#Kolkata: Fixed Deposit is a safe investment medium. Because investing in fixed deposits gives guaranteed interest. Different types of interest are available on fixed deposits of different banks. Interest rates on fixed deposits are slightly higher for senior citizens. But now all the banks have increased the interest rate for almost common citizens in this sector. Let’s take a look at that list.

Interest Rates for Citizens and Senior Citizens on Fixed Deposits of Rs 2 Crores in Top 10 Banks of India –

– State Bank of India offers 3.00 percent to 6.10 percent interest per annum to general citizens and 3.50 percent to 6.90 percent per annum to senior citizens on fixed deposits.

– HDFC Bank offers an interest rate of 3.00 percent to 6.25 percent per annum for general citizens and 3.50 percent to 3.95 percent per annum for senior citizens on fixed deposits.

– ICICI Bank offers an interest rate of 3.00 percent to 6.35 percent per annum for general citizens and 3.50 percent to 6.95 percent per annum for senior citizens on fixed deposits.

– IDBI Bank offers an interest rate of 3.00 percent to 6.25 percent per annum for general citizens and 3.50 percent to 7.00 percent per annum for senior citizens on fixed deposits.

– Kotak Mahindra Bank offers 2.75 percent to 6.30 percent interest per annum for general citizens and 3.25 percent to 6.80 percent per annum for senior citizens on fixed deposits.

– RBL Bank offers an interest rate of 3.25 percent to 7.25 percent per annum to general citizens and 3.75 percent to 7.75 percent per annum to senior citizens in respect of fixed deposits.

– Punjab National Bank offers an interest rate of 3.50% to 7.00% per annum to general citizens and 4.00% to 7.50% per annum to senior citizens on fixed deposits.

– Canara Bank offers an interest rate of 3.25 percent to 7.00 percent per annum for general citizens and 3.25 percent to 7.20 percent per annum for senior citizens on fixed deposits.

– Axis Bank offers an interest rate of 3.50% to 6.20% per annum for general citizens and 3.50% to 6.95% per annum for senior citizens on fixed deposits.

– Bank of Baroda offers 3.00 percent to 5.65 percent interest per annum to general citizens and 3.50 percent to 6.65 percent per annum to senior citizens on fixed deposits.

– IDFC First Bank offers an interest rate of 3.50% to 7.25% per annum for general citizens and 4.00% to 7.75% per annum for senior citizens.

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Interest rates for individuals and senior citizens on Rs 2 crore fixed deposits in some other banks in India –

– Yes Bank offers 3.25 percent to 6.75 percent interest per annum for general citizens and 3.75 percent to 7.50 percent per annum for senior citizens on fixed deposits.

– IndusInd Bank offers an interest rate of 3.50% to 7.00% per annum for general citizens and 4.25% to 7.50% per annum for senior citizens on fixed deposits.

– UCO Bank offers 2.55 percent to 5.60 percent interest per annum to general citizens and 2.80 percent to 6.10 percent per annum to senior citizens in case of fixed deposits.

– Indian Bank offers an interest rate of 2.80 percent to 5.75 percent per annum to general citizens and 2.80 percent to 6.50 percent per annum to senior citizens on fixed deposits.

– Indian Overseas Bank offers 3.25 percent to 5.85 percent interest per annum to general citizens and 3.60 percent to 6.00 percent per annum to senior citizens on fixed deposits.

– Bandhan Bank offers an interest rate of 3.00 percent to 7.00 percent per annum to general citizens and 3.75 percent to 7.50 percent per annum to senior citizens on fixed deposits.

– HSBC Bank offers an interest rate of 2.50% to 6.00% per annum to general citizens and 3.00% to 6.50% per annum to senior citizens on fixed deposits.

– Deutsche Bank offers an interest rate of 3.00 percent to 7.25 percent per annum for general citizens and 3.00 percent to 7.25 percent per annum for senior citizens on fixed deposits.

Now let’s see which bank offers the highest interest rate for 1 year fixed deposit, effective from November 2022 –

– IDFC First Bank offers an interest rate of 6.25 per cent per annum to general citizens and 6.75 per cent per annum to senior citizens on fixed deposits.

– Bank of India offers an interest rate of 5.75 percent per annum to general citizens and 6.25 percent per annum to senior citizens in case of fixed deposits.

– IDBI Bank offers an interest rate of 6.25 per cent per annum to general citizens and 6.75 per cent per annum to senior citizens on fixed deposits.

– Punjab National Bank offers an interest rate of 6.30 per cent per annum to general citizens and 6.80 per cent per annum to senior citizens in case of bank fixed deposits.

– Canara Bank offers an interest rate of 6.25 per cent per annum to general citizens and 6.75 per cent per annum to senior citizens on fixed deposits.

– State Bank of India offers 6.10 per cent interest per annum to general citizens and 6.60 per cent per annum to senior citizens in case of fixed deposits.

– Punjab & Sindh Bank offers 6.10 per cent interest per annum to general citizens and 6.60 per cent per annum to senior citizens in case of fixed deposits.

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Now let’s see which bank offers the highest interest on 2-year fixed deposits, effective from November 2022 –

– IDFC First Bank offers an interest rate of 6.75 per cent per annum to general citizens and 7.25 per cent per annum to senior citizens on fixed deposits.

– IDBI Bank offers an interest rate of 6.25 per cent per annum to general citizens and 7.00 per cent per annum to senior citizens on fixed deposits.

– Union Bank of India offers an interest rate of 6.60 percent per annum to general citizens on fixed deposits.

– Canara Bank offers an interest rate of 6.25 per cent per annum to general citizens and 6.75 per cent per annum to senior citizens on fixed deposits.

Now it’s time to see which bank offers the highest interest rate on 3-year fixed deposits, effective from November 2022 –

– IDFC Bank offers an interest rate of 6.50 per cent per annum to general citizens and 7.00 per cent per annum to senior citizens on fixed deposits.

– Axis Bank offers an interest rate of 5.70 per cent per annum to general citizens and 6.45 per cent per annum to senior citizens on fixed deposits.

– IDBI Bank offers an interest rate of 6.10 per cent per annum to general citizens and 6.85 per cent per annum to senior citizens on fixed deposits.

– State Bank of India offers 6.10 per cent interest per annum to general citizens and 6.60 per cent per annum to senior citizens in case of fixed deposits.

– Punjab & Sindh Bank offers 6.10 per cent interest per annum to general citizens and 6.60 per cent per annum to senior citizens in case of fixed deposits.

Finally, let’s see which bank offers the highest interest rate for 5-year fixed deposits, effective from November 2022 –

– IDFC First Bank offers an interest rate of 6.50 per cent per annum to general citizens and 7.00 per cent per annum to senior citizens on fixed deposits.

– Union Bank of India offers interest of 6.70 percent per annum to general citizens on fixed deposits.

– IDBI Bank offers an interest rate of 6.10 per cent per annum to general citizens and 6.85 per cent per annum to senior citizens on fixed deposits.

– Canara Bank offers an interest rate of 6.50 per cent per annum to general citizens and 7.00 per cent per annum to senior citizens on fixed deposits.

– Axis Bank offers an interest rate of 6.50 per cent per annum to general citizens and 7.25 per cent per annum to senior citizens on fixed deposits.

– State Bank of India offers an interest rate of 6.10 per cent per annum to general citizens and 6.90 per cent per annum to senior citizens on fixed deposits.

Published by:Dolon Chattopadhyay

First published:

Tags: Fixed Deposit, Interest Rates, Investments and Returns

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