers 7 percent annual interest to general citizens and 7.5 percent annual interest to senior citizens on its 5-year FD. At the same time, the bank offers the highest interest rate of 7.4 percent to customers on FDs of 55 months.
ICICI Bank:
ICICI Bank offers 7 percent interest to general citizens and 7.5 percent annual interest to senior citizens on 5-year fixed. As far as the bank’s highest interest paying FD is concerned, the bank gives the highest interest of 7.25 percent on FDs of 15 to 18 months.
Kotak Mahindra Bank:
The bank gives 6.2 percent and 6.7 percent interest to general and senior citizens respectively on FDs of five years. Kotak Mahindra Bank gives the highest interest of 7.4 percent to its customers on FDs of 390 days.
Related Articles-
Bank FD Rates: These 3 banks are giving up to 8.85% interest on special FD, check details
ICICI Bank FD Rates: ICICI Bank again increased interest on FD, check latest interest rate
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
