FD Rates Compared For Major Banks
All of us plan our portfolio strategies based on a variety of investment options that also includes FD rates. Fixed Deposits offer high returns with zero risk investment plan. It is the most favoured investment option which every class whether economic or business, everyone can afford. Interest rates offered on FDs vary from bank to bank depending upon the tenure plan investors chose.
However, before choosing a financial institution to invest in, investors should compare and analyse the FD rates first to get the most benefit. Major banks like HDFC, ICICI, BOB, SBI, Kotak etc. have increased their interest rates on FDs. So, check, get updated and compare yourself with our list.
SBI FD Rates
India’s largest public sector bank ‘The State Bank of India’ has lucrative interest rates to attract investors. The bank is offering interest rates ranging from 2.9 per cent to 5.5 per cent for the tenure plans ranging from seven days to ten years. Plus for the senior citizens, interest rates are slightly higher by 50 basis points.
HDFC Bank FD Rates
HDFC bank is one of the largest private sector banks operating under RBI. This financial institution has recently revised its interest rates on FDs worth less than ₹2 Cr of various tenures. The bank is offering interest rates ranging between 2.50 to 5.60 per cent FDs having the tenures between 7 days to 10 years.
FD Rates For ICICI Bank
ICICI is another major commercial bank in India which is offering interest rates ranging between 2.50 to 5.60 per cent for the various tenures starting from 7 days to 10 days.
Kotak Mahindra Bank Rates
Kotak Mahindra Bank has also revised the FD interest rates recently for deposits worth less than ₹2 Cr. Offered interest rates for the tenures of 7 days to 10 days range between 2.50 to 5.60 per cent.
BOB Interest Rate
For the deposits worth less than ₹2 Cr public sector bank BOB has recently revised its interest rates on FDs having a maturity period between 7 days to 10 years. Interest rates will vary from 2.80 to 5.55 per cent depending upon the selected tenure.