Among the private sector banks SBM Bank India offers one of the most attractive rates at 8.25 per cent for a tenure of 3 years and 2 days, making it a top choice for those seeking higher returns over a more extended period. RBL Bank follows closely with an interest rate of 8.10per cent for a tenure ranging from 18 months to 2 years.
YES Bank also emerges as a strong contender, offering an interest rate of 7.75per cent for an 18-month to less than 2 years tenure. IndusInd Bank and IDFC First Bank both present competitive rates of 7.75 per cent, each tailored to tenures of 1 year to 2 years and 549 days to 2 years.Moving towards the moderate interest rate range, Axis Bank, HDFC Bank, and Kotak Mahindra Bank offer options with rates ranging from 7.20 per cent to 7.40per cent.City Union Bank and Nainital Bank are offering interest rates of 7.00 per cent and 7.05 per cent, respectively.
Among the public sector banks offering fixed deposit rates, several institutions provide competitive options for investors with varying preferences.Bank of Baroda offers a compelling interest rate of 7.25 per cent for a duration above 2 years to 3 years. Canara Bank and Union Bank of India provide competitive rates of 7.25per cent for tenures of 444 days and 399 days.
State Bank of India is offering 7.10 per cent interest rate for a 400-day tenure under the Amrit Kalash scheme. Bank of India and Indian Bank are offering rates of 7.25 per cent, each tailored to a 2-year tenure. Bank of Maharashtra, Central Bank of India, Indian Overseas Bank, and Punjab National Bank offer interest rates ranging from 6.50 per cent to 7.25 per cent.Punjab & Sind Bank offers a distinct option with a 7.40 per cent interest rate for a 444-day tenure.
First Published: Mar 05 2024 | 9:14 AM IST