Fixed Deposit Rates: The country’s largest bank gives an interest rate ranging from 2.9 percent to 5.5 percent to the customers on making FD here. This interest rate is available on FDs with tenures ranging from 7 days to 10 years.
Fixed Deposits Rates of Different Banks: Although investors have many investment options nowadays, but even today a large number of investors prefer to invest in bank FDs. The reason for this is that it gives risk free returns to the people. For some time now, many banks have increased the interest rates on their FDs. The largest public sector banks in the order include State Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Bank of Baroda. So let us tell you about the FD rates of these banks. After this you can invest according to your need-
Rate of interest available in SBI
The country’s largest bank gives interest rates ranging from 2.9 percent to 5.5 percent to the customers on making FD here. This interest rate is available on FDs with tenures ranging from 7 days to 10 years. On the other hand, bank senior citizens get an interest rate of about 0.5 percent i.e. 50 basis points higher than the common citizens.
Kotak Mahindra Bank interest rates-
According to the bank’s website, the bank is offering interest rates ranging from 2.5 percent to 5.60 percent to customers on FDs of 7 days to 10 years. Let us tell you that this interest rate is for FDs of less than 2 crores.
HDFC Bank interest rates-
The country’s largest private sector bank HDFC Bank has increased its FD rates here. Both the new ones have also been implemented from 6th April. The bank is offering an interest rate of about 2.50 percent to 5.60 percent on FDs of 7 days to 10 years. This interest rate is for the amount less than 2 crores. You will get all the information about FD rates on the official website of the bank.
Bank of Baroda (Bank of India) interest rates-
Bank of Baroda (BoB) has also increased its interest rates some time back. The bank is offering customers an interest rate ranging from 2.8 percent to 5.5 percent on FDs with tenor of 7 days to 10 years. These rates are applicable on FDs of less than 20 million.
ICICI Bank interest rates-
The country’s second largest private sector bank ICICI Bank has also changed its interest rates some time ago. The bank is offering customers an interest rate ranging from 2.5 percent to 5.6 percent on FDs of 7 days to 10 years. In such a situation, you can choose the FD according to your need by visiting the bank’s website.
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