Fixed Deposit (FD) remains a popular choice for many customers in India looking for a safe way to invest their savings. It’s appealing because it offers guaranteed returns after a set period. For anyone considering putting money into a fixed deposit soon, it’s essential to stay updated on the latest interest rates offered by various banks, as these can significantly affect your overall returns.
Current Interest Rates from Major Banks
As of now, some of the largest banks in India like SBI, HDFC, and RBL are offering competitive interest rates on fixed deposits. For instance, the State Bank of India provides interest rates ranging from 3% to 7.10% for general customers, while senior citizens can earn slightly higher rates of 3.50% to 7.60%. Similarly, HDFC Bank offers rates between 3% and 7.25% for general customers, with senior citizens receiving 3.50% to 7.75%. Other banks like ICICI and IDBI also have attractive rates, making it crucial to compare options before investing.
Top Offers to Consider
If you’re aiming for the highest returns, some banks are offering rates up to 8.30%. For example, RBL Bank provides a range of 3.50% to 7.80% for general customers, with senior citizens getting up to 8.30%. Additionally, Kotak Mahindra Bank, Canara Bank, and Axis Bank have their own competitive rates, so it’s worth checking them out. Always remember to consider your financial goals and the duration of your investment when choosing a fixed deposit that works best for you.
SHOTRS COVERAGE.
Fixed Deposit (FD) remains a popular choice for Indian investors seeking safe, guaranteed returns. Major banks, including SBI, HDFC, and RBL, are offering interest rates up to 8.30% for FD. SBI provides rates from 3% to 7.10% for general customers and 3.50% to 7.60% for seniors. HDFC offers 3% to 7.25% and 3.50% to 7.75% respectively. RBL stands out with rates from 3.50% to 7.80% for general customers, reaching 8.30% for seniors, highlighting competitive options across the banking sector.
DelhiBreakings.com: You Are Reading Delhi-NCR Fastest Hyperlocal News Portal
Providing most accurate Delhi NCR, National and Stock Market, Automobile stuffs since 2014. Experience in Journalism with 12 Years and Awarded by 4 Journalism HONORS in career. Putting best effort to provide most reliable news point.
