FD Interest Rates: Investing in these 7 banks will yield significant returns; make your investment decision based on the list...

Even though the market today offers numerous investment options, most people choose fixed deposits (FDs) for a safe and fixed interest rate. FDs are considered a low-risk option, especially for investors who want to stay out of market fluctuations. However, it's always beneficial to compare interest rates from different banks before investing a large sum.

While FD interest rates generally don't vary significantly between banks, even a small difference of just 0.50% (50 basis points) can significantly increase your earnings in the long run.

For example:

Suppose you make an FD of ₹10 lakh for three years and earn 0.50% more interest, your earnings could increase by ₹15,000. Additionally, if the same amount is ₹20 lakh, your additional benefit could be up to ₹30,000. Therefore, before choosing a long-term FD, be sure to check the interest rates. Let's explore the 7 banks with the highest FD interest rates.

These 7 banks in India have the highest FD rates.
1. HDFC Bank
3-year FD: 6.45% (ordinary citizens)
For senior citizens: 6.95%
The bank offers the highest interest on FDs with 18–21-month tenures.

2. ICICI Bank
On 3-year FDs: 6.6% (ordinary citizens)
7.2% (senior citizens)

3. Kotak Mahindra Bank
On 3-year FDs: 6.4% (ordinary citizens), 6.9% (senior citizens)
The bank's highest rates on FDs from 391 days to 2 years: 6.7% and 7.2%

4. Federal Bank
On 3-year FDs: 6.7% (ordinary citizens)
7.2% (senior citizens)
These are the banks with the highest interest rates

Government Banks
5. State Bank of India (SBI)
On 3-year FDs: 6.3% (ordinary citizens)
6.8% (senior citizens)
Highest rates on 2–3-year FDs: 6.45% and 6.95%

6. Canara Bank
On 3-year FDs: 6.25% (ordinary citizens)
6.75% (Senior Citizens)
Highest: 6.5% and 7% on FDs of 444 days

7. Union Bank of India
On FDs of 3 years: 6.6% (Ordinary Citizens)
7.1% (Senior Citizens)

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