Are you also thinking of investing your savings in Fixed Deposit (FD)? If yes, then this news is for you! Nowadays, government and private banks are giving such a great interest on FD that you will be happy to hear it.
According to a report, some banks are giving up to 7.75% interest on 1 year FD. Imagine how fast your savings will grow! And the interesting thing is that big banks like SBI are also included in this.
Let us tell you about those 10 banks which are giving the highest interest on 1 year FD:
These banks are giving up to 7.75% interest:
DCB Bank: This bank is giving 7.25% interest to common people and 7.75% interest to senior citizens on 1 year FD. This is a great opportunity for senior citizens!
Tamil Nadu Mercantile Bank: This bank is also giving the same interest as DCB Bank. 7.25% for common people and 7.75% for senior citizens.
Canara Bank: Canara Bank is also not behind! It is giving 7% interest to common people and 7.50% interest to senior citizens.
RBL Bank is also giving great interest:
Karnataka Bank: This bank is giving 7% interest to common people and 7.40% interest to senior citizens.
Deutsche Bank: Deutsche Bank is also giving good interest on 1 year FD, and the special thing is that it is giving the same interest to both common people and senior citizens.
RBL Bank: RBL Bank is also giving 7% interest to common people and 7.50% to senior citizens.
SBI is also giving more than 7% interest:
Bank of India: Bank of India is giving 7% interest to common people and 7.50% interest to senior citizens.
State Bank of India (SBI): The country’s largest bank SBI is now paying more than 7% interest. Common people will get 6.80% interest and senior citizens will get 7.30% interest.
Bank of Baroda and Central Bank of India: These two banks are also paying 6.75% interest on 1-year FD to common people and 7.25% to senior citizens.
So what are you waiting for? If you are thinking of investing in FD, then definitely find out about these banks and see which bank is best for you. Everyone wants to grow their hard-earned money by investing it in the right place, right?
