Core Insights - The article emphasizes the importance of comparing fixed deposit (FD) interest rates across different banks, particularly for senior citizens who receive an additional 50 basis points on their deposits [1] Bank Interest Rates Summary - **HDFC Bank**: Offers the highest interest rate of 7.1% for senior citizens on a tenor of 18-21 months, with rates ranging from 6.75% to 6.9% for tenors between 1-5 years [2] - **ICICI Bank**: Provides an interest rate of 7.2% for tenors of 2 to 5 years, starting from 6.75% for a 1-year tenor for senior citizens [2] - **Kotak Mahindra Bank**: Offers 7.2% interest on FDs with tenors between 391 days to less than 2 years, and 6.75% for a 1-year deposit [3] - **Federal Bank**: Provides a competitive interest rate of 7.2% on a 36-month FD for senior citizens, with a 1-year tenor offering 6.75% [4] - **State Bank of India (SBI)**: The largest bank in India offers 7.05% interest for tenors between 5 to 10 years, including a 50 basis points premium under the SBI We Care program [5] - **Canara Bank**: Offers 7% interest on a 444-day FD for senior citizens, with a 1-year tenor also providing 6.75% [5] - **Union Bank of India**: Provides 7.1% interest on a 3-year FD for senior citizens, with a 1-year tenor offering 6.9% [6]

Core Insights - Conservative investors prefer fixed deposits (FDs) for their safety and fixed returns, but should compare interest rates across banks before investing [1] - A difference of 50 basis points can lead to significant additional income, especially with larger amounts and longer tenors [2] Interest Rates Offered by Banks - HDFC Bank offers 6.45% for regular citizens and 6.95% for senior citizens on three-year FDs, with the highest rates for tenors between 18 and 21 months [3] - ICICI Bank provides 6.6% for regular citizens and 7.2% for senior citizens on three-year FDs [3] - Kotak Mahindra Bank offers 6.4% for regular citizens and 6.9% for senior citizens on three-year FDs, with higher rates for tenors between 391 days and less than two years [4] - Federal Bank has rates of 6.7% for regular citizens and 7.2% for senior citizens on three-year FDs, which are the highest offered by the bank [4] - State Bank of India (SBI) offers 6.3% for regular citizens and 6.8% for senior citizens on three-year FDs, with the highest rates for tenors between two and three years [5] - Canara Bank provides 6.25% for regular citizens and 6.75% for senior citizens on three-year FDs, with the highest rates for a tenor of 444 days [5] - Union Bank of India offers 6.6% for regular citizens and 7.1% for senior citizens on three-year FDs [6]

Core Insights - The article discusses the interest rates offered by various banks on fixed deposits, highlighting the differences between private and government sector banks [1] Private Banks - HDFC Bank offers 7.10% interest to senior citizens for fixed deposits with a tenor of 18 to 21 months, while general citizens receive 6.6% [2] - ICICI Bank provides 7.10% on fixed deposits with a tenor between 2 to 10 years for senior citizens and 6.6% for general citizens [2] - Kotak Mahindra Bank also offers a maximum interest of 7.1% to senior citizens for a 23-month tenor, with general citizens receiving 6.6% [2] - Federal Bank offers 7.2% interest for senior citizens on a tenor of 999 days and 6.7% for general citizens [3] - A summary table lists various banks and their respective interest rates, showing HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Federal Bank offering rates between 7.1% and 7.2% for senior citizens [4] Government Sector Banks - State Bank of India (SBI) offers 6.95% interest for senior citizens on a tenor of 2 to 3 years, while general citizens receive 6.45% [5] - Union Bank of India provides 6.6% interest on fixed deposits with a tenor of 3 years, with general citizens earning 50 basis points less than senior citizens [5] - Punjab National Bank (PNB) offers 7.10% interest on a 390-day tenor [6] - Canara Bank provides 7% interest for senior citizens on a 444-day tenor and 6.5% for general citizens [6]

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]

Core Insights - Comparing interest rates across banks is crucial before opening a fixed deposit account, as even a small difference can significantly impact total earnings [1] Interest Rates Offered by Banks - HDFC Bank offers 6.6% for tenures between 18-21 months for regular investors and 7.10% for senior citizens, effective from June 25 [2] - ICICI Bank provides 6.6% for tenures above 2 years for regular investors and 7.10% for senior citizens [3] - Kotak Mahindra Bank also offers 6.6% for regular citizens and 7.1% for senior citizens for tenures between 391 days to 23 months, effective from August 20 [3] - Union Bank of India offers 6.6% per annum for three years, effective from August 20 [3] - State Bank of India (SBI) provides 6.45% for tenures between 2-3 years for regular citizens and 6.95% for senior citizens, effective from July 15, 2025 [4] - Bank of Baroda offers 6.60% as part of the BOB Square Drive Deposit Scheme (444 days) for regular depositors and 7.10% for senior citizens, effective from September 12, 2025 [4]