If you are planning to invest then you can make a fixed deposit in the bank. FD is considered to be the safest option for investment.
New Delhi . If you are planning to invest, then you can do Fixed Deposit-FD in the bank. Let us tell you that FD is considered the safest option for investment. To invest in this, most investors expect that they get maximum interest. Especially senior citizens look for such options where maximum interest is available and their money is safe. Here we are telling you about the private sector banks where the highest interest is getting on FD.
Reserve Bank of India (RBI) has not made any change in the repo rate in the last one year. It is close to 4 per cent now. Due to this, most of the banks reduced the FD rates. Interest earned on FD is taxable, so it reduces the benefit of return on FD.
Know the interest rates of banks,
if you are planning to invest in FD, then here are 10 private banks which are offering more interest. These rates are the interest rates of FDs below Rs 1 crore and tenure of five years. Senior citizens get 50 basis points more interest.
These banks are giving this much interest
1 DBS Bank – 5.70-6.50 per cent
2 Indusend Bank – 5.50-6.50 per cent
3 RBL Bank – 5.40-6.50 per cent
4 Yes Bank – 5.25-6.50 per cent
5 TNSC Bank – 5.75-6.00 per cent
6 IDFS First Bank – 5.25-6.00 percent
7 Karur Vysya Bank – 4.25-6.00 percent
8 Axis Bank – 4.40-5.75 percent
9 South Indian Bank – 4.50-5.65 percent
Keep these things in mind before buying FD
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