New Delhi: Indian Bank has recently hiked Fixed Deposit (FD) interest rate by 80 basis points. This public sector bank increased interest rate on tenure above 1 year to less than 2 years. Now general citizens will earn an interest of 7.10 percent on this tenure instead of 6.30 percent. There are a lot of other banks offering high returns on FD schemes. Let’s take a look on interest rate offered by top banks like SBI, PNB, HDFC Bank, ICICI Bank and Bank of Baroda for one to two years of FD tenure.
Axis Bank
Axis Bank is offering an interest rate of 7.20 percent to general citizens on a tenure of 17 months to less than 21 months.
Axis Bank is providing 6.70 percent interest rate on 1-year FD
On its 2-year FD, investors can earn an interest rate of 7.10 percent
HDFC Bank
HDFC Bank is offering 7.25 percent interest rate on a tenure of 18 to less than 21 months.
HDFC Bank is offering 6.60 percent interest rate on a tenure of 1-year FD
ICICI Bank
ICICI Bank is offering an interest rate of 7.20 percent on a tenure of 15 months to 2 years
On ICICI Bank’s 1-year FD, investors can earn 6.70 percent interest.
PNB FD rates
Punjab National Bank is offering 7.25 percent interest rate on its 400-day FD
Punjab National Bank is offering 6.75 percent interest rate on 1-year FD
SBI FD interest rates
State Bank of India is offering 7.10 percent interest rate on 400-day Amrit Kalash FD
SBI is offering 6.80 percent interest rate on 1-year FD
Other bank’s 1-year FD rates
Bandhan Bank is offering the highest interest rate on 1-year FD among all the banks mentioned below. Let’s take a look at what other banks offer on 1-year FD.
Bank of Baroda is offering 6.85 percent interest rate on 1-year FD.
Indian Overseas Bank is offering 7.30 percent interest rate on 444-day FD
Induslnd Bank is offering 7.75 percent interest rate on 1-year FD
IDFC First Bank is offering 6.50 percent interest rate on 1-year FD
Bandhan Bank is offering 7.85 percent interest rate on 1-year FD
YES Bank is offering an interest rate of 7.25 percent on its 1-year FD
Union Bank of India offers 6.75 percent interest rate on 1-year FD
Banks
Tenure
Interest Rate
Axis Bank
17 to less than 21 months
7.20%
Axis Bank
1-year
6.70%
Axis Bank
2-year FD
7.10%
HDFC Bank
18 to less than 21 months
7.25%
HDFC Bank
1-year FD
6.60%
ICICI Bank
15 months-2 years
7.20%
ICICI Bank
1-year FD
6.70%
Bank of Baroda
1-year FD
6.85%
Punjab National Bank
400-day FD
7.25%
Punjab National Bank
1-year FD
6.75%
State Bank of India
400-day Amrit Kalash FD
7.10%
State Bank of India
1-year FD
6.80%
Indian Overseas Bank
444-day FD
7.30%
Induslnd Bank
1-year FD
7.75%
IDFC First Bank
1-year FD
6.50%
Bandhan Bank
1-year FD
7.85%
YES Bank
1-year FD
7.25%
Union Bank of India
1-year FD
6.75%
Latest FD Interest Rates for 1-2 years: Top banks like State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank, ICICI Bank, and Axis Bank offering interest rate up to 7.85 percent on FDs. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
