Best fd rates in india: Fixed Deposit (FD) is a traditional and reliable investment option in India. Even today most of the people prefer to invest money in Bank FD.
Best fd rates in india: Fixed Deposit (FD) is a traditional and reliable investment option in India. Even today most of the people prefer to invest money in Bank FD. A special feature of FD is that in this, customers get the option of deposits from 7 days to 10 years. This means that you can park your money in a safe place for as long as you want and get a guaranteed return. Today we are going to tell you that if you want to invest money in 1 year FD, then how much return will you get in four big banks. Here we have taken FD rates of SBI, PNB, HDFC Bank and ICICI Bank.
SBI FD interest rates SBI
The country’s largest bank State Bank of India (SBI) is currently offering an interest of 5.0 percent per annum on one-year FD. Keep in mind here that if the maturity of the FD is reduced by even one day, then the interest rate will come down directly to 4.40 percent per annum. At the same time, senior citizens are getting 5.50 percent annual interest on one year FD. These interest rates are applicable from 8 January 2021.
FD interest rates in PNB
Punjab National Bank (PNB) is currently offering an interest rate of 5.10 per cent per annum on one-year FDs. If the maturity of the FD is reduced by even one day, then the interest rate will come down directly to 4.50 per cent per annum. At the same time, senior citizens are getting 5.60 percent annual interest on one year FD. These interest rates are applicable from 1 May 2021.
HDFC Bank interest rates (FD interest rates in HDFC bank)
HDFC Bank of the private sector is currently offering an interest of 4.90 percent per annum on one-year FDs. Keep in mind that if the maturity of the FD is reduced by even one day, then the interest rate will come down directly to 4.40 percent per annum. At the same time, senior citizens are getting 5.40 percent annual interest on one-year FD. These interest rates are applicable from 21 May 2021.
FD interest rates in ICICI bank
ICICI Bank of the private sector is currently offering an interest of 4.90 percent per annum on one-year FDs. Keep in mind that if the maturity of the FD is reduced by even one day, then the interest rate will come down directly to 4.40 per cent per annum. At the same time, senior citizens are getting 5.40 percent annual interest on one year FD. These interest rates are applicable from 21 October 2020.
FD rate applicable on deposits below Rs 2 crore
Know about the one-year FD rates of SBI, PNB, HDFC bank and ICICI bank that you will get this interest on deposits of less than Rs 2 crore. If your deposit is more than Rs 2 crore then the interest rates will change. Let us tell you, the information about the FD rate of all the four banks has been taken from their official website.
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