Several Indian banks have revised their fixed deposit (FD) interest rates, with rates as high as 8% per annum. Some of the key banks that have revised their FD rates include:
* SBI: 5.8% for 1-year FD, 6.3% for 3-year FD, and 6.8% for 5-year FD
* PNB: 5.5% for 1-year FD, 6.2% for 3-year FD, and 7.1% for 5-year FD
* Canara Bank: 5.7% for 1-year FD, 6.2% for 3-year FD, and 7.1% for 5-year FD
* HDFC Bank: 5.5% for 1-year FD, 6.2% for 3-year FD, and 7.2% for 5-year FD
* ICICI Bank: 5.6% for 1-year FD, 6.3% for 3-year FD, and 7.3% for 5-year FD
* YES Bank: 5.9% for 1-year FD, 6.5% for 3-year FD, and 7.4% for 5-year FD
These rates may vary depending on the investor’s age and tenure of the deposit. For example, senior citizens may be eligible for higher interest rates. Additionally, some banks may offer special schemes or bonus rates for deposits of higher amounts or for specific deposit periods. It’s always a good idea to check with the bank directly for the most up-to-date and accurate information.