Fixed Deposits: Fixed deposits (FD) are considered a safe investment option in the country, especially for those who want to avoid the risk of the stock market and want a fixed return. If you are also planning to do FD, then before that know which banks are giving better returns on FD
Fixed Deposits: People in the country like to invest their money in Fixed Deposits (FD). Fixed Deposits i.e. FD is seen as a safe investment option. Let us tell you that people who want to avoid the risk of the stock market and who want a fixed return, often invest their money in FD. Many banks give good interest rates to investors on FD. Generally, every bank gives more interest to senior citizens than to common people.
If you too have been thinking of getting a Fixed Deposit (FD) for a long time, then Small Finance Banks can be a good option for you. These banks are currently getting the highest returns on FD. Most Small Finance Banks are giving higher returns than private and government banks. Due to which they have become a popular option among risk-averse investors. If you are looking for better returns on FD, then you can check the FD list of these banks. Let us know which bank is giving how much return on FD according to Paisabazaar.
Interest rates of government banks in the country
The interest rates of the government banks of India are different for common people and senior citizens. Bank of Baroda gives 7.30% interest to common people and 7.8% interest to senior citizens on fixed deposits (FD) up to 400 days (BOB Utsav). State Bank of India gives 7.25% interest to common people and 7.75% interest to senior citizens on FDs up to 444 days (Amrit Vrishti). Bank of India gives 7.30% interest to common people and 7.8% interest to senior citizens on FDs up to 400 days. Bank of Maharashtra gives 7.45% interest to common people and 7.95% interest to senior citizens on FDs up to 366 days.
On the other hand, Canara Bank gives 7.40% interest to common people and 7.9% interest to senior citizens on FDs of 3 to 5 years. Central Bank of India gives 7.50% interest to general people and 8% interest to senior citizens on FDs up to 1111 and 3333 days. Union Bank of India gives 7.30% interest to general people and 7.8% interest to senior citizens on FDs up to 456 days.
Small Finance Bank Fixed Deposit (FD) Rates
The interest rates of various small finance banks in India are different for common people and senior citizens. AU Small Finance Bank gives 8% interest to common people and 8.5% interest to senior citizens on 18-month fixed deposit (FD). Equitas Small Finance Bank gives 8.25% interest to common people and 9% interest to senior citizens on FD of 888 days. ESAF Small Finance Bank gives 8.25% interest to common people and 8.75% interest to senior citizens on FD of less than 2 years to 3 years.
At the same time, Jana Small Finance Bank gives 8.25% interest on FD of 1 year to 3 years and 8.75% interest to senior citizens. NorthEast Small Finance Bank gives 9% interest to common people and 9.5% interest to senior citizens on FD of 546 to 1111 days. Suryoday Small Finance Bank gives 8.6% interest to general people and 9.1% interest to senior citizens on FDs of 2 to 3 years.
Interest rates of the main private banks of the country
The interest rates on FDs of various private banks of India are different for common people and senior citizens. Axis Bank gives 7.25% interest to common people and 7.75% interest to senior citizens on fixed deposits (FD) from 15 months to 2 years. Bandhan Bank gives 8.05% interest to common people and 8.55% interest to senior citizens on 1 year fixed deposit (FD). City Union Bank gives 7.5% interest to common people and 8% interest to senior citizens on 333 days and Federal Bank gives 444 days fixed deposit (FD). HDFC Bank gives 7.4% interest to common people and 7.9% interest to senior citizens on FDs up to 55 months.
ICICI Bank gives 7.25% interest to common people and 7.8% interest to senior citizens on fixed deposits from 15 months to 2 years. IDFC First Bank gives 7.9% interest to general people and 8.4% interest to senior citizens on FDs of 400 to 500 days. IndusInd Bank gives 7.99% interest to general people and 8.49% interest to senior citizens on FDs of 1 year 5 months to 1 year 6 months. Whereas RBL Bank gives 8% interest to general people and 8.5% interest to senior citizens on FDs of up to 500 days. YES Bank gives 7.75% interest to general people and 8.25% interest to senior citizens on FDs of 18 months to 24 months.
