Opportunity to earn up to 8.30% interest on FDs! Find out which banks are offering the highest interest rates on deposits.

Bank FD Interest Rate: Fixed deposits (FDs) are considered a safe investment option. This year, the public sector, private sector, and small finance banks are offering significantly different interest rates.

Bank FD Interest Rate: Bank FDs are a great way to invest and secure your future. You can earn a substantial income from bank FD interest. However, it's important to know which bank offers the best interest rate on FDs. Banks change interest rates periodically based on rate cycles and liquidity, so it's crucial to have accurate information. This year, public sector, private sector, and small finance banks are offering significantly different interest rates. Let's take a look at these to help you achieve good returns if you're considering an FD.

State Bank of India

State Bank of India currently offers annual interest rates ranging from 3.05% to 6.60% on fixed deposits for general customers. The bank offers approximately 0.50% higher interest rates for senior citizens. The highest rate for certain deposit buckets is around 7.10%. On one-year fixed deposits, general customers receive 6.25% interest, and senior citizens receive 6.75% interest.

Punjab National Bank (PNB)

Punjab National Bank offers interest rates ranging from 3.00% to 6.60% on fixed deposits for general customers, with senior citizens receiving up to 6.90% for a limited period. On one-year fixed deposits, regular depositors receive 6.25% interest, and senior citizens receive 6.75% interest.

Kotak Mahindra Bank

Kotak Mahindra Bank offers FD rates ranging from 2.75% to 6.70% for general customers. For senior citizens, the rate goes up to approximately 7.10%. Typically, one-year FDs offer 6.25% interest to regular depositors and 6.75% interest to senior citizens.

RBL Bank

RBL Bank's FD interest rates for general customers range from 3.50% to 7.80%. For senior citizens, the rate increases even further to 4-8.30%.

Bank of Baroda

Bank of Baroda currently offers FD rates ranging from 3.50% to 6.60% for general customers and 4.00% to 7.10% for senior citizens. The rate on a one-year standard deposit is 6.25% for regular investors and 6.75% for senior citizens.

HDFC Bank

FD interest rates for regular customers at HDFC Bank range from 2.75% to 6.60%, while senior citizens can earn up to 7.10% at certain times. For one-year maturity, regular depositors typically earn 6.25% and senior citizens 6.75%.

ICICI Bank

FD interest rates for general customers at ICICI Bank range from 2.75% to 6.60% per annum, and for senior citizens, it ranges from 3.25% to 7.10%. For deposits with a tenure of less than 1 year to 18 months, the FD rate is 6.25% for regular depositors and 6.75% for senior citizens.

DCB Bank

DCB Bank offers interest rates ranging from 3.75% to approximately 7.20% for general customers. For senior citizens, the rate is 4.00% to approximately 7.70% per annum. For deposits of approximately one year, rates typically range from 6.90% to 7.00% for regular customers and 7.15% to 7.50% for senior citizens.