Bank Fixed Deposit Rates: Compare Returns Provided By Top Banks Here

FD Interest Rate: India's top banks currently provide a range of maturity options for fixed deposits, starting from seven days. The country's largest lender by assets, State Bank of India, for example, provides eight maturity options with the longest one being from five years to 10 years. With effect from May 27, the lender provides interest rates to the tune of 2.9-5.4 per cent on fixed deposits to the general public, and 3.4-6.2 per cent to senior citizens. Retail fixed deposits are term deposits in which a lump sum amount up to Rs 2 crore is locked in for a fixed period of time, say five years. Commercial banks such as SBI, HDFC Bank and Kotak Mahindra Bank revise the interest rates applicable to FDs from time to time. 

FD Interest Rate: India's top banks currently provide a range of maturity options for fixed deposits, starting from seven days. The country's largest lender by assets, State Bank of India, for example, provides eight maturity options with the longest one being from five years to 10 years. With effect from May 27, the lender provides interest rates to the tune of 2.9-5.4 per cent on fixed deposits to the general public, and 3.4-6.2 per cent to senior citizens. Retail fixed deposits are term deposits in which a lump sum amount up to Rs 2 crore is locked in for a fixed period of time, say five years. Commercial banks such as SBI, HDFC Bank and Kotak Mahindra Bank revise the interest rates applicable to FDs from time to time. 

Here are the current fixed deposit interest rates offered by top banks:

SBI 

HDFC Bank

Kotak Mahindra Bank 

ICICI Bank 

PNB

All of these commercial banks offer slightly higher returns to senior citizen customers compared to other depositors.