Compare Interest Rates from different Banks
|BANK||Normal Citizens||Senior Citizens|
|State Bank of India||5.75% – 6.85%||6.25% – 7.35%|
|HDFC Bank||3.50% – 7.40%||4.00% – 7.90%|
|ICICI Bank||4.00% – 7.50%||4.50% – 8.00%|
|Axis Bank||3.50% – 7.60%||3.50% – 8.25%|
16 more rows
Which bank is best for FD 2019?
Fixed Deposit Interest Rates Comparison 2020 in India
|Bank||FD Rate of Interest||Senior Citizen FD Rates|
|SBI Fixed Deposit||4.00% – 5.90%||4.50% – 6.40%|
|HDFC Bank Fixed Deposit||3.50% – 6.25%||4.00% – 6.75%|
|ICICI Bank Fixed Deposit||4.00% – 6.40%||4.50% – 6.90%|
|Axis Bank||3.50% – 6.50%||3.50% – 7.15%|
47 more rows
Which bank is best for fixed deposit?
Fixed Deposit Interest Rates by Top 10 Banks in India
|Name of Bank||For General Citizens||For Senior Citizens|
|Canara Bank||5.00% to 6.50%||5.50% to 7.00%|
|Axis Bank||3.50% to 7.20%||3.50% to 7.85%|
|Kotak Mahindra Bank||3.50% to 6.90%||4.00% to 7.40%|
|Bank of Baroda||4.50% to 6.60%||5.00% to 7.10%|
6 more rows
How safe are fixed deposits in Nationalised banks?
Yes, fixed deposits in public sector banks and private sector banks are very safe. Currently, each depositor is protected up to Rs 1 Lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
Is FD in small finance bank safe?
Small finance banks are giving deposit rates that are higher by 2.5-3 percentage points. Investors need to realize that with higher returns, there are higher risks. Anyone taking a bet on the FDs of small finance banks should restrict their exposure.
Which is better RD or FD?
Although FD earn higher than RD, it’s not feasible for a single product to meet all your needs. When you do not have a lumpsum to invest but can save a defined amount from your income every month, a recurring deposit is a more viable product. But when you have a lumpsum to invest then FD is a wiser choice.
How many years FD will double?
Fixed Deposit: Currently, banks are offering an interest rate of around 6.25 per cent per annum on deposits with a maturity period of more than five years. Invest in an FD now and it will take 11 years for the money to double.