AlSBI, HDFC, or Bank of Baroda: Which bank offers the best FD returns? Quickly check interest rates.

Fixed Deposit Interest Rate: Indian investors still repose their trust in fixed deposits, and banks also keep changing the interest rates from time to time, giving investors the opportunity to earn better returns.

Fixed Deposit Interest Rate: Fixed deposits (FDs) have always been a preferred investment option for Indian investors. At a time when uncertainty persists in the Indian stock market, FDs can prove to be a promising means of guaranteed and risk-free returns. Indian investors still place their trust in fixed deposits, and banks periodically adjust interest rates to provide investors with the opportunity to earn better returns.

Currently, major banks like State Bank of India (SBI), Punjab National Bank (PNB), ICICI Bank, HDFC Bank, and Bank of Baroda offer good interest rates on FDs to their customers. If you're considering a safe investment option, you can consider an FD with these five banks and take advantage of attractive interest rates.

Bank interest rates on FD

SBI Fixed Deposit Interest Rate: Talking about SBI FD interest rates, the bank is offering 3.05% to 6.60% for general citizens, 3.55% to 7.10% for senior citizens, the highest rate of 6.60% (general citizens) and 7.10% (senior citizens) to its customers on 444 days Amrit Vrishti Special FD.

Punjab National Bank Fixed Deposit Interest Rate: Punjab National Bank has fixed interest rates ranging from 3% to 6.60% for general citizens and 3.50% to 7.10% for senior citizens. On 390-day FDs, it offers 6.6% interest for general citizens and 7.10% for senior citizens.

ICICI Bank Fixed Deposit Interest Rate: If you open an FD with ICICI Bank, you can earn 2.75% to 6.60% interest on your deposit, while senior citizens can earn 3.25% to 7.1%. For FDs between 2 years 1 day and 10 years, the bank offers 6.6% interest for general citizens and 7.1% for senior citizens.

Bank of Baroda Fixed Deposit Interest Rate: Bank of Baroda offers 6.6 percent interest rates for general citizens and 7.10 percent for senior citizens on FDs with a term of 444 days. However, it offers interest rates ranging from 3.50 percent to 6.60 percent for general citizens and 4% to 7.10% for senior citizens.

HDFC Bank Fixed Deposit Interest Rate: HDFC Bank is also offering attractive FD interest rates to its customers. This private sector bank offers interest rates ranging from 2.75% to 6.60% for general citizens, while senior citizens can earn FDs ranging from 3.25% to 7.10%. HDFC Bank offers 6.6% for general citizens and 7.10% for senior citizens on short-term FDs ranging from 18 months to 21 months.

It is very easy to make an FD in the bank.

Opening an FD account with any public or private bank is very easy. You can visit your nearest bank branch to open an FD account, or you can open one from the comfort of your home using net banking or a mobile app. To do this, you must have a savings account with the relevant bank. If you already have a savings account with the bank, you can open your FD by filling in the form for the amount, term, and the name of the depositor.