Investors eyeing a 5-year horizon can explore a variety of fixed deposit options.
New Delhi: As investors seek stable and lucrative options, fixed deposits (FDs) emerge as a popular choice. Especially enticing are the 5-year FDs, known for their competitive interest rates. Let’s explore the top offerings from some renowned banks in India.
5-Year FD Rates 2023
Investors eyeing a 5-year horizon can explore a variety of fixed deposit options. While tax-saving plans are prevalent, there are alternative FDs that provide attractive interest rates within this tenure.
SBI’s 5-Year FD Rates 2023
State Bank of India (SBI) stands tall, offering a noteworthy interest rate of 6.5 percent per annum for 5-year FDs to regular term deposit holders. Senior citizens enjoy an even higher rate of 7.5 percent per annum.
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Axis Bank’s 5-Year FD Rates 2023
Axis Bank, a stalwart in the banking sector, presents an enticing interest rate of 7 percent per annum for 5-year fixed deposits. Senior citizens benefit from a higher interest rate of 7.75 percent per annum.
HDFC Bank’s 5-Year FD Rates 2023
HDFC Bank enters the fray with a compelling interest rate of 7 percent per annum for 5-year fixed deposits. Senior citizens, too, receive an attractive rate of 7.5 percent per annum.
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ICICI Bank’s 5-Year FD Rates 2023
ICICI Bank remains a strong contender, offering a competitive interest rate of 6.9 percent per annum for 5-year fixed deposits. Senior citizens enjoy an elevated rate of 7.5 percent per annum.
