FDs are considered one of the safest investment options as it offers guaranteed return and is risk-free. But are they a better option over a debt fund or equities as RBI is on an interest rate hike spree.
|Name of Bank||For General Citizens (p.a.)||For Senior Citizens (p.a)|
|State Bank of India||2.90% to 5.50%||3.40% to 6.30%|
|HDFC Bank||2.75% to 5.75%||3.25% to 6.50%|
|Kotak Mahindra Bank||2.50% to 5.90%||3.00% to 6.40%|
|Punjab National Bank||3.00% to 5.60%||3.50% to 6.10%|
|Canara Bank||2.90% to 5.75%||2.90% to 6.25%|
|Axis Bank||2.50% to 5.75%||2.50% to 6.50%|
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