FD Rates: The Reserve Bank of India (RBI) started increasing interest rates from May last year. After increasing the interest rates of RBI, most all the banks started increasing the interest rates on FDs. After repeatedly increasing the interest rates of the banks, the interest rates of FD are also attracting the customers to invest.
FD Rates: The Reserve Bank of India (RBI) started increasing interest rates from May last year. After increasing the interest rates of RBI, most all the banks started increasing the interest rates on FDs. After repeatedly increasing the interest rates of the banks, the interest rates of FD are also attracting the customers to invest.
Mostly all these banks are offering FDs ranging from 7 days to 10 years. The bank is offering interest ranging from 3 per cent to 7.50 per cent to the general public. At the same time, banks are offering interest ranging from 3.50 per cent to 7.85 per cent to senior citizens.
Banks are giving so much interest
Axis Bank is paying interest ranging from 3.5 per cent to 7.85 per cent on FD. Punjab National Bank is offering interest ranging from 3.50 per cent to 7.50 per cent on FD. ICICI Bank is offering interest ranging from 3 per cent to 7.6 per cent. Here you are telling the interest rate of top 10 banks.
| Bank fd | Normal customer | Senior citizen |
| SBI | 3% to 7.10% | 3.50% to 7.60% |
| HDFC Bank | 3.00% to 7.25% | 3.50% to 7.75% |
| ICICI Bank | 3.00% to 7.10% | 3.50% to 7.60% |
| PNB | 3.50% to 7.25% | 4.00% to 7.75% |
| Axis Bank | 3.50% to 7.10% | 3.50% to 7.85% |
| Canara Bank | 4.00% to 7.25% | 4.00% to 7.75% |
| Kotak Mahindra Bank | 2.75% to 7.20% | 3.25% to 7.70% |
| Union Bank | 3% to 7% | 3.50% to 7.50% |
| yes bank | 3.25% to 7.50% | 3.75% to 8.25% |
| Bank of Baroda | 3% to 7.25% | 3.50% to 7.55% |
