Best FD Rates: In the current scenario, Fixed Deposits (FDs) have once again emerged as an attractive investment option. Various banks are offering different returns on FDs.
Add informalnewz.com as a Preferred Source
Best FD Rates: Currently, the stock market continues to experience volatility due to prevailing uncertainties. Meanwhile, gold prices have also witnessed a significant decline over the past month. In such a scenario, a Fixed Deposit (FD) stands out as the only investment avenue offering a 100% guarantee on returns. Let’s find out which bank is offering the best returns on FDs during the month of April.
Which Government Bank is Offering High Returns on a 1-Year FD?
Returns of 6.50% from Indian Overseas Bank, 6.30% from Union Bank of India, and 6.25% from Bank of India are being offered on a 1-year Fixed Deposit (FD). Canara Bank and Punjab National Bank are offering a return of 6.25% on a 1-year FD.
Where to Find Higher Interest Rates on 3-Year FDs
Punjab National Bank and State Bank of India are offering a return of 6.30 percent on their 3-year Fixed Deposit schemes. Investors will receive a return of 6.25 percent on 3-year FDs from Bank of Baroda, Bank of India, and Canara Bank.
5-Year FD
Here, Bank of Baroda has taken the lead. Customers of this public sector bank are earning an interest rate of 6.30% on 5-year FDs. Meanwhile, Canara Bank is offering 6.25%, Punjab National Bank 6.10%, and State Bank of India 6.05%.
Which Private Bank Offers the Highest Interest Rate on 1-Year Deposits?
SBM Bank India is offering an interest rate of 7.10% on 1-year Fixed Deposits (FDs). Bandhan Bank and RBL Bank are offering their customers an interest rate of 7% each. DCB Bank offers a return of 6.90% on 1-year FDs.
On 3-Year FDs
Bandhan Bank is offering its customers an interest rate of 7.25% on 3-year FDs, while RBL Bank offers 7.20% and DCB Bank offers 7% on three-year deposits.
Where to Earn Higher Interest on a 5-Year Fixed Deposit
DCB Bank is offering an interest rate of 7.15%. IDFC FIRST Bank is offering 7%, while YES Bank is providing 6.75% interest on 5-year Fixed Deposits.
Small Finance Banks
Suryoday Small Finance Bank is offering investors an interest rate of 7.90% on 5-year FDs, while Jana Small Finance Bank is offering 7.50% on 3-year FDs.
Read More: 2% DA Hike: Good News! DA Hike of Over 2% for These Employees – Check the Details
