If you are also planning to get FD, then it is important for you to know which bank is giving how much interest. Here we are giving you information about the FD rates of some selected banks. This will give you some convenience in getting FD done.
New Delhi. Investing in Fixed Deposits is not only safe but also offers guaranteed returns. In recent times, many public and private sector banks have changed the interest rates of fixed deposits. Banks are now paying more interest on FD than before.
If you are also planning to get FD, then it is important for you to know which bank is giving how much interest. Here we are giving you information about the FD rates of some selected banks. This will give you some convenience in getting FD done.
SBI’s interest rate
The country’s largest bank SBI (SBI) is offering interest ranging from 2.9 percent to 5.5 percent on fixed deposits of 7 days to 10 years. This government bank is giving half a percent i.e. 50 basis points more interest to senior citizens. The minimum rate of interest for these is 3.4 percent. While interest up to a maximum of 6.3 percent is being given to senior citizens.
HDFC Bank
Private sector HDFC Bank is offering interest ranging from 2.5 per cent to 5.6 per cent on various fixed deposits up to Rs 2 crore. The new rates of the bank have become effective from April 6, 2022.
Bank of Baroda
Public sector Bank of Baroda (BoB) has also changed FD interest rates. The bank is now offering 2.8 per cent to 5.55 per cent interest on deposits up to Rs 2 crore with tenures ranging from 7 days to 10 years.
Kotak Mahindra Bank
Private sector Kotak Mahindra Bank has increased the interest on fixed deposits up to Rs 2 crore. This bank is now giving interest ranging from 2.5 percent to 5.6 percent on FDs with maturity from 7 days to 10 years. The new rates of the bank have become effective from April 12.
ICICI Bank
The new rate of interest on FDs of ICICI Bank private sector up to Rs 2 crore ranges from 2.5 percent to 5.6 percent. This interest is available on FD schemes with tenures ranging from 7 days to 10 years.
