Bank Fixed Deposit Rates: compare returns provided by top banks here

FD Interest Rate:

There are top banks in India that are currently providing a large range of maturity options for fixed deposits, which is starting from 7 days. The country’s largest lender by assets, one of the examples is State Bank of India provides eight maturity options with the longest one which is being from 5 years to 10 years.

With the effect of this from 27th May, the lender provides an interest rate of 2.9 – 5.4 percent on fixed deposits to the general public and for senior citizens, it is 3.4 – 6.2 percent. Retail fixed deposits are term deposits in which a lump sum amount up to 2 crores is locked in for a fixed period of time which is for five years. 

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Update by Bidisha Roy Choudhury

News Source: NDTV Profit