Bank FD Interest Rate: People earn good returns through fixed deposits (FDs) in banks. People prefer to invest in bank FDs to secure their future. By investing in a bank, you can earn strong returns without any hassles. Some are even offering bumper interest rates.
Finally, which banks are offering good returns on FDs? You can easily find out. If you are considering an FD, you can earn good returns without any hassles. Learn about the banks offering good returns on FDs in detail below. All your confusion will be resolved, so there will be no hassles.
State Bank of India Offers Strong Returns
In India, the State Bank of India also offers good interest rates on FDs for its customers. FDs offer an annual interest rate of approximately 3.05%. The bank offers approximately 0.50% more interest to senior citizens.
Additionally, the highest rates are available for certain specific categories, around 7.10%. One-year fixed deposits offer 6.25% for general customers and 6.75% for senior citizens.
Punjab National Bank is also offering strong interest rates.
Punjab National Bank is also offering interest rates ranging from 3% to 6.60% on fixed deposits. Interest rates for fixed deposits are up to 6.90% for some periods. One-year fixed deposits offer 6.25% for regular depositors and 6.75% for senior citizens.
Kotak Mahindra Bank is also offering high interest rates.
Kotak Mahindra Bank is also offering good interest rates for general and senior citizens on fixed deposits. Kotak Mahindra Bank is offering 2.75% to 6.70% for general citizens. Additionally, interest rates for senior citizens are reaching around 7.10%. Furthermore, on one-year FDs, regular depositors are typically offered 6.25% interest, and senior citizens 6.75% interest.
Benefits from RBL Bank
RBL Bank’s FD interest rates range from 3.50% to 7.80% for general customers. For senior citizens, this rate increases even further to 4-8.30%. Furthermore, Bank of Baroda offers FD rates ranging from 3.50% to 6.60% per annum for general customers and 4.00% to 7.10% per annum for senior citizens. On a standard one-year deposit, the rate is 6.25% for regular investors and 6.75% for senior citizens.
