Latest FD rates of Big Banks including SBI, HDFC, ICICI : If you want safe and guaranteed returns, then Fixed Deposit (FD) is a great option. In the month of September 2024, many big banks are offering FD schemes with attractive interest rates. Some banks are offering interest up to 8.5%. Let us know the latest FD rates of many major banks of the country including State Bank of India (SBI), HDFC Bank, ICICI Bank, Punjab National Bank (PNB) and Yes Bank.
SBI FD Interest Rates
– Interest rate for general citizens: 3.50% – 7.10%
– Interest rate for senior citizens: 4% – 7.60%
– Special Scheme: On the 400-day “Amrit Kalash” scheme, general citizens are getting 7.10% interest and senior citizens are getting 7.60% interest.
– Applicable date: These rates are effective from June 15, 2024 and valid till September 30, 2024.
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ICICI Bank FD Interest Rates
– Interest rate for general citizens: 3% – 7.25%
– Interest rate for senior citizens: 3.50% – 7.80%
– Highest interest rate: FDs with tenures of less than 15 months and up to 18 months offer interest rates of 7.25% and 7.80%.
– Applicable date: These rates are effective from September 18, 2024.
HDFC Bank FD Interest Rates
– Interest rate for general citizens: 3% – 7.35%
– Interest rate for senior citizens: 3.50% – 7.85%
– Highest interest rate: FDs of 2 years 11 months to 35 months offer 7.25% and 7.75% interest.
– Applicable date: These rates are effective from July 24, 2024.
Also read: HDFC Defense Fund’s spectacular performance! Gave more than 84% return in one year, how good is this scheme for common investors?
Canara Bank FD Interest Rates
– Interest rate for general citizens: 4% – 7.25%
– Interest rate for senior citizens: 4% – 7.75%
– Special Scheme: On 444 days FD, general citizens get 7.25% interest and senior citizens get 7.75% interest.
– Applicable date: These rates are effective from June 11, 2024.
PNB FD Interest Rates
– Interest rate for general citizens: 3.50% – 7.25%
– Interest rate for senior citizens: 4% – 7.75%
– Special Scheme: On 400 days FD, general citizens get 7.25% interest and senior citizens get 7.75% interest.
– Applicable date: These rates are effective from August 1, 2024.
Also read: This hybrid fund of HDFC MF made you a millionaire with just Rs 800 SIP, gave more than 19% annualized return in 30 years
Yes Bank FD Interest Rates
– Interest rate for general citizens: 3.25% – 8%
– Interest rate for senior citizens: 3.75% – 8.50%
– Highest interest rate: On 18 month FD, general citizens get 8% interest and senior citizens get 8.50% interest.
– Applicable date: These rates are effective from June 8, 2024.
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FD means safe return on savings
If you want to get a safe and assured return on your savings, FD is a good option. Among the banks mentioned above, Yes Bank is currently offering the highest interest rate of up to 8.50%, while other major banks like SBI, ICICI, HDFC and PNB are also offering attractive interest rates. Choose your investments wisely and select an FD scheme based on your goals.