Key Points
Upon the maturity of the FD, you will be paid a set interest rate on your investment...
Here are top banks' fixed deposit interest rates for tenures ranging from 1 3 years...
Bank NameHighest interest rate (%)Highest interest rate tenure1-3 yearsAxis Bank7.20 17 months to less than 18 months6.70% to 7.20%Bandhan Bank7.85.
Bank8.00 25 months to 26 months7.15% to 8%Federal Bank7.50 7.50%HDFC Bank7.25 18 months to less than 21 months6.60%-7.25%ICICI 8%IndusInd Bank7.65 1 year to 2 years7% to 7.65%Kotak Mahindra Bank7.40 390 days to less than 23 months6.50% to 7.40%RBL Bank8.10 18 months to 2 years7.50% to 8.10%Bank of India7.25 2 years6.8% to 7.25%Canara Bank7.25 444 days6.85% to 7.25%Indian Bank7.25 400 days - IND SUPER6.10% to 7.25%Punjab National Bank7.25 400 days6.75% to 7.25%Punjab & Sind Bank7.40 444 days6.20% to 7.25%State Bank of India7.10 400 days - Amrit Kalash6.80% to 7%Union Bank of India7.25 399 days6.75% to 7.25%..
This is the rate of tax deducted at source (TDS) on fixed deposit interest that exceeds Rs. 40,000 in a fiscal year..
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