Fixed Deposit Interest Rate: Who is paying the highest interest on FD among SBI, HDFC Bank, and ICICI, check the list here..
Recently, there have been significant changes in the Fixed Deposit interest rates offered by various major banks, and it is important for individuals looking to invest in FDs to stay updated on these changes. Being well-informed is essential to deciding where to allocate your funds. Below, we provide details about the most recent FD interest rates offered by major banks such as SBI, HDFC Bank, ICICI Bank, and PNB for July. By analyzing and comparing these rates, you can identify the option that best matches your financial objectives and requirements.
HDFC Bank
HDFC Bank has announced a new range of interest rates for its customers, ranging from 3% to 7.25% for general citizens and 3.50% to 7.75% for senior citizens. The highest interest rates of 7.25% and 7.75% are available exclusively for tenures ranging from 18 months to 21 months. These revised rates came into effect on July 5, 2024.
SBI Bank
SBI is currently offering a variety of interest rates for both general citizens and senior citizens. For general citizens, the rates range from 3.50% to 7.10%, while senior citizens can avail of rates ranging from 4% to 7.60%. One of the special period schemes, the 400-day (Amrit Kalash) scheme has an interest rate of 7.10% for general citizens and 7.60% for senior citizens from April 12, 2023. This scheme will be valid till September 30, 2024. The revised rates, which came into effect on June 15, 2024, offer attractive options for those who want to invest their savings.
ICICI Bank
ICICI Bank offers attractive interest rates for both the general public and senior citizens. Regular customers can enjoy interest rates ranging from 3% to 7.20%, while senior citizens are eligible for rates ranging from 3.50% to 7.75%. The highest interest rates of 7.75% and 7.20% can be availed for deposits with tenures less than 15 to 18 months. These revised rates will be effective from July 5, 2024.
PNB Bank
PNB is offering a variety of interest rates for its customers, with interest rates ranging from 3.50% to 7.25% for the general public and 4% to 7.75% for senior citizens. The most attractive rates of 7.25% and 7.75% are reserved for 400-day FDs. These revised rates will be effective from June 10, 2024.
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