A fixed deposit, or FD, is the one of the most common deposit options offered by all banks. Despite the fact that there is no tax benefit on conventional FDs, fixed deposits are popular due to their various investment and return alternatives.
Fixed deposit interest rates vary depending on the term, amount, tenure, and bank. Many banks offer their higher interest rates on 2–3-year tenures. Here is a comparison of fixed deposit interest rates of 2-3 year tenures of leading banks such as SBI, HDFC Bank, ICICI Bank, PNB, and Canara Bank.
Also read: Higher FD interest rates to continue as RBI holds repo rate; how to get best returns from fixed deposits
State Bank of India offers fixed deposit interest rates ranging between 3% to 7% for regular citizens on deposits below Rs 2 crore. The bank offers the highest interest rate of 7% on tenure of 2 years to less than 3 years. On the Amrit Kalash deposit, the interest rate offered is 7.10% for the general public. HDFC Bank offers fixed deposit interest rates ranging between 3% to 7.20% for regular citizens on deposits below Rs 2 crore. The interest rate is offered on tenure of 15 months to less than 18 months is 7.15% for general citizens and 7.65% for senior citizens.
Also read: FD interest rate up to 8.25%: These 8 banks have revised fixed deposit interest rates in October 2023
ICICI Bank offers fixed deposit interest rates ranging between 3% to 7.10% for regular citizens on deposits below Rs 2 crore. The highest interest rate of 7.10% is offered on tenure of 15 months to less than 2 years and 7.60% for senior citizens on same tenure.
PNB FD interest rates
PNB offers fixed deposit interest rates ranging between 3.50% to 7.25% for regular citizens on deposits below Rs 2 crore. The highest interest rate is offered on tenure of 7.25% on tenure of 444 days.
Canara Bank FD interest rates
Canara Bank offers fixed deposit interest rates ranging between 4% to 7.25% for regular citizens on deposits below Rs 2 crore. The highest interest rate is offered on tenure of 7.25% on tenure of 444 days.
Yes Bank FD interest rates
Yes Bank offers fixed deposit interest rates ranging between 3.25% to 7.50% for regular citizens on deposits below Rs 2 crore. The highest interest rate is offered on tenure of 7.50% on tenure of 10 months to less than 24 months.
