FD Interest Rates: 6 Banks are offering 7.85% interest on FD, check details

FD Interest Rates:  Due to fluctuations in the stock market, investors are now getting more attracted to Fixed Deposit (FD). Fixed interest rate is available in FD. After the fixed time, the whole money is returned safely. It is considered to be an excellent option for risk-free investment.

FD Interest Rates: Due to fluctuations in the stock market, investors are now getting more attracted to Fixed Deposit (FD). Fixed interest rate is available in FD. After the fixed time, the whole money is returned safely. It is considered to be an excellent option for risk-free investment.

Banks get the highest interest rates on FDs

1. General citizens are getting 7.25 percent interest on HDFC Bank FD and senior citizens are getting 7.77 percent interest. This FD is for a period of 18 to 21 months.
2. General customers are getting 7.25 percent interest and senior citizens are getting 7.85 percent interest on FD of 15 to 18 months in ICICI Bank.
3. Kotak Mahindra Bank is giving 7.4 percent interest on FDs of 390-391 days, while senior citizens are getting 7.9 percent interest.
4. Federal Bank is giving the benefit of 7.5 percent interest rate to general citizens and 8 percent interest rate to senior citizens on FDs of 444 days.
5. Bank of Baroda is giving 7.15 percent interest to general customers and 7.65 percent interest to senior citizens on FDs of 2 to 3 years.
6. Union Bank of India is giving 7.3 percent interest on FDs of 456 days, while senior citizens are getting 7.8 percent interest.

Why invest in FD?

FD is a safe investment option. Here one gets good returns in a fixed time at a fixed interest rate. Senior citizens have the advantage of higher interest rates. With this, they can get better returns on their savings. Apart from this, banks have FD schemes for different periods, so that investors can choose the right option according to their needs. If you want safe and guaranteed returns, then FD can be a good option.

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