• Top Bank FDs in India in2019

    There are many top banks in India that offer a good range of Fixed Deposit (FD) options that come with a list of features such as nomination facility, competitive rate of interest, joint account, loan/overdraft facility, among others. Let us take a detailed look at some of the best banks and their FD interest rates.

    Top Bank Fixed Deposit Schemes in 2019

    Bank Less than 1 year 1 year to 3 years 3 years to 5 years
    SBI 5.25% to 6.25% 6.00% to 6.25% 6.25%
    ICICI 4.00% to 6.50% 6.50% to 6.75% 6.50%
    Citibank 3.00% to 5.00% 5.00% 5.00% to 5.25%
    Axis Bank 3.50% to 6.50% 6.75% to 6.90% 6.90%
    HDFC Bank 3.50% to 6.25% 6.00% to 6.75% 6.00%
    Canara Bank 4.20% to 6.35% 6.20% to 6.50% 6.00%
    Punjab National Bank 5.25% to 6.25% 6.50% to 6.60% 6.25%

    *Interest rates are subject to change and may be revised from time to time

    *Higher interest rates will be offered to senior citizens

    SBI FD rates

    • SBI is one of the most reputed and well-established banks in India that fall under the top category
    • The interest rate offered on SBI FDs range from 5.25% p.a. to 6.25% p.a.
    • For deposits held for less than 1 year, the bank rate paid is 5.25% to 6.25%
    • For an investment period that extends from 1 year to 3 years, the annual rate of return is 6.00% p.a to 6.25% p.a.
    • A bank deposit rate of 6.25% p.a. is paid if the deposit is held for a period ranging from 3 years to 5 years

    Read more about: Top Performing Company Fixed Deposits 2019

    ICICI Bank FD rates

    • ICICI is another top bank in India that offers competitive interest rates on all deposit schemes
    • For a tenure of less than 1 year, the rate paid will vary anywhere between 4.00% p.a. to 6.50% p.a.
    • Those who invest for 2 years, will be paid interest at the rate of 6.75% p.a.
    • A tenure ranging between 1 year to 3 years will fetch you a deposit rate of around 6.50% p.a. to 6.75% p.a.
    • All those who put in their money for 5 years will gain interest at the rate of 6.50% p.a.

    Citibank FD rates

    • An interest rate of 4.00% p.a. to 5.00% p.a. will be paid for any FD that is held for a period of less than 1 year
    • The highest rate of interest paid by Citibank is for an investment period of 1,096 days, where the rate of return is 5.25% p.a.
    • From 151 days to 1,095 days, the rate of return that will be paid will be 5.00% p.a.
    • All senior citizens will get an additional interest percentage

    Axis Bank FD Rates

    • As far as Axis Bank is concerned, the highest rate of return is paid for deposits that are held for a time period that ranges from 17 months to 10 years, where the annual percentage gain is 6.90% p.a.
    • The second highest interest slab offered by Axis Bank is for deposits held from 1 year to less than 17 months
    • The interest rates are applicable for deposits that are less than Rs.1 crore
    • An interest rate of 6.50% p.a is paid for a tenure range of 9 months to less than a year

    HDFC Bank FD rates

    • The best deposit rate paid by HDFC Bank is 6.75% p.a for a tenure range of 1 year to 1 year to 3 days
    • For a tenure range of 1 year to 3 years, the rate of return paid varies anywhere between 6.00% p.a. to 6.75% p.a.
    • For those who make an investment for more than 2 years, the rate of return will be 6.00% p.a.
    • The bank offers a wide range of tenure options

    Canara Bank FD Rates

    • For all term deposits of less than Rs.1 crore, the rate of interest offered by Canara Bank ranges from 4.20% p.a. to 6.50% p.a.
    • The highest rate of interest is paid for a time period of 1 year, where the rate of return is 6.50% p.a.
    • For a time period of more than 1 year to less than 2 years, the rate offered is 6.45% p.a.
    • 5-year deposits will fetch investors an interest rate of 6.00% p.a.

    Punjab National Bank FD Rates

    • One of the other banks that offer competitive interest rates on term deposits is Punjab National Bank
    • The highest rate of interest paid is for a time period of 1 year, where the deposit rate is 6.60% p.a.

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