Which Bank Is Best For Fixed Deposit? (Perfect answer)

Fixed Deposit Interest Rates

Bank name Tenure Interest rate (%) per annum
Kotak Mahindra Bank 181 to 363 days 6.5
SBI 180 to 210 days 6.35
Axis Bank 6 months to 8 months 29 days 6.25
ICICI Bank 61 days to 184 days 6

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Which bank has the highest interest rate for fixed deposit?

  • Which Bank has Highest Fixed Deposit Rate? The highest interest rate is by Sing Investments and Finance which offers an interest rate of 0.65% p.a. for 18 months tenure and funds of $10,000 and above.

Which bank is best for FD 2020?

List of 10 best FD schemes for 3 years

  • Shriram City.
  • Mahindra Finance.
  • Sundaram Finance.
  • LVB.
  • Equitas Small Finance Bank.
  • Yes Bank.
  • Canara Bank.
  • Punjab and Sind Bank. The rate of interest paid on Punjab and Sind Bank FDs for a 3-year tenure is 5.30% p.a.

Is Post Office FD safe?

Guaranteed Returns: As a government backed savings scheme, the post office fixed deposit is one of the safest option of investment and offers guaranteed return. Considerable Interest Rate: The post office fixed deposit offers an interest rate of 6.7%.

Which SBI FD is best?

Q6. What is the highest FD rate for SBI? Ans:. The highest FD interest for SBI is 6.75% for regular accounts and 7.25% for Senior Citizens, only for the Fixed Deposits with tenure of minimum 5 years.

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Can I get monthly interest on FD?

Can we get monthly interest on a fixed deposit? Yes, you can get monthly interest payouts if you choose periodic payouts and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, obtained periodically.

What is FD interest rate in HDFC?

The interest rate on fixed deposits for tenure 1 year to less than 2 years has been increased to 5.1 per cent from 5.0 per cent. The new rate is effective from January 15, 2022. 5

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