The biggest private sector banks in India are HDFC Bank, ICICI Bank and Axis Bank. Notably, they offer some of the best services as well as interest rates to bank account holders. Now, these banks are offering the highest fixed deposit rates after a long time. HDFC Bank, Axis Bank and ICICI Bank FD interest rate have shot up to an awesome high of over 7%. This high FD interest rate is available for certain tenures and we take the help of FD calculators from all three banks to find out exactly what kind of profit these FDs will generate for you. So, check HDFC Bank, Axis Bank, ICICI Bank FD interest rate as well as the money you can make from the highest interest rate they are now offering.
HDFC Bank FD interest rate
The rate of interest offered by this private sector bank is 7.25% for a tenure of 18 months to less than 21 months. We crunched the numbers in the HDFC FD calculator on an investment of Rs 50000 and it revealed how much money the account holder will make. The Maturity Amount received by the FD holder was a high of Rs 55,690. In effect, the Total Interest earned is Rs 5,690. The tenure we took was 18 months. Clearly, a huge profit was generated for the account holder without him having to do anything but open this FD.
HDFC FD Calculator
Amount invested: Rs 50000
Tenure offered: 7.25% for 18 months to less than 21 months
Maturity Amount: Rs 55,690
Total Interest Earned: Rs 5,690
We took a tenure of 18 months into consideration.
ICICI Bank FD interest rate
ICICI Bank FD interest rate is high too at 7.20%. If an account holder was to open a fixed deposit in his name for Rs 50000 we reveal the amount he made. We crunched the numbers in the ICICI FD calculator and this is what he is expected to get:
ICICI FD calculator
Amount invested: Rs 50000
Tenure offered: 7.20% for 15 months to 2 years
Maturity Amount Rupee image 55,649
Total Interest Earned: Rs 5,649
We took a tenure of 2 years into consideration
Axis Bank FD interest rate
Finally, there is the Axis Bank FD interest rate of 7.20%, the same as the ICICI Bank, but with a different tenure and that means the final amount the FD account holder gets will be different. Check the calculation as per the Axis FD calculator.
Axis FD Calculator
Amount invested: Rs 50000
Tenure offered: 7.20% for 17 months to less than 18 months
Maturiity value: Rs 55323
Interest amount: Rs 5323
We took tenure of 17 months into consideration.
Now that you know, why wait? Make money, just pick your bank and invest now.
HDFC Bank, Axis Bank, ICICI Bank FD interest rate is so high that you can earn over Rs 5300. Check the big amounts you can earn as per FD calculator. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
