New Delhi, April 22 -- Before opening a fixed deposit (FD) account with a bank, it is better to compare the interest rates offered by different lenders. Higher the interest offered, greater the income for the depositor. Someone who deposits Rs.5 lakh in a fixed deposit (FD), an extra 50 basis point interest offered on it leads to an extra income of Rs.7,500 over a three-year period. And when this amount is Rs.10 lakh, the extra income jumps to Rs.15,000.

Here, we compare the highest interest rates offered by top private sector banks after the latest revisions. Notably, most banks revised their interest rates downward in the past couple of weeks after RBI cut repo rate in its second consecutive monetary policy committee (MPC) meet.

The l...