FD rates: After the reduction in repo rate, the returns on FD are bound to decrease. However, if you invest wisely, you can still get great returns.
FD rates: The Reserve Bank of India (RBI) has cut the repo rate for the third consecutive time. Due to this, many banks have reduced the interest on FDs or are preparing to reduce it. However, it is not that the opportunity to get great interest on FD is over. If you invest wisely and choose the tenure of FD, you can easily get better interest. Today we are telling you which bank is getting the highest interest on FD of which period.
State Bank of India (SBI): The country’s largest bank is giving interest at the rate of 6.70% to ordinary citizens for a period of 2 years to 3 years. At the same time, senior citizens are being given interest at the rate of 7.20 percent for this period.
HDFC Bank: This largest private sector bank is still giving great interest for a period of 15 to 18 months. The bank is providing interest at the rate of 6.85% to common citizens for this period. At the same time, the interest rate for senior citizens is 7.35%.
ICICI Bank: This private sector bank is providing the highest interest for a period of 18 months to 2 years. The bank is providing interest at the rate of 6.85% to common citizens for this period. At the same time, senior citizens are being provided interest at the rate of 7.35% for this period.
Bank of Baroda: Government bank Bank of Baroda is providing better returns on 1 year FD. The bank is giving interest at the rate of 6.70% to the general public on 1 year FD. At the same time, for this period, senior citizens and super senior citizens are being given interest at the rate of 7.20% and 7.20% respectively.
PNB: Punjab National Bank is still giving great returns on 1 year FD. The bank is giving interest at the rate of 6.70% to the general public on 1 year FD. At the same time, senior citizens and super senior citizens are being given interest at the rate of 7.20% and 7.50% respectively.
