![]() ![]() The following FD interest rates are applicable on deposits below Rs 1 crore, according to the bank's website - sbi.co.in: Tenors (Also read: How Recurring Deposit (RD) Interest Rates Offered By SBI, Post Office Compare) Given below are the latest interest rates offered by SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and PNB Bank on fixed deposits (FDs): Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Punjab National Bank (PNB), among others offer the facility of opening a fixed deposit. Investors can opt for a monthly, quarterly and annual interest payout. The interest rates vary according to separate maturity baskets across different lenders. FD interest rates of most banks are higher for senior citizens as compared to those for the general public. ![]() Bank FDs can be started for specific period, which can be as short as 7 days. Bank fixed deposit (FD), a secure investment instrument, offers higher interest rates than the deposits in savings accounts.
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