FD: If you want to invest in fixed deposits with the view of safe investment and fixed returns, then at the moment you can get more interest than before.
Especially if you make FD (fixed deposit) for at least 1 year, then there are many banks which are giving you better returns. Senior citizens get 0.50 percent more return on FD in any bank. This is that investment option in which you get fixed returns.
- RBL Bank
RBL Bank is offering the highest interest of 6.25 percent to its customers on FDs of 1 year. According to the bank’s official website, this interest rate ranges from one year to less than 24 months. - IndusInd bank
In the private sector IndusInd Bank, if you make an FD for at least 1 year, then the bank is offering you an interest of 6 percent. This rate is for an amount less than Rs 2 crore. If you want, you can get FD (fixed deposit) for less than 1 year 7 months to less than 2 years at the same rate. - Bandhan Bank
If you make an FD for at least one year in the private sector Bandhan Bank, then you will get 5.75 percent interest. Actually the bank has implemented this interest rate for 365 days FD from 8 April 2022. This is for FDs of less than Rs 2 crore.
- IDFC First Bank
If you make an FD of less than Rs 2 crore in IDFC First Bank, then you will get an interest of 5.75 percent. If you are a senior citizen then interest of 6.25 percent will be available. - DCB Bank
There is also a DCB bank which is giving more interest on FD (fixed deposit) than many banks. If you make an FD of less than Rs 2 crore in this bank, you will get an interest of 5.55 percent. In this you can withdraw money even before time.