Best fixed deposit rates: Bank fixed deposits (FDs) are popular among investors seeking stable returns and capital preservation. These are considered low risk investments. Let us know about it
Which banks are offering the best FD rates?
The banks offering the best FD rates can vary depending on various factors, and the specific tenure of the fixed deposit. Some banks in India known for offering competitive FD rates include: Kotak Mahindra Bank, HDFC Bank, Axis Bank, ICICI Bank, State Bank of India (SBI), Punjab National Bank (PNB), IDFC First Bank, Yes Bank, Punjab & Sind Bank, RBL Bank, DCB Bank.
RBL Bank interest rate: RBL Bank offers an interest rate of 8.10% for deposits ranging from 546 days to 24 months (18 months to 24 months). DCB Bank provides an interest rate of 8% for deposits lasting from 25 months to 26 months.
Induslnd Bank interest rate: Induslnd Bank offers an interest rate of 7.75% for various durations: 1 Year to below 1 Year 6 Months, 1 Year 6 Months to below 1 Year 7 Months, and 1 Year 7 Months up to 2 Years.
IDFC First Bank interest rate: IDFC First Bank provides an interest rate of 7.75% for deposits lasting from 549 days to 2 years. Yes Bank offers an interest rate of 7.75% for deposits between 18 months and less than 24 months.
PNB Bank interest rate: Punjab National Bank offers an interest rate of 7.25% for deposits lasting 400 days. Bank of Baroda provides an interest rate of 7.25% for deposits above 2 years and up to 3 years.
SBI Bank interest rate: SBI offers an interest rate of 7% for deposits lasting from 2 years to less than 3 years.
HDFC Bank interest rate: HDFC Bank offers an interest rate of 7.25% for deposits ranging from 18 months to less than 21 months.
ICICI Bank interest rate: ICICI Bank offers an interest rate of 7.20% for deposits ranging from 15 months to less than 18 months and another 7.20% for deposits ranging from 18 months to 2 years. Axis Bank offers an interest rate of 7.20% for deposits lasting less than 18 months but more than 17 months.
Kotak Mahindra Bank interest rate: Kotak Mahindra Bank provides an interest rate of 7.40% for deposits lasting 390 days (12 months 24 days) and 7.40% for deposits ranging from 391 days to less than 23 months. Punjab & Sind Bank provides an interest rate of 7.40% for deposits lasting 444 days.
