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Fixed Deposit Interest Rates 2022

Fixed Deposit Interest Rates 2022
Written by techbypm@gmail.com

Fixed Deposit Interest Rates 2022

Fixed deposit are a safe investment option that guarantees consistent interest rates, special interest rates for senior citizens, various interest payment options, and no market-related risks, with income tax deductions. It is important to compare the latest fixed deposit rates among leading banks in the country before opening a new fixed deposit or renewing an existing one. Here are the latest fixed deposit rates for the year 2022.

Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs.2 crore

Given below are the latest interest rates offered by top banks for tenures ranging from 7 days to 10 years as of July 2022.

Updated on – 27 Jul 2022

Name of BankFor General Citizens (p.a.)For Senior Citizens (p.a)
State Bank of India FD2.90% to 5.50%3.40% to 6.30%
HDFC Bank FD2.50% to 5.75%3.00% to 6.50%
IDBI Bank FD2.70% to 5.60%3.20% to 6.35%
Kotak Mahindra Bank FD2.50% to 5.90%3.00% to 6.40%
RBL Bank FD3.25% to 6.65%3.75% to 7.15%
Punjab National Bank FD3.00% to 5.60%3.50% to 6.10%
Canara Bank FD2.90% to 5.75%2.90% to 6.25%
Axis Bank FD2.50% to 5.75%2.50% to 6.50%
Bank of Baroda FD2.80% to 5.35%3.30% to 6.35%
IDFC First Bank FD3.50% to 6.50%4.00% to 7.00%
Bank of India FD2.85% to 5.20%3.35% to 5.95%
Punjab and Sind Bank FD3.00% to 5.40%3.50% to 5.90%

Best FD Rates in India among Top 10 Banks

Fixed Deposit Interest Rates 2022

  • IDFC First Bank offers the highest FD interest rate of 6.25% p.a. which is for a tenure of 5 years and above for the general public. For senior citizens, the interest rate is up to 6.75%.
  • The second highest interest rate is 5.75% p.a. which is offered by Axis Bank and HDFC Bank for a tenure of 5 years and above.
  • The third highest interest rate being offered is 5.60% p.a. which is offered by IDBI Bank for a tenure of 5 years and above.

FD Rates Offered by Other Popular Banks in India for below Rs.2 crore

Fixed Deposit Interest Rates 2022

The fixed deposit interest rates offered by other banks in India are given below for deposits below Rs.2 crore, as of July 2022. These are for tenures ranging from 7 days to 10 years.

Name of BankFor General Citizens (p.a.)For Senior Citizens (p.a)
Yes Bank FD3.25% to 6.25%3.75% to 7.00%
IndusInd Bank FD2.75% to 6.50%3.25% to 7.00%
UCO Bank FD2.55% to 5.30%2.80% to 6.10%
United Bank of India FD (now Punjab National Bank)3.00% to 5.25%3.50% to 5.75%
Allahabad Bank FD (now Indian Bank)2.80% to 5.35%3.30% to 6.10%
Central Bank of India FD2.75% to 5.50%Contact the bank for details
Indian Bank FD2.80% to 5.35%3.30% to 6.10%
Indian Overseas Bank FD3.40% to 5.45%3.00% to 5.45%
Bandhan Bank FD3.00% to 6.25%3.75% to 7.00%
DBS Bank FD2.50% to 5.75%Contact the bank for details
Andhra Bank FD (now Union Bank)3.00% to 5.50%Contact the bank for details
HSBC Bank FD2.25% to 5.50%2.75% to 6.00%
Syndicate Bank FD (now Canara Bank)2.90% to 5.75%2.90% to 6.25%
Duetsche Bank FD2.30% to 7.00%2.30% to 7.00%
SBM Bank FD2.50% to 7.00%3.00% to 7.50%

Best FD Rates in India among Popular Banks

Fixed Deposit Interest Rates 2022 Fixed Deposit Interest Rates 2022

  • The highest FD rate among the popular banks in India is 7.00% p.a. which is given by Deutsche Bank for tenures ranging from 3 years to 7 years for the general public.
  • For senior citizens, the highest FD rate among popular banks in India is 7.00% given by Deutsche Bank for tenure ranging from 3 years and 7 years.

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techbypm@gmail.com

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