FD Interest Rates: Apart from both government and non-government banks in the country, there are also financial companies that offer fixed deposit schemes with different tenures to their customers. Many investors prefer to adopt fixed deposits as a safe investment. Banks pay interest at a fixed rate on the amount deposited in FD. FD schemes are available with different tenures. If you are thinking of making a fixed deposit for 5 years, then let us tell you about 5 such banks which are giving more interest on 5-year FD.
State Bank of India
State Bank of India (SBI) is the largest government bank in the country. The trust of many customers rests on this bank. Whether it is to open a bank account or invest in a scheme, many customers prefer to adopt SBI. The bank also keeps introducing various schemes for its customers. State Bank of India is giving 6.5% interest on 5-year FD. You can deposit your money for 5 years.
Punjab National Bank
The country’s government bank, Punjab National Bank (PNB) also offers the benefit of fixed deposit scheme. The bank is giving 6.55 percent interest on 5-year fixed deposit. You can go to the bank and get your money FD done. Schemes are available with different periods and interest.
HDFC Bank
The largest private sector bank HDFC also keeps offering special offers to its customers. HDFC Bank is giving 7 percent interest on 5-year fixed deposit. Apart from this, the bank also has FD schemes available with different tenures.
Bank of Baroda
Fixed deposit schemes are offered by Bank of Baroda with different tenures. One of these is also a 5-year tenure FD scheme. Investing in this, customers get the benefit of up to 6.50 percent annual interest.
ICICI Bank
ICICI Bank is also a private bank and it also provides fixed deposit facility to its customers with higher interest rates. If you adopt the bank’s 5-year tenure fixed deposit scheme, you will get 7 percent annual interest.
