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Good news investors: Check increased FD rates for these banks

Fixed deposits are preferred as they pose low risk, safer, and with that guarantee returns irrespective of the market’s crash.

Good news investors: Check increased FD rates for these banks
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Saving your money is an important aspect of building wealth and planning for a quality life, and we Indians love to save our money. Although there are many ways and options one can save money, but Fixed Deposits (FD) are a perfect choice for people who like to save their money at low risk with stable and consistent investment.

Low risk, safety along with guaranteed returns irrespective of the market’s crash makes FD a desirable investment option.

Therefore, before deciding to invest in Fixed Deposits, or thinking of renewing an existing one checkout the latest fixed deposit rates for the year 2022.

Below are the current interest rates of the top banks in the country that offer 5-year FD for below Rupees 2 crores in India:

Best FD rates for 5 years
Name of the Bank For General Citizens (p.a) For Senior Citizens (p.a)
State Bank of India FD 5.50% 6.30%
HDFC Bank FD 5.60% 6.35%
CitiBank FD 3.50% 4.00%
Axis Bank FD 5.75% 6.50%
IDFC First Bank FD 6.00% 6.50%
Bank of India FD 2.85% to 5.20% 3.35% to 5.95%
IndusInd Bank FD 6.50% 7.00%
Equitas Small Finance Bank 5.25% 5.75%
Punjab and Sind Bank 5.30% 5.80%