FD Rates: If you want to invest your money in a safe way, then Fixed Deposit can be a great option. Many banks in the country offer great interest rates on fixed deposits to their customers. Let us know what interest rates are being offered by the 7 big banks of India.
HDFC Bank
HDFC Bank gives 7.40% interest to its customers on tenures ranging from 4 years 7 months to 55 months. At the same time, this interest rate is up to 7.90% for senior citizens. These rates are applicable from July 24, 2024.
ICICI Bank
ICICI Bank is offering 7.25% interest to general citizens and 7.80% interest to senior citizens on fixed deposits ranging from 15 months to 18 months.
Kotak Mahindra Bank
Kotak Mahindra Bank is offering its customers an interest rate of 7.4% on fixed deposits of 390 to 391 days. At the same time, senior citizens are given an additional benefit of 50 basis points. These rates are effective from June 14, 2024.
Federal Bank
Federal Bank is paying 7.4% interest to general citizens and 7.9% interest to senior citizens on fixed deposits of 777 days. These rates have come into effect from October 16, 2024.
State Bank of India
The country’s largest bank, SBI, is paying 7% interest to general citizens and 7.5% interest to senior citizens on tenures of 2 to 3 years. These rates are effective from June 15, 2024.
Bank of Baroda
Bank of Baroda is offering 7.3% interest to general citizens and 7.8% interest to senior citizens on 400 days fixed deposit. These rates have come into effect from October 14, 2024.
Union Bank of India
Union Bank of India is offering 7.3% interest to general citizens on 456 days fixed deposit. Senior citizens are given an additional benefit of 50 basis points.
