{"id":35,"date":"2023-05-18T18:19:27","date_gmt":"2023-05-18T12:49:27","guid":{"rendered":"https:\/\/www.zonkerala.com\/blog\/?p=35"},"modified":"2023-05-18T18:19:27","modified_gmt":"2023-05-18T12:49:27","slug":"india-best-fd-rates-may-2023","status":"publish","type":"post","link":"https:\/\/www.zonkerala.com\/blog\/2023\/05\/india-best-fd-rates-may-2023\/","title":{"rendered":"India Best FD Rates May 2023"},"content":{"rendered":"\n

Here are the banks with the best FD rates in India in May 2023:<\/p>\n\n\n\n

Bank<\/th>Tenure<\/th>Interest Rate (per annum)<\/th><\/tr>
Suryoday Small Finance Bank<\/td>3 years<\/td>7.75%<\/td><\/tr>
DCB Bank<\/td>3 years<\/td>7.50%<\/td><\/tr>
Kotak Mahindra Bank<\/td>3 years<\/td>7.20%<\/td><\/tr>
Federal Bank<\/td>3 years<\/td>7.10%<\/td><\/tr>
IndusInd Bank<\/td>3 years<\/td>7.00%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Senior citizens (above 60 years of age) are eligible for an additional interest of 0.50% per annum.<\/p>\n\n\n\n

These are just a few of the banks offering FDs in India. You can compare interest rates and other features of different banks before making a decision.<\/p>\n\n\n\n

Here are some factors to consider when choosing a bank for your FD:<\/p>\n\n\n\n

    \n
  • Interest rate: The interest rate is the most important factor to consider when choosing a bank for your FD. Make sure to compare interest rates from different banks before making a decision.<\/li>\n\n\n\n
  • Tenure: The tenure of your FD will determine how much interest you earn. You can choose a tenure from 7 days to 10 years.<\/li>\n\n\n\n
  • Liquidity: FDs are a very liquid investment, which means that you can easily redeem them before maturity. However, there may be a penalty for early redemption.<\/li>\n\n\n\n
  • Other features: Some banks offer additional features with their FDs, such as the option to earn extra interest if you link your FD to a savings account or if you make a lump-sum deposit.<\/li>\n<\/ul>\n\n\n\n

    It is important to compare all of these factors before choosing a bank for your FD.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Here are the banks with the best FD rates in India in May 2023: Bank Tenure Interest Rate (per annum) Suryoday Small Finance Bank 3 years 7.75% DCB Bank 3 years 7.50% Kotak Mahindra Bank 3 years 7.20% Federal Bank 3 years 7.10% IndusInd Bank 3 years 7.00% Senior citizens (above 60 years of age) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zonkerala.com\/blog\/wp-json\/wp\/v2\/posts\/35","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zonkerala.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zonkerala.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zonkerala.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zonkerala.com\/blog\/wp-json\/wp\/v2\/comments?post=35"}],"version-history":[{"count":1,"href":"https:\/\/www.zonkerala.com\/blog\/wp-json\/wp\/v2\/posts\/35\/revisions"}],"predecessor-version":[{"id":36,"href":"https:\/\/www.zonkerala.com\/blog\/wp-json\/wp\/v2\/posts\/35\/revisions\/36"}],"wp:attachment":[{"href":"https:\/\/www.zonkerala.com\/blog\/wp-json\/wp\/v2\/media?parent=35"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zonkerala.com\/blog\/wp-json\/wp\/v2\/categories?post=35"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zonkerala.com\/blog\/wp-json\/wp\/v2\/tags?post=35"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}