Highest FD Rates: This is what banks like SBI, BoB, PNB, Canara Bank, ICICI Bank and HDFC Bank are providing on Rs 2 lakh investment

A fixed deposit (FD) allows individuals to invest a lump sum for a fixed tenure and earn guaranteed returns. It ensures capital safety and predictable income.

FDs are ideal for conservative investors due to their stable interest rates, low risk and flexible tenure options. They are commonly used for short-term goals and emergency funds.

The highest interest rates offered by major banks for regular customers:

SBI: 7.25% (444 days) PNB: 7.45% (400 days) Bank of Baroda: 7.30% (400 days) HDFC Bank: 7.40% (4 years 7 months) ICICI Bank: 7.25% (15 months to 2 years)

Senior citizens enjoy higher interest rates on FDs, ensuring better returns:

SBI: 7.75% (444 days) PNB: 7.75% (400 days) Bank of Baroda: 7.80% (400 days) HDFC Bank: 7.90% (4 years 7 months) ICICI Bank: 7.80% (15 months to less than 18 months)

SBI offers a maximum of 7.75% for seniors and 7.25% for general customers, with the best rate available for 444 days.

PNB provides 7.75% for seniors and 7.45% for general citizens, with the highest rate for 400 days.

 

Bank of Baroda offers 7.80% for seniors and 7.30% for general customers for 400 days.

HDFC Bank provides 7.90% for seniors and 7.40% for general citizens, with the best FD tenure at 4 years 7 months.

ICICI Bank’s highest FD rate is 7.80% for seniors and 7.25% for general investors, with tenure options from 15 months to less than 18 months.

Compare interest rates, tenure, payout frequency, and withdrawal flexibility to select the best FD that suits your financial goals.