Banks in India offer one-year fixed deposit rates with Kotak Mahindra leading the pack for general citizens and senior citizens. Other banks, such as HDFC, ICICI, and SBI, provide competitive rates as well.
Here is the list of 7 banks along with Interest Rates they offer
HDFC Bank
Offers 6.60% for general citizens and 7.10% for senior citizens, effective from July 24, 2024.
Federal Bank
Offers 6.80% for general citizens and 7.30% for senior citizens, effective from September 16, 2024.
Punjab National Bank(PNB)
Provides 6.80% for general citizens and 7.30% for senior citizens, effective from October 1, 2024.
ICICI Bank
Provides 6.70% for general citizens and 7.20% for senior citizens.
Kotak Mahindra Bank
Offers 7.10% for general citizens and 7.60% for senior citizens, effective from June 14, 2024.
State Bank of India
Provides 6.80% for general citizens and 7.30% for senior citizens, effective from June 15, 2024.
Bank of Baroda
Offers 6.85% for general citizens and 7.35% for senior citizens, effective from October 3, 2024.