Best FD rates: Small finance banks offer the highest interest on fixed deposits, with DCB Bank and Punjab & Sind Bank offering the best rates among private and public sector banks respectively
Your fixed deposit with a bank is guaranteed to only Rs 5 lakh per bank, in deposits held across all its branches put together. However corporate FDs with a good credit rating are just as safe but come without the deposit insurance cover and perceived government-backing.
SBI Vs HDFC Bank Vs PNB FD Interest Rates: A detailed comparison of the current fixed deposit (FD) interest rates offered by three lenders SBI, HDFC Bank and ICICI Bank on deposits below Rs 2 crore