Are you also thinking of investing your savings in a safe and good return place? Then Fixed Deposit (FD) can be a great option for you! Nowadays many government and private banks are giving great interest on FD, due to which your savings will grow rapidly.
According to a report by Financial Express, some banks are giving interest up to 7.75% on 1 year FD! And this offer is also being given by big banks like State Bank of India (SBI). So let’s know about those 10 banks which are giving the highest interest on 1 year FD:
Which bank is giving the most benefit?
DCB Bank: This bank is giving 7.25% interest to common people and 7.75% interest to senior citizens on 1 year FD. That means senior citizens are in for a treat!
Tamilnad Mercantile Bank: Like DCB Bank, this bank is also giving 7.25% interest to common people and 7.75% interest to senior citizens.
Canara Bank: In Canara Bank, general customers can get 7% interest and senior citizens can get 7.50% interest.
Karnataka Bank: This bank is giving 7% interest to common people and 7.40% interest to senior citizens.
RBL Bank: In RBL Bank, general customers can get 7% interest and senior citizens can get 7.50% interest.
Bank of India: Bank of India is also 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 also not far behind! It is giving 6.80% interest to common people and 7.30% interest to senior citizens.
Bank of Baroda: General customers can get 6.75% interest in Bank of Baroda and senior citizens can get 7.25% interest.
Central Bank of India: Central Bank of India is also offering the same interest rate as Bank of Baroda – 6.75% for general people and 7.25% for senior citizens.
Deutsche Bank: Deutsche Bank is also offering almost the same interest rate on 1-year FD, but more information about it is not available yet.
Fact Check:
The interest rates given here are based on [name of report published in ET] and the websites of various banks. Interest rates may change from time to time, so make sure to get the latest information from the bank before investing.
