Bank FD: These 6 banks are giving bumper interest on 5 year FD, see the list

News Club (Bureau). Despite having many investment options in the market, people prefer to invest money in FD i.e. Fixed Deposits (Fixed Deposits Interest Rates). The biggest reason behind this is safe investment and guaranteed returns. For the last two-three years, banks have been continuously increasing the interest rates of FD. In such a situation, investors have got huge profits. 

That is why everyone from youth to senior citizens prefer to invest in FD (Best FD Rate). In this, you can invest for a period of 7 days to 10 years. The interest rate of FD (FD Rate) varies according to the period. 

Along with this, the interest received on FD (Top banks for fixed deposits) in private and government banks is also different. In such a situation, it is better to compare the interest rates of banks before investing. 

These banks are giving the highest interest - 

If you want to invest in FD and are looking for the highest interest paying banks (Highest FD interest rates), then this news is of your use. Today we are going to tell you about those banks of the country. 

Which are offering the highest interest on five-year FD (Best 5-year FD rates 2024). In this list, State Bank of India, Bank of Baroda, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Punjab National Bank are giving high interest on FD. Let's know - 

State bank of india

The country's largest public sector bank, State Bank of India, offers 6.5 percent interest to general citizens and 7.5 percent interest to senior citizens on 5-year FDs. However, the country's largest lender offers the highest interest rate of 7 percent on FDs of 2 to 3 years.

Bank Of Baroda

Bank of Baroda (BOB) gives 6.5 percent annual interest to general citizens and 7.15 percent to senior citizens on 5-year FD. In Bank of Baroda's special FD scheme, Monsoon Dhamaka, general customers get the highest interest of 7.25 percent. The duration of this FD is 399 days.

HDFC Bank-

The country's largest private bank HDFC Bank gives 7 percent interest to general citizens and 7.5 percent annual interest to senior citizens on 5-year FD. At the same time, the bank gives the highest interest of 7.4 percent to customers on 55 months FD.

ICICI Bank- 

ICICI Bank offers 7% interest to general citizens and 7.5% interest to senior citizens on 5-year fixed deposits. As far as the bank's highest interest-paying FD is concerned, the bank offers 7.25 percent interest on FDs of 15 to 18 months. 

Kotak Mahindra Bank -

Kotak Mahindra Bank offers 6.2% interest to general citizens and 6.7% interest to senior citizens on FD of 5 years. Kotak Mahindra Bank gives the highest interest of 7.4% to its customers on FD of 390 days.