Fixed Deposit (FD) is still a great option for Indian customers to invest their savings. By investing in FD, customers get guaranteed income after a certain period.
Fixed Deposit (FD) is still a great option for Indian customers to invest their savings. By investing in fixed deposit, customers get guaranteed income after a certain period. If you are also planning to earn bumper profits by doing FD in the near future, then this news is for you. Actually, many big government and private banks of the country are offering bumper returns to their customers on 1 year FD. According to a news published in ET, let us know about 10 such banks which are giving the highest interest to their customers on 1 year FD.
Here you are getting 7.75% interest
DCB Bank is giving 7.25% interest to its general customers on 1 year FD while senior citizen customers are getting 7.75% interest. Whereas, Tamilnadu Mercantile Bank is giving 7.25% interest to its general customers on 1 year FD while senior citizen customers are getting 7.75% interest. Apart from this, Canara Bank is giving 7% interest to its general customers on 1 year FD while senior citizen customers are getting 7.50% interest. On the other hand, Karnataka Bank is giving 7% interest to its general customers on 1 year FD while senior citizen customers are getting 7.40% interest. Whereas Deutsche Bank is giving 7% interest to its general customers on 1 year FD while senior citizen customers are getting the same interest. On the other hand, RBL Bank is giving 7% interest to its general customers on 1 year FD and 7.50% interest to senior citizen customers.
Also Read- Bank FD Rates: Here you will get up to 9.60% interest on FD, check details
SBI is giving more than 7% interest
On the other hand, Bank of India is giving 7% interest to its general customers on 1 year FD and 7.50% interest to its senior citizen customers. While State Bank of India is giving 6.80% interest to its general customers and 7.30% interest to its senior citizen customers on 1 year FD. Apart from this, Bank of Baroda is giving 7% interest to its general customers on 1 year FD and 7.25% interest to its senior citizen customers. On the other hand, Central Bank of India is giving 6.75% interest to its general customers on 1 year FD and 7.25% interest to its senior citizen customers.
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