Fixed Deposit (FD) Comparison of SBI, HDFC Bank, Canara Bank and Bank of Baroda

FD Rates SBI, HDFC Bank, Canara Bank, Bank of Baroda: In this article, we will compare the interest rates on Fixed Deposit (FD) offered by SBI, HDFC Bank, Canara Bank and Bank of Baroda.

Canara Bank has revised the interest rate on its Fixed Deposit (FD) on March 1, 2022 by up to 25 basis points. SBI, HDFC Bank and Bank of Baroda (BOB) have increased their fixed deposit interest rates in February 2022. The interest rate charged on FDs of all banks varies according to their deposit tenure. Before making a fixed deposit, it is necessary to compare the interest rates on FDs of all banks.

Here we will compare the new interest rates on Fixed Deposits (FDs) of SBI, HDFC Bank, Canara Bank and Bank of Baroda.

Canara Bank’s new FD interest rates

According to the new interest rate, an interest rate of 2.90% is available on getting an FD in Canara Bank for 7 to 45 days. Interest rates on FDs ranging from 46 to 90 days, 91 to 179 days and 180 to 1 year are 3.9%, 3.95% and 4.40% respectively. An interest rate of 5.1% is available on getting FD for 1 year and 5.15% for getting FD for 1 year to 2 years. An interest rate of 5.2% is available on getting FD for 2 to 3 years and 5.45% for getting FD for 3 to 5 years. An interest rate of 5.5% is given on getting an FD for 5 to 10 years.

New FD interest rates from Bank of Baroda

According to the new interest rate, an interest rate of 2.8% is available on getting FD in Bank of Baroda for 7 to 45 days. 3.7% interest rate is available on getting FD from 46 to 180 days. An interest rate of 5% is available on getting FD for 1 year and 5.1% for getting FD for 1 year to 3 years. Bank of Baroda gives an interest rate of 5.25% on getting FD for 3 to 10 years.

SBI’s new FD interest rate

SBI FDs for 7 days to 10 years offer interest rates ranging from 2.9% to 5.5% to its customers. Senior citizens are offered interest rates ranging from 3.4% to 6.30%.

HDFC Bank new FD interest rates

HDFC Bank offers 2.50% to 5.60% interest on FDs between 7 days to 10 years. Offers 3% to 6.35% interest rate on FDs between 7 days to 10 years to senior citizens. This interest rate has been implemented with effect from February 14, 2022.

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