FIXED DEPOSITS 

TOP 6 BANKS OFFERING THE HIGHEST RATES ON 5-YEAR FDs

It is recommended to compare interest rates among different banks before opening a fixed deposit (FD) account, as longer tenures usually offer higher rates.

Here are the 6 banks offering the highest rates on 5-year FDs:

State Bank of India

Offers 6.5% on five-year FDs for regular citizens and 7.5% for seniors; the highest rate of 7% is for FDs with a tenure of 2-3 years.

Bank of Baroda

Provides 6.5% on five-year FDs and 7.15% for seniors; the highest rate of 7.25% is available on 399-day FDs.

HDFC Bank

Offers 7% on five-year FDs for regular citizens and 7.5% for seniors; the highest rate of 7.4% is available on 55-month FDs.

ICICI Bank

Provides 7% on five-year FDs and 7.5% for seniors; the highest rates of 7.25% and 7.8% are available on FDs with tenures between 15 and 18 months.

Kotak Mahindra Bank

Offers 6.2% on five-year FDs for regular citizens and 6.7% for seniors; the highest rate of 7.4% is available on 390-day FDs.

Punjab National Bank

Provides 6.5% on five-year FDs and 7% for seniors; the highest rate of 7.25% is available on 400-day FDs.