ZFunds

Fixed deposits are a great way to put your savings to good use and earn interest on the same. This is the reason why FDs are the most popular financial instruments for the people of India to park their funds. But then one question arises – which bank to choose to create an FD? Well, this article is the answer to this question. Here you will find details about all the banks offering the best FD interest rates in India. So, without any further ado, let us begin.  Bank of Baroda – The highest Bank of Baroda fixed deposit interest rates for regular and senior citizens stand at 5.50 percent and 6.50 percent, respectively. Please note that these interest rates are for deposits of up to INR two crores.  HDFC Bank – Unarguably the biggest private sector bank in India, HDFC Bank offers you 6.10 percent annual returns for FDs (up to INR two crores) for a tenure of three years and one day to five years.  Axis Bank – One of the biggest private banks in India, Axis Bank is offering t...

  While most people open a fixed deposit account with banks, there are many that go for term deposits with NBFCs or non-bank finance companies. Why? Because often, these NBFCs offer higher interest rates. And when you are looking to earn higher FD interest, then look no further than Mahindra Finance. One of the most trusted NBFCs in the country, it offers interest rates much higher than most other term deposit offering entities in India. Owing to the high Mahindra Finance fixed deposit interest rates , more and more people are opening FD accounts with Mahindra Finance. Mentioned below are all the details you need about Mahindra Finance FD rates.  Mahindra Finance FD Rates 2022 Dhanvruddhi Cumulative Scheme: This scheme allows you to earn up to 7.40 percent interest on your term deposit of up to INR 1 crore.  Samruddhi Cumulative Scheme: With this FD scheme, you can enjoy Mahindra fixed deposit interest rates of 7.25 percent on five year deposits of up to INR 1 crore....