Highest FD Rates: From SBI and ICICI to HDFC—Which Major Bank Is Offering the Highest Interest on FDs? Check the Latest Rates..
The stock market is in a dismal state today due to the ongoing conflict in the Middle East. Consequently, investors are feeling anxious. It is precisely during such times that safe investment options prove to be most valuable. Therefore, many experts believe that an optimal investment portfolio comprises a blend of both safe and riskier investment avenues.
Safe investment options, such as Fixed Deposits (FDs), carry no risk of capital loss or erosion. With a bank FD, you are assured of guaranteed returns. Today, we will highlight which of the major banks—such as SBI, PNB, and HDFC—is currently offering the highest returns on a 5-year Fixed Deposit.
Highest Returns on 5-Year FDs
Bank | Return on 5-Year FD
ICICI | 6.50%
Axis Bank | 6.45%
HDFC | 6.40%
Punjab National Bank | 6.10%
State Bank of India | 6.05%
Union Bank of India | 6.00%
Now, let's look at the returns currently being offered by Small Finance Banks on 5-year FDs.
Bank | Interest on 5-Year FD
AU Small Finance Bank | 6.75%
Equitas Small Finance Bank | 7.00%
ESAF Small Finance Bank | 5.75%
Jana Small Finance Bank | 7.77%
Shivalik Small Finance Bank | 6.25%
Slice Small Finance Bank | 7.00%
Suryoday Small Finance Bank | 7.90%
Ujjivan Small Finance Bank | 7.20%
Utkarsh Small Finance Bank | 7.00%
Among the major banks, ICICI is currently offering the highest interest rate on 5-year FDs. This bank is offering an interest rate of 6.50% on a 5-year Fixed Deposit. If an individual were to open two consecutive FDs—each for a tenure of 5 years—with this specific bank, they could potentially earn returns amounting to as much as 13%. Speaking of Small Finance Banks, Suryoday Small Finance Bank offers returns of up to 7.90% on a 5-year Fixed Deposit (FD). If you open two separate FDs—each for a tenure of 5 years—you will earn a total return of 15.8%.
Disclaimer: This content has been sourced and edited from Dainik Jagran. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
