FDs in declining interest rate: Check the top rate paid by India's top banks

Kolkata: Fixed deposits in banks have a lot of investors irrespective of what the interest rate in the country is going down or up. Even investment strategists advise investors to incorporate debt instruments in their portfolio. There is a general trend that the attraction of fixed deposits go up as one advances in years, while the younger investors tend to repose more faith in market-linked instruments such as equities and mutual funds.

SBI FD rate

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General customers: The highest rate of interest offered by SBI, the largest bank of the country, to general customers is 6.45% on FDs for 2 years to less than 3 years.

Senior citizens: The highest rate of interest offered by SBI to senior citizens is 7.05% on FDs for tenures between 5 years and up to 10 years.

PNB FD rate

General customers: The highest rate paid by this bank to general customers is 6.6% paid on FDs with a tenure of 390 days.

Senior citizens: The highest rate paid by this bank to senior citizens is 7.10% paid on FDs with a tenure of 390 days.

Super senior citizens: The highest rate paid by this bank to super senior citizens is 7.40% paid on FDs with a tenure of 390 days.

HDFC Bank FD rate

General customers: The highest rate paid to general customers by HDFC Bank, the largest private sector lender of India, is 6.60% on FDs with tenures between 18 months and less than 21 months.

Senior citizens: The highest rate paid to senior citizens HDFC Bank is 7.10% on FDs with tenures between 18 months and less than 21 months.

ICICI Bank FD rate

General customers: The highest rate paid by this bank to general customers occur in two tenure baskets -- 2 Years 1 day to 10 years and the tax saver FDs (5 years). In both cases the interest rate is 6.6%.

Senior citizens: The highest rate paid by this bank to senior citizens are seen in two tenure baskets -- 2 Years 1 day to 10 years and the tax saver FDs (5 years). In both cases the interest rate is 7.1%.

Axis Bank FD rate

General customers: The highest rate of interest paid by Axis Bank to general customers is 6.6% and is seen in four tenure baskets. These are: 18 months to less than 2 years; 2 years to less than 3 years; 3 years to less than 5 years and 5 years to 10 years.

Senior citizens: The highest rate of interest paid by Axis Bank to senior citizens is 7.35% on FDs with tenure between 5 years and 10 years.

Bandhan Bank FD rate

General customers: The highest rate of interest paid by Bandhan Bank to general customers is 7.30% on FDs with tenure between 2 years to less than 3 years.

Senior citizens: The highest rate of interest paid by Bandhan Bank to senior citizens is 7.80% on FDs with tenure between 2 years to less than 3 years.

What is to be noted is that the above rates are paid on amounts that are less than Rs 3 crore. If the amount is higher, the rate of interest usually goes up.