Banks are the financial institutions which we all know about. We all have been to our respective banks at least once in our lifetime. This article will give you a brief information about few of the Banks of India and their rate of interest on FD.
State Bank of India
State Bank of India is one of the top banks in India which has a huge number of customers and offers FD interest rates between 5.50%- 7.00% per annum.
HDFC Bank, being a private bank tops 2nd in the chart and is well known for providing great customer services and its FD rates are anywhere between 3.50%-6.5% per annum.
ICICI Bank is certainly one of the best banks that we have ever witnessed. Its customer service is truly beyond perfection. It offers FD rates between 4%-7% per annum.
Axis Bank, one of the banks which is found in every rural and urban area offer its customers FD rates between 3.50%-7.00%. Axis Bank is also of one the banks which have a huge customer base mostly in rural areas compared to urban areas and does provide excellent services
Kotak Mahindra Bank
Kotak Mahindra Bank is one of the leading banks and is doing well since ages. It is offering FD rate between 3.50%-6.75%.
IDFC Bank is one of the other Banks which is doing exceptionally well and offers the FD rate between 4.00%-7.50%.
Bank of Baroda, another leading bank has to offer their customers the FD rate between 4.50%-7.00%. It too has a huge customer base, especially in Gujarat.
Corporation Bank is another bank doing really good in terms of their customer base and they offer great customer services and it offers it’s customers the FD rates between 5.00%-6.90%.
PNB is one of the finest banks which almost everyone has heard of and they are offering FD rate between 4.25%-7.00%.
Last but not the least, Indian Bank. It is doing very well since its existence and is offering the FD rate between 4.00%-6.50%.
The above-given details and the FD rates are for your knowledge to understand and decide to choose the best from the rest and pick the one which perfectly fits your needs. Make sure, when you want to keep your money in FD you should be getting the best rate in return.