If you like to invest in FD schemes then some banks are giving you good returns with better interest rates. By which you can secure your future. Before investing, people should check the interest rates of all the banks. So that there is no harm of any kind. State Bank of India had relaunched its special retail FD ‘Amrit Kalash’ scheme of 400 days tenure (just over 13 months) at 7.10% per annum for regular customers. This scheme will be valid till June 30, 2023.
The investment tenure of FDs varies between banks and can be anywhere between seven days to ten years. Investment returns are compounded on a regular basis, monthly, quarterly or annually. If you want to invest in these FDs before the scheme ends, here is a comparison of 1-2 year FD interest rates of banks like HDFC Bank, ICICI Bank, SBI and SBI Amrit Kalash.
State Bank Of India
SBI is providing 6.80% interest rate on FDs from 1 year to 2 years. While the FD rate under Amrit Kalash is 7.10% for a tenure of 400 days which is 13 months 4 days.
HDFC bank
HDFC Bank is offering 6.60% on FDs for 1 year to less than 15 months and 7.10% for 15 months to less than 18 months. These rates are applicable from May 29, 2023. High interest rate of 7.25% is offered for 4 years 7 months to 55 months is the limited edition bank FD.
ICICI Bank
ICICI Bank offers 6.70% for general citizens for tenure less than 1 year to 15 months. The bank offers the highest interest rate of 7.10% for tenors ranging from 15 months to less than 2 years. The rates are applicable from February 24, 2023.
Canara Bank
Canara Bank offers the highest interest rate of 7.25% for general citizens with a tenure of 444 days. These rates are applicable from April 5, 2023.
Yes bank
Yes Bank offers 7.50% interest rate on FDs of 1 year to less than 18 months. These rates are effective from May 2, 2023.
Take special care of these things
Please tell that these interest rates are applicable for the amount less than Rs 2 crore. These rates are applicable only for general citizens, senior citizens get 0.5% higher returns than other customers, and partial and early withdrawals are subject to penalty and vary with banks.
