• Source:JND
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Fixed Deposit Interest Rate:  Fixed Deposits are popular and widely accepted risk-free investment instruments. The Fds are popular as many investors confidently deposit their surplus money for a set period and get fixed interest payments at regular intervals throughout the selected period or at maturity.

Various banks and financial institutions offer interest rates ranging from 3 to 7.50 percent depending on the tenure, with senior citizens getting an extra 0.5 percent interest rate. As investments are made to earn handsome returns, it becomes crucial to compare interest rates before investing in fixed deposits.

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Punjab National Bank

PNB provides fixed deposit interest rates ranging from 3.50 percent to 7.50 percent until October 10, 2023. Notably, on fixed deposits maturing in one year, the interest rate for regular investors is 6.75 percent, while senior citizens get a higher rate of 7.25 percent on a one-year plan.

State Bank of India 

For customers investing in fixed deposits (FDs) in the State Bank of India till May 14, 2024, interest rates range from 3% to 7%, with senior citizens getting an extra 50 basis points (bps). Is. Notably, the bank offers an interest rate of 6.80 percent for FDs maturing in one year. Also, for terms ranging from two years to less than three years, the bank offers a rate of 7 percent.

Note: The above interest rates are applicable for deposits up to 2 crore.

ICICI Bank 

ICICI Bank FD Rates: As of May 14, 2024, this bank offers interest rates within the range of 3 percent to 7.50 percent for its FD schemes. At the same time, senior citizens receive an extra 0.5 percent interest, resulting in rates ranging from 3.50 percent to 7.50 percent for various tenures ranging from 7 days to 10 years. Notably, for fixed deposits maturing in one year, an interest rate of 6.70 percent is offered to general customers.

- For deposits up to 5 crore

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