Latest FD Rates 2023: 7 Major Banks Offering Up To 7.5% Interest On Fixed Deposits

The quantity and tenure of a fixed deposit affect the interest rate. Here are the five banks that charge regular consumers the highest interest rate, 7.25 percent, on sums under Rs 2 crore.

For a duration spanning from 7 days to 10 years, HDFC Bank offers interest rates between 3 percent and 7.25 percent for regular people and 3.5 percent to 7.75 percent for senior citizens. The longest loan term, between 2 years and 11 months, carries the highest interest rate of 7.25 percent. These prices are valid beginning on May 29, 2023.

For tenures ranging from seven days to ten years, the Bank of Baroda offers interest rates between 3 percent and 7.25 percent for regular people and 3.5 percent to 7.75 percent for senior citizens. A 399-day term with the highest interest rate, 7.25 percent, is available (Baroda Tiranga Plus Deposit Scheme). These prices are valid from May 12, 2023.

For tenures ranging from seven days to ten years, Canara Bank offers interest rates between 4 percent and 7.25 percent for regular people and 4 percent to 7.75 percent for senior citizens. On a term of 444 days, the highest interest rate of 7.25 percent is provided. These prices are valid beginning August 8, 2023.

For tenures ranging from seven days to ten years, PNB offers interest rates between 3.5 percent and 7.25 percent for regular residents and 4 percent to 7.75 percent for senior citizens. On a term of 444 days, the highest interest rate of 7.25 percent is provided. These prices will be in effect as of July 1, 2023.

For tenures ranging from seven days to ten years, Induslnd Bank offers interest rates between 3.5 percent and 7.5 percent for regular people and 4.25 percent to 8.25 percent for senior citizens. These prices are valid beginning August 5, 2023.

For tenures ranging from seven days to ten years, Federal Bank offers interest rates for regular residents of 3 percent to 7.3 percent and senior citizens of 3.5 percent to 7.8 percent. These prices are valid beginning on September 1, 2023.