Bank FD New Interest Rates: This is a great opportunity for senior citizens to invest in bank fixed deposits (FD). Many private banks are offering higher interest rates. Bandhan Bank is offering an interest rate of 8.55% for 1 year FD. This is the maximum interest rate offered by a private sector bank.
Bank FD New Interest Rates: This is a great opportunity for senior citizens to invest in bank fixed deposits (FD). Many private banks are offering a higher interest rate. Bandhan Bank is offering an interest rate of 8.55% for 1 year FD. This is the maximum interest rate offered by a private sector bank. Check how much interest the big private sector banks of the country are offering.
Banks paying highest interest
- 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% on 18 months FD, 8.25% on 1 year FD, and 8.00% on 3 year FD
FD rates of other private banks
Large private banks
- HDFC Bank: 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 years – 7.50%
Why invest in FD?
FD is a safe investment option for senior citizens, where they get regular and fixed returns. Some private sector banks are offering more than 8% interest. If you want the highest interest, then Bandhan Bank (8.55%), DCB Bank (8.50%), RBL Bank (8.50%), and Yes Bank (8.50%) may be the best options. At the same time, SBM Bank India (8.25%) and Yes Bank (8.00%) are also good options for long term.
