Highest FD Interest Rates: This list includes both private and public sector banks. Senior citizens can get interest rates of up to 7.50% per year, while those under 60 years of age can get up to 7% interest.
Highest FD Interest Rates: Opening a fixed deposit (FD) with a bank remains a popular savings option for many people even today. One reason for this is that the money can be easily withdrawn when needed. Within the FD product, a 1-year term is a particularly popular option, as many people are not comfortable locking their money away for longer periods of 5 or 10 years.
If you are considering opening a 1-year fixed deposit (FD) with a bank, this report presents some options from banks offering the highest interest rates on FDs. These include both private and public sector banks.
Bandhan Bank: The interest rate for retail fixed deposits up to ₹3 crore is 7% per annum. Senior citizens receive an interest rate of 7.50% per annum.
DCB Bank: It offers an interest rate of 6.90% per annum on retail fixed deposits for a 1-year term. For senior citizens, the rate is 7.15% per annum.
IndusInd Bank: For retail fixed deposits up to ₹3 crore, the interest rate for a 1-year term is 6.75% per annum. For senior citizens, it is 7.25% per annum.
Yes Bank: This bank offers an interest rate of 6.65% per annum on retail fixed deposits. For senior citizens, the rate is 7.15% per annum.
Union Bank of India and Central Bank of India: The interest rate on retail fixed deposits up to ₹3 crore is 6.40% per annum. Senior citizens receive an interest rate of 6.90% per annum.
SBI, PNB, HDFC Bank, and ICICI Bank: These banks offer an interest rate of 6.25% per annum on retail fixed deposits for a 1-year term. For senior citizens, the rate is 6.75% per annum. PNB offers an even higher rate of 7.05% per annum for super senior citizens (those aged 80 and above).
Indian Bank: It is offering an interest rate of 6.10% per annum on retail fixed deposits of up to ₹3 crore. The rate for senior citizens is 6.60% per annum.
Add informalnewz.com as a Preferred Source
DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
