New Delhi. Fixed Deposit (FD) has always been seen as a safe investment. People invest their lifetime capital in FD and leave it for a few years and then take it out with an assured return on it. They have no fear of sinking money in it.
However, the problem of low returns on FDs always remains. That’s why we will remove this dilemma of yours. Today we will tell you about 5 such banks which are giving 7 percent or more interest.
Canara Bank- Although this bank gives interest ranging from 3.25 percent to 6.50 percent, but the bank is paying 7 percent interest on FD with a time period of 666 days.
Bank of Baroda- This government bank is paying 7.05% interest on its special FD ‘Tiranga Plus FD Scheme’. Significantly, these senior citizens can get more interest than this.
Punjab National Bank- This bank is also giving 7.25% interest on FD of 666 days to its ordinary citizens. The bank had increased FD rates on the first date of this year itself.
ICICI Bank- This bank is paying 7% interest on FDs ranging from 15 months to 5 years. It can be more for senior citizens.
Axis Bank – This is the second private bank in this list. This bank is giving 7 percent interest on FDs from 2 years to 10 years to its ordinary citizens. Significantly, all these interest rates are for deposits of Rs 2 crore or less.
