If you prefer to invest in FD schemes then some banks are giving you good returns with better interest rates. So that you can secure your future. People should check the interest rates of all the banks before investing. so as not to cause any harm. State Bank of India had relaunched its special retail FD ‘Amrit Kalash’ scheme for regular customers with a tenure of 400 days (just over 13 months) at 7.10% per annum. This scheme will be valid till June 30, 2023.
The investment tenure of FDs varies between banks and can be anywhere between seven days to ten years. Investment returns are compounded on a regular basis, monthly, quarterly or annually. If you want to invest in these FDs before the scheme ends, here is a comparison of 1-2 year FD interest rates of banks like HDFC Bank, ICICI Bank, SBI and SBI Amrit Kalash.
state Bank of India
SBI is offering 6.80% interest rate on FDs from 1 year to 2 years. While the FD rate under Amrit Kalash is 7.10% for a tenure of 400 days which is 13 months 4 days.
HDFC bank
HDFC Bank is offering 6.60% on FDs of 1 year to less than 15 months and 7.10% for 15 months to less than 18 months. These rates are applicable from May 29, 2023. Higher interest rate of 7.25% is limited edition bank FD for 4 years 7 months to 55 months.
ICICI Bank
ICICI Bank offers 6.70% for general citizens for tenure less than 1 year to 15 months. The bank offers the highest interest rate of 7.10% for tenures ranging from 15 months to less than 2 years. The rates are applicable from February 24, 2023.
Canara Bank
Canara Bank offers the highest interest rate of 7.25% for general citizens with a tenure of 444 days. These rates are applicable from April 5, 2023.
yes bank
Yes Bank offers 7.50% interest rate on FDs of 1 year to less than 18 months. These rates are effective from May 2, 2023.
take special care of these things
Explain that these interest rates are applicable for amounts less than Rs 2 crore. These rates are applicable only for normal citizens, senior citizens get 0.5% higher returns than other customers, and partial and early withdrawals are subject to penalty and vary with banks.
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