FD Rate: Check out which of the 10 largest banks have the most favorable interest rates on Fixed Deposits. As of today, some of the large private and government banks in the country are offering increased Fixed Deposit (FD) interest rates. Here is what you should know, customers are being offered a maximum interest of 8.30 percent by some of the banks which include State Bank of India, HDFC Bank and ICICI Bank. Lets take a look at these 10 consumer banks which have almost equally competitive interest rates.The only bank providing higher returns compared to others is SBIGeneral users of State Bank of India earn an interest of 3-7.10 percent whereas senior users earn between 3.50-7.60 percent. While HDFC Bank is giving 3 to 7.25 percent interest to its general customers and 3.50 percent to 7.75 percent to senior citizen customers. At the same time, ICICI Bank is giving 3 to 7.10 percent interest on FD to its general customers and 3.50 to 7.60 percent interest to senior citizens.Available at the highest level hereMeanwhile, IDBI Bank offers general consumers an interest rate of 3 to 6.75 percent on Fixed Deposits and pays 3.50 to 7.25 percent to senior citizens. In addition, Kotak Mahindra Bank offers an interest rate of 2.75 to 7.20 percent for general customers and 3.25 to 7.70 percent for senior citizens. RBL Bank also offers an interest rate of 3.50 to 7.80 percent for general customers and 4 to 8.30 percent for senior citizen customers.PNB is offering an interest rate of up to 7.75%.Punjab National Bank offers 3.5 to 7.25 percent interest on FD for general customers and 4 to 7.25 percent for senior citizens. Canara Bank offers 4 to 7.25 percent for general customers and 4 to 7.75 percent for senior citizens on FD. Also, Axis Bank offers 3.50 to 7.10 percent to general customers and 3.50 to 7.85 percent to senior citizen on FD. In addition, Bank of Baroda offers 3 to 7.05 percent to general customers and 3.50 to 7.55 percent to senior citizens on FD.
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