Latest Fixed Deposit Interest Rates of Major Banks

Fixed Deposit Interest Rates of Major Banks (May 2023)

Introduction

In this article you will find the Fixed Deposit interest rates provided by major banks in India. These FD interest rates are as on last updated by the banks on their respective websites.

Fixed Deposit Interest Rates of Major Banks May 2023

What are Fixed Deposits (FDs)?

Below you can find the interest rates on FDs for various tenures provided by major banks in India :

FD Interest Rates for Tenure from 1 year up to 10 years

Note:-

• Senior citizens attract an additional 0.50% on their FD interest rates. All most of all the banks provides additional 0.50%.
• A few banks such as RBL bank and IDBI Bank provide FD’s with a tenure of 20 years.
• The above tenures are not common to all the banks. Some banks may have different tenures and may be presented in a different manner. Some may also have some extra tenures.
• The above interest rates are for deposits less than Rs. 1 crore and in some cases less than Rs. 5 crores. (as specified by the bank on their website)