Here are 5 banks that have hiked FD interest rates—make the most of your account for significant returns.

5 Banks That Have Increased FD Interest Rates: Maximize Your Returns

Several banks have recently announced hikes in their Fixed Deposit (FD) interest rates, providing a lucrative opportunity for account holders to earn more from their savings. If you have an account with any of these banks, you can benefit significantly from these increased rates.

1. State Bank of India (SBI): SBI has revised its FD interest rates for various tenures. The new rates offer up to 6.50% per annum, providing a great opportunity for both short-term and long-term investors to maximize their returns.

2. HDFC Bank: HDFC Bank has also increased its FD interest rates, now offering up to 6.75% per annum. This makes it an attractive option for those looking to invest their savings safely while earning higher interest.

3. ICICI Bank: ICICI Bank has followed suit by revising its FD rates to offer up to 6.80% per annum. This hike is beneficial for account holders who want to grow their savings with a reliable banking institution.

4. Axis Bank: Axis Bank has increased its FD interest rates to up to 7.00% per annum. This makes it a competitive choice for investors seeking high returns with minimal risk.

5. Punjab National Bank (PNB): PNB has revised its FD rates to offer up to 6.60% per annum. Account holders can take advantage of these new rates to enhance their earnings from fixed deposits.

By choosing to invest in FDs with these banks, you can enjoy higher interest rates and secure substantial returns on your savings. Make sure to check the specific terms and conditions offered by each bank to make an informed decision.