![Bank FD Interest Rates: The interest rates offered by various banks generally range between 3% and 7.50% depending on the investment period. Bank FD Interest Rates: The interest rates offered by various banks generally range between 3% and 7.50% depending on the investment period.](https://images.news18.com/ibnlive/uploads/2021/07/1627283897_news18_logo-1200x800.jpg?impolicy=website&width=510&height=383)
Bank FD Interest Rates: The interest rates offered by various banks generally range from 3% to 7.50% depending on the investment period.
Bank Fixed Deposit Interest Rates in India: Before investing, it is important to compare the FD interest rates offered by different banks.
Bank fixed deposit interest rates: A popular investment choice, term deposits (FDs), also known as term deposits or term deposits, are appreciated for their low-risk nature. Investors can safely allocate surplus funds over a predetermined period of time and receive regular fixed interest payments throughout the period or at maturity.
The interest rates offered by various banks generally range from 3% to 7.50% depending on the investment period, with senior citizens often receiving an additional 0.5% interest rate.
However, before investing, it is essential to compare the term deposit interest rates offered by various banks. This article provides information about four banks offering FDs and their interest rates.
State Bank of India (Interest Rate on Deposits Below Rs 2 Crores)
SBI FD Fees: Customers investing in State Bank of India's fixed deposits (FDs) can expect interest rates in the range of 3-7%, while senior citizens can get an additional 50 bps. For FDs with a maturity of 1 year, an interest rate of 6.80% is provided, and for FDs with a maturity of 2 years or more but less than 3 years, an interest rate of 7% is provided.
Punjab National Bank (Interest Rate on Deposits Below Rs 2 Crores)
PNB FD Rates: PNB offers term deposit interest rates ranging from 3.50% to 7.50%. Specifically, in the case of a one-year maturity term deposit, the interest rate for general investors is 6.75%, but for senior citizens, the interest rate for one-year maturity is 7.25%, which is higher.
ICICI Bank (Interest Rate on Deposits Below Rs 5 Crores)
ICICI Bank FD Exchange Rates: As of June 27, 2024, the bank offers interest rates ranging from 3% to 7.50% for FD schemes. At the same time, senior citizens enjoy an additional interest of 0.5%, with interest rates ranging from 3.50% to 7.50% over various periods from 7 days to 10 years. In particular, for term deposits with a one-year maturity, an interest rate of 6.70% is provided to general customers.
HDFC Bank (Interest Rate on Deposits Below Rs 2 Crores)
HDFC Bank FD Interest Rates: HDFC Bank offers attractive interest rates on one-year fixed deposits, with retail investors earning 6.60% and senior citizens earning a higher interest rate of 7.10%. HDFC Bank also offers interest rates ranging from 3% to 7.75% to its regular customers depending on the maturity period.
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