FD is considered a better option in terms of investment, in which returns are guaranteed with a guarantee.
new Delhi. Even today when talking about investment, most people recommend FD ie Fixed Deposit. FD is considered a better option in terms of investment, in which returns are guaranteed with a guarantee. In this, you get higher returns than Saving Account. Let us know about the top 5 banks that give excellent interest.
State Bank of India
State Bank of India, the country’s largest bank, is getting 2.9% interest on FD for 7 to 45 days. At the same time, between 46 days to 179 days, 3.9 percent is offering interest. For 180 days to less than 1 year, FD gets 4.4 percent interest. Similarly, 4.9 per cent interest is paid on maturity period of 1 year to 2 years and 5.1 per cent interest in maturity period of 2 years or less than 3 years. For 3 years and less than 5 years, 5.3 percent interest is available. SBI is offering 5.4 percent interest for 5 years to 10 years. SBI is also providing an additional interest rate of 50bps to senior citizens. In this way, senior citizens can get 6.2 percent interest rate for 7 days to 10 years.
Punjab National Bank
Punjab National Bank gets 3% interest on FD for 7 to 45 days. Currently, the bank is paying 4.5 percent interest for less than a year. PNB is paying 5.20 percent interest for 1 to 3 years. For 5 to 10 years, the bank is paying interest on 5.25 percent FD.
Interest on FD in HDFC Bank is getting 2.50 percent interest for 7 to 29 days. For 30 to 90 days, 3 percent interest is being received on deposits. The bank is getting 3.5 percent interest on maturity of 91 days to 6 months and 4.4 percent for 91 days to 6 months. 4.90 per cent for 1 year to 2 years, 5.15 per cent for 2 years to 3 years, 5.30 per cent for 3-5 years and 5.50 per cent interest on bank FDs for 5 to 10 years.
Bank of baroda
Bank of Baroda is getting 2.80 percent interest on FD for 7 to 45 days. The bank is offering 3.70 percent interest for 46 to 180 days. For 181 to 270 days, 4.30 per cent for more than 271 days and for less than 1 year, the bank is paying 4.40 per cent interest. The bank is paying 5% interest on the maturity period of 1 year. For 1 year up to 2 years, 5 percent is paying interest. For 2 years to 3 years, 5.10 percent for 3 to 10 years, 5.25 percent bank is paying interest.
Canara Bank is getting 2.95% interest on FD for maturity between 7 and 45 days. The bank is offering 3.90 percent interest for 46 to 90 days. Similarly, interest is getting 4.45 per cent for less than 180 to 1 year. The bank is paying 5.25 percent interest on 1 year maturity. Above 1 year and less than 2 years, 5.20 percent and above 2 years and below 3 years are getting 5.40 percent interest. Above 3 years and for 10 years, the bank is offering 5.50 percent interest.