Best FD interest rates: Comparison of highest and lowest fixed deposit rates of top 10 banks

economictimes.indiatimes.com:

interest rate is predetermined and is based on how long you choose to keep the deposit. The returns on an FD are fixed when the account is opened, unlike market-led investments, where returns change over time. You will continue to earn the interest set at the beginning even if interest rates decline after you open a fixed deposit. The interest rate and type of deposit you select will determine our return on an FD. You can choose between receiving interest payments on a monthly or quarterly basis or reinvesting them to take advantage of compounding.

Also read: Should FD investors wait or book their FDs now as RBI holds repo rate?

Here are top banks are their highest and lowest rate offered to senior and general citizens for tenure ranging from 7 days to 10 years.

HDFC Bank FD interest rates

HDFC Bank offers an interest rate between 3% to 7.25% for general citizens and 3.5% to 7.75% for senior citizens for tenure ranging from 7 days to 10 years. These rates are effective from May 29, 2023.

Bank of Baroda FD interest rates

Bank of Baroda offers an interest rate between 3% to 7.25% for general citizens and 3.5% to 7.75% for senior citizens for tenure ranging from 7 days to 10 years. These rates are effective from May 12, 2023.

SBI FD rates

SBI offers an interest rate between 3% to 7.10% for general citizens and 3.5% to 7.60% for senior citizens for tenure ranging from 7 days to 10 years. These rates are effective from February 15, 2023.

FD interest rates peak: Which is the best tenure for fixed deposit to book now after RBI holds repo rate

Canara Bank FD interest rates

Canara Bank offers an interest rate between 4% to 7.25% for general citizens and 4% to 7.75% for senior citizens for tenure ranging from 7 days to 10 years.