Highest FD Rates: Amid stock market volatility due to the Middle East war, safe investment options are crucial. We’ve compared the interest rates offered by various banks on 5-year FDs. Among major banks, ICICI Bank leads with a rate of 6.50%, while among small finance banks, Suryoday Small Finance Bank offers the highest rate of 7.90%. This will help investors choose the best option for safe returns.
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Highest FD Rates: The stock market is currently in a bad shape due to the ongoing war in the Middle East. Investors are nervous. It’s during these times that safe investment options are most useful. Therefore, many experts believe that a good portfolio is one that combines both safe and unsecured investment options.
Safe investment options like fixed deposits don’t carry the risk of losing money or losing money. Bank fixed deposits offer guaranteed returns. Today, we’ll tell you which banks, like SBI, PNB, and HDFC, are offering the highest returns on 5-year fixed deposits.
Highest returns on 5-year fixed deposits
| Bank | Return on 5-year FD |
| ICICI | 6.50% |
| Axis Bank | 6.45% |
| HDFC | 6.40% |
| Punjab National Bank | 6.10% |
| State Bank of India | 6.05% |
| Union Bank of India | 6.00% |
Now let us know how much return small finance banks are giving on 5 year FD.
| Bank | Interest on 5 year FD |
| AU Small Finance Bank | 6.75 |
| Equitas Small Finance Bank | 7.00 |
| ESAF Small Finance Bank | 5.75 |
| Jana Small Finance Bank | 7.77 |
| Shivalik Small Finance Bank | 6.25 |
| Slice Small Finance Bank | 7.00 |
| Suryoday Small Finance Bank | 7.90 |
| Ujjivan Small Finance Bank | 7.20 |
| Utkarsh Small Finance Bank | 7.00 |
Among the major banks, ICICI Bank offers the highest interest rate on 5-year FDs. This bank offers 6.50% interest on 5-year FDs. If a person makes two FDs with this bank for 5 years each, they can earn up to 13% returns.
Speaking of small finance banks, Suryadaya Small Finance Bank offers a 5-year FD of up to 7.90%. If you invest twice with 5-year FDs, you’ll earn a 15.8% return.
