Top 10 Highest Paying Fixed Deposit Interest Rates in India 2021

In this modern era, lots of investment options are available. But, Fixed Deposit is the safest option. Because there is no risk of the market's ups and downs, it gives the surety of consistent return. It also helps in tax deduction. It also provides flexible interest rates as per tenure and amount. So, everyone should invest a small % of their investment in FDs.

Here is a list of Top 10 Highest Paying Bank Interest rates (for below rs.2cr.) :

Name of Bank	For General Citizen (p.a)	For Senior Citizen (p.a)
Axis Bank	5.75	6.50
IDFC Bank	5.75	6.25
HDFC Bank	5.50	6.25
State Bank of India	5.40	6.20
Punjab and Sind Bank	5.30	5.60
Punjab National Bank	5.25	5.75
Bank of Baroda	5.25	5.75
Canara Bank	5.25	5.75
Bank of India	5.05	5.55
ICICI Bank	4.40	4.40

1. Axis Bank

It provides an interest rate of (2.50-5.75) per annum for general citizens.
It provides an interest rate of (2.50-6.50) per annum for senior citizens.
It provides a tenure period ranging from 7days - 10 years.

2. IDFC Bank

It provides an interest rate of (2.75-5.75) per annum for general citizens.
It provides an interest rate of (3.25-6.25) per annum for senior citizens.
It provides a tenure period ranging from 7days - 10 years.

3. HDFC Bank

It provides an interest rate of (2.50-5.50) per annum for general citizens.
It provides an interest rate of (3.00-6.25) per annum for senior citizens.
It provides a tenure period ranging from 7days - 10 years.

4. State Bank of India

It provides an interest rate of (2.90-5.40) per annum for general citizens.
It provides an interest rate of (3.40-6.20) per annum for senior citizens.
It provides a tenure period ranging from 7days - 10 years.

5. Punjab and Sind bank

It provides an interest rate of (3.00-5.30) per annum for general citizens.
It provides an interest rate of (3.50-5.60) per annum for senior citizens.
It provides a tenure period ranging from 15days - 10 years.

6. Punjab National Bank

It provides an interest rate of (2.90-5.25) per annum for general citizens.
It provides an interest rate of (3.50-5.75) per annum for senior citizens.
It provides a tenure period ranging from 7days - 10 years.

7. Bank of Baroda

It provides an interest rate of (2.80-5.25) per annum for general citizens.
It provides an interest rate of (3.30-5.75) per annum for senior citizens.
It provides a tenure period ranging from 7days - 10 years.

8. Canara Bank

It provides an interest rate of (2.90-5.25) per annum for general citizens.
It provides an interest rate of (2.50-6.50) per annum for senior citizens.
It provides a tenure period ranging from 7days - 10 years.

9. Bank of India

It provides an interest rate of (2.85-5.05) per annum for general citizens.
It provides an interest rate of (3.25-5.55) per annum for senior citizens.
It provides a tenure period ranging from 7days - 10 years.

10. ICICI Bank

It provides an interest rate of (2.50-4.40) per annum for general citizens.
It provides an interest rate of (2.50-4.40 per annum for senior citizens.
It provides a tenure period ranging from 7days - 10 years.

You have to select which is suitable for your investment. Some factors play a great role in choosing the option, Such as age, Investment tenure, Amount, etc.

Compare Interest Rates and Invest Accordingly. (These Interest Rates are written here on 26th Aug 2021.)