© Khumaer.us
Last Updated:February 24, 2025, 07:00 IST
To maximise returns, it is crucial to compare interest rates from different banks before committing to an FD.
FD interest rates.
FD Interest Rate Comparison: Amidst a volatile stock market failing to provide expected returns, investors are turning their attention back to the security of Fixed Deposits (FDs). FDs offer a fixed interest rate over a predetermined period, making them a reliable investment tool for those seeking a fixed income and the return of their entire corpus upon maturity.
Banks, catering to diverse customer needs, offer FDs with varying tenures and interest rates.
To maximise returns, it is crucial to compare interest rates from different banks before committing to an FD. Generally, longer-term deposits attract higher interest rates, and even a marginal difference in rates can significantly impact long-term earnings.
Below are the highest FD interest rate tenures offered by six leading banks:
HDFC Bank: Offers 7.25 percent interest to general citizens and 7.77 percent to senior citizens on FDs maturing in 18 to 21 months.
ICICI Bank: Provides 7.25 percent interest for general citizens and 7.85 percent for senior citizens on FDs with a 15-18 month maturity.
Kotak Mahindra Bank: Offers attractive rates of 7.4 percent for general citizens and 7.9 percent for senior citizens on FDs with a tenure of 390-391 days.
Federal Bank: Offers 7.5 percent interest to general depositors and 8 percent to senior citizens on FDs maturing in 444 days.
Bank of Baroda: This leading state lender provides 7.15 percent interest to general depositors and 7.65 percent to senior citizens on FDs with a 2-3 year tenure.
Union Bank of India: Another prominent state lender, offers 7.3 percent interest to general citizens and 7.8 percent to senior citizens on 456-day FDs.
| Bank | Interest Rate (General) | Interest Rate (Senior Citizens) | Tenure |
| HDFC Bank | 7.25 | 7.77 | 18 to 21 months |
| ICICI Bank | 7.25 | 7.85 | 15-18 months |
| Kotak Mahindra Bank | 7.4 | 7.9 | 390-391 days |
| Federal Bank | 7.5 | 8 | 444 days |
| Bank of Baroda | 7.15 | 7.65 | 2-3 years |
| Union Bank of India | 7.3 | 7.8 | 456 days |
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
