Reserve Bank of India (RBI) Due to no change in the repo rate by the RBI, banks are paying high interest on fixed deposits (FD). In recent times, many banks have changed the interest rate on FD. These include HDFC Bank, ICICI Bank, Canara Bank, PNB Yes Bank and many other big banks. Let us know which bank is paying the highest interest on FD in the month of July. By comparing the interest rate, you will be able to get more returns on FD.
SBI FD Interest Rates
SBI is offering interest on FDs ranging from 3.50% to 7.10% for general citizens. At the same time, for senior citizens, it is offering interest rates between 4% to 7.60%. According to the SBI website, the special period plan of “400 days” (Amrit Kalash) is getting interest at the rate of 7.10%. This scheme will be valid till 30 September 2024.
Interest Rates on FD in ICICI Bank
ICICI Bank is offering interest rates on FDs between 3% to 7.20% for general citizens and 3.50% to 7.75% for senior citizens. The highest interest rates of 7.75% and 7.20% are being offered for tenures of less than 15 months to 18 months.
HDFC Bank FD Interest Rates
HDFC Bank is offering interest rates on FDs between 3% to 7.25% for general citizens and 3.50% to 7.75% for senior citizens. The highest interest rates of 7.25% and 7.75% are being offered for tenures of 18 months to 21 months.
Interest Rates on FD in Canara Bank
Canara Bank is offering interest rates ranging from 4 per cent to 7.25 per cent to general public and 4 per cent to 7.75 per cent to senior citizens on FDs maturing in 7 days to 10 years. The highest interest rates of 7.25% and 7.75% are offered on FDs with tenures up to 444 days.
Interest Rates on FD in PNB
Punjab National Bank is offering interest on FDs between 3.50% to 7.25% to general citizens and 4% to 7.75% to senior citizens. The highest interest rates of 7.25% and 7.75% are being offered for a tenure of 400 days.
Yes Bank FD Interest Rates
Yes Bank is offering interest rates between 3.25% to 8% to general citizens and 3.75% to 8.50% to senior citizens. The highest interest rates of 8% and 8.50% are being offered for a tenure of 18 months.
Latest Business News
