Indian investors are particularly interested in schemes that offer safe investments and high returns. If you’re planning to invest in fixed deposits, you should check the interest rates offered by various banks…
Bank FD Interest Rates: Indian investors are very fond of schemes that offer safe investments and high returns. Bank FDs are one of them. By depositing a lump sum in a bank FD, investors earn fixed returns and their money is safe. If you are planning to invest your money in a bank FD, you should definitely review the interest rates of various banks.
The RBI’s monetary policy meeting is scheduled to begin today, December 3rd, where a decision will be made regarding the repo rate. This decision may also impact your FD interest rates. Therefore, before investing, you should review the interest rates of different banks before making a decision.
1. FD with State Bank of India
SBI, the country’s largest public sector bank, offers its customers different interest rates on fixed deposits depending on the tenure. One-year FDs earn 6.25 percent, while two-year FDs earn 6.45 percent. Three- and four-year FDs earn 6.30 percent, and a 5-year FD earns 6.05 percent.
2. FD with ICICI Bank
According to ICICI Bank’s current FD interest rates, one-year FDs earn 6.25 percent, while two-year deposits earn 6.40 percent. The bank offers 6.60 percent returns on 3-, 4-, and 5-year FDs.
3. FD with HDFC Bank
HDFC Bank offers its customers 6.25 percent interest on one-year FDs. The bank is offering a return of 6.45% on 2- and 3-year deposits. The interest rate for 4- and 5-year FDs is available at 6.40%.
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