Who is giving the highest interest on FD among SBI, HDFC, ICICI and Axis Bank, check the interest rates of 6 banks
Often people choose FD first to invest because it is considered to be the safest and best return option, let us tell you today through this article which among HDFC, ICICI, SBI and Axis Bank offers FD. Is giving highest interest, let's check the list in the news.
HR Mandi Bhav News, Digital Desk - Recently RBI has not made any change in its policy interest rates . Because of which fixed deposits have once again become the center of attraction. Recently, the country's largest private lender HDFC Bank has increased its FD interest rates.
However, in case of fixed deposit, every investor should analyze the interest rates of several banks. After that, you should invest in the bank which is getting the highest returns. Today we have brought before you the list of FD interest rates of about 6 banks . So that we can know which bank is giving how much return.
Which bank is giving the highest return on one year FD?
HDFC Bank: On one year FD, it is giving 6.60 percent return to regular customers and 7.10 percent return to senior citizens . Interest rate on FD of 15 months to 18 months is 7.10 percent.
The bank is giving 7.25 percent interest on FD of 18-21 months. The bank is giving 7 percent interest on FD between 21 months to 2 years and 11 months.
The interest rate on FD between 2 years 11 months to 35 months is 7.15 percent. The new rates have come into effect from February 9.
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ICICI Bank: ICICI Bank gives 7.40 percent interest on one year FD. This return on FD between 390 days to 15 months is 7.30 percent.
The annual return on FD of 15 months to 2 years is 7.05 percent. The bank gives 7 percent interest on FD with a tenure of more than 2 years. The new rates came into effect from February 8, 2024.
State Bank of India: SBI, the country's largest government bank, is giving a return of 6.80 percent on one year FD. The return on FD of 2 to 3 years is 7 percent and the return on FD of 3 to 5 years is 6.75 percent. The return on FD of more than 5 years is 6.5 percent. The new rates are applicable from December 27, 2023.
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Axis Bank: Axis Bank is giving 6.7 percent return on one year FD of less than Rs 2 crore. The return on 2 year FD is 7.10 percent.
7.10 percent interest is available on 3 year FD and 7 percent interest on 5 year FD. These rates came into effect from 5 February 2024.
Kotak Mahindra Bank: Kotak Mahindra Bank gives 7.10 percent interest on one year FD. The return on FD of 2 years is 7.15 percent and the return on FD of 3 or 4 years is 7 percent. The return on 5 year FD is 6.20 percent.
Bank of Baroda : The bank is giving 6.85 percent return on FD between 1-2 years. The return on FD of 2-3 years is 7.25 percent. The bank is giving 6.5 percent interest on 4 year FD.