FD interest rates of SBI, HDFC Bank, Axis Bank, ICICI Bank and PNB compared
Updated : December 12, 2019 02:42 PM IST
Major banks reduced FD interest rates between 5 to 50 basis points in the last two weeks in line with falling lending rates. Fixed deposits are one of the many popular instruments for long-term savings and tax-saving purpose, mainly due to the safety of money and guaranteed returns. Here are the latest interest rates on fixed deposits of less than Rs 2 crore offered by SBI, Axis Bank, Punjab National Bank and HDFC Bank.