Latest FD Interest Rates: Are you looking for an investment option that offers security and guaranteed returns? If so, Fixed Deposits (FDs) can be a suitable choice for you. With an FD, you invest a lump sum amount in a bank for a fixed tenure at an agreed interest rate. And at the end of the tenure, you receive the amount you invested along with compound interest. FDs are available for various tenures at both banks and post offices.
1/11Let’s take a look at the latest interest rates offered by top banks such as SBI, PNB, HDFC Bank, ICICI Bank, and the Post Office. To illustrate, let’s consider an example where you invest Rs 3 lakh in a 3-year FD.
2/11For general customers - 6.75 per cent For senior citizens - 7.25 per cent
3/11If you invest Rs 3 lakh as a lump sum in SBI's FD for 3 years then according to the calculations - As a general customer, you will receive Rs 3,66,718. - As a senior citizen, you will receive Rs 3,72,164.
4/11For general customers - 7 per cent For senior citizens - 7.50 per cent
5/11If you invest Rs 3 lakh as a lump sum in PNB's FD for 3 years then according to the calculations - As a general customer, you will receive Rs 3,69,432. - As a senior citizen, you will receive Rs 3,74,915.
6/11For general customers - 7 per cent For senior citizens - 7.50 per cent These rates are also applicable on 5-year FDs.
7/11If you invest Rs 3 lakh as a lump sum in HDFC's FD for 3 years then according to the calculations - As a general customer, you will receive Rs 3,69,432. - As a senior citizen, you will receive Rs 3,74,915.
8/11For general customers - 7 per cent For senior citizens - 7.50 per cent
9/11If you invest Rs 3 lakh as a lump sum in ICICI's FD for 3 years then according to the calculations - As a general customer, you will receive Rs 3,69,432. - As a senior citizen, you will receive Rs 3,74,915.
10/11The Post Office offers an interest rate of 7.10 per cent on 3-year FDs.
11/11If you invest Rs 3 lakh in Post Office FD for 3 years then according to the calculations you will receive Rs 3,70,523 after 3 years.