Latest bank FD rates: What SBI, ICICI, HDFC Bank, Axis Bank, PNB offer
Excess cash with banks averaged Rs39,700 crore ($6.2 billion) last week, compared to a peak of more than 5 trillion rupees in March, according to Bloomberg Intelligence India Banking Liquidity Index. Photo: Hemant Mishra/MintPremium
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It's better to compare the FD interest rates offered by various banks
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State Bank of India (SBI), HDFC Bank, ICICI Bank and Axis Bank offer fixed deposits (FDs) for tenures ranging from 7 days to 10 years. It's always important to compare the FD interest rates offered by various banks before parking your money any FD deposit. SBI and Axis Bank revised the interest rates on term deposits this month. Let's take a look at the latest FD interest rates offered by SBI, ICICI Bank, HDFC Bank, Axis Bank and Punjab National Bank (PNB)