Bank FD Interest Rate: Bank FD is a great way to invest to enhance your future and keep your future secure. You can earn big money from interest on bank FD. However, for this it is important to know which bank is providing better interest on FD. Banks keep changing the interest rates from time to time according to the rate cycle and liquidity, hence it is important to have correct information about it. This year, public sector, private sector and small finance banks are offering very different interest slabs, let’s take a look at them so that if you are also thinking of getting FD, then it can help you in getting good returns.
State Bank of India
State Bank of India is currently giving 3.05 percent to 6.60 percent annual interest rate to general customers on FD. The bank is giving about 0.50 percent more interest to senior citizens. The highest rate on some specific buckets is around 7.10 percent. On one year fixed deposits, general customers are getting interest at the rate of 6.25 percent and senior citizens are getting interest at the rate of 6.75 percent.
Punjab National Bank (PNB)
Punjab National Bank is offering interest rates ranging from 3.00 percent to 6.60 percent on FD for the common people, in which senior citizens get interest up to 6.90 percent for some time. On one year FD, regular depositors are getting interest at the rate of 6.25 percent and senior citizens are getting interest at the rate of 6.75 percent.
Kotak Mahindra Bank
Kotak Mahindra Bank is giving interest ranging from 2.75 percent to 6.70 percent to general customers on FD. At the same time, the rate for senior citizens is going up to about 7.10 percent. Generally, on one year FD, 6.25 percent interest is being given to regular depositors and 6.75 percent interest to senior citizens.
RBL Bank
The interest rate on FD for general customers in RBL Bank ranges from 3.50-7.80 percent. At the same time, for senior citizens it is going to increase further to 4-8.30 percent.
Bank of Baroda
Bank of Baroda is currently offering FD rates of around 3.50% to 6.60% per annum for general public and 4.00% to 7.10% per annum for senior citizens. The rate on one year standard deposit is 6.25 percent for regular investors and 6.75 percent for senior citizens.
HDFC Bank
The interest rate on FD for regular customers in HDFC Bank ranges between 2.75 percent to 6.60 percent, while senior citizens can earn around 7.10 percent at certain times. For one year maturity, regular depositors are generally getting 6.25 percent interest and senior citizens are getting 6.75 percent interest.
ICICI Bank
In ICICI Bank, interest rates on FD for general customers are between 2.75 percent to 6.60 percent per annum and for senior citizens it is between 3.25 percent to 7.10 percent. The FD rate for regular depositors for tenure less than 1 year to 18 months is 6.25 percent and for senior citizens it is 6.75 percent.
DCB Bank
DCB Bank is giving interest at the rate of 3.75 percent to about 7.20 percent on FD to general customers. At the same time, for senior citizens this rate is around 4.00 percent to 7.70 percent annually. Rates for regular customers are usually around 6.90%-7.00% and for senior citizens, rates are usually around 7.15%-7.50% for a tenure of about one year.
Also read:
Bank will not open for 18 days… The list of holidays in December is long, know when the branches will remain closed in your city.
