Fixed Deposit Interest Rate: Fixed Deposit (FD) is very popular among investors because it has the lowest risk. By investing in FD, you can earn a little more money through interest in a fixed period. Banks are usually offering interest between 3% to 7.50%. This interest also depends on the time period
Fixed Deposit Interest Rate: Fixed Deposit (FD) is very popular among investors because it has the lowest risk. By investing in FD, you can earn a little more money through interest in a fixed period. Banks are usually offering interest between 3% to 7.50%. This interest also depends on the time period. Senior citizens usually get an additional interest of 0.5%. Before investing in FD in any bank, it is important to compare the interest rates of banks. Here we are telling you the FD rates of four big banks of the country.
State Bank of India (SBI) – Interest on FD of Rs 3 crore
If you invest in Fixed Deposit (FD) in State Bank of India, you will get interest between 3% to 7%. Senior citizens get an additional benefit of 0.50%. The bank is offering an interest rate of 6.80% for one-year FD. 7 percent interest is being given on FDs of less than two to three years.
Punjab National Bank (PNB) – Interest on FDs of Rs 3 crore
Punjab National Bank is offering interest rates ranging from 3.50% to 7.50%. For one-year fixed deposits, investors will get 6.75% interest. Senior citizens will get interest at the rate of 7.25%.
ICICI Bank – Interest on FDs up to Rs 3 crore
ICICI Bank is offering interest rates ranging from 3% to 7.50% on its fixed deposit schemes. Senior citizens get an additional 0.5% benefit, on which interest is offered from 3.50% to 7.50%. FDs range from 7 days to 10 years.
HDFC Bank – Interest on FDs up to Rs 3 crore
HDFC Bank FD Rates: HDFC Bank is offering a maximum interest of 7.50 per cent. Senior citizens get an additional interest of 0.50 per cent.
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