Last Updated:
Interest charges supplied by varied banks usually vary from 3% to 7.50%, relying on the funding tenure.
Check Bank FD Rates In 2024
Bank Fixed Deposit Rates 2024: Fixed Deposits (FDs), also referred to as time or time period deposits, are a trusted funding choice as a result of their low-risk nature. With FDs, you may securely park your further funds for a predetermined interval, incomes assured curiosity—both periodically or at maturity.
Interest charges for FDs usually vary from 3% to eight%, relying on the period of the deposit. Senior residents usually take pleasure in an added benefit with an extra 0.5% rate of interest.
Before committing your funds, it’s essential to check the rates of interest supplied by varied banks to make sure you’re getting one of the best return in your funding. In this text, we’ll discover the FD rates of interest supplied by 4 prime banks that will help you make an knowledgeable determination.
Fixed Deposit Rates Comparison In India
State Bank of India (Rates on deposits of lower than Rs 3 Crores)
SBI FD Rates: If you put money into Fixed Deposits (FDs) with the State Bank of India, you may count on rates of interest between 3.50% and seven.50%. Senior residents obtain an additional 0.50%. The financial institution presents a 6.80% rate of interest for FDs maturing in a single yr and a 7% charge for tenures starting from two years to simply below three years.
Punjab National Bank (Rates on deposits of lower than Rs 3 Crores)
PNB FD Rates: Punjab National Bank presents mounted deposit rates of interest starting from 3.50% to eight.05%. For one-year mounted deposits, common buyers earn 6.80%, whereas senior residents take pleasure in a better charge of seven.30%.
ICICI Bank (Rates on deposits of lower than Rs 5 Crores)
ICICI Bank FD Rates: ICICI Bank presents rates of interest between 3% and seven.80% on its mounted deposit schemes. Senior residents obtain an extra 0.5%, bringing their charges from 3.50% to 7.80% throughout varied tenures, from 7 days to 10 years. For one-year mounted deposits, basic clients are supplied an rate of interest of 6.70%. Senior residents get 7.20% curiosity for a similar interval.
HDFC Bank (Rates on deposits of lower than Rs 3 Crores)
HDFC Bank FD Rates: HDFC Bank presents aggressive rates of interest for one-year mounted deposits, with common buyers incomes 6.60% and senior residents getting a better charge of seven.10%. The financial institution gives rates of interest starting from 3% to 7.90% for purchasers, relying on the maturity interval.
Disclaimer: The views and funding suggestions by specialists on this News18.com report are their very own and never these of the web site or its administration. Readers are suggested to examine with licensed specialists earlier than making any funding choices.
