Highest FD Interest Rate If you want your 1 lakh rupees to increase to 1.23 lakh rupees, then the information given in this article can be of use to you. It told you what to do about it.
Fixed Deposits are considered to be the best option to save money and get safe return investment. But, the returns on FD are less as compared to the equity market . The major reason for this is that the returns of FD are not affected by the market risks whereas the investments made in the equity market directly are affected by the market risks.
That is why, people looking for safe returns invest in FDs. But, imagine how you would feel if you get more interest on the amount invested in FD? Obviously that would be nice. That is why, today we are going to tell you about such an FD, in which you will get 7 percent return. If you invest Rs 1 lakh in this, then you will get back around Rs 1.23 lakh on the completion of the FD tenure. It takes only one day to start an FD.
FD in Suryoday Small Finance Bank
Suryoday Small Finance Bank is one of the banks offering the best interest rate. It is offering 7 percent interest on FDs of three years. Meaning if you make an FD with the bank for three years, then you will get 7 percent interest rate return on completion of three years. If you invest 1 lakh rupees in this, then you will get a return of about 1.23 lakh rupees. After investing money in FD, you do not need to worry about it.
FD in RBL Bank
Apart from this, if you want the option of doing FD in any other bank, then you can also choose the three-year FD of RBL Bank. In this, you will get a return of 6.50 percent interest rate. If you make an FD of Rs 1 lakh in RBL Bank for three years, then you will get around Rs 1.21 lakh.
