Compare up to 8.5% FD rates from top banks in June 2024! 🌟🤑

Comparing Fixed Deposit Interest Rates of Major Banks in India

If you are planning to invest in fixed deposits, understanding the current interest rates offered by various banks can help you make an informed decision. Banks in India often revise their fixed deposit interest rates, and it’s essential to stay updated with these changes. Let’s compare the fixed deposit interest rates of major banks like Yes Bank, SBI, HDFC Bank, ICICI Bank, Axis Bank, Canara Bank, and PNB to determine the best option for your investment.

Yes Bank Fixed Deposit Interest Rates

After the revision, regular citizens can avail of interest rates ranging from 3.25% to 8%, while senior citizens are offered rates between 3.75% and 8.50%.
The highest interest rate of 8% and 8.50% is offered on a tenure of 18 months.
The revised interest rates are effective from May 30, 2024.

SBI Fixed Deposit Interest Rates

SBI has hiked its fixed deposit interest rates by 75 basis points on deposits maturing between 46 days and 179 days.
For senior citizens, the bank has increased the interest rate on the same tenure.
The bank also raised the interest rate on the tenure of 180 days to 210 days for general citizens.
Overall, SBI has revised its FD rates to offer competitive returns to investors.

HDFC Bank Fixed Deposit Interest Rates

HDFC Bank offers interest rates between 3.5% to 7.25% on various tenures for general citizens.
The bank has recently hiked the interest rate on a specific tenure to attract more investors.
The revised FD rates are effective from February 9, 2024.

ICICI Bank Fixed Deposit Interest Rates

ICICI Bank offers competitive interest rates ranging from 3% to 7.2% on different tenures for general citizens.
For senior citizens, the bank provides slightly higher interest rates to enhance their returns.
The highest interest rate is offered for a specific tenure, making it an attractive option for investors.

Axis Bank Fixed Deposit Interest Rates

Axis Bank offers interest rates between 3% to 7.85% on various tenures for both general and senior citizens.
The bank strives to provide competitive FD rates to attract a wide range of investors.

Canara Bank Fixed Deposit Interest Rates

Canara Bank offers interest rates ranging from 4% to 7.75% on different tenures for both general and senior citizens.
The highest interest rate is provided for a specific tenure, making it a lucrative option for investors.
The revised rates are effective from February 19, 2024.

PNB Fixed Deposit Interest Rates

PNB provides competitive interest rates between 3.5% to 7.25% on various tenures for general citizens.
The bank offers an attractive interest rate for a specific tenure, making it a viable option for investors.
The revised rates are effective from April 12, 2024.

Hot Take: Choose Wisely for Maximum Returns on your Investment!

Now that you are aware of the current fixed deposit interest rates offered by major banks in India, make sure to assess your investment goals and choose a bank that aligns with your financial aspirations. Whether you prioritize security, liquidity, or higher returns, selecting the right bank for your fixed deposits can help you achieve your investment objectives effectively. Stay informed about the latest interest rate revisions and leverage this knowledge to make smart investment decisions for a prosperous financial future!