Interest rates

Top 4 banks offering attractive interest rates on FDs; Check details

HDFC Bank

If you are thinking of investing, now is the best time as some big banks have announced more interest on term deposits. Any individual (including rural Where farming community) can earn money by investing in bank term deposits.

Let us know in detail which bank is offering more interest on FD.

Banks with high interest rates on FDs

HDFC Bank Fixed Deposit Rate (FD)

The country’s largest private bank, HDFC Bank, has changed interest rates on term deposits. From now on, customers will be more interested in FDs in HDFC Bank. Customers only benefit from this interest from December 1, 2021.

HDFC Bank has announced an interest rate hike of up to 10 basis points.

  • 7 to 14 days – 2.50%

  • 15 to 29 days – 2.50%

  • 30 to 45 days – 3.00%

  • 46 to 60 days – 3.00%

  • 61 to 90 days – 3.00%

  • 91 days to 6 months – 3.50%

  • 6 months 1 day to 9 months – 4.40%

  • Duration of 1 year – 4.90%

  • 1 year 1 day to 2 years – 5.00%

  • 2 years 1 day to 3 years – 5.15%

  • 3 years 1 day to 5 years – 5.35%

  • 5 years 1 day to 10 years – 5.50%

HDFC Bank provides interest of 5.50% in normal condition & 6.25% if you are an elderly person doing FD for a period of 5 to 10 years.

ICICI Bank Fixed Deposit Rate (FD)

  • Attractive interest on the fixed deposit is available in ICICI Bank.

  • In ICICI Bank you can get interest of 4.90% on a fixed year Down payment, 5% on a two years Fixed deposit, 5.20% on a 3 years Fixed deposit, 5.40% interest on a 5 years Fixed deposit.

  • At the same time, if you make a Fixed Deposit in this bank for a period of 5 to 10 years, you will benefit from an interest rate of 5.60% under normal conditions & 6.30% in the case of the category senior.

SBI Bank Fixed Deposit Rate (FD)

  • The country’s largest public bank, SBI, also offers attractive interest on term deposits.

  • State Bank of India (SBI) FD for 1 to 2 years is an interest rate of 5% in normal condition & 5.50% in the case of the senior category.

  • By obtaining an FD for 2-3 years, under normal conditions 5.10% and the elderly receive 5.60% interest.

  • At the same time, if you make a Fixed Deposit in this bank for a period of 5 to 10 years, you will benefit from an interest rate of 5.40% under normal conditions & 6.20% if you belong to the category senior.

Axis Bank Fixed Deposit Rate (FD)

  • Attractive interest is also available on the fixed deposit in Axis Bank.

  • Axis Bank gives more interest than HDFC & ICICI Bank.

  • 25% interest over one year FD, 5.25% over two years FD, and 5.25% on 3 years FD, 5.75% interest on 5 years FD.