Fixed deposits (FD), in recent years, become one of the safest forms of investment, especially in the time of the pandemic when people don’t feel like investing in other mediums like a mutual fund or ULIPs.
The fact that the fixed deposits are regulated by the Reserve Bank of India (RBI) make them worth putting your trust on. However, FD interest rates, as you maybe aware, vary from one bank to the other.
So if you are trying to find what bank offers the best internet rates on FD, then here is the list:
1. State Bank Of India
2. Punjab National Bank
3. HDFC Bank
Also Read: These Savings Bank Accounts Offer Higher Interest Rate Than Bank FD
4. ICICI Bank
5. Axis Bank
Also Read: These Banks Offer Best Interest Rate On 5-Year ‘Tax-Saving’ Fixed Deposit (FD)