FD Interest Rate Comparison: Fixed Deposit is a safe instrument that allows investors to deposit their money in banks and earn a fixed return until the maturity of the deposit. Several banks offer different interest rates on the deposits depending on the maturity period.

FD interest rates generally range between 3% and 8%, depending on the tenure of the deposit. Senior citizens often benefit from an extra 0.5% interest rate, making FDs even more appealing for retirement savings.

Before investing, it’s essential to compare interest rates across different banks to maximise your returns. In this article, we have reviewed the FD interest rates offered by four leading banks, helping you make a well-informed choice.

Suryoday Small Finance Bank is offering the highest rate of 8.05% per annum

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