Fixed deposits provide guaranteed returns with higher interest rates than savings accounts, appealing to risk-averse investors. Here's a comparison between the major banks in India.

FD rates comparison: Here's a look at the latest bank fixed deposit rates offered by the biggest lenders State Bank of India, ICICI Bank, HDFC Bank, Kotak Mahindra Bank and Yes Bank.

The country’s largest lender State Bank has slashed the interest rate on savings bank deposits by a hefty 25-50 bps to 2.5% from the existing 2.7%, the lowest on record. The rate reduction for the ...