TOP BANKS WITH THE HIGHEST INTEREST RATES ON FIXED DEPOSITS
Published By Moushumi Mahanta | 06 Nov, 2024
When selecting a fixed deposit, compare interest rates across banks, as longer tenures generally offer higher rates, and new banks may provide more competitive options.
Credit : PIXABAY
Here are 7 banks with the highest fixed deposit interest rates:
Credit : PIXABAY
HDFC Bank
Offers a 7.40% interest rate on fixed deposits of 4 years 7 months to 55 months for regular depositors, with 7.90% for senior citizens as of July 24, 2024.
ICICI Bank
Offers a 7.25% interest rate for regular depositors and 7.8% for senior citizens on fixed deposits with a tenure of 15 to 18 months.
Kotak Mahindra Bank
Offers a 7.4% interest rate for regular depositors and 7.9% for senior citizens on fixed deposits with a tenure of 390 to 391 days, effective from June 14, 2024.
Federal Bank
Offers 7.4% interest for regular depositors and 7.9% for senior citizens on fixed deposits with a 777-day tenure, effective from October 16, 2024.
State Bank of India
Offers 7% interest for general citizens and 7.5% for senior citizens on fixed deposits with a 2-3 year tenure, effective from June 15, 2024.
Bank of Baroda
Offers 7.3% interest for general citizens and 7.8% for senior citizens on fixed deposits with a 400-day tenure, as per the rates announced on October 14, 2024.
Union Bank of India
Offers an interest rate of 7.3% on fixed deposits with a 456-day tenure for general citizens, while senior citizens receive an additional 50 basis points.