FD Interest Rates: SBI Vs ICICI Bank Vs HDFC Bank Vs PNB

Fixed deposits (FDs) are a safe way to save your money as the regular interest rates offered by banks on FDs are assured.

Fixed deposits (FDs) are a safe way to save your money as the regular interest rates offered by banks on FDs are assured. That is why FDs are more popular among investors than market-linked instruments like stocks or bonds. The rates of interest, however, offered by various banks on FDs vary according to the tenure of the FD. For example, a fixed deposit of 1 year in State Bank of India (SBI) will fetch you an interest rate of 6.25 per cent; in ICICI Bank, you will get 6.5 per cent; in HDFC Bank, you will get 6.75 per cent; and in Punjab National Bank (PNB), you will get 6.6 per cent.