Fixed Deposit Interest Rate: If you want to keep your investment amount safe along with guaranteed returns, then fixed deposit is a good option.
While making a fixed deposit, every investor wants to get the maximum interest rate on his investment. Every bank offers different interest rates on FD. Apart from this, the interest rate also depends on how long you are making the FD.
For example, if you make an FD in State Bank of India (SBI), the interest rate on a three-month FD is 5.5 percent, while on a 1-year FD it increases to 6.8 percent. Today we will tell you about the interest rates (FD Best Interest Rate) offered by the country’s top banks on 5-year FDs.
SBI: State Bank of India is offering an interest rate of 6.5 percent on a five-year FD (SBI FD Interest Rate), while the interest rate on a one-year FD is 6.8 percent. These rates are applicable from May 15, 2024.
ICICI Bank: The private bank is offering an interest rate of 7 percent on five-year FDs while it is offering an interest rate of 6.7 percent on one-year FDs. These rates are applicable from February 17.
HDFC Bank: This largest private sector bank is offering 7 percent interest on five-year FDs while one-year FDs offer an interest rate of 6.6 percent. These rates are applicable from February 9, 2024.
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Bank Of Baroda, BOB: The public sector bank offers an interest rate of 6.50 percent on 5-year fixed deposits while it offers an annual rate of 6.85 percent on one-year FDs. These rates are applicable from January 15, 2024.
Kotak Mahindra Bank: This private sector bank is offering an interest rate of 6.20 percent on five-year fixed deposits while it is offering 7.10 percent interest on one-year FDs. These rates are applicable from February 27, 2024.
Punjab National Bank, PNB: The public sector bank is offering 6.55 percent interest on five-year fixed deposits (FD), while it is offering 6.8 percent interest on one-year FD. These interest rates are applicable from April 12, 2024.
