Bank FD Interest Rate Latest in 2023 | Highest FD Interest Rate

Bank FD Interest rates. If you want to know about the FD interest rates of different banks, then you have come to the right place. Here, we created a list of FD interest rates in 2023 of all banks with 1, 2, 3, and 5-year plans. So read this guide carefully.

A fixed deposit is a very good investment option for those who want to get good interest on their deposited money. You can easily invest your money in a fixed deposit but there is a fixed time limit to get bank deposit interest rates. When you invest money for a short time, then you will get a low FD interest rate. On the other hand, funding for a long time will help you to get a high bank FD interest rate

So, in this guide, I am going to share a list of all bank interest rates. 

What are the benefits of a Fixed Deposit? 

There are lots of benefits and some disadvantages to fixed deposits. The main benefit is that you can get a loan on a Fixed deposit. Bank allows you to get 90% of the loan of your deposited money with a low-interest rate. If you invest in a tax-saving fixed deposit scheme, you can get tax exemption on investment. 

In December, the Reserve Bank of India increased its repo rate to 6.25 %. The yearly interest rate decreased to 6.77% which is less than the highest level of 7.41% in September. As a result, FD interest rates also changed. So, we are going to share a new FD internet rates list of all banks. 

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1-Year FD Interest Rates List of All Banks

If we talk about Bank FD interest rates for 1 year, then Bandhan Bank provides the highest interest among all of them which is around 7.50 %. Let’s know about the 1-year interest rate of other banks. 

Bank FD Interest Rate For Senior Citizen
Yes Bank 7.00 %7.50 %
Kotak Bank 6.25 % 6.75 % 
HDFC Bank 6.10 % 6.60 % 
ICICI Bank 6.10 % 6.60 % 
IDFC First Bank 6.50 % 7.00 % 
Federal Bank 6.25 % 6.75 % 
DCB Bank6. 75 % 7.25 % 
Bandhan Bank7.00 % 7.50 % 
Axis Bank 6.25 % 7.00 % 
IndusInd Bank 6.75 % 7.25 % 
DCB Bank6.75 % 7.25 % 
RBL Bank 7.00 %7.50 % 
State Bank of India 6.75 %7.25 % 
Punjab National Bank 6.75 % 6.75 %
Bank of Baroda 6.75 % 7.25 % 

Read More: ICICI Bank Statement 2023 | How to download ICICI Bank Statement

Bank FD Interest Rate Latest in 2023

2 Years FD Interest Rate List of All Banks

If we talk about 2 2-year FD Interest Rate, then DCB Bank provides the highest interest rate of 8.25%. Let’s know about the 2-year interest rate of other banks. 

Bank FD Interest Rate For Senior Citizen 
Kotak Mahindra Bank FD Interest Rate 6.50 % 7.00 % 
IndusInd Bank FD Interest Rate7.25 % 7.75 % 
ICICI Bank FD Interest Rate6.50 % 7.00 % 
DCB Bank FD Interest Rate7.50 % 8.25 % 
IDBI Bank FD Interest Rate6.25 % 7.00 % 
HDFC Bank FD Interest Rate6.50.% 7.00 % 
Yes Bank FD Interest Rate7.00 % 7.50 % 
Federal Bank FD Interest Rate6.40 % 6.90 % 
Bandhan Bank FD Interest Rate7.00 % 7.50 % 
Axis Bank FD Interest Rate6.50 % 7.25 % 
IDFC First Bank FD Interest Rate6. 75 % 7.25 % 
RBL Bank FD Interest Rate7.00 % 7. 50 % 
State Bank of India FD Interest Rate6.75 % 7.25 % 
Punjab National Bank FD Interest Rate6.75 % 6.50 % 
Bank of Baroda FD Interest Rate6.75 % 7.25 % 

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3 Years FD Interest Rate List of All Banks

DCB Bank is the only bank that provides the highest FD interest in 3 years which is 8.25%. Now, let’s know about the 3 years’ latest FD rates of all banks.

Bank FD Interest Rate For Senior Citizen 
Kotak Mahindra Bank FD Interest Rate6.40 % 6.90 % 
HDFC Bank FD Interest Rate6.50 % 7.00 % 
IDBI Bank FD Interest Rate6.25 % 7.00 % 
IndusInd Bank FD Interest Rate7.00 % 7.50 % 
ICICI Bank FD Interest Rate6.60 % 7.10 % 
Federal Bank FD Interest Rate6.50 % 7.00 % 
DCB Bank FD Interest Rate7.50 % 8.25 % 
Axis Bank FD Interest Rate6.50 % 7.25 % 
Yes Bank FD Interest Rate7.00 % 7.50 % 
IDFC First Bank FD Interest Rate6.50 % 7.00 % 
RBL Bank FD Interest Rate7.00 % 7.50 % 
Bandhan Bank FD Interest Rate7.00 % 7.50 % 
Punjab National Bank FD Interest Rate6.75 % 6.50 % 
State Bank of India FD Interest Rate6.25 % 6.75 % 
Bank of Baroda FD Interest Rate6.75 % 7.25 % 

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5 Years FD Interest Rate List of All Banks

DCB Bank provides a high FD interest rate in the 5-year plan which is 7.75 %. There are lots of other banks which have good bank FD interest rates. 

Bank FD Interest Rate For Senior Citizen 
Kotak Mahindra Bank 6.25 % 6.75 % 
IDFC First Bank 6.50 % 7.00 % 
IndusInd Bank 6.75 % 7.50 % 
State Bank of India 6.25 % 7.25 % 
Axis Bank 6.50 % 7.25 % 
HDFC Bank6.50 % 7.00 % 
Federal Bank 6.50 % 7.00 % 
ICICI Bank6.60 % 7.10 % 
Bandhan Bank 7.00 % 7.50 % 
DCB Bank 7.25 % 7.75 % 
Yes Bank 6.75 % 7.50 % 
RBL Bank 6.55 % 7.05 % 
Punjab National Bank 6.50 % 6.25 % 
Bank of Baroda 6.25 % 6.90 % 
IDBI Bank6.10 % 6.85 % 

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What are the Best and most Popular FD Interest Rates of All Banks?

There are some popular FD schemes where you can get a good amount of FD interest rates. These schemes have some fixed time and fixed interest rate which changes according to changes in repo rate.

Bank FD Interest Rate For Senior Citizen 
IDBI Bank 7.00 % 7.50 (20-22 months)
IDBI Bank 6.50 % 7.00 (555 days)
Yes Bank 6.75 % 7.50 (20-22 months)
Yes Bank 7.50 % 8.00 (18 to 36 months)
Kotak Bank 6.40 % 6.90 (390 days)
Kotak Bank 6.50 % 7.00 ( 23 months)
IDFC Bank 7.25 % 7.75 (750 days)
Bandhan Bank 7.00 % 8.00 (600 days)
Federal Bank 7.25 %7.75 (700 days)
RBL Bank 7.55 % 8.05 (453 to 725 days)

What are the FD interest rates in the Post Office?

You need to know that apart from the bank, the post office also provides a good interest rate to the customers. We have listed below the FD interest rate of the post office.

Post Office FD Interest Rates 2023

Time Period FD Interest Rate The interest rate for Senior Citizens 
1 year 5.50 % 5.50 % 
1 year to 2 years 5.70 % 5.70%
2 years to 3 years 5.80 % 5.80 %
3 years to 5 years 6.70 % 6.70 % 

Read More: Bank of India Net Banking Registration | How to Activate BOI Net Banking

Conclusion

Now you know about the FD interest rates of all banks. Every bank has selected different interest rates for different periods. If you want to invest some money to get a higher return after some years, then FD investment can be the best option for you. Some banks provide FD interest rates of 7 to 8 %. 

We have listed interest rates for all banks like Axis Bank FD interest rates, Canara Bank FD interest rates, HDFC Bank FD interest rates, FD interest rates SBI, etc. 

I hope you enjoyed this post and got valuable information about all bank’s FD interest rates. Share this article with your friends and family and help us in getting more visitors.

People Also Ask

Which bank provides Higher interest rates?

Among all banks, Axis Bank provides a higher FD interest rate of 7.00 %.

Which bank gives an interest rate of 7% every month.

Jana Small Finance Bank provides an interest rate of 7% every month.

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