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Good news investors: Check increased FD rates for these banks

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NewsDrum Desk
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Saving your money is an important aspect of building wealth and planning for a quality life, and we Indians love to save our money. Although there are many ways and options one can save money, but Fixed Deposits (FD) are a perfect choice for people who like to save their money at low risk with stable and consistent investment.

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Low risk, safety along with guaranteed returns irrespective of the market’s crash makes FD a desirable investment option.

Therefore, before deciding to invest in Fixed Deposits, or thinking of renewing an existing one checkout the latest fixed deposit rates for the year 2022.

Below are the current interest rates of the top banks in the country that offer 5-year FD for below Rupees 2 crores in India:

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Best FD rates for 5 years
Name of the BankFor General Citizens (p.a)For Senior Citizens (p.a)
State Bank of India FD5.50%6.30%
HDFC Bank FD5.60%6.35%
CitiBank FD3.50%4.00%
Axis Bank FD5.75%6.50%
IDFC First Bank FD6.00%6.50%
Bank of India FD2.85% to 5.20%3.35% to 5.95%
IndusInd Bank FD6.50%7.00%
Equitas Small Finance Bank5.25%5.75%
Punjab and Sind Bank5.30%5.80%

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