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Interest rates on fd in india?

Fixed Deposit Interest Rates for 5 Years

Name of Bank General Citizens Interest Rate (per annum) Senior Citizens Interest Rate (per annum)
Axis Bank 5.40% 6.05%
Canara Bank 5.25% 5.75%
IDFC First Bank 5.20% 5.70%
State Bank of India 5.30% 5.80%

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Best Tax Saver FD Interest Rates The highest interest rate on Tax Saver FDs for the general public is being offered by IndusInd Bank at 6.00% p.a. Axis Bank and Union Bank of India offer the second-highest interest rates for the general public at 5.40% p.a.

Which bank gives maximum interest on FD?

Fixed Deposit Interest Rates by Different Banks

Bank Tenure Interest rate
ICICI Bank 7 days to 10 years 4% to 7.25%
Punjab National Bank 7 days to 10 years 5.70% to 6.85%
HDFC Bank 7 days to 10 years 3.5% to 7.40%
Axis Bank 7 days to 10 years 3.5% to 7.25%
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Which Indian Bank gives highest interest rate on FD?

Best FD Rates in India among Top 10 Banks

  • IDFC Bank offers the highest FD interest rate of 5.75% p.a. which is for a tenure of 500 days for the general public.
  • The next highest interest rate being offered is 5.50% p.a. for a tenure of up to 5 to 10 years and is being offered by ICICI Bank, HDFC Bank and Axis Bank.

What is the interest of 1 lakh in SBI?

– By booking FD of Rs 1 lakh in SBI for 5 years till September 30, senior citizens can earn 39,406 as interest amount and withdraw a total of Rs 1,39,406 after five years, as per official SBI maturity calculator.

Will FD rates increase in 2021?

This could change in 2021 as interest rates on fixed deposits could start inching up. Here is why. In 2020, the Reserve Bank of India’s (RBI) measures were targeted to keep the policy rates down throughout the year, extending into 2021.


Date of update Repo Rate
04th Dec 20 4.00%
05th Feb 21 4.00%

Is Yes Bank FD 2020 Safe?

Account holders should know that deposits with Yes Bank are insured for up to Rs 5 lakh by the DICGC. DICGC insures all deposits such as savings, fixed, current, recurring, etc. The deposits in the joint account and his individual accounts will be insured separately under the DICGC rules for a maximum of Rs 5 lakh.

Which is better Bank FD or Post Office FD?

Post office term deposit schemes are similar to bank FDs. Post offices offer term deposits ranging from one year to five years. Like bank FDs, investors earn a guaranteed return through the tenure of the post office term deposit. For five year time deposit account, Post Office offers an interest rate of 6.7%.

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Is Post Office FD safe?

Interest rate on the time deposit account is payable annually but calculated quarterly. Another major benefit of the post office fixed deposit scheme is safety. “Irrespective of the amount of deposit, the safety in post office FD is the highest as they are backed by a government guarantee,” say experts.

Is IndusInd Bank FD safe?

Investing in a FD with a FD provider with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option. Thus, IndusInd Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.

How many years FD will double?

To know the time duration in which your FD amount will get doubled, you have to divide 72 with the highest rate. For example, if the highest rate on FD is 7.25%, then the number of years in which your FD will get doubled is 72/7.25= 9.93. Thus, it will take 10 years for your FD to get doubled.

How many years FD will double in SBI?

Now applying the rule, just divide the number 72 by the rate of interest. So 72/7.25 = 9.93. So it will take a little more than 14 years for one’s investment to get doubled in SBI.

Can I get monthly interest on FD?

Can we get monthly interest on Fixed Deposit? Yes. You can get a monthly interest payout, if you choose periodic payouts, and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, which can be obtained periodically.

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What is SBI FD interest rates?

SBI FD Interest Rates

Tenure FD Interest Rates for General Citizens FD Interest Rates for Senior Citizens
7 days – 45 days 2.90% 3.40%
46 days – 179 days 3.90% 4.40%
180 days – 210 days 4.40% 4.90%
211 days – 364 days 4.40% 4.90%

Which bank FD rate is high 2021?

Best FD Interest Rates in India 2021

Bank Senior Citizen’s FD Interest Rates Tenure
HDFC Bank 3.25% – 6.00% 7 days to 1826 days
ICICI Bank 3.25% – 6.00% 7 days to 1826 days
IDBI Bank 3.50% – 6.40% 7 days to 3651 days
IDFC Bank 4.50% – 8.75% 7 days to 266815 days

Is Bajaj FD safe?

Security of corpus – Bajaj Finance Ltd. has also been awarded FAAA rating and MAAA rating from ICRA, along with excellent reviews from S&P.

Which bank is best for FD for 1 year?

Highest 1 Year FD Rates as on 24 Mar 2021

Banks 1 Year FD Rate
Jana Small Finance Bank 6.75%
Dena Bank 6.75%
IndusInd Bank 6.50%
RBL Bank 6.50%
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