New Delhi, Sept. 11 -- FD interest rates: If you are looking to lock your savings in fixed deposits (FDs), it is recommended to compare the interest rates offered by different banks.

Although most banks offer almost similar interest rates, it is recommended to choose the one that offers the highest interest because a tiny difference of 50 basis points can also lead to a significant difference in the overall returns over a long period of time.

For instance, when you lock Rs.10 lakhfixed deposit in a 5-year deposit that gives you 6.50 percent interest in one year instead of 6 percent offered by another bank, you stand to earn an extra Rs.5,000 in a year. On an FD of 3-year tenure, you can rake in an extra Rs.15,000.

Here, we list out the...