SBI, ICICI, Axis Bank Fixed Deposit Rate: Banks offering the best FD rates may vary depending on various factors and the specific tenure of the fixed deposit. For latest FD rates, please contact specific banks or financial institutions directly.
SBI, ICICI, Axis Bank Fixed Deposit Rate: Bank fixed deposits (FD) are very popular among investors seeking stable returns and capital preservation. These are considered low-risk investments because they give guaranteed returns. If the bank defaults in payment of the deposited amount, the amount deposited in a particular bank will be insured up to ₹ 5 lakh. Deposits are insured by the Deposit Insurance and Credit Guarantee Corporation Limited (DICGC).
Banks offering the best FD rates may vary depending on various factors and the specific tenure of the fixed deposit. Some banks in India that are known to offer very good FD rates include: Kotak Mahindra Bank, HDFC Bank, Axis Bank, ICICI Bank, State Bank of India (SBI), Punjab National Bank (PNB), IDFC First Bank , YES Bank, Punjab & Sindh Bank, RBL Bank, DCB Bank.
13 banks offering best FD rates
- RBL Bank 8.10% (546 days to 24 months (18 months to 24 months)
- DCB Bank 8% (25 months to 26 months)
- IndusInd Bank 7.75 (1 year to less than 1 year 6 months, 1 year 6 months to less than 1 year 7 months, 1 year 7 months to 2 years)
- IDFC First Bank 7.75 (549 days- 2 years)
