Bank FD New Rates: This is the best time to get FD. At this time most of the banks are giving increased interest on FD. By taking advantage of this opportunity, you can get strong returns on FD.
Bank FD New Rates: The Reserve Bank of India (RBI) has not cut the repo rate for the 11th consecutive time. However, there is full hope of a cut in the repo rate in the monetary policy of February. In such a situation, this time is the best to do FD. Banks are currently giving strong interest on FD. At the same time, after the cut in repo rate, the interest rate will come down. In such a situation, if you are thinking of doing FD, then we are telling you about those banks, which are giving up to 8% interest on 1 year FD.
Bandhan Bank
Bandhan Bank is giving interest at the rate of 8.05% to the common citizens on its FD maturing in one year.
IndusInd Bank
IndusInd Bank is giving interest at the rate of 7.75% to the common citizens on its FD maturing in one year.
RBL Bank
RBL Bank is offering 7.5% interest to common citizens on its FDs maturing in one year.
Karnataka Bank
Karnataka Bank is offering 7.25% interest to common citizens on its FDs maturing in one year.
Yes Bank
Yes Bank is also offering 7.25% interest to common citizens on its FDs maturing in one year.
DCB Bank
DCB Bank is offering 7.1% interest to common citizens on its FDs maturing in one year.
Kotak Mahindra Bank
Kotak Mahindra Bank is also offering 7.1% interest to common citizens on its FDs maturing in one year.
Don’t delay in making FD now
Banking sector experts say that due to RBI not cutting the repo rate, very good interest is being received on FDs of different tenures. However, this phase will not last long now. Next year, RBI can cut the repo rate by 100 basis points. After this, the interest on FD will decrease. Before this, booking FD is a profitable deal. Right now many banks are giving strong returns on FD.
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