FD interest rates: These 8 banks offer the highest returns on fixed deposits

Core Insights - The article emphasizes the importance of comparing interest rates from different banks before opening a fixed deposit (FD) account to maximize returns [1] - It highlights that the highest interest rates are not always associated with the longest tenors, indicating variability in returns based on specific deposit durations [2] Summary of Interest Rates by Banks - HDFC Bank: Offers 6.6% for regular citizens and 7.1% for senior citizens on deposits with a tenor of 18 to 21 months, effective from June 25, 2025 [3] - ICICI Bank: Provides 6.6% interest for regular citizens on 2-year deposits and 7.1% for senior citizens [3] - Kotak Mahindra Bank: Offers 6.6% for regular citizens on deposits between 390 days and 23 months, and 7.1% for senior citizens, effective from August 20 [4] - Federal Bank: Provides 6.7% interest for regular citizens on 999-day FDs and 7.2% for senior citizens, effective from August 18 [4] - State Bank of India (SBI): Offers 6.45% for regular citizens on 2-3 year FDs and 6.95% for senior citizens [5] - Punjab National Bank (PNB): Provides 6.6% interest on 390-day FDs for regular citizens and 7.1% for senior citizens, effective from September 1 [6] - Union Bank of India: Offers 6.6% for regular citizens and 7.1% for senior citizens on 3-year deposits, effective from August 20, 2025 [6] - Canara Bank: Provides 6.5% for regular citizens and 7% for senior citizens on 444-day term deposits, effective from August 7 [7]