FD Interest Rates – Who does not want to invest in a secure option? FDs are often preferred as one of the best investment options for senior citizens. ICICI Bank, SBI, HDFC Bank, Kotak Mahindra Bank and others give interest to senior citizens. In this article, we are going to discuss about the highest FD Interest Rates.
Check out the details of banks with highest FD Interest Rates.
In line with the repo rate of the RBI, the public and private banks of the country have increased the interest on their fixed deposits. Even in the era of share market and mutual fund, banks are the first choice of one time investment of all. Along with this, the question arises in everyone’s mind that if you deposit money in any bank or financial institution, you will get more interest.
1) Kotak Mahindra Bank:-
The new FD Interest Rates were announced by this bank from 15. 12. 2022. In case of fixed deposits below Rs.2crore, it has been increased from 7.25% to 7.50%. This interest is for common citizens. Senior citizens will get 0.05% interest higher.
2) HDFC Bank:-
Housing Development Financial Corporation has changed their fixed deposit interest rates. Common citizens India will get up to 7% interest. Besides, all citizens above 60 years are going to get interest up to 7.75%.
3) ICICI Bank:-
Industrial Credit And Investment Corporation Of India has announced an interest rate of 7% for their customers and up to 7.75% for senior customers for long term.
4. State Bank of India:-
SBI FD Interest Rates, like all other banks, the interest rate has been charged up to 7% for general citizens and 7.25% for above 60 or retired.
5. Punjab National Bank:-
In case of PNB, this interest rate is going to be 7% for citizens below 60 years of age. The FD Interest Rates is 7.25% for all above 60 years of age.
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Written and edited by Rajeshwari.