FD Rates: Today there are many investment options available in the market. Where good returns are available. But when it comes to safe investment, everyone from youth to senior citizens in India chooses FD. Another big reason for this is that fixed returns are available on FD and banks keep changing the interest rates of FD from time to time. At present, many government and private banks in the country are offering great interest to general customers and senior citizens.
Most banks are giving more interest to senior citizens (Senior Citizens FD Interest Rates) than common customers. In such a situation, senior citizens have a great opportunity to invest. Bandhan Bank is offering 8.55 percent interest for 1 year FD (FD rates). This is the maximum interest given by a private-sector bank. Let us know which bank is giving more returns -
These banks are giving the highest returns -
Bandhan Bank: 8.55% on 1-year FD
DCB Bank: 8.50% on 15 to 16 months FD
RBL Bank: 8.50% on 500 days FD
Yes Bank: 8.50 percent on 18 months FD (Yes Bank FD Interest Rate), 8.25 percent on 1-year FD, and 8.00 percent on 3-year FD
FD interest rates of big private banks of the country -
HDFC Bank (HDFC Bank FD Interest Rate) - 1 year - 7.10%, 3 years - 7.50%, 5 years - 7.50%
ICICI Bank: 1 year - 7.20%, 3 years - 7.50%, 5 years - 7.50%
Axis Bank: 1 year – 7.20%, 3 years – 7.60%, 5 years – 7.75%
Kotak Mahindra Bank: 1 year – 7.60%, 3 years – 7.60%, 5 years – 6.70%
Karnataka Bank: 1 year – 7.75%, 3 years – 7.00%, 5 years – 7.00%
Jammu & Kashmir Bank: 1 year – 7.50%, 3 years – 7.25%, 5 years – 7.00%
Tamilnad Mercantile Bank: 1 year – 7.50%, 3 years – 7.00%, 5 years – 7.00%
DBS Bank: 1 year – 7.50%, 3 years – 7.00%, 5 years – 7.00%
CSB Bank: 1 year – 5.50%, 3 years – 6.25%, 5 years – 6.25%
South Indian Bank: 1 year – 7.30%, 3 years – 7.20%, 5 years – 6.50%
City Union Bank: 1 year – 7.25%, 3 years – 6.75%, 5 years – 6.50%
These banks are giving attractive offers on long-term
SBM Bank India: 5 years – 8.25%, 10 years – 7.90%
Yes Bank: 5 years – 8.00%, 10 years – 7.75%
RBL Bank: 5 years – 7.60%, 10 years – 7.50%
IndusInd Bank: 5 years – 7.75%, 10 Year – 7.50%
What is the benefit of investing in FD?
Although there is no dearth of investment options in the markets today. But from the perspective of safe investment, FD is the safest investment option for senior citizens, where their money is safe and guaranteed returns are available. Some private sector banks are offering more than 8 percent interest.
If you want the highest interest, then you can get FD done in Bandhan Bank (8.55%), DCB Bank (8.50%), RBL Bank (8.50%), and Yes Bank (8.50%). All these banks are giving great interest on fixed deposits. At the same time, if you want to invest in FD for a long time, then SBM Bank India (8.25%) and Yes Bank (8.00%) are also good options.
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.
