The biggest way of saving money is through fixed deposits. Some of the top banks in the country offer very good fixed deposit schemes. Each bank decides its own policy for giving interest on fixed deposits. The rate of interest also changes depending on the time and type of investment.
Now, let’s see how you can get good interest on fixed deposits from the seven biggest banks in the country. There is also a one-time tax benefit scheme for both ordinary and senior citizens.
Leading Banks Offering the Top Fixed Deposit Interest Rates
HDFC Bank, which is the largest private bank in the country, provides a fixed deposit interest rate of 6.25% for general customers and 6.75% for senior citizens.
ICICI Bank provides FDs with 6.25% interest rates for general customers and 6.75% for senior customers.
Federal Bank provides 6.25% interest rates for general customers and 6.75% for senior customers.
The State Bank of India, which is the largest government bank in the country, provides a fixed deposit interest rate of 6.25% for general customers and 6.75% for senior citizens.
Union Bank, which is one of the leading government banks in the country, provides an interest rate of 6.40% for general customers and 6.90% for senior citizens.
Canara Bank gives FDs 6.25% rates for general customers and 6.75% for senior customers.
