Latest Bank FD rates 2019: SBI to HDFC Bank - Check who gives maximum returns

Bank FD Interest Rate 2019: Bank FD (Fixed Deposit) is one of the most attractive investment options among the salaried class. Its risk-free and offers an assured return which makes it highly popular. However, bank FD interest rate is different in each bank. So, before going for a Bank FD investment, an investor must check the interest rates given by various banks. It just needs a google search as all banks share such information on their website. So, giving few minutes in finding out the bank FD interest rate (that ensures your return post-maturity) will help you enhance your maturity return.

Source: Policybazaar.com

Doing a check of bank FD interest rate 2019, one would come across the findings that India's largest commercial bank State Bank of India or SBI is giving bank FD interest rate from 5 per cent to 7.75 per cent for a period 7 days to 10 years. For same time period, Axis Bank FD interest rate is 3.5 per cent to 7.25 per cent. In Yes Bank, FD interest rate for the period of 7 days to 10 years ranges from 5.5 per cent to 7.98 per cent. This bank FD interest rate is 4.5 per cent to 7.5 per cent in ICICI Bank while HDFC Bank FD interest rate ranges from 4 per cent to 7.5 per cent. The interest rate varies on the basis of time period an investor chooses. However, a glimpse of the bank FD interest rate indicates that Yes Bank is giving the highest return on bank FDs, followed by SBI, ICICI Bank, HDFC Bank and Axis Bank. So, an investor can easily decide which bank is most suitable for maximising their bank FD returns.

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Speaking on the bank FD interest rate SEBI registered tax and investment expert Jitendra Solanki said, "Bank FD is one of the most attractive investment options among the earning individuals as it can be done through net banking in few minutes and anything surplus in your bank account can be transferred into that bank FD account. The most interesting part in bank FD investment is its flexibility. If an investor feels some fund crisis or in any financial emergency, one can fish out this bak FD and after fishing out one's money from the bank FD, one would get an interest on the amount as per the saving bank account norms." He advised earning individuals to put their money in bank FD instead of saving bank accounts.