New Delhi, Oct. 8 -- Before you open a fixed deposit (FD) account, it is recommended to compare the interest rates offered by different banks so that you can opt for the one that pays the highest return.

Rates of interest also differ based on tenors of deposits. For instance, long tenor deposits generally give a higher return than low tenor ones.

Meanwhile, the highest interest offered by a bank on its fixed deposits (FDs) is not necessarily given on the longest tenor. In other words, the bank may give a higher return on its 3-year FD instead of a 4-year deposit. Let us try to understand this a bit more.

Here we list the highest interest rates given by banks - private and govt-run - across different tenors.

I. HDFC Bank: This private ...