Here is fantastic news for those considering a fixed deposit (FD) investment! On 1-year FDs, several big public and commercial banks nationwide provide appealing interest rates. A report from ET claims that these institutions are giving up to 7.75% interest—in some cases even higher. Here are the top 10 banks with the best one-year FD returns.
Banks Offering Up to 8% Interest.
- General clients can earn 7.25%; senior individuals get a higher rate of 7.75%. DCB Bank
- Offering 7.25% for general consumers and 7.75% for elderly citizens, Tamilnad Mercantile Bank
- Canara Bank offers interest to older citizens of 7.50% and regular consumers of 7%.
Excellent Returns from RBL Bank.
4. Karnataka Bank: Provides 7.40% for older persons and 7% for regular clients.
5. Deutsche Bank offers elderly citizens a 7.40% and ordinary clients a 7% rate.
6. RBL Bank provides elderly citizens with 7.50% and ordinary consumers with 7% interest.
SBI and other public banks provide reasonably priced
- For normal consumers, the Bank of India pays 7% interest; for older persons, it pays 7.50%.
- Senior folks get 7.30%, whereas regular consumers get 6.80% from the State Bank of India (SBI).
- For regular clients, the Bank of Baroda pays 6.75%; for elderly persons, it pays 7.25%.
- Offers senior citizens 7.25% and general consumers 6.75% at Central Bank of India.
These banks are worth looking at if you want consistent returns on your FD!
