Top Bank Fixed Deposit Schemes
| Bank | Less than 1 year | 1 year to 3 years | 3 years to 5 years |
|---|---|---|---|
| SBI | 5.25% to 6.25% | 6.00% to 6.25% | 6.25% |
| ICICI | 4.00% to 6.50% | 6.50% to 6.75% | 6.50% |
| Citibank | 3.00% to 5.00% | 5.00% | 5.00% to 5.25% |
| Axis Bank | 3.50% to 6.50% | 6.75% to 6.90% | 6.90% |
| HDFC Bank | 3.50% to 6.25% | 6.00% to 6.75% | 6.00% |
| Canara Bank | 4.20% to 6.35% | 6.20% to 6.50% | 6.00% |
| Punjab National Bank | 5.25% to 6.25% | 6.50% to 6.60% | 6.25% |
*Interest rates are subject to change and may be revised from time to time
*Higher interest rates will be offered to senior citizens
SBI FD rates
- SBI is one of the most reputed and well-established banks in India that fall under the top category
- The interest rate offered on SBI FDs range from 5.25% p.a. to 6.25% p.a.
- For deposits held for less than 1 year, the bank rate paid is 5.25% to 6.25%
- For an investment period that extends from 1 year to 3 years, the annual rate of return is 6.00% p.a to 6.25% p.a.
- A bank deposit rate of 6.25% p.a. is paid if the deposit is held for a period ranging from 3 years to 5 years
ICICI Bank FD rates
- ICICI is another top bank in India that offers competitive interest rates on all deposit schemes
- For a tenure of less than 1 year, the rate paid will vary anywhere between 4.00% p.a. to 6.50% p.a.
- Those who invest for 2 years, will be paid interest at the rate of 6.75% p.a.
- A tenure ranging between 1 year to 3 years will fetch you a deposit rate of around 6.50% p.a. to 6.75% p.a.
- All those who put in their money for 5 years will gain interest at the rate of 6.50% p.a.
Citibank FD rates
- An interest rate of 4.00% p.a. to 5.00% p.a. will be paid for any FDs that is held for a period of less than 1 year
- The highest rate of interest paid by Citibank is for an investment period of 1,096 days, where the rate of return is 5.25% p.a.
- From 151 days to 1,095 days, the rate of return that will be paid will be 5.00% p.a.
- All senior citizens will get an additional interest percentage
Axis Bank FD Rates
- As far as Axis Bank is concerned, the highest rate of return is paid for deposits that are held for a time period that ranges from 17 months to 10 years, where the annual percentage gain is 6.90% p.a.
- The second highest interest slab offered by Axis Bank is for deposits held from 1 year to less than 17 months
- The interest rates are applicable for deposits that are less than Rs.1 crore
- An interest rate of 6.50% p.a is paid for a tenure range of 9 months to less than a year
HDFC Bank FD rates
- The best deposit rate paid by HDFC Bank is 6.75% p.a for a tenure range of 1 year to 1 year to 3 days
- For a tenure range of 1 year to 3 years, the rate of return paid varies anywhere between 6.00% p.a. to 6.75% p.a.
- For those who make an investment for more than 2 years, the rate of return will be 6.00% p.a.
- The bank offers a wide range of tenure options
Canara Bank FD Rates
- For all term deposits of less than Rs.1 crore, the rate of interest offered by Canara Bank ranges from 4.20% p.a. to 6.50% p.a.
- The highest rate of interest is paid for a time period of 1 year, where the rate of return is 6.50% p.a.
- For a time period of more than 1 year to less than 2 years, the rate offered is 6.45% p.a.
- 5-year deposits will fetch investors an interest rate of 6.00% p.a.
Punjab National Bank FD Rates
- One of the other banks that offer competitive interest rates on term deposits is Punjab National Bank
- The highest rate of interest paid is for a time period of 1 year, where the deposit rate is 6.60% p.a.
