If you are planning to invest in Fixed Deposit (FD), then this news is for you only. We are going to tell you about such banks which are offering the highest interest on FD from 1 to 5 years.
Fixed Deposit (FD) is a good option for those who want to invest but do not want to take risk. But since the last few months, the interest rates on FD have come down significantly, due to which the interest among investors has decreased a bit. But we are going to tell you about some such banks which are offering the highest interest on FD from 1 to 5 years.
SBI has also increased interest on FD
Let us tell you, State Bank of India (SBI) has increased the interest rate on fixed deposits. This increase has gone on interest on domestic bulk term deposits of Rs 2 crore and above. There has been no change in the interest rates for retail term deposits of less than Rs 2 crore. These new FD interest rates have become effective from 15 December 2021. The bank has increased the FD rate by 0.10 percent. But even after this, SBI is not included in the list of top 5 banks paying the highest interest.
1 year FD
IndusInd Bank- 6%
p.a. RBL Bank- 6%
p.a. DCB Bank- 5.55%
p.a. Bandhan Bank- 5.50%
p.a. IDFC First Bank- 5.25% p.a.
2 year FD
IndusInd Bank- 6%
p.a. RBL Bank- 6%
p.a. DCB Bank- 5.50%
p.a. Bandhan Bank- 5.50%
p.a. Axis Bank- 5.40% p.a.
3 year FD
RBL Bank- 6.30%
p.a. IndusInd Bank- 6%
p.a. DCB Bank- 5.95%
p.a. IDFC First Bank- 5.75%
p.a. South Indian Bank- 5.50 p.a.
5 year FD
RBL Bank- 6.30% p.a.
IDFC First Bank- 6%
p.a. IndusInd Bank- 6%
p.a. DCB Bank- 5.95%
p.a. Axis Bank- 5.75% p.a.
