which bank is giving compound interest on FD?
Most banks in India offer compound interest on Fixed Deposits (FDs), where accrued interest is added back to the principal, allowing for interest-on-interest growth.
ICICI Bank routinely offers compounding on FDs: quarterly for regular plans and annually or quarterly for cumulative deposits. Axis Bank defines compounding FDs clearly, explaining interest is added periodically, i.e., quarterly or annually. Similarly, HDFC Bank, State Bank of India (SBI), and Canara Bank also offer compounding FDs, typically with quarterly or annual compounding under cumulative FD options .
You can also find the compounding fixed deposit options with Small Finance Banks such as Suryoday, Unity and Ujjivan with attractive interest rates.