Banks FD interest rates 2023

Banks FD interest rates 2023 | Best Bank for Fixed Deposit | FD interest rates 2023

FD (Fixed Deposit) is such an investment option, in which you have been given a better rate of interest than other options, but there are many rules inside Fixed Deposit, like you can invest money in it for a fixed time, less in it. Less interest is given for the time and more interest is given within the investment of longer time

There are different advantages and disadvantages of such Fixed Deposit. Along with Fixed Deposit, there are many other benefits as well such as loan against FD. You can avail loan up to 90% of your deposit amount at very low interest rates. Investing in tax saving fixed deposits will get tax exemption and all banks keep changing FD interest rates from time to time.

The Reserve Bank of India raised its key repo rate by 35 bps to 6.25% during its December meeting Annual inflation eased to 6.77% in October, lower than September’s five-month high of 7.41%. Although inflation reached a three-month low in October, due to which the bank’s FD interest rates have also changed, so in this article we will tell you in detail about Banks FD interest rates 2023.

1 Year FD Interest Rate in All Private Bank

If we talk about the interest rate of 1 year FD, then the maximum interest is given by Bandhan Bank at 7.50%, similarly all the banks provide different interest rates within both the categories.

FD interest rates 2023

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2 Years FD Interest Rate in All Private Bank

If we talk about the interest rate of 2 years FD, then the highest interest is given by DCB Bank at 8.25%, similarly all the banks provide different interest rates within both the categories.

3 Years FD Interest Rate in All Private Bank

If we talk about the interest rate of 3 years FD, then the highest interest is given by DCB Bank at 8.25%, similarly all the banks provide different interest rates within both the categories. FD interest rates 2023

5 Years FD Interest Rate in All Private Bank

If we talk about the interest rate of 5 years FD, then the highest interest is given by DCB Bank at 7.75%, similarly all the banks provide different interest rates within both the categories. FD interest rates 2023

FD interest rates 2023

Popular & Spacial FD in All Private Bank

There are also some Popular & Spacial FDs, more interest is given in these, but it directly depends on the repo rate, in these the time is also different, the time is from a few days to years and the repo rate is up and down, so is the interest. The rate also varies.

Best FD Plan 2023

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