FD Interest Rates: In today’s time, with the constant rise in inflation, people are looking for ways to secure their future. When it comes to investing, a Fixed Deposit (FD) often comes to mind. Today, we will tell you about five banks in the country that are offering high interest on FD, which can help you earn a good profit if you invest ₹2.5 lakh. Let’s dive into the details.
Banks Offering the Best FD Interest Rates
State Bank of India (SBI)
India’s largest public sector bank, SBI, offers excellent interest rates on FD. For a period of 2 to 3 years, the bank is offering 6.70% interest for regular customers. Senior citizens can enjoy 7.20% interest for the same duration. If you invest ₹2.5 lakh at 6.70% for 2-3 years, you will receive ₹2,67,438 at maturity. For senior citizens, the maturity amount will be ₹2,87,220.
PNB (Punjab National Bank) FD Interest Rates
PNB offers an attractive interest rate of 6.70% on one-year FDs for regular customers. Senior citizens can earn 7.20%, and super senior citizens enjoy an even better rate of 7.50%. This makes PNB a great option for long-term investment.
HDFC Bank Fixed Depisit
HDFC, one of the largest private sector banks in India, offers a great interest rate of 6.85% for FD periods of 15 to 18 months. Senior citizens can benefit from an interest rate of 7.35%. This bank’s FD is an excellent option for those looking for good returns with safety.
ICICI Bank FD Interest Rates
ICICI Bank also offers a competitive interest rate on FD for periods ranging from 18 months to 2 years. For regular customers (FD Interest Rates), the bank provides 6.85% interest, while senior citizens get 7.35%. This makes it another great option for FD investment.
Bank of Baroda
Public sector bank Bank of Baroda offers great returns on one-year FDs. The interest rate for regular customers is 6.70%, and for senior citizens, it is 7.20%. So, if you want to invest in a public sector bank, Bank of Baroda is a solid choice.
Conclusion
So, if you’re planning to invest ₹2.5 lakh, these five banks are offering the best interest rates. No matter which bank you choose, you can be assured of a good return. These banks are reliable, and your money will be safe with them. It’s up to you now to decide which bank to invest with, but keep in mind that the sooner you (FD Interest Rates) invest, the sooner you’ll start seeing the benefits.
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