FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (2024)

Table of Contents
Invest in India's favourite investment product What is Fixed Deposit Benefits of Fixed Deposits Assured Returns Surety at Maturity Faster Growth with Compound Interest Higher Rates for Senior Citizens 3 reasons why you need to include FD in your portfolio Reduces portfolio risk Brings certainty of returns Ensures goals that can't be delayed are met without a worry Our Partner at ET Money Higher Returns Strong Financials Flexible Payout Option Earn up to 8.6% interest on FD Best FD Interest Rates in India 2024 How to Invest on ET Money Fill FD details Setup investment account Payment Why ET Money Frequently asked questions Is it safe to invest in FD on ET Money? Can I withdraw my money from an ET Money's FD? Am I eligible to invest in Fixed Deposit? What is the minimum and maximum amount that can be deposited in Fixed Deposit What are the types of Fixed Deposit? What happens to my Fixed Deposit if interest rate goes up or down? Is Fixed Deposit taxable? Can I close Fixed Deposit prematurely? What is the penalty charge for the premature closure? What is loan against FD

Invest in India's favourite
investment product

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (1)

Guaranteed returns mean you can plan your future with confidence

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (2)

Get money as per your needs with flexible interest payout

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (3)

Enjoy the magic of compounding as interest earned gets reinvested

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (4)

Senior Citizens and longer tenures get higher interest rates

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (5)

What is Fixed Deposit

A fixed deposit or FD is an investment product offered by banks and Non-Banking Finance Companies (NBFCs). In FDs, you invest for a set amount of time and get a fixed interest rate... read more

You know at the time of investing what interest rate you will get and how much money you will receive at the time of maturity. You also get an option of selecting regular payout of interest. read less

Benefits of Fixed Deposits

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (6)

    Assured Returns

    No matter how interest rates move or economy performs, you will get the returns fixed at the time of investing.

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (7)

    Surety at Maturity

    At the end of tenure, you get back the amount you put in along with the accumulated interest

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (8)

    Faster Growth with Compound Interest

    You earn interest on the interest amount too. This helps you accumulate a big amount with ease

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (9)

    Higher Rates for Senior Citizens

    Senior citizens can earn more from their life's savings and move one step closer to no-compromise retired life

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (10)

Get up to 8.6% returns on FD

Calculate

3 reasons why you need to include FD in your portfolio

Reduces portfolio risk

Investing a part of your money in products whose returns are not dependent on markets helps reduce overall risk

Brings certainty of returns

You can plan your future spends more confidently as you know how much money will come in and when

Ensures goals that can't be delayed are met without a worry

Assured returns, and safety of invested amount make sure you can meet these goals with ease.

Our Partner at ET Money

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (11)

Earn up to 8.6% interest on FD

Calculate the maturity amount and interest earned on your investment using online FD calculator

  • By Deposit Amount
  • By Target Amount

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (12)

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (13)

    Bajaj Finance Ltd.

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (14)

    SBI Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (15)

    ICICI Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (16)

    Axis Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (17)

    HDFC Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (18)

    Bank of Baroda

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (19)

    IDFC Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (20)

    Kotak Mahindra Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (21)

    Canara Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (22)

    Yes Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (23)

    IndusInd Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (24)

    Punjab National Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (25)

    IDBI Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (26)

    Union Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (27)

    Citibank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (28)

    RBL Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (29)

    Indian Bank

₹ error

months error

  • 7.4%

  • Monthly7.4% p.a.

  • Quarterly7.4% p.a.

  • Half-Yearly7.4% p.a.

  • Yearly7.4% p.a.

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (30)Great! You're eligible for extra 0.25% p.a. interest

Interest rate

7%

Interest rate may vary

Maturity amount

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (31)₹ 1,41,478

Assured extra earnings ₹24,343

Deposit Now

ICICI bank deposit is not available with us yet.

ICICI bank is giving lower interest by
0.35% than Bajaj Finance Ltd.

View details of Bajaj Finance Ltd. FD

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (32)

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (33)

    Bajaj Finance Ltd.

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (34)

    SBI Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (35)

    ICICI Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (36)

    Axis Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (37)

    HDFC Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (38)

    Bank of Baroda

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (39)

    IDFC Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (40)

    Kotak Mahindra Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (41)

    Canara Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (42)

    Yes Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (43)

    IndusInd Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (44)

    Punjab National Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (45)

    IDBI Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (46)

    Union Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (47)

    Citibank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (48)

    RBL Bank

  • FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (49)

    Indian Bank

See Also
PNB FD Rates 2023 - Updated Fixed Deposit Interest Rates

  • Monthly7.4% p.a.

  • Quarterly7.4% p.a.

  • Half-Yearly7.4% p.a.

  • Yearly7.4% p.a.

₹ error

months error

₹ error

months error

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (50)Great! You're eligible for extra 0.25% p.a. interest

Interest rate

7.0%

Interest rate may vary

You need to invest in total

₹ 8,20,000

Assured extra earnings
₹3 Lakh

Getting ₹3 Lakh
assured returns

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (51)You will receive ₹5,000 monthly and ₹8,20,000 on maturity as principal amount

Deposit Now

ICICI bank deposit is not available with us yet.

ICICI bank is giving lower interest by
0.35% than Bajaj Finance Ltd.

View details of Bajaj Finance Ltd. FD

Best FD Interest Rates in India 2024

NameBank / NBFCRegular FD RatesSenior Citizen's FD Rates
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (52)Bajaj Finance Ltd. (NBFC) NBFC8.35% 8.6% Deposit Now
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (53)SBI Bank Bank7.00% 7.50% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (54)ICICI Bank Bank7.10% 7.65% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (55)Axis Bank Bank7.10% 7.75% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (56)HDFC Bank Bank7.20% 7.75% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (57)Bank of Baroda Bank7.25% 7.75% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (58)IDFC Bank Bank7.75% 8.25% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (59)Kotak Mahindra Bank Bank7.25% 7.75% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (60)Canara Bank Bank7.40% 7.90% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (61)Yes Bank Bank7.75% 8.25% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (62)IndusInd Bank Bank7.85% 8.25% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (63)Punjab National Bank Bank7.25% 7.75% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (64)IDBI Bank Bank7.00% 7.50% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (65)Union Bank Bank7.25% 7.75% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (66)Citibank Bank7.10% 7.75% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (67)RBL Bank Bank8.00% 8.50% View details
FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (68)Indian Bank Bank7.25% 7.75% View details

How to Invest on ET Money

  • Fill FD details

    Select amount, tenure and interest payout type

  • Setup investment account

    Setup your Investment Account with MONEY by entering few details

  • Payment

    Make payment and your FD is done

Why ET Money

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (69)

Fast, easy and
paperless

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (70)

One-tap FD creation once your account is created.

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (71)

Multiple payments including Netbanking, UPI, NACH, and E-Mandate

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (72)

Assured 100% security and round-the-clock customer support

Frequently asked questions

Is it safe to invest in FD on ET Money?

NBFCs and Company FDs with high credibility ratings ensure that there are no delays in interest payouts, and your investment remains safe.

As the only Indian NBFC with an international rating of 'BBB' by S&P Global, Bajaj Finance Fixed Deposit is a good choice for investors seeking safe avenues to deposit their capital. It has also been certified with highest stability ratings with CRISIL's AAA/Stable & ICRA's AAA/Stable ratings. So this online FD offered on ET Money is one of the safest investment avenues, where your money remains unaffected by market fluctuations.

Can I withdraw my money from an ET Money's FD?

  • Upto 3 months from date of deposit: Withdrawal is not permitted.
  • After 3 months but before 6 months: Interest shall not be payable.
  • After 6 months but before the date of maturity: The rate of interest shall be 2% lower than the rate specified for the period during which the scheme has run. In case of no rate being specified for the deposit period, interest rate payable shall be 3% lower than the lowest rate offered by the BFL.

Am I eligible to invest in Fixed Deposit?

You can invest in Fixed Deposit if you are:

  • Resident Indians
  • Hindu Undivided Family (HUF)
  • Group Companies, Limited Companies, Partnership Firms
  • Sole Traders
  • Associations, Clubs and Societies
  • Family Trusts
  • Minors (through their natural or legally appointed guardian)

What is the minimum and maximum amount that can be deposited in Fixed Deposit

Minimum amount varies across Banks and NBFCs. It normally ranges from ₹1000 to ₹25,000. There is no upper limit on the maximum amount that can be deposited in Fixed Deposit.

What are the types of Fixed Deposit?

There are two types of Fixed Deposit: Cumulative and Non-cumulative. In Cumulative FD, you get interest payout at maturity along with the principal amount. In Non-cumulative FD, you get interests gains periodically at regular intervals(monthly, quarterly, half-yearly and yearly) and principal amount at maturity.

What happens to my Fixed Deposit if interest rate goes up or down?

FD is locked with a specific rate, you will continue to receive that rate till maturity, even if interest rates change later. If you wish to avail the new rate, you need to invest in a new Fixed Deposit.

Is Fixed Deposit taxable?

Yes, interest earned from FD is taxable. TDS is deducted on interest earned if it exceeds by ₹5000 per annum. However, you can submit form 15G/H to the Bank or NBFC to avoid tax deduction.

Can I close Fixed Deposit prematurely?

Yes, you can withdraw money prematurely.

What is the penalty charge for the premature closure?

FD is locked with a specific rate, you will continue to receive that rate till maturity, even if interest rates change later. If you wish to avail the new rate, you need to invest in a new Fixed Deposit.

What is loan against FD

In case of emergencies, instead of breaking Fixed Deposit, you can obtain loan against the deposited amount. The sanctioned amount is usually 60-75% of the fixed deposit amount and is offered at a competitive interest.

FD (Fixed Deposit) Interest Rates: Best FD Rates of Top Banks 2024 (2024)
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