Bank FD Interest Rate: These 5 banks are giving the highest interest on Fixed Deposit, Check List!

Bank FD Interest Rate is always the most popular way among people for fixed deposit (FD) investment in India. A large number of people keep their savings in fixed deposits.

Fixed deposits are the most common means of investment for the small and middle class people, as people do not want to take ricks with the money invested so they like FDs and are a much safer option than equity.

Due to the falling economy in fixed deposits, most banks have lowered the interest rate they get and hence people want to invest in a safe scheme to secure their future.

If you are also thinking to invest and do not want to take the ricks with the invested money, then FD is a better option for you, but due to the downfall in the economy, banks have cut the interest rates annually. FD is more beneficial in India.

Also Read: FD: Know which banks are still paying more than 7 % interest

Therefore, we will tell you about 5 such banks where you can get the highest return on fixed deposits.

SBI fixed deposit interest rate

• 4.90% on investment for 1 year to 2 years, 5.40% interest for senior citizen
• 5.10% on the period from 2 years to 3 years, 5.60% annual interest rate for senior citizens
• 5.30% for 3 years to 5 years, 5.80% interest for senior citizens
• 5.40% on interest ranging from 5 years to 10 years, 6.20% interest for senior citizens

PNB Fixed Deposit Interest Rate

• 5.25% in FD for 1 to 3 years, 6% interest for senior citizens
• 5.30% on the period ranging from 3 to 10 years, 6.05% annual interest rate for senior citizens!

ICICI Bank (ICICI) Fixed Deposit Interest Rate

• 5.10% on the period ranging from 18 months to 2 years, 5.60% annual interest rate for senior citizens
• 5.15% for the period ranging from 2 years to 3 years, 5.65% for senior citizens
• 5.35% for the period from 3 years to 5 years, 5.85% for senior citizens
• 5.50% on the period ranging from 5 years to 10 years, 6.30% annual interest rate for senior citizens.

HDFC Bank (HDFC) Fixed Deposit Interest Rate

• 5.10 per cent for 1 to 2 years, 5.60 per cent annual interest rate for senior citizens
• 5.15% for 2 to 3 years period, 5.65% for senior citizen
• 5.30% for the period from 3 years to 5 years, 5.80% for senior citizens
• 5.50 percent on the period from 5 years to 10 years, 6.25 percent annual interest rate for senior citizens.

(BOB) Bank of Baroda Fixed Deposit Interest Rate

• 5.10% annual interest rate over a period of 1 to 3 years
• Interest of 5.30% per annum for 3 to 10 years
• Special FD scheme for senior citizens will get additional interest of 0.50%, these benefits can be availed till 30th September.

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