In SBI, PNB, HDFC, AXIS or ICICI, which bank is giving the highest interest on FD, see here the rates of major banks

[ad_1]

Photo:INDIA TV Highest interest on FD

after a long time Investors’ attraction towards bank fixed deposits (FD) has increased. The reason for this is that banks have increased the interest rates on FDs significantly. This increase has been done by the Reserve Bank of India after increasing the repo rate for six consecutive times. Let us tell you that from April 2022, the repo rate has increased by 2.5 percent from 4 percent to 6.5 percent. Due to this, banks have increased the rates offered on FDs. In such a situation, if you are thinking of getting FD, then we are giving you the details of interest rate offered on FD by all major banks. Seeing this, you will be able to easily decide in which bank to do FD will be beneficial. So let’s have a look at which bank is offering what interest on FD.

State Bank of India (SBI)