FD Rate: If you want to save some amount every month and invest it safely, then Fixed Deposit (FD) can be a good option for you. Recently, the Reserve Bank of India (RBI) has reduced the repo rate to 5.5 percent.

After this, many banks have reduced the interest rates on FD. In such a situation, there are some banks that are offering you bumper returns on FD (Fixed Deposit Interest Rate). Know the complete details about this in the news.

1. CSB Bank

Interest rate: 7.4 percent

Amount received: Rs 1,15,000

2. RBL Bank

Interest rate: 7.3 percent

Amount received: Rs 1,15,000

3. Bandhan Bank

Interest rate: 7.25 percent

Amount received: Rs 1,15,000

4. DCB Bank

Interest rate: 7.15 percent

Amount received: Rs 1,14,000

5. IndusInd Bank and Yes Bank

Interest rate: 7 percent

Amount received: Rs 1,14,000

6. Indian Bank, Punjab and Sindh Bank, UCO Bank
Interest rate: 6.9 percent

Amount you will get: Rs 1,14,000

7. Karur Vysya Bank

Interest rate: 6.85 percent

Amount you will get: Rs 1,14,000

8. IDBI Bank, Indian Overseas Bank, City Union Bank, Karnataka Bank,

Tamil Nadu Mercantile Bank

Interest rate: 6.75 percent

Amount you will get: Rs 1,14,000

Know whether investing money in FD is safe-

DICGC, i.e., Deposit Insurance and Credit Guarantee Corporation, an institution of RBI, offers a guarantee on amounts up to Rs 5 lakh deposited in FD. This means that investment up to this amount is considered completely safe.

Do this before investing-

While choosing a bank, it is very important to compare the interest rate, term, and service. If you want your money to grow without any risk, then FD is a good option. Just check the interest rate and terms of the bank before investing.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.