Fixed Deposit: Since the increase in repo rate by RBI last year, many banks have increased the rate of FD. Some banks are giving interest of up to 7.50 percent to the people on FD. If you are also going to invest in fixed deposits, then know how much interest the country’s top banks are offering you. These banks include SBI, ICICI and HDFC Bank. These banks are giving good interest on investment of less than 2 crores.
HDFC Bank latest FD rates
On FDs of seven to 29 days, the interest is 3 percent for common citizens and 3.50 percent for senior citizens. On FDs of 30 to 45 days, 3.50 percent interest is being given to common people and 4 percent interest to senior citizens. At the same time, the highest interest is being given on tenure between 15 months to 10 years. This FD rate is up to 7 percent for common citizens and 7.75 percent for senior citizens.
ICICI Bank FD Rate
This private sector bank is giving the lowest interest on tenure of 7 to 29 days, which is 3% for common citizens and 3.50% for senior citizens. At the same time, the maximum interest is for 15 months to 10 years. This interest rate ranges from 7 percent to 7.50 percent. Apart from this, the interest on FD of 390 days is 6.60 per cent.
SBI Bank Fixed Deposit Rate
If you want to invest in SBI, then tell that this bank gives the lowest tenure i.e. 3% interest on FDs of 7 days to 45 days for the general public and 3.50% interest on fixed deposits for senior citizens. Apart from this, this bank gives 6.25 percent interest to common citizens and 7.25 percent interest to senior citizens for the maximum time i.e. from 5 years to 10 years tenure.