Bank FD Interest Rates: Indian investors like schemes that provide safe investment and better returns. Bank FD is one of them. By depositing lump sum amount in bank FD, investors earn fixed returns and their money also remains safe. If you are also planning to invest your money in bank FD, then you must get information about the interest rates of different banks.
Also, the monetary policy meeting of RBI is going to start from today, December 3. In which decision regarding repo rate will be taken. This decision may also affect your FD interest rates. Therefore, before investing, you should take a decision only after getting information about the interest rates of different banks.
1. FD in State Bank of India
The country’s largest government bank SBI is offering different interest rates on fixed deposits to its customers according to the tenure. 6.25 percent interest is available on one year FD, while the rate on two year period is 6.45 percent. The interest rate on three and four year FD is 6.30 percent and on choosing 5 year FD, the interest rate is 6.05 percent.
2. FD in ICICI Bank
According to the current FD interest rates of ICICI Bank, 6.25 percent interest is available on 1 year FD, while the rate on 2 year deposit is 6.40 percent. The bank is offering 6.60 percent return on FD of 3, 4 and 5 years.
3. FD in HDFC Bank
HDFC Bank is offering 6.25 percent interest on 1 year FD to its customers. The bank is giving 6.45 percent return on deposits of 2 and 3 years. Whereas for FD of 4 and 5 years the interest rate is available at 6.40 percent.
Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)
Also read: Never take personal loan for these purposes, otherwise your financial health may deteriorate.
